Sunlite Recycling Industries Limited IPO Detail
Sunlite Recycling Industries Limited was established in 2012 and manufactures 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 portfolio offers a diversified product range that includes a variety of grades, thicknesses, widths and standards in all types of copper products according to customer specifications.
Sunlite Recycling Industries currently has a registered office and manufacturing facility in Kheda, Gujarat, with a total area of approximately 12,152 square metres and over 20 machines for manufacturing a wide range of copper products.
The company recorded a total revenue from operations of Rs. 85,168.31 lacs and employed 38 people as on March 31, 2024.
Company Promoters
Nitin Kumar Heda, Prahladrai Ramdayal Heda & Khushboo Manishkumar Heda are the company's promoters.IPO Details
| IPO Opening Date | Aug 12, 2024 |
| IPO Closing Date | Aug 14, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹100 - 105 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | NSE SME |
| Issue Size | ₹30.24 Cr |
| Fresh Issue | ₹30.24 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 2.62x | 0.00x | 0.00x | 8.39x | 11.67x | 8.38x |
| Day 2 | 6.12x | 0.00x | 0.00x | 24.02x | 41.68x | 27.74x |
| Day 3 | 109.05x | 0.00x | 0.00x | 584.10x | 252.00x | 282.45x |
IPO Tentative Timetable
The Sunlite Recycling Industries Limited IPO open date is Aug 12, 2024, and the close date is Aug 14, 2024. The issue may list on Aug 20, 2024.
| IPO Open Date | Aug 12, 2024 |
| IPO Close Date | Aug 14, 2024 |
| Basis of Allotment Date | Aug 16, 2024 |
| Initiation of Refunds | Aug 19, 2024 |
| Credit of Shares to Demat Account | Aug 19, 2024 |
| IPO Listing Date | Aug 20, 2024 |
IPO Lot Size
The Sunlite Recycling Industries Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹126000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹126000 |
| Maximum | 1 | 1200 | ₹126000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Dec-23 | 9335.16 | 85185.72 | 599.93 |
| 31-Mar-23 | 7162.56 | 115039.91 | 560.27 |
| 31-Mar-22 | 4802.05 | 93791.80 | 426.03 |
Objects of the Issue:
The company intends to utilize the proceeds of the Issue to meet the following 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.
Sunlite Recycling Industries Limited IPO Registrar:
Cameo Corporate Services Limited
Sunlite Recycling Industries Limited IPO Lead Manager(s):
Hem Securities Limited
Company Contact Information:
Sunlite Recycling Industries Limited
Survey No. 270A & Plot No. 1, Survey No. 267, Chhatha Mile, Dantali
Vaso
Kheda
