IPO Details

Sungarner Energies Ltd
Registered Office: 1/5322 S/F Plot No. 19A, Gali No. 13 Balbir Nagar Ext., New Delhi - 110032, Delhi
Phone: 917428296411
Email: legal@sungarner.com ; cfo@sungarner.com
Website: www.sungarner.com
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.

Issue		Money Payable On
Opens On	Closes On	Application	Allotment
21-Aug-2023	23-Aug-2023	₹ 83.00	₹ 0.00

Projects
Working Capital Requirement
General Corporate Purposes

Promoted By
Sumit Tiwari
Snigdha Tiwari

Listing At
NSE - SME

Registrar to the Issue