What is the issue size of Sungarner Energies IPO?

The issue size of the Sungarner Energies IPO is Rs 5.31 cr.

What is 'pre-apply' for Sungarner Energies IPO?

Pre-apply will alow you to apply for the Sungarner Energies IPO 2 days before the subscription period starts.

If I pre-apply for Sungarner Energies IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Sungarner Energies IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Sungarner Energies IPO order is placed?

We will notify you when your Sungarner Energies IPO order is placed with the exchange.

What are the open and close dates of the for Sungarner Energies IPO?

Sungarner Energies IPO will be open between 21 August - 23 August, 2023.

What is the lot size and minimum order quantity of the Sungarner Energies IPO?

Sungarner Energies Limited IPO lot size is 1600 shares.

What are the allotment dates for the Sungarner Energies IPO?

Sungarner Energies IPO allotment date is 28 August, 2023. For Sungarner Energies IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Sungarner Energies IPO?

Sungarner Energies IPO registrar is Skyline Financial Services Private Ltd. You can check Sungarner Energies IPO allotment status on the website of the registrar.

Where is the Sungarner Energies IPO getting listed?

The shares are proposed to be listed on NSE SME.

Sungarner Energies IPO

Sungarner Energies Limited

₹1,32,800 /1600 sharesMinimum Investment

Sungarner Energies IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
NSE₹83.00₹250.00₹167.00 (201.20%)
Sungarner Energies IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
21 Aug ‘23 - 23 Aug ‘23₹1,32,8001,600₹83 - ₹83
Issue SizeIPO Doc
5.31CrRHP PDF
About Sungarner EnergiesSungarner Energies Limited was established in 2015 to provide cost-effective power solutions. The company specializes in various power solutions, including solar power, UPS systems, batteries, inverters, and solar panels.
Starting as a design engineering and solar EPC company, the company has diversified its operations. Today, the company is involved in the manufacturing of power electronics and energy storage products. Their product lineup includes solar inverters, online UPS systems, EV chargers, and lead-acid batteries. The company can produce lead acid batteries of varying capacities, ranging from 12 Volts 40 ampere-hours to 12 volts 300 ampere-hours.
The company has also acquired a WMI code for potential EV vehicle manufacturing. Lastly, they offer integrated solar energy solutions, encompassing engineering, procurement, and construction (EPC) services.;
Parent Organisation
Sungarner Energies Limited
Founded
2015
Managing Director
Mr. Sumit Tiwari
Strengths & Risks
The company is planning extensive expansion in the coming years, targeting retail and export growth across 8 states and 7 countries.
By 2026, the company aims to establish a network of 500 domestic and 20 international distributors.
Internationally, the company has established successful business relationships in countries such as Dubai, Lebanon, Nepal, and Nigeria in the last two years. 
The company operates six service centers throughout India: Delhi, Uttar Pradesh, Haryana, Bihar, Assam, and Bengal.
The company’s Solar EPC Division has commissioned over 50 large-scale solar projects over the past eight years. These projects cater to esteemed clients such as Interglobe Enterprises, DLF, Jubilant Life Sciences, Eli Lilly, Modi Xerox, V N Dyers and Textiles, ITC Hotels Delhi, India Thermit Nagpur, Sarovar Portico Lucknow, and Satyam Hospital Ludhiana, etc. 
The company ventured into international projects by executing the largest solar power project in Bhutan in 2021.
Sungarner Energies lacks long-term agreements with its suppliers, which could lead to potential shortages of raw materials in the future, potentially harming its business operations.
The company's primary sources of income come from manufacturing Solar Inverters and batteries. A decrease in demand for these products could adversely affect the company's operations.
In recent years, the company has experienced negative cash flows from its day-to-day operations, investments, and financial activities. 
As of March 31, 2023, the top 10 customers account for 89.55% of the company's total sales, with the top 5 customers contributing more than 76% of these sales. 
Similarly, procurement relies heavily on the top 10 suppliers, with over 65% of supplies coming from the top 5 suppliers.
The company has taken an unsecured loan facility totaling Rs. 3.21 Lakhs, which the lender can demand repayment for at any time.
Any alterations, removals, or expirations of government subsidies and incentives to boost solar energy and domestic production could diminish the demand for the company's solar modules.
The company has engaged in transactions with related parties, including its promoters, directors, and the promoter group, amounting to Rs. 223.96 Lakhs during the year ending on March 31, 2023.
The company may lack sufficient insurance coverage to protect against all potential losses.
The company heavily imports essential components, raw materials, and stock-in-trade. Shortages in raw materials or increased demand for components could directly impact input costs, potentially affecting product pricing, supply, and the company's overall business.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹83 - 83₹2 Lakh
High Networth Individual₹83 - 83₹2 - 5 Lakh
For Sungarner Energies IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
NSE	₹83.00	₹250.00	₹167.00 (201.20%)

Bidding Dates	Min. Investment	Lot Size	Price Range
21 Aug ‘23 - 23 Aug ‘23	₹1,32,800	1,600	₹83 - ₹83

Issue Size	IPO Doc
5.31Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹83 - 83	₹2 Lakh
High Networth Individual	₹83 - 83	₹2 - 5 Lakh

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