Bookbuilding IPO | ₹[.] Cr | Listing at NSE SME |
Sunrays Engineers Ltd. has withdrawn its Initial Public Offer (IPO) documents filed with the exchange on April 6, 2026.
Sunrays Engineers Ltd. IPO was a Book Build Issue consisting solely of fresh issue of upto 0.33 crore equity shares.
The equity shares were proposed to be listed on the NSE SME. Share India Capital Services Pvt.Ltd. was the book running lead manager and Skyline Financial Services Pvt.Ltd. was the registrar of the issue.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 32,64,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 32,64,000 shares (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 90,93,600 shares |
| Share Holding Post Issue | 1,23,57,600 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Sat, Feb 14, 2026 |
| Offer document withdrawn | Mon, Apr 6, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
Incorporated in 2005, Sunrays Engineers Limited is engaged in the manufacturing of customized aluminium high-pressure die-cast (HPDC) components for automotive and non-automotive applications.
The company has nearly two decades of experience in producing precision aluminium components based on technical drawings, specifications, and performance requirements provided by customers, including original equipment manufacturers (OEMs).
Its automotive product portfolio includes vacuum brake parts, air suction valves for two-wheelers, oil filters, gear shift components, and other engine parts for four-wheelers. In the non-automotive segment, the company manufactures engine and genset components, street light and outdoor lighting heat sinks, and other engineering products.
As of the date of the DRHP, the company operates two manufacturing facilities and one warehouse, all located at Sector-8, IMT Manesar, Gurugram, Haryana.
As on December 31, 2025, the company had a total employee strength of 102.
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 58.31 | 50.22 | 46.97 | 39.13 |
| Total Income | 61.30 | 90.53 | 67.30 | 60.23 |
| Profit After Tax | 4.55 | 4.74 | 2.14 | 2.32 |
| EBITDA | 8.40 | 10.56 | 6.18 | 3.78 |
| NET Worth | 18.82 | 14.42 | 9.69 | 7.55 |
| Reserves and Surplus | 18.31 | 13.85 | 9.11 | 6.97 |
| Total Borrowing | 17.63 | 24.11 | 24.27 | 19.89 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital expenditure for purchase and installation of Machines and ERP Systems. | 8.82 |
| 2 | To meet working capital requirements. | 11.00 |
| 3 | Repayment/ pre-payment, in full or in part, of certain outstanding borrowings availed by the Company. | 1.25 |
| 4 | General Corporate Purposes. | |
| Total | 21.07 |
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 27.36% | 39.29% |
| ROCE | 24.56% | 32.29% |
| Debt/Equity | 0.94 | 1.67 |
| RoNW | 27.36% | 39.29% |
| PAT Margin | 7.42% | 5.23% |
| EBITDA Margin | 13.72% | 11.69% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.21 | 7.36 |
| Promoter Holding | 99.99% |
Lead Manager Reports
Sunrays Engineers IPO is a SME IPO of 32,64,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Sunrays Engineers IPO open and close dates are not available as of now.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Sunrays Engineers IPO using UPI as a payment gateway. Zerodha customers can apply in Sunrays Engineers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sunrays Engineers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sunrays Engineers IPO dates are not announced. Please check back again after some time.
Sunrays Engineers IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Sunrays 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 Sunrays Engineers IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Sunrays Engineers IPO allotment status.
The Sunrays Engineers IPO listing date is not yet announced. The tentative date of listing is .
