Sunlite Recycling Industries Limited IPO

NSE SME

Listed On: Aug 20, 2024 at ₹ 199.5

₹ 126000 /1200 Shares

Check Allotment

Sunlite Recycling Industries IPO Details

12 Aug, 2024

Open Date

14 Aug, 2024

Close Date

16 Aug, 2024

Allotment Date

20 Aug, 2024

Listing Date

Issue Price

₹100-105 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Cameo Corporate Services Limited

List Price

199.5

Listing Date

2024-08-20

Market Lot

1200 Shares (₹126,000/-)

Lead Manager

Hem Securities Limited

Issue Size

2,880,000 shares(aggregating up to ₹30.24 Cr)

Retail Portion

35%

Subscription

282.53 times

IPO Docs

DRHP

Sunlite Recycling Industries IPO Subscription Details

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	546,000 / 410,400	956,400	1,912,800
Day 1 - 12-08-24 06:00 PM	2.62 / 8.39 x	11.67 x	8.38 x
Day 2 - 13-08-24 06:00 PM	6.12 / 24.20 x	40.90 x	27.39 x
Day 3 - 14-08-24 06:00 PM	109.05 / 584.46 x	252.00 x	282.53 x

Total No. of Applications: 2,00,844 (Approx)

Sunlite Recycling Industries Valuations

EPS Pre IPO

₹7.0/-

EPS Post IPO

₹7.35/-

P/E Pre IPO

14.99

P/E Post IPO

14.28

RoNW

Sunlite Recycling Industries Company Financials All values are in ₹ Lakh

	31-Dec-23	31-Mar-23	31-Mar-22
Assets	9,335.16	7,162.56	4,802.05
Revenue	85,185.72	115,039.91	93,791.80
Profit After Tax	599.93	560.27	426.03

About The Company

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.

Sunlite Recycling Industries - Promoter(s)

Pre Issue Share Holding: %

Post Issue Share Holding: %

Company Promoter(s)

Nitin Kumar Heda
Prahladrai Ramdayal Heda
Khushboo Manishkumar Heda

Sunlite Recycling Industries IPO - Issue 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 IPO - FAQs

Ans. Sunlite Recycling Industries Limited IPO is a SME IPO. The issue is priced at ₹100-105 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Aug 12, 2024, and closes on Aug 14, 2024. Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Sunlite Recycling Industries Limited IPO opens on Aug 12, 2024 and closes on Aug 14, 2024.

Ans. The size of Sunlite Recycling Industries Limited IPO is 2,880,000 shares(aggregating up to ₹30.24 Cr).

Ans. The IPO price band is set between ₹100-105 per equity share.

Ans. To apply for Sunlite Recycling Industries Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Sunlite Recycling Industries Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Sunlite Recycling Industries Limited IPO is Aug 16, 2024.

Ans. The Sunlite Recycling Industries Limited IPO will be listed on Aug 20, 2024.

Ans. Follow the steps to check the allotment status for Sunlite Recycling Industries Limited IPO here.