Sungarner Energies Ltd. has announced public offering of 640000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 73.00 per share. The gross proceeds of the issue are expected to be Rs 531.20 lakhs.

The company's initial public offer (IPO) will open on 21 August 2023 and is expected to close on 23 August 2023, subject to customary closing conditions.

The IPO includes a fresh Issue of 640000 Equity Shares of the Company at an price of Rs 83.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.

Sungarner Energies Ltd. anticipates using the proceeds of the issue for .

Fast Track Finsec Private Limited as lead manager & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.