SunGarner Energies Rights Issue is scheduled on
Incorporated in 2015, SunGarner Energies manufactures solar inverters, online UPS systems, EV chargers, and lead-acid batteries. The company is a versatile firm that initially started as a design engineering and solar EPC firm. Over time, it diversified into manufacturing power electronics and energy storage products. Their product range includes lead-acid batteries with varying capacities, ranging from 12 volts 40 ampere-hours to 12 volts 300 ampere-hours.
SunGarner has also obtained a WMI code for manufacturing EV vehicles, which is currently in the prototype stage. The company is awaiting full-scale manufacturing of these vehicles. Additionally, SunGarner has executed more than 100 large solar grid-tied projects ranging from 50 kWp to 2 MWp in India and abroad. SunGarner inverters have been supplied in 26 states of India, from Leh to Tamil Nadu, in 6 years. Internationally, SunGarner is exporting to 7 countries.
SunGarner’s main customer base is located in the states of Haryana, Uttar Pradesh, Bihar, Rajasthan, and Assam. The company operates six service centers across India, situated in Delhi, Uttar Pradesh, Haryana, Bihar, Assam, and West Bengal. Their goal is to broaden their reach by appointing 500 franchisees to cover all major districts of India by the end of 2025.
Promoters of SunGarner Energies –
SunGarner Energies Rights Issue Details
| SunGarner Energies Rights Issue Date | Coming soon |
| SunGarner Energies Rights Issue Price | Coming soon |
| Issue Size (in Shares) | Coming soon |
| Issue Size (in INR) | INR 31.0 crore |
| Issue Entitlement | 1 equity shares for every 2 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| SunGarner Energies Rights Issue Record Date | Coming soon |
| Face Value | INR 10 per share |
| Listing On | NSE |
SunGarner Energies Rights Issue Calculation
| SunGarner Energies Rights Issue Price | INR per share |
| Market Price on Rights Issue Approval | INR per share |
| Dilution Factor (X) | |
| Fair Value After Dilution at Prevailing Price | INR per share |
SunGarner Energies Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 |
| Revenue | 5.31 | 7.94 | 17.32 |
| Expenses | 4.92 | 6.98 | 16.06 |
| Operating Margin (%) | 7.34 | 12.09 | 7.27 |
| Net Income | 0.16 | 0.57 | 0.75 |
| ROCE (%) | 17.65 | 31.69 | 26.40 |
SunGarner Energies Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
SunGarner Energies Rights Offer Documents
SunGarner Energies Rights Issue Dates
| Rights Issue Approval Date | 6 May 2024 |
| Rights Issue Record Date | Coming soon |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | Coming soon |
| Last Date for Market Renunciation | Coming soon |
| Rights Issue Closing Date | Coming soon |
| Finalization of Basis of Allotment | Coming soon |
| Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
SunGarner Energies Rights Offer Lead Manager
Coming soon
SunGarner Energies Rights Offer Registrar
Coming soon
SUNGARNER ENERGIES LIMITED
1/5322, S/F, Plot No. 19A Gali No.13,
Balbir Nagar Ext New Delhi- 110032
Phone:Â +91-9717558008
Email: [email protected]
Website: www.sungarner.com
SunGarner Energies Rights Offer FAQs
What is the SunGarner Energies Rights Issue Price?
The issue price is INR per share.
What is the SunGarner Energies Rights Issue entitlement ratio?
The eligible shareholders are offered 1 Equity Shares for every 2 Equity Shares held on the record date.
What is the SunGarner Energies Rights Issue Record Date?
The Record date is Coming soon.
How to Apply in SunGarner Energies Rights Offer?
The best way to apply in the SunGarner Energies Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.
