Business Standard

Sungarner Energies Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

5.31 cr

Price Range (₹)

83

Lot Size

1600

Min Investment (₹)

1,32,800.00

Listing Exchange

NSE - SME

Open Date

21-Aug-2023

Close Date

23-Aug-2023

Listing Date

31-Aug-2023

Sungarner Energies Ltd News

    The Shares of Sungarner Energies Ltd have now been listed.

    Sungarner Energies Ltd IPO Details

    Initial public offer of 6,40,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Sungarner Energies Limited (Issuer or the Company) for cash at a price of Rs. 83/- per equity share (Issue Price) (including a share premium of Rs. 73/- per equity share), aggregating to Rs. 5.31 crores (The Issue), out of which, 57,600 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 83/- per equity share aggregating to Rs. 0.48 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. issue of 5,82,400 equity shares of face value of Rs. 10.00/- each at an issue price of Rs. 83/- per equity share aggregating to Rs. 4.83 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 27.60% and 25.12%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and the issue price of Rs. 83/- is 8.3 times of the face value.Bids can be made for a minimum of 1600 equity shares and in multiples of 1600 equity shares thereafter.

    Objective of issue

    Working Capital Requirement. General Corporate Purposes.

    Sungarner Energies Ltd Contact Details

    Sungarner Energies Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

    Phone - 91-11-26812682

    Fax - 91-11-30857562

    Email - legal@sungarner.com ; cfo@sungarner.com

    Website - www.sungarner.com