Sunlite Recycling IPO: The Sunlite Recycling Industries IPO is set to open on August 12, 2024, and will close on August 14, 2024. This NSE SME IPO aims to raise ₹30.24 crores. The price band for the IPO is set between ₹100 and ₹105 per equity share, with a minimum market lot of 1200 shares.
Company Overview: Sunlite Recycling Industries specializes in manufacturing copper products through recycling copper scrap. Their offerings include copper rods, wires, earthing strips, conductors, and more. The company is committed to environmental sustainability, utilizing solar power and clean natural gas in their production process.
Objectives of the Issue:
- Funding capital expenditure for new plant and machinery.
- Repayment of existing borrowings.
- General corporate purposes.
IPO Details:
- IPO Open Date: August 12, 2024
- IPO Close Date: August 14, 2024
- IPO Size: Approx ₹30.24 Crores, 2,880,000 Equity Shares
- Face Value: ₹10 Per Equity Share
- IPO Price Band: ₹100 to ₹105 Per Equity Share
- Listing on: NSE SME
Investor Quotas:
- Retail Quota: 35% of the net offer
- QIB Quota: 50% of the net offer
- NII Quota: 15% of the net offer
Important Dates:
- Basis of Allotment: August 16, 2024
- Refunds: August 19, 2024
- Credit to Demat Account: August 19, 2024
- IPO Listing Date: August 20, 2024
Market Lot:
- Retail Minimum: 1 lot of 1200 shares for ₹126,000
- Retail Maximum: 1 lot of 1200 shares for ₹126,000
- S-HNI Minimum: 2 lots of 2400 shares for ₹252,000
Application Process: Investors can apply for the IPO via ASBA through their bank accounts, or by downloading and submitting the IPO forms available on the NSE website.
Company Financials:
| Year | Revenue (₹ Crores) | Expense (₹ Crores) | PAT (₹ Crores) |
|---|---|---|---|
| 2021 | 394.0 | 390.25 | 2.53 |
| 2022 | 937.92 | 932.27 | 4.26 |
| 2023 | 1150.40 | 1142.84 | 5.60 |
| Dec 2023 | 851.86 | 843.96 | 6.00 |
Valuation (FY2023):
- Earning Per Share (EPS): ₹14.01 per Equity Share
- Price/Earning P/E Ratio: NA
- Return on Net Worth (RoNW): 154.74%
- Net Asset Value (NAV): ₹9.05 per Equity Share
Peer Group:
- Rajnandini Metal Limited
- Bhagyanagar India Limited
Registrar:
- Cameo Corporate Services Limited
- Phone: +91-44-28460390
- Email: ipo@cameoindia.com
- Website: Cameo IPO Services
Lead Managers:
- Hem Securities Limited
Company Contact:
- Sunlite Recycling Industries Limited
- Address: Survey No. 270A & Plot No. 1, Survey No. 267, Chhatha Mile, Dantali, Vaso, Kheda – 387350
- Phone: +91-9265111757
- Email: cs@sunliteindustries.com
- Website: Sunlite Industries
FAQs:
- What is Sunlite Recycling Industries IPO? The IPO is an NSE SME offering to raise ₹30.24 crores, priced between ₹100 to ₹105 per share.
- When will the IPO open and close? The IPO will open on August 12, 2024, and close on August 14, 2024.
- How to apply for the IPO? Applications can be made via ASBA through bank accounts or by filling out and submitting IPO forms available on the NSE website.
- What is the allotment date? The allotment date is August 16, 2024.
- When will the shares be listed? The shares are expected to list on August 20, 2024.
For more details on the IPO subscription and allotment status, visit the respective pages on the Cameo Corporate Services Limited website.
