Sunlite Recycling Industries IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Mon, 12 Aug 2024
Close Date
Wed, 14 Aug 2024
Price Band
₹ 100 – 105
Lot Size
1200
Issue Size
₹ 30.24 Cr
Minimum Investment
₹ 252,000 (2400 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Sunlite Recycling Industries IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹30.24 Crore, comprising a fresh issue of 28.80 Lakh equity shares aggregating to ₹30.24 Crore.
The Sunlite Recycling Industries IPO remained open for subscription from August 12, 2024, to August 14, 2024. The basis of allotment was finalized on August 16, 2024, and the company's shares were listed on NSE SME Platform on August 20, 2024.
The company had fixed the price band at ₹100 to ₹105 per share, with a lot size of 1200 shares. Retail investors were required to make a minimum investment of ₹252,000 (based on the upper price band) to apply for one lot.
Cameo Corporate Services Limited served as the registrar to the issue. Hem Securities Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Sunlite Recycling Industries Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Sunlite Recycling Industries IPO Timeline (Tentative)
- IPO Open Date
- Mon, 12 Aug 24
- IPO Close Date
- Wed, 14 Aug 24
- Basis of Allotment
- Fri, 16 Aug 24
- Initiation of Refunds
- Mon, 19 Aug 24
- Credit of Shares to Demat
- Mon, 19 Aug 24
- Listing Date
- Tue, 20 Aug 24 — NSE & BSE
Open Date
12 August 2024
Close Date
14 August 2024
Basis Of Allotment
16 August 2024
Listing Date
20 August 2024
IPO Subscription
Check Live Subscription →The Sunlite Recycling Industries IPO has received bids for 54,02,70,000 shares against 19,12,800 shares offered, resulting in an overall subscription of 282.45x. the NII category is subscribed 584.1x, Retail Investors 252x, and QIBs 109.05x.
QIB
109.05x
NII
584.1x
RII
252x
Total
282.45x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 9,56,400 shares, representing 33.21% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 5,46,000 shares (18.96%), while Non-Institutional Investors (NIIs) receive 4,10,400 shares (14.25%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 818,400 | 28.42% |
| Market Maker | 148,800 | 5.17% |
| Qualified Institutions | 546,000 | 18.96% |
| Non-Institutional | 410,400 | 14.25% |
| Retail Investors | 956,400 | 33.21% |
| Total | 2,880,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Sunlite Recycling Industries Limited KPI Information
| Particular | KPI Information |
|---|---|
| ROE % | 75.26 |
| ROCE % | 29.49 |
| Debt / Equity | 1.74 |
| RoNW % | 44.43 |
| PbW | 2.41 |
| Pat Margin % | 0.76 |
Peers Comparison
No Peer Comparision Available
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.
Sunlite Recycling Industries Limited Address / Contact Details
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
Sunlite Recycling Industries IPO Lot Size
The Sunlite Recycling Industries IPO has a lot size of 1,200 shares. Retail investors require a minimum investment of ₹1,26,000 by applying for 1 lot (1,200 shares). The maximum application allowed for the retail category is 1 lots (1,200 shares), requiring an investment of ₹1,26,000.
| 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 |
Issue Reservation
- Anchor Investors — 28.42%
- Market Maker — 5.17%
- QIB — 18.96%
- NII — 14.25%
- RII — 33.21%
Book Running Lead Managers
- Hem Securities Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Sunlite Recycling Industries 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.
When will the Sunlite Recycling Industries IPO open for subscription?
The Sunlite Recycling Industries IPO opens on Mon, Aug 12, 2024 and closes on Wed, Aug 14, 2024
What is Sunlite Recycling Industries IPO Price Band?
Sunlite Recycling Industries IPO Price Band is ₹100 to 105 per share.
What is Sunlite Recycling Industries IPO Lot Size?
Sunlite Recycling Industries IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹252000 based on the upper price band
What is the minimum investment for Sunlite Recycling Industries IPO?
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.
How to apply for Sunlite Recycling Industries IPO?
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.
What is Sunlite Recycling Industries IPO Issue Size?
Sunlite Recycling Industries IPO issue size is ₹30.24 crores.
What is the Sunlite Recycling Industries IPO Allotment Date?
Sunlite Recycling Industries IPO allotment date is Fri, Aug 16, 2024.
Who is the Sunlite Recycling Industries IPO Registrar?
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.
What is the Sunlite Recycling Industries IPO GMP?
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 75.24% over the issue price.
Who is the Sunlite Recycling Industries IPO Lead Manager?
The book-running lead managers (BRLMs) for the Sunlite Recycling Industries IPO are Hem Securities Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Sunlite Recycling Industries IPO Red Herring Prospectus (RHP).