Sunlite Recycling Industries IPO
Open SmeCurrent GMP
₹79 (+75.24%)
Price Band
₹ 100 – 105
Lot Size
1200
Issue Size
₹30.24 Cr
Minimum Investment
₹252000 (2400 Shares)
Listing Date
20 August 2024
Subscription
-
About the Company
Founded in 2012, Sunlite Recycling Industries is engaged in manufacturing copper rods & wires, copper earthing wires, copper earthing strips, copper conductors, copper wire bars, etc. through recycling of copper scrap, which has electrical and mechanical properties suitable for applications in power generation, transmission, distribution, and electronic industries. The company also provides job work services for the processing of various copper products as per customers’ requirements. The company’s manufacturing unit is situated in Kheda, Gujarat, India, and has 20 machines to manufacture a wide range of copper products.
Promoters
Sunlite Recycling Industries Limited Promoters
- Nitin Kumar Heda
- Prahladrai Ramdayal Heda
- Khushboo Manishkumar Heda
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
73.53%
Objects of the Issue
The funds raised from the issue will be allocated for the following purposes:
1. Funding capital expenditure for the installation of new plant and machinery.
2. Repaying and/or pre-paying, in full or part, certain borrowings availed by the company.
3. General corporate purposes.
Address / Contact Info
Sunlite Recycling Industries Limited
Survey No. 270A & Plot No. 1,
Survey No. 267, Chhatha Mile,
Dantali, Vaso, Kheda - 387350
Phone: +91-9265111757
Email: cs@sunliteindustries.com
Website: http://www.sunliteindustries.com
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Monday, 12 August 2024
IPO Close Date
Wednesday, 14 August 2024
Basis of Allotment
Friday, 16 August 2024
Initiation of Refunds
Monday, 19 August 2024
Credit of Shares to Demat
Monday, 19 August 2024
Listing Date
Tuesday, 20 August 2024 — NSE & BSE
Important Dates
Open Date
12 August 2024
Close Date
14 August 2024
Basis Of Allotment
16 August 2024
Listing Date
20 August 2024
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 6321.24 | 7162.56 | 4802.05 | 3743.2 |
| Revenue | 116655.09 | 115039.91 | 93791.8 | 39400.84 |
| Profit After Tax | 890.36 | 560.27 | 426.03 | 252.55 |
| Net Worth | 2003.9 | 362.08 | 1158.58 | 622.18 |
| Reserve & Surplus | 1203.9 | 312.08 | 0 | 0 |
| Total Borrowings | 3491.74 | 4646.82 | 2532.38 | 1711.39 |
EPS Pre
11.13%
EPS Post
8.18%
P/E Pre
9.43
P/E (Post Issue)
12.83x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI Information |
|---|---|
| ROE % | 75.26 |
| ROCE % | 29.49 |
| Debt / Equity | 1.74 |
| RoNW % | 44.43 |
| PbW | 2.41 |
| Pat Margin % | 0.76 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 818400 | 28.42 | 0 |
| Market Maker | 148800 | 5.17 | 0 |
| Qualified Institutions | 546000 | 18.96 | 0 |
| Non-Institutional | 410400 | 14.25 | 0 |
| Retail Investors | 956400 | 33.21 | 0 |
| Total | 2880000 | 100 | 0 |
Subscription Status ( Wed, 14 Aug 24 12:00 AM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 546000 | 59544000 | 109.05x |
| Non-Institutional | 410400 | 239713200 | 584.1x |
| Retail Investors | 956400 | 241012800 | 252x |
| Total | 1912800 | 540270000 | 282.45x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | 126,000.00 |
| Retail (Max) | 1 | 1,200 | 126,000.00 |
| S-HNI (Min) | 2 | 2,400 | 252,000.00 |
Registrar
Cameo Corporate Services Limited
044 - 2846 0390/91/92/93/94/95
cameo@cameoindia.com
https://cameoindia.com
Book Running Lead Managers
- Hem Securities Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Sunlite Recycling Industries IPO is a Book-building IPO worth ₹30.24 crores. The price band is ₹100 to 105 per share. The IPO opens on Mon, Aug 12, 2024 and closes on Wed, Aug 14, 2024. It will be listed on BSE and NSE. Cameo Corporate Services Limited is the registrar.
The Sunlite Recycling Industries IPO opens on Mon, Aug 12, 2024 and closes on Wed, Aug 14, 2024
Sunlite Recycling Industries IPO Price Band is ₹100 to 105.
Sunlite Recycling Industries IPO lot size is 1200, and the minimum amount required for application is ₹252000.
The minimum investment for Sunlite Recycling Industries IPO is approximately ₹252000 based on the upper price band.
To apply for the Sunlite Recycling Industries IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Wed, Aug 14, 2024. After submission, funds are blocked until the basis of allotment of Sunlite Recycling Industries IPO is finalised.
Sunlite Recycling Industries IPO issue size is ₹30.24 crores.
Sunlite Recycling Industries IPO allotment date is Sat, Jun 27, 2026.
The registrar for Sunlite Recycling Industries IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited website for IPO allotment status, refund processing, and other queries related to Sunlite Recycling Industries IPO through their official website or helpline.
The Sunlite Recycling Industries IPO GMP (Grey Market Premium) is ₹79 as of Tue, Aug 20, 2024. Based on the upper price band of ₹105 per share, the estimated Sunlite Recycling Industries IPO listing price is ₹184, indicating a potential listing gain of approximately 31% over the issue price.