Sunlite Recycling Industries Limited IPO
NSE SMEListed On: Aug 20, 2024 at ₹ 199.5
₹ 252000 /2400 Shares
*Min Investment
12 Aug, 2024
Open Date14 Aug, 2024
Close Date16 Aug, 2024
Allotment Date20 Aug, 2024
Listing DateSunlite Recycling Industries IPO Issue Details
- Issue Price ₹100-105 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 28,80,000 shares(aggregating up to ₹30.24 crore)
- Fresh Share 28,80,000 shares(aggregating up to ₹30.24 crore)
- Listing at NSE SME
- List Price 199.5
- Listing Date 2024-08-20
- Lead Manager Hem Securities Limited
- Registrar Cameo Corporate Services 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 offers total 2,880,000 shares. Out of which 546,000 (18.96%) allocated to QIB, 410,400 (14.25%) allocated to NII,956,400 (33.21%) allocated to RII, NA (NA%) allocated to employees and 818,400 (28.42%) allocated to 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 Details
Sunlite Recycling Industries Limited IPO is an SME IPO, priced at ₹100-105 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 28,80,000 equity shares, aggregating up to ₹30.24 crores..
The IPO bidding window is open from Aug 12, 2024 to Aug 14, 2024. The allotment is expected to be finalized on Aug 16, 2024, and the tentative listing date is Aug 20, 2024.
The minimum lot size for Retail investors is 1200 shares, with a minimum investment of ₹1,26,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,52,000.
Hem Securities Limited is acting as the lead manager to the issue. The registrar of the IPO is Cameo Corporate Services Limited, and Hem Finlease Private Limited will act as the market maker for this issue.
Sunlite Recycling Industries IPO Subscription Analysis And Details
| 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
Sunlite Recycling Industries Company Financials
| 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 |
About Sunlite Recycling Industries Company
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
Pre Issue Share Holding : 100%
Post Issue Share Holding : 73.53%
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 Details
Sunlite Recycling Industries
Survey No. 270A & Plot No. 1, Survey No. 267, Chhatha Mile, Dantali, Vaso, Kheda - 387350
+91-9265111757
Registrar Contact Details
Sunlite Recycling Industries IPO - FAQs
Ans. Sunlite Recycling Industries Limited IPO is a SME IPO. The issue is priced at ₹100-105 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Aug 12, 2024, and closes on Aug 14, 2024. Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Sunlite Recycling Industries Limited IPO opens on Aug 12, 2024 and closes on Aug 14, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Sunlite Recycling Industries Limited IPO is 2,880,000 shares(aggregating up to ₹30.24 Cr).
Ans. The Sunlite Recycling Industries Limited IPO price band is set between ₹100-105 per equity share.
Ans. To apply for Sunlite Recycling Industries Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Sunlite Recycling Industries Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Sunlite Recycling Industries Limited IPO is Aug 16, 2024.
Ans. The Sunlite Recycling Industries Limited IPO will be listed on Aug 20, 2024.
Ans. Follow the steps to check the Sunlite Recycling Industries Limited IPO allotment status online.
