Sungarner Energies IPO: Check Latest GMP, Allotment, Listing Dates – All Details

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The Initial Public Offering of Sangarner Energies Limited will open for subscription on Monday August 21 and will continue till Wednesday, August 23. The IPO is a fixed price issue with a total issue size of Rs 5.31 crore. Once the shares are allotted to the subscribers, the IPO is expected to be listed on NSE SME.

Sungarner Energies IPO: About the CompanyThe company is in the business of manufacturing solar inverters, Online UPS Systems, EV Chargers and Lead Acid Batteries.

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The company started as a Design Engineering and Solar EPC Company and gradually diversified into Manufacturing Power Electronics and Energy Storage Products. The company produces lead acid batteries of varying capacities in the range from 12 Volts 40 ampere-hours to 12 volts 300 ampere-hours.

Sungarner Energies IPO: GMPThe shares of Sungarner Energies are currently trading at a premium of Rs 0(+/-) per share in the grey market according to several websites tracking grey market premium.

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Sungarner Energies IPO: Allotment DateFollowing the subscription of Sungarner Energies IPO, the shares will likely be allotted to the subscribers on Monday, August 28, 2023.

Sungarner Energies IPO: Listing DateFollowing the allotment and credit of shares to the subscribers, the shares of Sungarner Energies are expected to be listed on the stock exchange on Thursday, August 31.

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Sungarner Energies IPO: Price The IPO is Fixed Price Issue and the price is Rs 83 per share.

Sungarner Energies IPO: Lot SizeThe lot size of Sungarner Energies IPO is 1600 shares.

Sungarner Energies IPO: Investment The minimum investment for 1 lot of shares is (Rs 83 x 1600)= Rs 1,32,000.

Sungarner Energies IPO: Registrar The IPO registrar of Sungarner Energies is Skyline Financial Services Private Ltd. On the day of allotment, the subscribers of the IPO can check their allotment status on https://www.skylinerta.com/ipo.php.