Sungarner Energies Limited

LISTED

SME IPO · IPO Guide

📄 View RHP ✅ Check Allotment

Issue Price

₹83

Listed On

31 Aug 2023

Listing Price

₹250 (+201.20%)

Current Price LIVE

₹250 (+201.20%)

🧮

Lot Size Calculator

Application	Lots	Shares	Amount
Retail	2	3,200	₹2,65,600
HNI Min	3	4,800	₹3,98,400

As per financials, Sungarner Energies Limited has shown good results, RoNW is 23.18% and P/E is respectively 33.47 and 25.90 as per FY22 and FY23 earnings, which looks fully priced. Company is in business of Solar Inverters, Online UPS Systems, EV Chargers, and Lead Acid Batteries, which is a high growth and competitive segment. Performance of BRLM is good. So we are giving NEUTRAL rating to this SME IPO. Readers must consult a qualified financial advisor prior to making any actual investment decisions.

Fresh Issue

1
Working Capital Requirement ( Rs 3.50/- Cr )General Corporate Purposes ( Rs 1.11/- Cr )Issue Expenses ( Rs 0.70/- Cr )
2
Working Capital Requirement ( Rs 3.50/- Cr )
3
General Corporate Purposes ( Rs 1.11/- Cr )
4
Issue Expenses ( Rs 0.70/- Cr )
5
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decision
6
Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this applicatio
7
With entry barriers, SEBI wants only well informed investors to participate is such SME offer
8
With crazy recent listings, SME IPOs have started drawing attention of investors across the boar
9
However, as SME issues have entry barriers and continued low preference from broking community, any reader taking decisions based on any information published here does so entirely at own ris
10
Above information is based on information available as on date coupled with market perception

✅ Check Your SME IPO Allotment Result

Direct link to registrar — query by PAN / Application No. / DP Client ID.

Check Allotment →

⚠️

Disclaimer

No financial information whatsoever published herein, should be construed as an offer to buy or sell securities, or as information to make investment decisions, or as an official confirmation of any transaction. All matter published herein is purely for educational and informational purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions.

💬 Community Discussion

12 Comments

R
R SNRaju 05 Apr 2024, 03:25

ok sir thank you
I
IPO Help 23 Mar 2024, 17:44

@R SNRaju you have to pay short term capital gain 15% but actual information provide by CA in this case.
R
R SNRaju 23 Mar 2024, 13:45

mera total salary 6.5 lakh only per year. abhi tak me nill return karraha hi. this year there is little tension about these shares profit.
R
R SNRaju 23 Mar 2024, 13:42

giruji mera ku this ipo mill gaya hi only profit 245000 rupees mera problem kya hi this profit IT returns me tax barna hi nahe hi. listing ka dhin pura beja gaya hi short time me this profit tax ka upper ayega nahe plz explain sir agar this ipo shares tax ka upper ayega nahi ayega tell me sir.
I
IPO Help 22 Mar 2024, 17:32

@R SNRaju Can you explain question again?
R
R SNRaju 22 Mar 2024, 15:26

hi guruji mera ku tax ka upoer ayeags
R
R SNRaju 06 Sep 2023, 20:47

buja mela hi 247000 bahut hi
I
IPO Guide 02 Sep 2023, 10:36

in sme IPO anything is possible
J
JATIN NAVNIT BHAI MONANI 01 Sep 2023, 14:21

83 TO 250 UNACCEPTABLE LISTING
K
Kiran Prajapati 24 Aug 2023, 22:07

GMP increase Rs 35
R
R SNRaju 22 Aug 2023, 08:37

15
Y
Yogesh Kewlani 21 Aug 2023, 19:10

GMP?

Period	Total Income	Total Expenses	Profit After Tax (PAT)
FY23	17.65	1.60	0.74
FY22	7.97	6.99	0.57
FY21	5.36	4.98	0.15

Open Date	Aug 21, 2023
Close Date	Aug 23, 2023
Allotment Date	Aug 29, 2023
Listing Date	Aug 31, 2023
Face Value	₹ 10 Per Equity Share
Issue Price	₹ 83 Per Equity Share
Issue Size	Fresh Issue of Up to 6,40,000 with aggregating up to Rs 5.31/- Cr
Retail Min Lot	1 Lot (1,600 Shares - ₹ 1,32,800)
Lead Manager	Fast Track Finsec Private Limited

Company	P/B Ratio	P/E Ratio	RoNW	Total Revenue (Cr)
Sungarner Energies Limited Current	2.26	25.90	23.18%	17.65
Insolation Energy Limited	10.1	50.0	48.3%	279
Veer Energy & Infrastructure Limited	0.32	13.2	2.01%	6.54
V Guard Industries Limited	8.34	74.5	12.0%	4,050

Sungarner Energies Limited

Lot Size Calculator

SME IPO Review

SME IPO Timeline

IPO Subscription

Valuations (Post Issue FY 23)

Company Financials

SME IPO At a Glance

Peers Comparison (As per FY26 / TTM)

About Company

Issue Objectives

Company Promoters

✅ Check Your SME IPO Allotment Result

Disclaimer

💬 Community Discussion

✍️ Post a Comment