Sunlite Recycling Industries IPO total fresh share issue of 28,80,000 equity shares which is valued at 30.24 crores. IPO open for bidding on 12 August 2024, Monday, Issue close 14 August 2024, Wednesday. According to the company-submitted RHP documents, one share price range for applying for this IPO is ₹100/- to ₹105/- per share, and every share’s face value is ₹10. The 1 lot size is 1200 equity shares.
Sunlite Recycling Industries IPO Details Overview
| Company Name | Sunlite Recycling Industries Limited |
| Issue Type | 100% book-built issue |
| Share Issue Type | Fresh Issue |
| Offer For Sale ( OFS ) | NO |
| Issue Size | 28,80,000 shares valued at 30.24 crores |
| Face Value | ₹10 |
| One Lot Size | 1200 Shares |
| Price Range | ₹100/- to ₹105/- per share |
| Listing Platform | NSE SME |
| Book Running Lead Manager | Hem Securities Limited |
| Name of the Registrar | Cameo Corporate Services Limited |
| Market Maker | Hem Finlease Pvt. Ltd |
| Sponsor Bank | HDFC Bank Limited |
| Positron Energy IPO RHP | Check Here |
Sunlite Recycling Industries IPO Date & Time Details
| Issue Period | 12/08/2024 to 14/08/2024 |
| IPO Open | 12 August 2024, Monday |
| IPO Close | 14 August 2024, Wednesday |
| Bidding Time | 10.00 A.M to 5.00 P.M |
| Share Allotment Status | 16 August 2024, Friday |
| Initiation of Refunds | 19 August 2024, Monday |
| Share Credit of Demat Accounts | 19 August 2024, Monday |
| Share List on NSE SME | 20 August 2024, Tuesday |
| Cut-off Time for UPI Mandate Confirmation | 14 August 2024 at 5.00 P.M |
| 14 August 2024 at 5.00 P.M | Only through the ASBA process |
Sunlite Recycling Industries IPO Category Wise Reservation
| Category | Total Limit ( % ) | Shares Reservation |
| Retail Investors | Not Less than 35% of the net Issue. | 9,56,400 Equity Shares |
| Non-Institutional Investors ( NII ) | Not Less than 15% of the net issue. | 4,10,400 Equity Shares |
| QIB Investors | Not More than 50% of the net issue. | 13,64,400 Equity Shares |
Investors Minimum, Maximum Investment Required & Lot Size
| Investors Types | Minimum Lots & Investment | Maximum Lots & Investment |
| Retail Investors | 1 Lot 600 shares, ₹126,000 | 1 Lot 600 shares, ₹126,000 |
| Non-Institutional Investors ( NII ) | 2 Lot 1200 Shares, ₹252,000 | 2 Lot 1200 Shares, ₹252,000 |
| QIB Investors | 2 Lot 1200 Shares, ₹252,000 | 2 Lot 1200 Shares, ₹252,000 |
Sunlite Recycling Industries IPO LIVE GMP Status
Sunlite Recycling Industries IPO today 14/08/2024 Friday GMP running rate ₹50 this rate can change time by time so the latest information about Sunlite Recycling Industries IPO GMP Check Here
Sunlite Recycling Industries Limited Business Overview
Sunlite Recycling Industries is a big player in the copper manufacturing and recycling industry. Founded in 2012, this company specialize in producing high-quality copper-related products like wires, earthing strips, copper rods, conductors etc by recycling copper scrap. These products are essential for power generation, transmission, distribution, and many electronic industries. The company now operates overall 20 machines, including wire-drawing machines and Copper CCR machines, to manufacture a wide range of copper products.
Sunlite Recycling Industries Limited Products:
- COPPER RODS
- Oxygen Free Copper Rods(OFC)
- Fire Refined High Conductivity Copper Rods (FRHC)
- COPPER WIRES
- Copper conductors
- Copper Earthing Wires
- Copper Submersible Wires
- COPPER STRIPS
Sunlite Recycling Industries Financial Performance
| Particulars | 31 March, 2024 | 31 March, 2023 | 31 March 2022 |
| Sales/Revenue | 1,16,655.09 | 1,15,039.91 | 93,791.80 |
| Total Expenses | 1,15,475.08 | 1,14,284.42 | 93,227.27 |
| Net Profit After Tax | 890.36 | 560.27 | 426.03 |
| Total Assets | 6,321.24 | 7,162.56 | 4,802.05 |
| Reserves and Surplus | 1,203.90 | 312.08 | – |
| Total Borrowing | 3491.74 | 4,646.82 | 2,532.38 |
| Net Worth | 2,003.90 | 362.08 | 1,158.58 |
| Share Capital | 800.00 | 50.00 | 1,158.58 |
| EPS | 19.35 | 14.01 | 10.65 |
Fundamental Key Factors Of the Company
| Particulars | 31 March, 2024 | 31 March, 2023 | 31 March 2022 |
| ROE% | 75.26 | 73.69 | 47.85 |
| ROCE% | 29.49 | 24.05 | 22.85 |
| ROI% | 25.64 | 16.82 | 17.56 |
| RONW | 44.43 | 154.74 | 36.77 |
| Debt to Equity Ratio% | 1.74 | 12.83 | 2.19 |
| PAT Margin% | 0.76 | 0.49 | 0.45 |
| EBITDA Margin% | 1.57 | 1.24 | 1.06 |
Sunlite Recycling Industries Management & Promoters
Manish Kumar Heda is a promoter of Sunlite Recycling Industries Limited.
| Name | Designation |
| Nitin Kumar Heda | Managing Director |
| Prahladrai Ramdayal Heda | Chairman & Whole Time Director & |
| Khushboo Manishkumar Heda | Non-Executive Director |
| Ronak Ashokbhai Mehta | Independent Director |
| Jaimish Govindbhai Patel | Independent Director |
Promoters Shareholding Pattern Pre-Issue and Post-Issue
| Promoters | Holding Pre IPO % | Holding Post IPO % |
| Nitin Kumar Heda | 50.00% | 36.76% |
| Prahladrai Ramdayal Heda | 25.00% | 18.38% |
| Khushboo Manishkumar Heda | 25.00% | 18.38% |
| TOTAL | 100% | 73.53% |
Sunlite Recycling Industries IPO Object Of The Issue
- Funding of capital expenditure towards the installation of new Plant & Machinery.
- Repayment / pre-payment, in full or part, of borrowings Company.
- General Corporate Purpose
Check IPO Allotment Status From Issue Registrar
| Registrar | Cameo Corporate Services Limited |
| Address: | Subramanian Building, No. 1, Club House Road, Chennai-600002, Tamil Nadu, India |
| Tel. Number: | +91-44-40020700/28460390 |
| E-mail: | [email protected] |
| Website: | ipo.cameoindia.com |
Sunlite Recycling Industries Office Address & Contact Details
| Address: | Survey No. 270A & Plot No. 1, Survey No. 267, Chhatha Mile, Dantali, Vaso, Kheda – 387350, Gujarat, India |
| Tel No: | +91-9265111757 |
| Email Id: | [email protected] |
| Website: | www.sunliteindustries.com |
FAQ
What is the Sunlite Recycling Industries Open Date?
Sunlite Recycling Industries IPO opens on 12 August 2024, Monday.
What is the Sunlite Recycling Industries IPO Close Date?
Sunlite Recycling Industries IPO closes on 14 August 2024, Wednesday.
Sunlite Recycling Industries IPO Share Allotment Date?
According to the company RHP IPO Share Allotment on 16 August 2024, Friday.
What is the Sunlite Recycling Industries IPO Listing Date?
Sunlite Recycling Industries IPO officially listed NSE SME on 20 August 2024, Tuesday.
What is the Sunlite Recycling Industries IPO?
Sunlite Recycling Industries IPO a 100% book built offer IPO, Total fresh share issue 28,80,000 equity shares valued at 30.24 crores. The company declared the share price range is ₹100/- to ₹105/- per share face value of each share is Rs 10— one lot size 1200 equity shares.
