Sungarner Energies IPO GMP Today, Dates & More Details

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Check out all the details about Sungarner Energies Limited IPO. Here’s everything that you need to make a decision whether to go with the IPO or not.

There’s so much to know, for now, let’s start with the objectives of Sungarner Energies IPO.

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Objectives of Sungarner Energies IPO

Sungarner Energies Limited intends to utilize the Net Proceeds for the following objects:

Sr. No.	Particulars	Estimated Amount	% of Total Issue Size	Amount to be Financed from Issue Proceeds
A	To meet Working Capital Requirements	278.00	62.05%	278.00
B	General corporate purposes	100.00	22.32%	100.00
C	Issue related expenses	70.00	15.63%	70.00
Total	IPO Proceeds	448.00	100.00%	448.00

*The amount utilized for general corporate purposes shall not exceed 25% of the gross proceeds of the Issue.

Sungarner Energies IPO Details

IPO Date	Aug 21, 2023 to Aug 23, 2023
Listing Date	31 August 2023
Face Value	₹10 per share
Price	₹83 per share
Lot Size	1600 Shares
Total Issue Size	640,000 shares (aggregating up to ₹5.31 Cr)
Fresh Issue	640,000 shares (aggregating up to ₹5.31 Cr)
Issue Type	Fixed Price Issue IPO
Listing At	NSE SME
Share holding pre issue	1,678,750
Share holding post issue	2,318,750

Sungarner Energies IPO Tentative Timetable

IPO Open Date	Monday, 21 August 2023
IPO Close Date	Wednesday, 23 August 2023
Basis of Allotment	Monday, 28 August 2023
Initiation of Refunds	Tuesday, 29 August 2023
Credit of Shares to Demat	Wednesday, 30 August 2023
Listing Date	Thursday, 31 August 2023
Cut-off time for UPI mandate confirmation	5 PM on Aug 23, 2023

Sungarner Energies IPO Reservation

Other Shares Offered	50%
Retail Shares Offered	Not less than 50.00% of the Offer

Sungarner Energies IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	1600	₹1,32,800
Retail (Max)	1	1600	₹1,32,800
HNI (Min)	2	3,200	₹2,65,600

Sungarner Energies IPO Financials

Particulars	For the period ended 30th November 2022	For the Year ended 31st March 2022	For the Year ended 31st March 2021	For the Year ended 31st March 2020
Share Capital	167.88	46.50	46.50	46.50
Net Worth	284.62	156.23	98.73	82.83
Total Revenue	1201.01	797.66	536.43	436.13
Profit after Tax	38.39	57.50	15.90	2.54
EPS Basic and Diluted	3.28	12.36	3.42	0.55
NAV per Equity Share	16.95	33.60	21.23	17.81
Total borrowings
– Long Term	14.85	56.60	25.46	12.05
– Short Term	192.08	170.02	78.32	75.76

– Amount in ₹ Lakhs

Sungarner Energies IPO Promoters

Mr. Sumit Tiwari and Mrs. Snigdha Tiwari are the promoters of Sungarner Energies Limited.

Here’s their shareholding in the company:

Pre Issue Share Holding	84.94%
Post Issue Share Holding	61.49%

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Sungarner Energies Limited Company Background

Company Overview: Sungarner Energies Limited
- Founded: 2015
- Core Business: Manufacturing Solar Inverters, Online UPS Systems, EV Chargers, and Lead Acid Batteries
- Initial Focus: Design Engineering and Solar EPC
- Diversification: Expanded into Manufacturing Power Electronics and Energy Storage Products
Product Range: Lead Acid Batteries
- Capacities: 12V, 40Ah to 12V, 300Ah
EV Initiative:
- WMI Code Obtained for EV Vehicle Manufacturing
- Current Stage: Prototype; Awaiting Full-Scale Manufacturing
Clientele:
- Main Markets: Haryana, UP, Bihar, Rajasthan, Assam
Service Centers:
- 6 Centers Across India: Delhi, UP, Haryana, Bihar, Assam, Bengal
Expansion Plans:
- Target: Appoint 500 Franchisees by 2025
- Coverage: All Major Districts of India
Exports:
- Recent Venture: Exports Initiated in the Last 2 Years
- Exported to: Nigeria, Lebanon, Nepal, Dubai, Bhutan

Sungarner Energies Limited Industry Overview

Solar Power Industry in India:

Rising demand due to economic growth and per capita electricity consumption catching up with developed economies.
Focus on renewable energy due to climate commitments and limited fossil fuels.
India’s solar power capacity: 63.303 GWAC (Dec 2022), ranking fourth globally in 2021.
Decreasing costs driving interest in solar projects, supported by feed-in tariffs and technological advancements.

Inverter Market:

High demand, creating opportunities for solar inverter manufacturers.
National Solar Mission boosting PV market, leading to increased production.
Growing usage of power inverters in residential sector due to urbanization, electronics ownership, and power cuts.
India power inverter market value: USD 4.20 billion (2021), expected to reach nearly USD 9.81 billion by 2027 (CAGR 14.6%).

Battery Industry in India:

Battery market segmented by technology and application.
Global battery market valued at USD 104.31 billion (2022), CAGR of 15.8% (2023-2030).
Lead-acid batteries reliable for critical applications, while lithium-ion batteries gaining traction for higher energy density.
U.S. market growth due to government policies and electric vehicle and consumer electronics sales.

Electrical Accessories Market in India:

India’s electrical materials market valued at USD 5969.13 million (FY2020), CAGR 17.88% (FY2020-2026).
Construction boom and industrial expansion driving demand for electrical materials.
Innovations and sustainable technologies contributing to market growth.
Industrialization creating opportunities for electrical materials in various sectors.

India’s Power Sector:

Ministry of Power’s efforts for universal access to affordable, sustainable power.
Diverse power generation sources, including conventional and non-conventional.
Rapidly increasing electricity demand requires significant capacity expansion.
Focus on infrastructure for economic growth and welfare, achieving universal household electrification.