What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Sungarner Energies Limited IPO allotment date?

The basis of allotment for Sungarner Energies Limited IPO is scheduled to be finalized on 28 Aug 2023.

Where can I check Sungarner Energies Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Skyline Financial Services Private Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 29 Aug 2023.

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Grey Market Intelligence

Sungarner Energies Limited

ListedSME

Capital Goods · NSE

Incorporated in 2015, Sungarner Energies Limited manufactures Solar Inverters, Online UPS systems, EV Chargers, and Lead Acid Batteries. The company started as a Solar Design Engineering and EPC firm, and later diversified into power electronics and energy storage. It produces lead acid batteries ranging from 12V 40Ah to 12V 300Ah. The company has also received a WMI code for EV manufacturing and is currently at the prototype stage. Sungarner’s key markets include Haryana, UP, Bihar, Rajasthan and Assam. It operates 6 service centres in India and has started exports in the last two years to countries like Nigeria, Lebanon, Nepal, Dubai and Bhutan.

Price Band

₹83

Issue Size

₹5.31 Cr

Lot Size

1600 shares

GMP

₹70

+84.3%

Est. Listing

₹153

at current GMP

Subscribed

151.20x

overall

Open

21 Aug 2023

23 Aug 2023

Allotment

28 Aug 2023

Refund

29 Aug 2023

Demat Credit

30 Aug 2023

Listing

31 Aug 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Sungarner Energies Limited Allotment Status

Designated Registrar: Skyline Financial Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

28 Aug 2023

Basis finalization

Refunds Initiate

29 Aug 2023

Mandate release

Demat Credit

30 Aug 2023

Shares in demat

Listing Debut

31 Aug 2023

Trading begins

About Sungarner Energies Limited Public Issue & Market Profile

Sungarner Energies Limited is bringing an initial public offering (IPO) in the Capital Goods sector with an aggregate issue size of ₹5.31 Crores. The shares are offered at a price band of ₹83 to ₹83 per equity share on NSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1600 shares (approx. ₹1,32,800 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Skyline Financial Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-08-30, while un-allotted funds or UPI block mandates will be released on 2023-08-29.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.