Sungarner Energies SME IPO hits Street: Check out issue price, lot size, listing date, other important details

Sungarner Energies SME IPO: Sungarner Energies’ IPO, worth an estimated Rs 5.3 crore, hit Dalal Street on Monday, August 21. The initial share sale of Sungarner Energies, a manufacturer of solar inverters, online UPS systems, EV chargers and lead acid batteries, is a fixed-price SME IPO comprising fresh issuance of 6.4 lakh shares.

Here are some of the key things to know about the Sungarner Energies SME IPO:

Important dates:

The IPO, which opened for subscription on August 21, will close on August 23, and will be open from 10 am to 5 pm during the three-trading period. The basis of the allotment of shares under the SME IPO is likely to be finalised on August 28.

Successful bidders will likely get shares credited into their demat accounts on August 30, whereas other participants will have refunds initiated the previous day (August 29). Sungarner Energies shares are likely to be listed on stock exchange NSE’s SME platform on August 31.

Sungarner Energies IPO issue price

Under the IPO, potential investors will be able to apply for Sungarner Energies equity at a price Rs 83 per share in multiples of 1,600, translating to Rs 1,32,800 per lot.

Sungarner Energies IPO: Registrar

Skyline Financial Services is the registrar of the Sungarner Energies IPO.

What does Sungarner Energies do?

Sungarner Energies is a manufacturer of power products and solar solutions. The company has executed more than 100 large solar grid-tied projects ranging from 50kWP to 2MWP in the country and abroad. Sungarner inverters have been supplied in 26 states in the country, from Leh to Tamil Nadu, in a span of six years.y

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