Sungarner Energies Rights Issue 2024

Introduction

Sungarner Energies Rights Issue: Sungarner Energies Limited, established in 2015, is a leading manufacturer in the renewable energy sector, specializing in solar inverters, online UPS systems, EV chargers, and lead-acid batteries.

Over the years, the company has expanded its operations from design engineering and solar EPC services to manufacturing a diverse range of power electronics and energy storage products.

Company Overview

  • Products: Sungarner Energies offers lead-acid batteries with capacities ranging from 12 Volts 40 ampere-hours to 12 volts 300 ampere-hours, along with EV vehicles currently in the prototype stage.
  • Clientele: The company’s primary clientele is situated in states like Haryana, Uttar Pradesh, Bihar, Rajasthan, and Assam, with service centres established across India.
  • Expansion Plans: Sungarner aims to broaden its reach by appointing 500 franchisees to cover all major districts of India by the end of 2025.
  • Export: In the past two years, Sungarner has ventured into exporting its products to countries such as Nigeria, Lebanon, Nepal, Dubai, and Bhutan.

Sungarner Energies Rights Issue 2024 Details

  • Issue Size: ₹31.00 Crores
  • Issue Price: Update Soon
  • Face Value: ₹10 per share
  • Listing: NSE
  • Entitlement: 1 Rights Equity Share for every 2 fully paid-up Equity Shares held on the Record Date

Financial Performance

Sungarner Energies Limited has demonstrated substantial growth in its financial performance:

  • Revenue: Increased by 121.31% between March 31, 2023, and March 31, 2022.
  • Profit After Tax (PAT): Rose by 33.24% during the same period.

KPI

Update Soon

Documents

Contact Information

For further inquiries, please reach out to Sungarner Energies Limited at:

  • Address: 1/5322, S/F, Plot No. 19A, Gali No.13, Balbir Nagar Ext, New Delhi- 110032
  • Phone: +91-9717558008
  • Email: info@sungarner.com
  • Website: Sungarner Energies Limited

Registrar and Lead Managers

Registrar Details

Update Soon

Lead Managers

Update Soon

FAQs

What is Sungarner Energies Limited?

Sungarner Energies Limited is a prominent manufacturer in the renewable energy sector, specializing in solar inverters, online UPS systems, EV chargers, and lead-acid batteries.

What products does Sungarner Energies offer?

Sungarner Energies offers lead-acid batteries with capacities ranging from 12 Volts 40 ampere-hours to 12 volts 300 ampere-hours. Additionally, they are currently in the prototype stage for EV vehicles.

How has Sungarner Energies performed financially?

Sungarner Energies has shown significant growth in its financial performance, with revenue increasing by 121.31% between March 31, 2023, and March 31, 2022. Profit After Tax (PAT) rose by 33.24% during the same period.

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