Sungarner Energies Limited Rights Issue: Important Details Know Before Applying

Sungarner Energies Limited came up with the rights issue. The company reported the rights issue, which is worth of Rs 31 Crores of Equity shares. The issue price will be declared soon. Whereas the opening and closing dates for the subscription for the is not yet announced. Meanwhile, the face value is reported at Rs 10 per share. The record date and last date of the right issue is also not yet announced, expected to be declared soon.

About Sungarner Energies Limited

Sungarner Energies Limited, established in 2015, specializes in manufacturing Solar Inverters, Online UPS Systems, EV Chargers, and Lead Acid Batteries. The company Initially focused on Design Engineering and Solar EPC services. The firm has diversified into manufacturing Power Electronics and Energy Storage Products, offering lead-acid batteries ranging from 12 Volts 40 ampere-hours to 12 volts 300 ampere-hours. With plans for full-scale manufacturing of EV vehicles underway after obtaining a WMI code, Sungarner Energies targets clients primarily in Haryana, UP, Bihar, Rajasthan, and Assam, supported by six service centres across India and aims to expand further with 500 Franchisees by 2025. In the past two years, Sungarner has ventured into product exports, reaching markets in Nigeria, Lebanon, Nepal, Dubai, and Bhutan.

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Financial Performance of Sungarner Energies Limited (Amt in Rs Crore)

In the period ended on March 31st, 2023, the company's assets amounted to Rs 10.15 Crore, indicating a significant increase of approximately 89.55% from the previous year's Rs 5.36 Crore. We can see a substantial growth in Revenue also reaching Rs 17.65 Crore, reflecting a remarkable rise of about 121.05% compared to the prior year's Rs 7.98 Crore.  

Important Dates for Sungarner Energies Rights Issue

Timetable of Sungarner Energies Rights Issue

How do I apply for the Sungarner Energies Rights Issue?

Once the company’s rights Issue application is open for subscription, you can click here to apply with Bigul.

How do you check the allotment status of the Sungarner Energies Rights Issue?

The registrar for this right issue has not yet been announced. Investors can check the allotment status once the company announces the registrar.

FAQs

1. What are the important dates for Sungarner Energies' right issue?

The important dates include opening & closing, and the record date of the right issue has not yet been announced.

2. What are the recent financial updates of Sungarner Energies Limited?

In the period ended on March 31st, 2023, the company's assets amounted to Rs 10.15 Crore, indicating a significant increase of approximately 89.55% from the previous year's Rs 5.36 Crore. Revenue also saw substantial growth, reaching Rs 17.65 Crore, reflecting a remarkable rise of about 121.05% compared to the prior year's Rs 7.98 Crore.

3. How can I apply for the Sungarner Energies Rights Issue?

You can apply for the Sungarner Energies Rights Issue right issue by visiting here.

4. How can I check the allotment status of the Sungarner Energies Issue?

The registrar for this right issue has not yet been announced. Investors can check the allotment status once the company announces the registrar.

5. From where can I get the Letter of Offer for this Rights Issue?

You can download the Letter of Offer by visiting here.

6. Where will the Sungarner Energies Right Issue be listed?

The Rights Issue will be listed on the National Stock Exchange (NSE).

7. What is the entitlement ratio for the Sungarner Energies Limited Right Issue?

The entitlement ratio is set at 1 Rights Equity Shares for every 2 fully paid-up equity shares held on the record date.

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