Fixed Price IPO | ₹35 Cr | Listed at BSE, NSE | Mon, Jan 30, 2006 - Fri, Feb 3, 2006
Sunil Hitech Engineers IPO is a fixed issue price of ₹34.75 crores. The issue is entirely a fresh issue of 0.35 crore shares of ₹34.75 crore.
Sunil Hitech Engineers IPO bidding started from Jan 30, 2006 and ended on Feb 3, 2006. The shares got listed on the NSE and the BSE on Mar 2, 2006.
Sunil Hitech Engineers IPO is set final issue price at ₹100 per share.
Centrum Capital Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Sunil Hitech Engineers IPO DRHP for detailed Information.
IPO Open
Mon, Jan 30, 2006
IPO Close
Fri, Feb 3, 2006
Issue Price
₹100 per share
Market Cap (Pre-IPO)
₹100.25 Cr
| IPO Date | 30 Jan to 3 Feb, 2006 |
| Listed on | Thu, Mar 2, 2006 |
| Face Value | ₹10 per share |
| Issue Price | ₹100 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 34,75,160 shares (agg. up to ₹35 Cr) |
| Reserved for MF/Fis | 10,000 shares (agg. up to ₹0.1000 Cr) |
| Fresh Issue | 34,65,160 shares (agg. up to ₹35 Cr) |
| Net Offered to Public | 34,65,160 shares (agg. up to ₹35 Cr) |
| Share Holding Pre Issue | 65,50,000 shares |
| Share Holding Post Issue | 1,00,25,160 shares |
| BSE Script Code / NSE Symbol | 532711 / SUNILHITEC |
| ISIN | INE305H01010 |
Sunil Hitech Engineers IPO comprises a total issue size of 34,65,000 shares. The net offer to the public is 34,55,000 shares, after excluding 10,000 shares allotted on a firm basis. Of the Net offer 17,32,500 (50.00%) allocated to NII 17,32,500 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 17,32,500 | 50.00% | 50.00% |
| Retail Shares Offered | 17,32,500 | 50.00% | 50.00% |
| Firm Reservations | |||
| Mutual Fund Shares Offered | 10,000 | 0.29% | |
| Total Shares Offered | 34,65,000 | 100.00% | 100.00% |
Incorporated in 1998, Sunil Hitech Engineers Ltd specializes in a niche segment involving fabrication, erection, testing, and commissioning of key components in thermal power plants, such as bunkers, electrostatic precipitators (ESPs), boilers, and turbine-generator (TG) sets, serving both public and private sector clients.
In simple terms, the company undertakes complete execution of thermal power plant projects based on client-provided designs. Its responsibilities include supplying labor and materials, constructing and installing the plant, conducting testing, and delivering a fully operational facility. It also provides overhauling and maintenance services to ensure efficient post-installation performance.
With over two decades of experience, the company has built a strong focus and expertise in the growing power sector, positioning itself among a select group of specialized players in this field.
Competitive Strengths:
| Period Ended | 30 Sep 2005 | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|---|
| Assets | 59.06 | 46.65 | 26.18 | 19.87 |
| Total Income | 59.43 | 68.84 | 35.83 | 22.54 |
| Profit After Tax | 2.29 | 2.24 | 0.83 | 0.42 |
| NET Worth | 14.04 | 11.61 | 4.66 | 3.31 |
| Reserves and Surplus | 7.48 | 5.09 | 2.92 | 1.57 |
| Total Borrowing | 19.77 | 25.05 | 6.57 | 3.75 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Long Term incremental Working Capital | 44.55 |
| 2 | Acquisition of Fixed Assets | 9.26 |
| 3 | Foreclosure of Term Debt | 2.84 |
| 4 | Issue related Expenses | 1.88 |
| Total | 58.53 |
| KPI | Mar 31, 2005 |
|---|---|
| RoNW | 19.86% |
| Price to Book Value | 5.62 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.43 | 4.58 |
| P/E (x) | 29.19 | 21.86 |
| Promoter Holding | 93.6% | 61.15% |
| Market Cap | ₹100.25 Cr. |
The Sunil Hitech Engineers IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 8.59 | 34,65,000 | 2,97,68,400 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager’s Fees & Brokerage | 0.65 |
| 2 | Advertising & Marketing Expenses | 0.30 |
| 3 | Printing & Stationery/Despatch | 0.25 |
| 4 | Brokerage and Selling Commission | 0.53 |
| 5 | Other Expenses (listing fees, Depository charges etc.) | 0.15 |
| Total | 1.88 |
| Price Details | NSE |
|---|---|
| Final Issue Price | ₹100.00 |
| Open | ₹110.00 |
| Low | ₹110.00 |
| High | ₹176.90 |
| Last Trade | ₹157.20 |
Lead Manager Reports
Sunil Hitech Engineers IPO is a main-board IPO of 34,75,160 equity shares of the face value of ₹10 aggregating up to ₹35 Crores. The issue is priced at ₹100 per share. The minimum order quantity is .
The IPO opens on Mon, Jan 30, 2006, and closes on Fri, Feb 3, 2006.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Sunil Hitech Engineers IPO using UPI as a payment gateway. Zerodha customers can apply in Sunil Hitech Engineers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sunil Hitech Engineers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sunil Hitech Engineers IPO opens on Mon, Jan 30, 2006 and closes on Fri, Feb 3, 2006.
Sunil Hitech Engineers IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Sunil Hitech Engineers 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 Sunil Hitech Engineers IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Sunil Hitech Engineers IPO allotment status.
The Sunil Hitech Engineers IPO listing date is on Thu, Mar 2, 2006.
