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Sunlite Recycling Industries IPO is a book build issue of ₹30.24 crores. The issue is entirely a fresh issue of 0.29 crore shares of ₹30.24 crore.
Sunlite Recycling Industries IPO bidding started from Aug 12, 2024 and ended on Aug 14, 2024. The allotment for Sunlite Recycling Industries IPO was finalized on Aug 16, 2024. The shares got listed on NSE SME on Aug 20, 2024.
Sunlite Recycling Industries IPO price band is set at ₹105.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,20,000 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,52,000.
Hem Securities Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The market maker of the company is Hem Finlease Pvt.Ltd..
Refer to Sunlite Recycling Industries IPO RHP for detailed Information.
| IPO Date | August 12, 2024 to August 14, 2024 |
| Listing Date | August 20, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹100 to ₹105 per share |
| Issue Price Final | ₹105 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 28,80,000 shares (aggregating up to ₹30.24 Cr) |
| Reserved for Market Maker | 1,48,800 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹1.56 Cr) |
| Net Offered to Public | 27,31,200 shares (aggregating up to ₹28.68 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 80,00,000 shares |
| Share Holding Post Issue | 1,08,80,000 shares |
Sunlite Recycling Industries IPO offers total 28,80,000 shares. Out of which 13,64,400 (47.38%) allocated to QIB, 5,46,000 (18.96%) allocated to QIB, 4,10,400 (14.25%) allocated to NII, 9,56,400 (33.21%) allocated to RII and 8,18,400 (28.42%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,48,800 (5.17%) |
| QIB Shares Offered | 13,64,400 (47.38%) |
| − Anchor Investor Shares Offered | 8,18,400 (28.42%) |
| − QIB (Ex. Anchor) Shares Offered | 5,46,000 (18.96%) |
| NII (HNI) Shares Offered | 4,10,400 (14.25%) |
| Retail Shares Offered | 9,56,400 (33.21%) |
| Total Shares Offered | 28,80,000 (100.00%) |
Sunlite Recycling Industries IPO raises ₹8.59 crore from anchor investors. Sunlite Recycling Industries IPO Anchor bid date is August 9, 2024. Sunlite Recycling Industries IPO Anchor Investors list
| Bid Date | August 9, 2024 |
| Shares Offered | 8,18,400 |
| Anchor Portion Size (In Cr.) | 8.59 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 15, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | November 14, 2024 |
Sunlite Recycling Industries IPO opens on August 12, 2024, and closes on August 14, 2024.
| IPO Open Date | Mon, Aug 12, 2024 |
| IPO Close Date | Wed, Aug 14, 2024 |
| Tentative Allotment | Fri, Aug 16, 2024 |
| Initiation of Refunds | Mon, Aug 19, 2024 |
| Credit of Shares to Demat | Mon, Aug 19, 2024 |
| Tentative Listing Date | Tue, Aug 20, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Aug 14, 2024 |
Investors can bid for a minimum of 1,200 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 | 1,200 | ₹1,26,000 |
| Retail (Max) | 1 | 1,200 | ₹1,26,000 |
| HNI (Min) | 2 | 2,400 | ₹2,52,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Sunlite Recycling Industries Limited was established in 2012 and manufactures copper rods and wires, copper earthing wires, copper earthing strips, copper conductors, copper wire rods etc. by recycling copper scrap for power generation, transmission, distribution and electronics industries.
The company's product portfolio offers a diversified product range that includes a variety of grades, thicknesses, widths and standards in all types of copper products according to customer specifications.
Sunlite Recycling Industries currently has a registered office and manufacturing facility in Kheda, Gujarat, with a total area of approximately 12,152 square metres and over 20 machines for manufacturing a wide range of copper products.
The company recorded a total revenue from operations of Rs. 85,168.31 lacs and employed 38 people as on March 31, 2024.
Sunlite Recycling Industries Limited's revenue increased by 1.4% and profit after tax (PAT) rose by 58.92% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 6,321.24 | 7,162.56 | 4,802.05 | 3,743.20 |
| Total Income | 116,655.09 | 115,039.91 | 93,791.80 | 39,400.84 |
| Profit After Tax | 890.36 | 560.27 | 426.03 | 252.55 |
| Net Worth | 2,003.90 | 362.08 | 1,158.58 | 622.18 |
| Reserves and Surplus | 1,203.90 | 312.08 | ||
| Total Borrowing | 3,491.74 | 4,646.82 | 2,532.38 | 1,711.39 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Sunlite Recycling Industries IPO is ₹114.24 Cr.
| KPI | Values |
|---|---|
| ROE | 75.26% |
| ROCE | 29.49% |
| Debt/Equity | 1.74 |
| RoNW | 44.43% |
| PAT Margin | 0.76% |
| Price to Book Value | 2.41 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 11.13 | 8.18 |
| P/E (x) | 9.43 | 12.83 |
The company intends to utilize the proceeds of the Issue to meet the following objectives:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. It marked growth in its top and bottom lines for the reported periods. Based on FY24 earnings, the issue appears relatively fully priced. Considering its scale of operations, investors may park funds for the long term. Read detail review...
| Listing Date | August 20, 2024 |
| BSE Script Code | |
| NSE Symbol | SUNLITE |
| ISIN | INE0U2N01013 |
| Final Issue Price | ₹105 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹105.00 |
| Open | ₹199.50 |
| Low | ₹199.50 |
| High | ₹209.45 |
| Last Trade | ₹209.45 |
Sunlite Recycling Industries Ltd.
Survey No. 270A & Plot No. 1,
Survey No. 267, Chhatha Mile,
Dantali, Vaso
Kheda, Gujarat, 387350
Phone: +91-9265111757
Email: cs@sunliteindustries.com
Website: http://www.sunliteindustries.com/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
Sunlite Recycling Industries IPO is a SME IPO of 28,80,000 equity shares of the face value of ₹10 aggregating up to ₹30.24 Crores. The issue is priced at ₹105 per share. The minimum order quantity is 1200.
The IPO opens on August 12, 2024, and closes on August 14, 2024.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Sunlite Recycling Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Sunlite Recycling Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sunlite Recycling Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sunlite Recycling Industries IPO opens on August 12, 2024 and closes on August 14, 2024.
Sunlite Recycling Industries IPO lot size is 1200, and the minimum amount required for application is ₹1,26,000.
You can apply in Sunlite Recycling Industries 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 Sunlite Recycling Industries IPO will be done on Friday, August 16, 2024, and the allotted shares will be credited to your demat account by Monday, August 19, 2024. Check the Sunlite Recycling Industries IPO allotment status.
The Sunlite Recycling Industries IPO listing date is on Tuesday, August 20, 2024.
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