Sunlite Recycling Industries IPO Details
The Sunlite Recycling Industries IPO is a book build issue with a total issue size of ₹30.24 cr, comprising of fresh issue of 2880000 equity shares. Sunlite Recycling Industries IPO opened for subscription on Aug 12, 2024 and closed on Aug 14, 2024. Sunlite Recycling Industries IPO is set price band at ₹100 to ₹105 per share, with a lot size of 1200 shares. Minimum investment for Retail investors was ₹252,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Aug 16, 2024, and listed on the NSE on Aug 20, 2024.
Cameo Corporate Services Limited has been appointed as the registrar. Hem Securities Limited are the Book Running Lead Manager for the issue.
Before investing in the Sunlite Recycling Industries IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 100 – 105
- Lot Size
- 1200
- Issue Size
- ₹30.24 Cr
- Minimum Investment
- ₹252000 (2400 Shares)
- Listing Date
- 20 August 2024
Current GMP
₹79 (+75.24%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Sunlite Recycling Industries Limited
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.
Sunlite Recycling Industries IPO 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%
Sunlite Recycling Industries IPO Objective
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
Book Running Lead Managers
- Hem Securities Limited
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 with a total issue size of ₹30.24 crore. The Sunlite Recycling Industries IPO price band is ₹100 to 105 per share. The Sunlite Recycling Industries IPO subscription opens on Mon, Aug 12, 2024, and closes on Wed, Aug 14, 2024. The Sunlite Recycling Industries IPO will be listed on the NSE. Cameo Corporate Services Limited is the registrar for the Sunlite Recycling Industries IPO.
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 per share.
Sunlite Recycling Industries IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹252000 based on the upper price band
The minimum investment for Sunlite Recycling Industries IPO is ₹252000, based on one lot of 1200 shares at the upper price band of ₹105 per share.
Investors can apply for the Sunlite Recycling Industries IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Aug 14, 2024. The application amount remains blocked until the Sunlite Recycling Industries IPO allotment is finalized.
Sunlite Recycling Industries IPO issue size is ₹30.24 crores.
Sunlite Recycling Industries IPO allotment date is Wed, Jul 1, 2026.
The registrar for Sunlite Recycling Industries IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited website to check Sunlite Recycling Industries IPO allotment status, refund processing, and other IPO-related information.
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 0% over the issue price.