Sunita Tools Limited IPO Detail
Incorporated in 1988, Sunita Tools Limited manufactures mold base and machining parts for Automotive, Pharmaceutical, Electronics, Consumer Goods, and Manufacturing Sectors.
The company manufactures Customized Mould Bases, Precision Finish CNC Machining, Plastic Mould Bases, Pocket Machining, Injection Mould Bases, Precision Component Machining, Mould Bases For Caps and closures, Blow Mould Bases, Standard Mould Bases, Compression Mould bases, Die Casting Mould Bases, Insert Mould Bases, Over mold Bases, and Prototype Mould Bases. The company's products are used as Capital Assets as inputs in the Automotive Industry, Heavy Manufacturing, Industry Plastics Industry, Electrical Industry, and Consumer Goods Industry.
Sunita Tools' manufacturing unit is located in Vasai, Mumbai, with a capacity to produce large dimensional products ranging from 200*200 mm to 4000*2000 mm up to 30 tones in weight.
The company recorded ₹ 666.36 lakhs in Fiscal 2021, ₹ 873.47 lakhs in fiscal 2022, and ₹ 1,384.44 lakhs in Fiscal 2023 in revenue from operations respectively.
Company Promoters
Ms. Sangeeta Pandey, Mr. Sanjay Kumar Pandey, Mr. Satish Kumar Pandey, and Ms. Ragini PandeyIPO Details
| IPO Opening Date | Sep 26, 2023 |
| IPO Closing Date | Sep 28, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹145 per equity share |
| Market Lot | 1000 Shares |
| Min Order Quantity | 1000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹22.05 Cr |
| Fresh Issue | ₹19.14 Cr |
| Offer for Sale | ₹2.91 Cr |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.96x | 2.47x | 1.71x | |
| Day 2 | - | - | 1.53x | 5.41x | 3.47x | |
| Day 3 | - | - | 2.45x | 11.02x | 6.74x |
IPO Tentative Timetable
The Sunita Tools Limited IPO open date is Sep 26, 2023, and the close date is Sep 28, 2023. The issue may list on Oct 09, 2023.
| IPO Open Date | Sep 26, 2023 |
| IPO Close Date | Sep 28, 2023 |
| Basis of Allotment Date | Oct 04, 2023 |
| Initiation of Refunds | Oct 05, 2023 |
| Credit of Shares to Demat Account | Oct 06, 2023 |
| IPO Listing Date | Oct 09, 2023 |
IPO Lot Size
The Sunita Tools Limited IPO market lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹145000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1000 | ₹145000 |
| Maximum | 1 | 1000 | ₹145000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 72.97% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 1351.82 | 691.50 | 26.66 |
| 31-Mar-22 | 1422.66 | 888.88 | 80.99 |
| 31-Mar-23 | 2537.71 | 1417.33 | 337.71 |
Objects of the Issue:
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- Funding Working capital requirements.
- General Corporate Purpose.
Sunita Tools Limited IPO Registrar:
KFin Technologies Limited
Sunita Tools Limited IPO Lead Manager(s):
Aryaman Financial Services Limited
Company Contact Information:
Sunita Tools Limited
Survey No. 66, Plot No. A,
Valiv, Sativali Road, Vasai East,
Palghar, Thane - 401208
