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Sunrise Efficient Marketing IPO is a fixed price issue of ₹16.70 crores. The issue is entirely a fresh issue of 0.14 crore shares of ₹16.70 crore.
Sunrise Efficient Marketing IPO bidding started from Mar 30, 2022 and ended on Apr 5, 2022. The allotment for Sunrise Efficient Marketing IPO was finalized on Apr 8, 2022. The shares got listed on BSE SME on Apr 12, 2022.
Sunrise Efficient Marketing IPO price is ₹121.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹1,21,000 (1000 shares). The minimum lot size investment for HNI is 2 lots (2,000 shares), amounting to ₹2,42,000.
Fedex Securities Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Rikhav Securities Ltd..
Refer to Sunrise Efficient Marketing IPO RHP for detailed Information.
| IPO Date | March 30, 2022 to April 5, 2022 |
| Listing Date | April 12, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹121 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 13,80,000 shares (aggregating up to ₹16.70 Cr) |
| Reserved for Market Maker | 78,000 shares Rikhav Securities Ltd. (aggregating up to ₹0.9438 Cr) |
| Net Offered to Public | 13,02,000 shares (aggregating up to ₹15.75 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 36,20,000 shares |
| Share Holding Post Issue | 50,00,000 shares |
Sunrise Efficient Marketing IPO offers total 13,80,000 shares. Out of which 6,51,000 (47.17%) allocated to NII, 6,51,000 (47.17%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 78,000 (5.65%) |
| NII (HNI) Shares Offered | 6,51,000 (47.17%) |
| Retail Shares Offered | 6,51,000 (47.17%) |
| Total Shares Offered | 13,80,000 (100.00%) |
Sunrise Efficient Marketing IPO opens on March 30, 2022, and closes on April 5, 2022.
| IPO Open Date | Wed, Mar 30, 2022 |
| IPO Close Date | Tue, Apr 5, 2022 |
| Tentative Allotment | Fri, Apr 8, 2022 |
| Initiation of Refunds | Mon, Apr 11, 2022 |
| Credit of Shares to Demat | Tue, Apr 12, 2022 |
| Tentative Listing Date | Tue, Apr 12, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Apr 5, 2022 |
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 | ₹1,21,000 |
| Retail (Max) | 1 | 1,000 | ₹1,21,000 |
| HNI (Min) | 2 | 2,000 | ₹2,42,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Sunrise Efficient Marketing Limited engages in the business of trading, distributing, and wholesaling different types of industrial products such as electrical items, electronic items, spare parts, etc. The company distributes Automotive Parts, Gear Boxes, Motors, Pumps, Oils, and FMCG Products. The company follows B2B and B2C business models and is currently an authorized dealer of 138 manufacturers.
The company retails, imports, exports, sells, fabricates, and assembles a wide range of products such as pipes, pipe fittings, sanitation parts, mechanical and engineering items, all types of machined and un-machined castings, industrial valves, and its spares, Oils, lubricants, all types of motors, pumps, generator sets, batteries and all types of electrical, mechanical, electromechanical & electronic items, and spare parts, accessories used for industrial, domestic and agricultural purposes.
In 2011, the company introduced Consumer Goods (FMCG Division) and acted as a distributor for Pepsico, and in 2021 company started selling its own brand Synchro Plus motors.
Competitive Strengths:
| Particulars | For the year/period ended (Rs in Lakhs) | ||||
|---|---|---|---|---|---|
| 30-Sep-21 | 31-Mar-21 | ||||
| Total Assets | 2,279.36 | 1,651.16 | |||
| Total Revenue | 3,006.79 | 2,618.52 | |||
| Profit After Tax | 312.36 | 18.37 | |||
The market capitalization of Sunrise Efficient Marketing IPO is ₹60.50 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 9.7 |
The net proceeds of the Offer are proposed to be utilized in the following manner:
[Dilip Davda] SEML’s financial performance is not in line with the asking price. Its super performance for FY22 with extraordinary margin raises eyebrows and concern over sustainability going forward. There is no harm in skipping this tempting issue. Read detail review...
| Listing Date | April 12, 2022 |
| BSE Script Code | 543515 |
| NSE Symbol | |
| ISIN | INE0KPY01017 |
| Final Issue Price | ₹121 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹121.00 |
| Open | ₹121.25 |
| Low | ₹121.25 |
| High | ₹124.85 |
| Last Trade | ₹124.80 |
Sunrise Efficient Marketing Ltd.
Sub Plot No. 2,
block B,
Akash Bhumi Complex,
Surat, Gujarat, 394221
Phone: +91 99250 43408
Email: lejas@sunriseefficientmarketing.net
Website: https://sunriseefficientmarketing.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: seml.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Sunrise Efficient Marketing IPO is a SME IPO of 13,80,000 equity shares of the face value of ₹10 aggregating up to ₹16.70 Crores. The issue is priced at ₹121 per share. The minimum order quantity is 1000.
The IPO opens on March 30, 2022, and closes on April 5, 2022.
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 Sunrise Efficient Marketing IPO using UPI as a payment gateway. Zerodha customers can apply in Sunrise Efficient Marketing IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sunrise Efficient Marketing IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sunrise Efficient Marketing IPO opens on March 30, 2022 and closes on April 5, 2022.
Sunrise Efficient Marketing IPO lot size is 1000, and the minimum amount required for application is ₹1,21,000.
You can apply in Sunrise Efficient Marketing 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 Sunrise Efficient Marketing IPO will be done on Friday, April 8, 2022, and the allotted shares will be credited to your demat account by Tuesday, April 12, 2022. Check the Sunrise Efficient Marketing IPO allotment status.
The Sunrise Efficient Marketing IPO listing date is on Tuesday, April 12, 2022.
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