Sungarner Energies Limited
ListedSMECapital 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
Close
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
Overall Subscription
151.20x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
109.52x
High Net-Worth
Retail (RII)
192.89x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| NIB | 291,200 | 31,891,200 | 109.52x |
| RETAIL | 291,200 | 56,169,600 | 192.89x |
| Total | 582,400 | 88,060,800 | 151.20x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 140 | 27,005 | 192.89x |
| HNIs (10L +) | 1 | 110 | 109.52x |
| HNIs (2-10L) | 4 | 438 | 109.52x |
| Total Applications | 145 | 27,553 | 190.02x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
Bidding & Quota Instructions:
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.
Allotment Reconciliation Schedule:
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 is Sungarner Energies Limited IPO GMP today?
The latest Grey Market Premium (GMP) for Sungarner Energies Limited IPO is ₹70 per equity share. Based on the upper price band of ₹83 to ₹83 per equity share, the estimated listing price is ₹153 (+84.3% expected listing gain).
What is the expected profit per lot for Sungarner Energies Limited IPO?
With a lot size of 1600 shares and current GMP of ₹70, the expected profit per application lot is approx ₹1,12,000 (+84.3% gain). Minimum application cost is approx ₹1,32,800.
What is the issue size and price band for Sungarner Energies Limited IPO?
The Sungarner Energies Limited IPO aggregate issue size is ₹5.31 Crores with an equity price band set at ₹83 to ₹83 per equity share. The retail lot size is 1600 shares requiring a minimum capital outlay of approx. ₹1,32,800.
How can I check Sungarner Energies Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 151.20x (Retail: 192.89x, QIB: 0.00x, NII: 109.52x). You can track live multiples directly on our dedicated subscription page.
Where and when will Sungarner Energies Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Skyline Financial Services Private Limited) and the BSE status verification website on or around 2023-08-28. Investors can verify status using PAN card or application number.
When is the listing date for Sungarner Energies Limited IPO?
Sungarner Energies Limited shares are scheduled to list on NSE on 2023-08-31.