Sunlite Recycling Industries Limited IPO
NSE SMEListed On: Aug 20, 2024 at ₹ 199.5
₹ 126000 /1200 Shares
Check Allotment12 Aug, 2024
Open Date14 Aug, 2024
Close Date16 Aug, 2024
Allotment Date20 Aug, 2024
Listing DateIssue Price
₹100-105 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Cameo Corporate Services LimitedList Price
199.5Listing Date
2024-08-20Market Lot
1200 Shares (₹126,000/-)Lead Manager
Hem Securities LimitedIssue Size
2,880,000 shares(aggregating up to ₹30.24 Cr)Retail Portion
35%Subscription
282.53 timesSunlite 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 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
EPS Pre IPO
₹11.13/-EPS Post IPO
₹8.18/-P/E Pre IPO
9.43P/E Post IPO
12.83ROE
75.26%ROCE
29.49%Debt/Equity
1.74RoNW
44.43%PAT Margin
0.76Price to Book Value
2.41Sunlite Recycling Industries Company Financials All values are in ₹ Lakh
| 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 The 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)
Pre Issue Share Holding: 100%
Post Issue Share Holding: 73.53%
- Nitin Kumar Heda
- Prahladrai Ramdayal Heda
- Khushboo Manishkumar Heda
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.
Other Details
Sunlite Recycling Industries
Survey No. 270A & Plot No. 1, Survey No. 267, Chhatha Mile, Dantali, Vaso, Kheda - 387350Cameo Corporate Services Limited
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. The size of Sunlite Recycling Industries Limited IPO is 2,880,000 shares(aggregating up to ₹30.24 Cr).
Ans. The IPO price band is set between ₹100-105 per equity share.
Ans. To apply for Sunlite Recycling Industries Limited IPO 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 allotment status for Sunlite Recycling Industries Limited IPO here.
