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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 ₹23.00 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). The minimum lot size investment for 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 Date | September 27, 2018 to October 8, 2018 |
| Listing Date | October 16, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹23 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 43,98,000 shares (aggregating up to ₹10.12 Cr) |
| Reserved for Market Maker | 3,66,000 shares NNM Securities Pvt.Ltd. (aggregating up to ₹0.8418 Cr) |
| Net Offered to Public | 40,32,000 shares (aggregating up to ₹9.27 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 53,00,000 shares |
| Share Holding Post Issue | 96,98,000 shares |
Sun Retail IPO offers total 43,98,000 shares. Out of which 20,16,000 (45.84%) allocated to NII, 20,16,000 (45.84%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,66,000 (8.32%) |
| NII (HNI) Shares Offered | 20,16,000 (45.84%) |
| Retail Shares Offered | 20,16,000 (45.84%) |
| Total Shares Offered | 43,98,000 (100.00%) |
Sun Retail IPO opens on September 27, 2018, and closes on October 8, 2018.
| IPO Open Date | Thu, Sep 27, 2018 |
| IPO Close Date | Mon, Oct 8, 2018 |
| Tentative Listing Date | Tue, Oct 16, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Oct 8, 2018 |
Investors can bid for a minimum of 6,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 05-Jan-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | |
| Total Assets | 3,749.25 | 1,091.71 | 577.91 | 603.14 | 1,367.32 | 776.27 |
| Total Revenue | 4,470.37 | 6,805.58 | 2,563.07 | 2,309.64 | 1,664.21 | 1,956.37 |
| Profit After Tax | 9.66 | 18.75 | 3.59 | 0.97 | 0.03 | 1.82 |
The Company Sun Retail IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Incremental Working capital requirements | 7.09 |
| 2 | General Corporate Purpose | 2.43 |
| 3 | Public Issue Expenses | 0.60 |
[Dilip Davda] <p>Considering exorbitant pricing, there is no harm in giving this issue a miss.</p> Read detail review...
| Listing Date | October 16, 2018 |
| BSE Script Code | 542025 |
| NSE Symbol | |
| ISIN | INE206Z01012 |
| Final Issue Price | ₹23 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹23.00 |
| Open | ₹36.00 |
| Low | ₹36.00 |
| High | ₹37.80 |
| Last Trade | ₹37.80 |
Sun Retail Ltd.
213/214,
Phase-II GIDC
Naroda, Ahmedabad
Naroda, Gujarat, 382330
Phone: 079- 22843366
Email: sun_retail@yahoo.com
Website: http://www.dhartisingtel.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Sun Retail IPO is a SME IPO of 43,98,000 equity shares of the face value of ₹10 aggregating up to ₹10.12 Crores. The issue is priced at ₹23 per share. The minimum order quantity is 6000.
The IPO opens on September 27, 2018, and closes on October 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 September 27, 2018 and closes on October 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 Tuesday, October 16, 2018.
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