Sungarner Energies IPO: Check GMP, subscription status on day 1, other details to know
solar panels. Sungarner Energies Ltd offers its clients engineering, design, and solution-related services. Additionally, the company offers a variety of services, including the operation and maintenance of solar power generation systems and projects involving solar power plants.
Six service centres for Sungarner Energies Ltd are located in India: Delhi, Uttar Pradesh, Haryana, Bihar, Assam, and Bengal. To reach all of India's major districts by the end of 2025, the company is currently in the process of appointing 500 more franchisees to increase its footprint. Additionally, SunGarner began exporting its goods in the previous two years, and it has since done so to Nigeria, Bhutan, Dubai, Nepal, and Lebanon.
Sumit Tiwari and Snigdha Tiwari are the promoters of the company. Sungarner IPO subscription status was 2.68 times on day 1. The issue received positive response from retail investors who's portion set was subscribed 3.85 times, and non-institutional buyers who's portion set was subscribed 1.48 times, according to data on chittorgarh.com.
The company has received bids for 15,60,000 shares against 640,000 shares on offer, according to data on chittorgarh.com. Also Read: Bondada Engineering IPO: Check GMP, subscription status on day 2, other details to know Sungarner Energies IPO GMP today or grey market premium is +17. This indicates that the shares of Sungarner Energies IPO GMP were trading at a premium of ₹17 in the grey market on Monday, according to topsharebrokers.com.
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