Sungarner Energies Ltd - IPO

Sungarner Energies Ltd IPO Details

Initial public offer of 6,40,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Sungarner Energies Limited (Issuer or the Company) for cash at a price of Rs. 83/- per equity share (Issue Price) (including a share premium of Rs. 73/- per equity share), aggregating to Rs. 5.31 crores (The Issue), out of which, 57,600 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 83/- per equity share aggregating to Rs. 0.48 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. issue of 5,82,400 equity shares of face value of Rs. 10.00/- each at an issue price of Rs. 83/- per equity share aggregating to Rs. 4.83 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 27.60% and 25.12%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and the issue price of Rs. 83/- is 8.3 times of the face value.Bids can be made for a minimum of 1600 equity shares and in multiples of 1600 equity shares thereafter.

Objective of issue

Working Capital Requirement. General Corporate Purposes.

Sungarner Energies Ltd Contact Details

Sungarner Energies Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 91-11-26812682

Fax - 91-11-30857562

Email - legal@sungarner.com, cfo@sungarner.com

Website - www.sungarner.com