Sungarner Energies Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Sungarner Energ.

CMP

411.00

-7.10 (-1.70%)

  • DRHP
₹83

Offer Price

₹ 5.31 Cr

Issue Size

₹ 1,32,800

Min Investment

1,600

Lot size

Time Line

  • 21
    Aug 2023
    Open
  • 23
    Aug 2023
    Close
  • 28
    Aug 2023
    Finalisation of Basis of Allotment
  • 29
    Aug 2023
    Initiation of Refunds
  • 30
    Aug 2023
    Transfer of Shares to Demat Account
  • 31
    Aug 2023
    Listing Date

Objects of the Offer

  • Improving operational efficiencies.

  • Expand geographical reach.

  • Strengthening its brand.

  • Training its employees.

  • To build-up a professional organization.

Products & Services

  • The Company is offering a wide range of power solutions such as Solar Power, UPS, Batteries, Inverters and Solar Panels.

  • The Company provides solutions like design and engineering services in power sector to its customers.

Strengths

  • Good track record;

  • Government support to Power industry.

  • Leveraging the experience of its Promoters;

  • Experienced management team and a motivated and efficient work force;

  • Cordial relations with its consumers;

Risks

  • The company don`t have long term contracts with its suppliers and therefore, there may be potential unavailability of raw materials in future which may adversely affect the company business operations.

  • The company present promoters of the Company are first generation entrepreneurs.

  • The company unable to work on its full potential and utilized its full capacity for the production and manufacturing of products.

  • The company derive its significant amount of revenue form the manufacturing Solar Inverter and batteries. Any fall in demand of Solar Inverter and batteries may adversely affect the company business operations.

  • The Company has negative cash flows from its operating activities, investing activities and the company financing activities in the current and past years, details of which are given below. Sustained negative cash flow could impact its growth and business.

Company Promoters

Promoters Holding

Issue For IPO
23.45%
Pre Holding

84.92%

Post Holding

61.47%

Top Promoters Holding

Financials

All values in Cr

Mar-2023 Mar-2023 Mar-2023 3-Yr trend
Revenue 17.32 (0.00%) 23.18 (-) 23.18 (0.00%)
Gross Profit 17.32 (0.00%) 23.18 (-) 23.18 (0.00%)
Net Income 17.32 (0.00%) 23.18 (-) 23.18 (0.00%)
Assets 17.32 (0.00%) 23.18 (-) 23.18 (0.00%)
Liabilities 17.32 (0.00%) 23.18 (-) 23.18 (0.00%)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Sungarner Energies Ltd 17.32 0.74 7.65 4.44 23.18 0.00 19.09 3.30 0.55
Insolation Energy Ltd 279.37 10.68 159.29 159.29 20.19 6.01 25.38 6.70 1.28
Veer Energy & Infrastructure Ltd 6.43 0.05 65.99 65.99 0.08 0.02 42.56 0.08 0.00
V-Guard Industries Ltd 4,126.04 189.11 2,906.93 2,906.93 11.76 4.35 37.20 6.50 0.26

Book Running Managers

  • Fast Track Finsec Pvt Ltd

Registrar & Transfer Agent

Skyline Financial Services Pvt

D-153/A 1st Flr,
Okhla Industrial Are,
Phase-I - New Delhi-110020
Phone : 91-11-26812682 Fax: 91-11-30857562

Company Contact Information

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

Offer Related Information

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... More

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