ListedSMESEL

Sungarner Energies Limited

Sungarner Energies Limited is an SME IPO raising ₹5 Cr at a fixed price of ₹83 a share. It listed on 31 Aug 2023 and trades at ₹355 today, +327.7% against its issue price of ₹83. The exchanges never published a subscription figure for it.

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₹83

Issue price

₹355

Price now

+327.7%

Since issue price

31 Aug 2023

Listed on

Not publishedSubscription

The exchanges never published a subscription figure for this issue.

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Issue price (fixed)₹83

Cut-off price₹83

Issue size₹5 Cr

Shares per lot1600

Minimum application₹1,32,800

Minimum quantity1600

Face value₹10

Listing exchanges—

ISININE0O3O01017

Bidding hours10:00 – 17:00 IST

Bidding window21 Aug 2023 – 23 Aug 2023

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.