Bookbuilding IPO | ₹30 Cr | Listed at NSE SME | Mon, Aug 12, 2024 - Wed, Aug 14, 2024
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 per share. The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,26,000 (1200 shares) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Aug 12, 2024
IPO Close
Wed, Aug 14, 2024
Issue Price
₹105 per share
Market Cap (Pre-IPO)
₹114.24 Cr
| IPO Date | 12 to 14 Aug, 2024 |
| Listed on | Tue, Aug 20, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹100 to ₹105 |
| Issue Price | ₹105 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 28,80,000 shares (agg. up to ₹30 Cr) |
| Reserved for Market Maker | 1,48,800 shares Hem Finlease Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 27,31,200 shares (agg. up to ₹29 Cr) |
| Net Offered to Public | 27,31,200 shares (agg. up to ₹29 Cr) |
| Share Holding Pre Issue | 80,00,000 shares |
| Share Holding Post Issue | 1,08,80,000 shares |
| NSE Symbol | SUNLITE |
| ISIN | INE0U2N01013 |
Sunlite Recycling Industries IPO comprises a total issue size of 28,80,000 shares. The net offer to the public is 27,31,200 shares, after excluding 1,48,800 shares allotted on a firm basis. Of the Net offer 13,64,400 (49.96%) are allocated to QIB, 4,10,400 (15.03%) allocated to NII 9,56,400 (35.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 13,64,400 | 49.96% | 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 | 15.03% | 14.25% |
| Retail Shares Offered | 9,56,400 | 35.02% | 33.21% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,48,800 | 5.17% | |
| Total Shares Offered | 28,80,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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 |
Sunlite Recycling Industries IPO raises ₹8.59 crore from anchor investors. Sunlite Recycling Industries IPO Anchor bid date is August 9, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Aug 9, 2024 |
| Shares Offered | 8,18,400 |
| Anchor Portion (₹ Cr.) | 8.59 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Sep 15, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Nov 14, 2024 |
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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 63.21 | 71.63 | 48.02 | 37.43 |
| Total Income | 1,166.55 | 1,150.40 | 937.92 | 394.01 |
| Profit After Tax | 8.90 | 5.60 | 4.26 | 2.53 |
| NET Worth | 20.04 | 3.62 | 11.59 | 6.22 |
| Reserves and Surplus | 12.04 | 3.12 | ||
| Total Borrowing | 34.92 | 46.47 | 25.32 | 17.11 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure towards installation of new Plant & Machinery | 4.05 |
| 2 | Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company | 15.80 |
| 3 | General Corporate Purpose | 7.26 |
| KPI | |
|---|---|
| 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 (₹) | 11.13 | 8.18 |
| P/E (x) | 9.43 | 12.83 |
| Promoter Holding | 100% | 73.53% |
| Market Cap | ₹114.24 Cr. |
The Sunlite Recycling Industries IPO is subscribed 282.45 times on August 14, 2024 6:19:59 PM (Day 3). The public issue subscribed 252 times in the retail category, 109.05 times in the QIB category, and 584.1 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 109.05 | 5,46,000 | 5,95,44,000 |
| NII* | 584.1 | 4,10,400 | 23,97,13,200 |
| Retail | 252 | 9,56,400 | 24,10,12,800 |
| Total | 282.45 | 19,12,800 | 54,02,70,000 |
Total Application : 2,00,844
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger fees | 0.25 |
| 2 | Fees Payable to Registrar to the Issue | 0.03 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.12 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.12 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.01 |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.02 |
| 7 | Others, if any (Fees payable for Marketing & distribution expenses, Sponsor Bank/Banker(s) to the Issue, Selling Commission, Brokerage, depositories, secretarial, advisors, consultancy, peer review auditors, Processing Fees, Underwriting fees and Miscellaneous Expenses) | 2.59 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹105.00 |
| Open | ₹199.50 |
| Low | ₹199.50 |
| High | ₹209.45 |
| Last Trade | ₹209.45 |
Lead Manager Reports
Sunlite Recycling Industries IPO is a SME IPO of 28,80,000 equity shares of the face value of ₹10 aggregating up to ₹30 Crores. The issue is priced at ₹105 per share. The minimum order quantity is 1200.
The IPO opens on Mon, Aug 12, 2024, and closes on Wed, Aug 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 Mon, Aug 12, 2024 and closes on Wed, Aug 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 Mon, Aug 19, 2024. Check the Sunlite Recycling Industries IPO allotment status.
The Sunlite Recycling Industries IPO listing date is on Tue, Aug 20, 2024.
