Sunlite Recycling Industries IPO
Sunlite Recycling Industries is an NSE SME IPO listed on the NSE SME platform, priced at ₹100–₹105 per share. The stock debuted at ₹199.5, delivering a listing gain of 90.0%. The IPO had a lot size of ₹1200 shares and a minimum investment of ₹1,26,000.
Sunlite Recycling Industries Limited IPO
- IPO Dates
- Aug 12, 2024 – Aug 14, 2024
- Price band
- ₹100-105 per equity share
- Minimum Investment
- ₹1,26,000
- Issue size
- ₹30.24 Cr
- Lot size
- 1200
- Allotment Date
- Aug 16, 2024
- Listing
- Aug 20, 2024
- Listing At
- NSE SME
IPO timeline
-
Aug 12, 2024
Open Date
Completed
-
Aug 14, 2024
Close Date
Completed
-
Aug 16, 2024
Allotment Date
Completed
-
Aug 20, 2024
Listing Date
Completed
Sunlite Recycling Industries IPO Essentials
Sunlite Recycling Industries IPO Details
Sunlite Recycling Industries IPO is priced at ₹100-105 per share with a total issue size of 30.24 crore. The IPO has a lot size of 1200 shares and is listed on NSE SME.
- Issue price
- ₹100-105 per equity share
- Lot size
- 1200 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 2,880,000 shares(aggregating up to ₹30.24 Cr)
- Total issue size
- 28,80,000 shares
(aggregating up to ₹30.24 crore) - Fresh issue
- 28,80,000 shares
(aggregating up to ₹30.24 crore) - Listing at
- NSE SME
- List price
- 199.5
- Listing date
- Registrar
- Cameo Corporate Services Limited
- Lead manager
-
Hem Securities Limited
Market Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1200 | ₹1,26,000 |
| Retail(max) | 1 | 1200 | ₹1,26,000 |
| NII (min) | 2 | 2400 | ₹2,52,000 |
Sunlite Recycling Industries IPO Reservation
Sunlite Recycling Industries IPO reservation details show category-wise allocation of shares. Out of the total 2,880,000 shares, approximately 18.96% are reserved for QIB, 14.25% for NII, 33.21% for retail investors, 5.17% for market maker, and 28.42% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 818,400 (28.42%) | |
| Market Maker Shares Offered | 148,800 (5.17%) | |
| QIB Shares Offered | 546,000 (18.96%) | |
| NII (HNI) Shares Offered | 410,400 (14.25%) | |
| Retail Shares Offered | 956,400 (33.21%) | |
| Total Shares Offered | 2,880,000 (100%) |
Sunlite Recycling Industries IPO Analytics
Sunlite Recycling Industries IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Sunlite Recycling Industries IPO Subscription Status
Sunlite Recycling Industries IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 546,000 / 410,400 | 956,400 | 1,912,800 |
|
Day 1
12-08-24 06:00 PM
|
(2.62 / 8.39) x | 11.67 x | 8.38 x |
|
Day 2
13-08-24 06:00 PM
|
(6.12 / 24.20) x | 40.90 x | 27.39 x |
|
Day 3
14-08-24 06:00 PM
|
(109.05 / 584.46) x | 252.00 x | 282.53 x |
Sunlite Recycling Industries Valuations
Earnings
- EPS Pre IPO
- ₹11.13/-
- EPS Post IPO
- ₹8.18/-
- P/E Pre IPO
- 9.43
- P/E Post IPO
- 12.83
Returns
- ROE
- 75.26%
- ROCE
- 29.49%
- RoNW
- 44.43%
- PAT Margin
- 0.76
Fundamentals
- Debt / Equity
- 1.74
- Price / Book
- 2.41
Sunlite Recycling Industries Financials( In Lakhs)
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 6,321.24 | 7,162.56 | 4,802.05 |
| Revenue | 116,655.09 | 115,039.91 | 93,791.80 |
| Profit After Tax | 890.36 | 560.27 | 426.03 |
| Net Worth | 2,003.90 | 362.08 | 1,158.58 |
| Reserves & Surplus | 1,203.90 | 312.08 | N/A |
| Total Borrowing | 3,491.74 | 4,646.82 | 2,532.38 |
Sunlite Recycling Industries Company & Offer Insights
About Sunlite Recycling Industries
Sunlite Recycling Industries Limited was incorporated in the year 2012 and is manufacturing 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 line encompasses a range of grades, thicknesses, widths and standards for all types of copper products, as per customers' specifications.
Sunlite Recycling Industries has an office and a manufacturing unit registered in Kheda, Gujarat, spread over an area of about 12,152 square meters and possessing more than 20 machines for producing a variety of copper products.
The company realized a total revenue from operation of Rs. 85,168.31 lacs and was employing 38 people as of March 31, 2024.
Sunlite Recycling Industries Promoter(s)
Nitin Kumar Heda, Prahladrai Ramdayal Heda, Khushboo Manishkumar Heda are the company's promoters of Sunlite Recycling Industries.
Sunlite Recycling Industries IPO Issue Objectives
- •
- Funding of capital expenditure towards the installation of new Plant & Machinery.
- •
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by the company.
- •
- General Corporate Purpose.
Sunlite Recycling Industries IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Sunlite Recycling Industries Limited | 19.35 | 19.35 | N/A | 14.99 | 44.43 | N/A | Restated Financial Statement for FY 2022-23 |
| Rajnandini Metal Limited | 0.55 | 0.55 | N/A | 24.71 | 26.94 | N/A | Annual Report FY 2023 |
| Bhagyanagar India Ltd. | 14.29 | 14.29 | N/A | 7.67 | 23.65 | N/A | Annual Report FY 2023 |
Notes:
- The P/E Ratio is based on the current market price of the respective scrips.
- The EPS and RoNW of Sunlite Recycling Industries Limited are taken as per the Restated Financial Statement for the Financial Year 2022-23.
- RoNW has been computed as net profit after tax divided by closing net worth.
Contact Information
Contact Details
Sunlite Recycling Industries
+91-9265111757
http://www.sunliteindustries.com/
Survey No. 270A & Plot No. 1, Survey No. 267, Chhatha Mile, Dantali, Vaso, Kheda - 387350
Registrar Contact Details
Frequently Asked Questions
Click any question to reveal the answer
Sunlite Recycling Industries IPO is a book-built IPO worth ₹30.24 crore. The price band is ₹100–₹105 per share. The IPO opens on Aug 12, 2024 and closes on Aug 14, 2024. It will be listed on NSE SME Platform. Cameo Corporate Services Limited is the registrar.
The price band of Sunlite Recycling Industries IPO is ₹100 to ₹105 per share.
The lot size of Sunlite Recycling Industries IPO is 1200 shares.
The minimum investment for Sunlite Recycling Industries IPO is approximately ₹1,26,000 based on the upper price band .
Sunlite Recycling Industries IPO opens on Aug 12, 2024 and closes on Aug 14, 2024.
The allotment date of Sunlite Recycling Industries IPO is Aug 16, 2024.
Sunlite Recycling Industries IPO is expected to be listed on Aug 20, 2024, on NSE SME Platform.
Sunlite Recycling Industries IPO valuation snapshot: P/E 12.83, EPS ₹8.18/-, P/B 2.41, RoNW 44.43%, and market cap N/A.
To apply for Sunlite Recycling Industries IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Sunlite Recycling Industries IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Sunlite Recycling Industries IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Sunlite Recycling Industries IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Sunlite Recycling Industries IPO allotment status on IPO Ji for quick and easy access.