Fixed Price IPO | ₹10 Cr | Listed at BSE SME | Thu, Sep 27, 2018 - Mon, Oct 8, 2018
Sun Retail IPO is a fixed price issue of ₹10.12 crores. The issue is entirely a fresh issue of 0.44 crore shares of ₹10.12 crore.
Sun Retail IPO bidding started from Sep 27, 2018 and ended on Oct 8, 2018. The shares got listed on BSE SME on Oct 16, 2018.
Sun Retail IPO price is ₹23 per share. The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,38,000 (6000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (12,000 shares), amounting to ₹2,76,000.
Fedex Securities Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is NNM Securities Pvt.Ltd..
Refer to Sun Retail IPO RHP for detailed Information.
IPO Open
Thu, Sep 27, 2018
IPO Close
Mon, Oct 8, 2018
Issue Price
₹23 per share
Market Cap (Pre-IPO)
₹22.31 Cr
| IPO Date | 27 Sep to 8 Oct, 2018 |
| Listed on | Tue, Oct 16, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹23 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 43,98,000 shares (agg. up to ₹10 Cr) |
| Reserved for Market Maker | 3,66,000 shares NNM Securities Pvt.Ltd. (agg. up to ₹0.8418 Cr) |
| Fresh Issue (Ex Market Maker) | 40,32,000 shares (agg. up to ₹9 Cr) |
| Net Offered to Public | 40,32,000 shares (agg. up to ₹9 Cr) |
| Share Holding Pre Issue | 53,00,000 shares |
| Share Holding Post Issue | 96,98,000 shares |
| BSE Script Code | 542025 |
| ISIN | INE206Z01012 |
Sun Retail IPO comprises a total issue size of 43,98,000 shares. The net offer to the public is 40,32,000 shares, after excluding 3,66,000 shares allotted on a firm basis. Of the Net offer 20,16,000 (50.00%) allocated to NII 20,16,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 20,16,000 | 50.00% | 45.84% |
| Retail Shares Offered | 20,16,000 | 50.00% | 45.84% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,66,000 | 8.32% | |
| Total Shares Offered | 43,98,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹1,38,000 |
| Retail (Max) | 1 | 6,000 | ₹1,38,000 |
| HNI (Min) | 2 | 12,000 | ₹2,76,000 |
Incorporated in 2007, Ahmedabad based Sun Retail Limited is a company engaged in the business of trading into refined/filtered edible oils.
The major products of the company include cottonseed oil, groundnut oil, and sunflower oil. It also performs the activity of bulk trading of palmolein oil and soyabean oil. The products are sold under the brand name of ?Dharti and ?Dharti Singtel.
The Company's total revenue ( as restated) was Rs. 6804.62 lakhs, Rs. 2563.07 lakhs and Rs. 2309.64 for in Financial Year 2017, 2016 and 2015 respectively.
The Company's PAT was Rs. 18.75 lakhs, 3.59 lakhs and 0.97 lakhs for Financial Year 2017, 2016 and 2015 respectively.
Till January 05 2018, it had total revenue of Rs.4470.37 lakhs and a profit of Rs 9.66 lakhs.
The company has 10 employees on its payroll.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Incremental Working capital requirements | 7.09 |
| 2 | General Corporate Purpose | 2.43 |
| 3 | Public Issue Expenses | 0.60 |
The Sun Retail IPO is subscribed 1.61 times on October 8, 2018 5:00:00 PM (Day 5). The public issue subscribed 0.85 times in the retail category, [.] times in the QIB category, and 2.36 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| NII* | 2.36 | 20,16,000 | 47,52,000 | |
| Retail | 0.85 | 20,16,000 | 17,22,000 | |
| Total | 1.61 | 40,32,000 | 64,74,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including fees and reimbursements of Market Making Fees, selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, Bankers etc and other out of pocket Expenses. | 0.30 |
| 2 | Printing & Stationery and Postage Expenses | 0.05 |
| 3 | Marketing and Advertisement Expenses | 0.06 |
| 4 | Regulatory fees and other Expenses | 0.09 |
| 5 | Other Miscellaneous Expenses | 0.10 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹23.00 |
| Open | ₹36.00 |
| Low | ₹36.00 |
| High | ₹37.80 |
| Last Trade | ₹37.80 |
Lead Manager Reports
Sun Retail IPO is a SME IPO of 43,98,000 equity shares of the face value of ₹10 aggregating up to ₹10 Crores. The issue is priced at ₹23 per share. The minimum order quantity is 6000.
The IPO opens on Thu, Sep 27, 2018, and closes on Mon, Oct 8, 2018.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Sun Retail IPO using UPI as a payment gateway. Zerodha customers can apply in Sun Retail IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sun Retail IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sun Retail IPO opens on Thu, Sep 27, 2018 and closes on Mon, Oct 8, 2018.
Sun Retail IPO lot size is 6000, and the minimum amount required for application is ₹1,38,000.
You can apply in Sun Retail IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Sun Retail IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Sun Retail IPO allotment status.
The Sun Retail IPO listing date is on Tue, Oct 16, 2018.
