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Sunita Tools IPO is a fixed price issue of ₹22.04 crores. The issue is a combination of fresh issue of 0.13 crore shares aggregating to ₹19.14 crores and offer for sale of 0.02 crore shares aggregating to ₹2.90 crores.
Sunita Tools IPO bidding started from Sep 26, 2023 and ended on Oct 3, 2023. The allotment for Sunita Tools IPO was finalized on Oct 4, 2023. The shares got listed on BSE SME on Oct 11, 2023.
Sunita Tools IPO price is ₹145.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹1,45,000 (1000 shares). The minimum lot size investment for HNI is 2 lots (2,000 shares), amounting to ₹2,90,000.
Aryaman Financial Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is SS Corporate Securities Ltd..
Refer to Sunita Tools IPO RHP for detailed Information.
| IPO Date | September 26, 2023 to October 3, 2023 |
| Listing Date | October 11, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹145 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 15,20,000 shares (aggregating up to ₹22.04 Cr) |
| Reserved for Market Maker | 78,000 shares SS Corporate Securities Ltd. (aggregating up to ₹1.13 Cr) |
| Fresh Issue (Ex Market Maker) | 12,42,000 shares (aggregating up to ₹18.01 Cr) |
| Offer for Sale | 2,00,000 shares of ₹10 (aggregating up to ₹2.90 Cr) |
| Net Offered to Public | 14,42,000 shares (aggregating up to ₹20.91 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 43,05,000 shares |
| Share Holding Post Issue | 56,25,000 shares |
Sunita Tools IPO offers total 15,20,000 shares. Out of which 7,21,000 (47.43%) allocated to NII, 7,21,000 (47.43%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 78,000 (5.13%) |
| NII (HNI) Shares Offered | 7,21,000 (47.43%) |
| Retail Shares Offered | 7,21,000 (47.43%) |
| Total Shares Offered | 15,20,000 (100.00%) |
Sunita Tools IPO opens on September 26, 2023, and closes on October 3, 2023.
| IPO Open Date | Tue, Sep 26, 2023 |
| IPO Close Date | Tue, Oct 3, 2023 |
| Tentative Allotment | Wed, Oct 4, 2023 |
| Initiation of Refunds | Thu, Oct 5, 2023 |
| Credit of Shares to Demat | Fri, Oct 6, 2023 |
| Tentative Listing Date | Wed, Oct 11, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Oct 3, 2023 |
Investors can bid for a minimum of 1,000 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 | 1,000 | ₹1,45,000 |
| Retail (Max) | 1 | 1,000 | ₹1,45,000 |
| HNI (Min) | 2 | 2,000 | ₹2,90,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1988, Sunita Tools Limited manufactures mold base and machining parts for Automotive, Pharmaceutical, Electronics, Consumer Goods, and Manufacturing Sectors.
The company manufactures Customized Mould Bases, Precision Finish CNC Machining, Plastic Mould Bases, Pocket Machining, Injection Mould Bases, Precision Component Machining, Mould Bases For Caps and closures, Blow Mould Bases, Standard Mould Bases, Compression Mould bases, Die Casting Mould Bases, Insert Mould Bases, Over mold Bases, and Prototype Mould Bases. The company's products are used as Capital Assets as inputs in the Automotive Industry, Heavy Manufacturing, Industry Plastics Industry, Electrical Industry, and Consumer Goods Industry.
Sunita Tools' manufacturing unit is located in Vasai, Mumbai, with a capacity to produce large dimensional products ranging from 200*200 mm to 4000*2000 mm up to 30 tones in weight.
The company recorded ₹ 666.36 lakhs in Fiscal 2021, ₹ 873.47 lakhs in fiscal 2022, and ₹ 1,384.44 lakhs in Fiscal 2023 in revenue from operations respectively.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 1,351.82 | 1,422.66 | 2,537.71 |
| Total Income | 691.50 | 888.88 | 1,417.33 |
| Profit After Tax | 26.66 | 80.99 | 337.71 |
| Net Worth | -348.02 | -267.02 | 320.69 |
| Reserves and Surplus | -528.52 | -447.52 | -109.81 |
| Total Borrowing | 1,334.63 | 1,249.16 | 1,659.96 |
The market capitalization of Sunita Tools IPO is ₹81.56 Cr.
| KPI | Values |
|---|---|
| ROE | 12.59 |
| ROCE | 0.38 |
| Debt/Equity | 5.17 |
| RoNW | 105.31% |
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. Its performance so far is not in line with the asking price. The issue is aggressively priced discounting all near-term positives. The small equity base post-IPO indicates longer gestation for migration to the mainboard. There is no harm in skipping this pricey issue. Read detail review...
| Listing Date | October 11, 2023 |
| BSE Script Code | 544001 |
| NSE Symbol | |
| ISIN | INE0Q1S01010 |
| Final Issue Price | ₹145 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹145.00 |
| Open | ₹155.00 |
| Low | ₹147.25 |
| High | ₹158.00 |
| Last Trade | ₹147.25 |
Sunita Tools Ltd.
Survey No. 66, Plot No. A,
Valiv, Sativali Road, Vasai East,
Palghar, Thane - 401208
Palghar, Maharashtra
Phone: +91 9136019995
Email: info@sunitatools.com
Website: http://www.sunitatools.com/index.php
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: cpl.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Sunita Tools IPO is a SME IPO of 15,20,000 equity shares of the face value of ₹10 aggregating up to ₹22.04 Crores. The issue is priced at ₹145 per share. The minimum order quantity is 1000.
The IPO opens on September 26, 2023, and closes on October 3, 2023.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Sunita Tools IPO using UPI as a payment gateway. Zerodha customers can apply in Sunita Tools IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sunita Tools IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sunita Tools IPO opens on September 26, 2023 and closes on October 3, 2023.
Sunita Tools IPO lot size is 1000, and the minimum amount required for application is ₹1,45,000.
You can apply in Sunita Tools 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 Sunita Tools IPO will be done on Wednesday, October 4, 2023, and the allotted shares will be credited to your demat account by Friday, October 6, 2023. Check the Sunita Tools IPO allotment status.
The Sunita Tools IPO listing date is on Wednesday, October 11, 2023.
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