Sungarner Energies Limited IPO
i. Sungarner Energies is one of the leading technology and manufacturing company for power conditioning and storage products. The Company leadership team consists of various accomplished professionals either as KMP, directors or employees besides the promoters and who have collective experience of more than 100 years in the field of solar energy.
ii. Sungarner Energies Limited produces lead acid batteries of varying capacities in the range from 12 Volts 40 ampere-hour to 12 volts 300 ampere-hours. Today SunGarner Products are available through its Distributors in To be successful in Lead acid batteries business apart from quality product distribution & Brand recognition is the backbone for growth in revenue. They have already established distribution network in some of the key markets like Haryana, UP, Bihar, Rajasthan, and Assam. SunGarner Today has 6 (six) service Centres in India – Delhi, UP Haryana, Bihar Assam, Bengal. SunGarner is in the process in expanding it’s footprint further by appointing additional 500 Franchisee to cover all major Districts of India by end of 2025. Also, SunGarner has also started exports in last 2 years and has exported its products to Nigeria, Lebanon, Nepal, Dubai and Bhutan.
iii. SunGarner Solar EPC Division has till date commissioned more than 50 (fifty) large Solar Projects in last 8 years. Some of the prestigious projects that we have commissioned are for customers like Interglobe Enterprises, DLF, Jubilant Life Sciences, Eli Lilly, Modi Xerox, V N Dyers and Textiles, The ITC Hotels Delhi, The India Thermit Nagpur, Sarovar Portico Lucknow, Satyam Hospital Ludhiana, Dayawati Modi School Rampur to name a few. Further, we have also forayed into international projects by installing the largest solar power project in Bhutan in 2021.
iv. They are also an integrated solar energy solutions provider offering engineering, procurement and construction (“EPC”) services to their customers. They strive to deliver reliable solar solutions through innovative products, and they achieve this majorly through the specialized high efficiency PV module manufacturing line and comprehensive EPC solutions.
Some of these projects are:
i. Project “India Thermit Corporation LTD” Maharashtra, 50 kwp
ii. Project “Rubessa” Bhutan
iii. Project “Modi Group” Rampur (U.P.)
iv. Project “Palcero International Pvt Ltd” Haryana, 300 KW
v. Project “V N Dyers & Processors” Gorakhpur, 1.2 MW
vi. Project “Applies Solar Technology (Jubliant Site)” Greater Noida, 60kw
i. Experienced Management Team
ii. Quality Assurance and Standards
iii. Cordial Relationships with our Suppliers
iv. Improving operational efficiencies
Objects of the Sungarner Energies Limited IPO:
Sungarner Energies Limited IPO Details:
|Open Date:||Aug 21 2023|
|Close Date:||Aug 23 2023|
|Face Value:||₹ 10 Per Equity Share|
|Issue Size:||5.30 Cr.|
|Lot Size:||1600 Shares|
|Issue Price:||₹ 83 Per Equity Share|
|Listing At:||NSE Emerge|
|Listing Date:||Aug 31 2023|
Promoters And Management:
Financials of Sungarner Energies Limited IPO:
|Particulars (in Lakh)||FY21||FY22||FY23|
|Cost of Material Consumed||331||399||1054|
|Change in Inventory||0||-25||-33|
|Employee Benefit Expenses||108||189||278|