Sungarner Energies SME IPO: The initial public offering (IPO) of Sungarner Energies SME is open to the public since August 21 (Monday). Those willing to subscribe to the IPO can do it by today (August 23) by 5 PM. The IPO was subscribed 43.59 times as on 11:18:00 AM, August 23, 2023. 

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

The date for the basis of allotment is August 28, while the refunds will be initiated on August 29.

The IPO is scheduled to be listed on August 31.

In the fixed-price issue IPO, a total of 640,000 shares are up for grabs at a price of Rs 83.

With a lot size of 1600, the minimum investment required is Rs. 132,800.

For high-net-worth individuals, the minimum investment is Rs 265,600.       

ZeeBiz gives you some important information about Sungarner Energies SME IPO 

Sungarner Energies SME IPO Open Date

The opening date for the IPO was August 21, 2023.  

Sungarner Energies SME IPO Close Date

The closing date for the IPO is August 23, 2023.

Sungarner Energies SME IPO Basis of Allotment

The date for the basis of allotment of the IPO is August 28, 2023.

Sungarner Energies SME IPO Initiation of Refunds

The initiation of the refunds is scheduled for August 29, 2023.

Sungarner Energies SME IPO Credit of Shares to Demat

The credit of shares to the demat accounts of people who are subscribing to the IPO will be done on August 30.

Sungarner Energies SME IPO Listing Date

The listing of the shares on the bourses is scheduled for August 31.

Sungarner Energies SME IPO Price Range

It's a fixed-price issue IPO at a range of Rs 83.

Sungarner Energies SME IPO Issue Size

The issue size of the IPO is 640,000 shares (aggregating up to 5.31 crore).

Sungarner Energies SME IPO Lot Size

The lot size for the IPO is 1600 shares.

Sungarner Energies SME IPO Minimum Required Investment

The minimum required investment is Rs. 132,800.

Sungarner Energies SME IPO Subscription Status

The IPO has been subscribed 43.59 times by August 23, 2023. 

On Day 1 (August 21) of the subscription, non institutional buyers subscribed the IPO 1.48 times, while retail investors subscribed it 3.85 times.
On Day 2 (August 22), the non institutional buyers subscribed it 8.799 times, while the retail ones 43.88 times.
On Day 3 (August 23), the non institutional buyers have subscribed it 17.85 times, while retail investors have subscribed it 70.32 times by 11:18 AM.