Sunlite Recycling Industries IPO Details: Sunlite Recycling Industries IPO date is fixed, The IPO will open on August 12 and will close on August 14. Sunlite Recycling Industries is a NSE SME IPO to raise ₹30.24 crores via IPO. The Sunlite Recycling Industries IPO price band is fixed at ₹100 to ₹105 with a market lot of 1200 shares.
Sunlite Recycling Industries is engaged in the business of manufacturing copper rods & wires, copper earthing wires, copper earthing strips, copper conductors, copper wire bars, etc. through recycling of copper scrap, which has electrical and mechanical properties suitable for applications in power generation, transmission, distribution and electronic industries. Further, They are also engaged in providing job work services for the processing of various products of copper. They employ an internal quality control mechanism to ensure that their finished product conforms to the exact requirements of their customers.
They currently operate through their Registered office and manufacturing unit situated at Survey No. 270A and Plot No. 1 of Survey No 267, Chhatamile, Tal. Vaso, Dantali, Kheda, 387350 Gujarat, India with a total area of approx. 12,152 sq. mtr. Their Product Portfolio offers a diversified product range which includes a variety of grades, thicknesses, widths, and standards, in all types of copper products according to customer specifications. They prioritize environmental and safety considerations in their copper production process. Their approach involves recycling copper scrap utilizing electricity sourced from solar generation and clean natural gas, thus mitigating the pollution associated with conventional oil-based energy sources.
Objects of the Issue:
- 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 Review
- To be updated soon
Sunlite Recycling Industries IPO Date & Price Band Details
| IPO Open: | August 12, 2024 |
| IPO Close: | 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 |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Sunlite Recycling Industries IPO Market Lot
The Sunlite Recycling Industries IPO minimum market lot is 1200 shares with a ₹126,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1200 | ₹126,000 |
| Retail Maximum | 1 | 1200 | ₹126,000 |
| S-HNI Minimum | 2 | 2400 | ₹252,000 |
Sunlite Recycling Industries IPO Dates
The Sunlite Recycling Industries IPO date is August 12 and the IPO close date is August 14. The IPO allotment date is August 16 and the IPO might list on August 20.
| IPO Open Date: | August 12, 2024 |
| IPO Close Date: | August 14, 2024 |
| Basis of Allotment: | August 16, 2024 |
| Refunds: | August 19, 2024 |
| Credit to Demat Account: | August 19, 2024 |
| IPO Listing Date: | August 20, 2024 |
Sunlite Recycling Industries IPO Form
How to apply Sunlite Recycling Industries IPO? You can apply Sunlite Recycling Industries IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Sunlite Recycling Industries IPO in the Invest section. The other option you can apply Sunlite Recycling Industries IPO via IPO forms download via the NSE website. Check out the Sunlite Recycling Industries forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
Sunlite Recycling Industries Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 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 |
Sunlite Recycling Industries IPO Valuation – FY2023
Check Sunlite Recycling Industries IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| 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
Company Promoters
- Nitin Kumar Heda
- Prahladrai Ramdayal Heda
- Khushboo Manishkumar Heda
Sunlite Recycling Industries IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: [email protected]
Website: https://ipo.cameoindia.com/
Sunlite Recycling Industries IPO Allotment Status
Check Sunlite Recycling Industries IPO allotment status on Cameo Corporate website URL. Click Here
Sunlite Recycling Industries IPO Lead Managers aka Merchant Bankers
- Hem Securities Limited
Company Address
Sunlite Recycling Industries Limited
Survey No. 270A & Plot No. 1,
Survey No. 267, Chhatha Mile,
Dantali, Vaso, Kheda – 387350
Phone: +91-9265111757
Email: [email protected]
Website: http://www.sunliteindustries.com/
Sunlite Recycling Industries IPO FAQs
What is Sunlite Recycling Industries IPO?
Sunlite Recycling Industries IPO is an NSE SME IPO. They are going to raise ₹30.24 Crores via IPO. The issue is priced at ₹100 to ₹105 per equity share. The IPO is to be listed on NSE.
When Sunlite Recycling Industries IPO will open?
The IPO is to open on August 12, 2024 for QIB, NII, and Retail Investors.
What is Sunlite Recycling Industries IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
What is Sunlite Recycling Industries IPO Size?
Sunlite Recycling Industries IPO size is ₹30.24 crores.
What is Sunlite Recycling Industries IPO Price Band?
Sunlite Recycling Industries IPO Price Band is ₹100 to ₹105 per equity share.
What is Sunlite Recycling Industries IPO Minimum and Maximum Lot Size?
The IPO bid is 1200 shares with ₹126,000
What is Sunlite Recycling Industries IPO Allotment Date?
Sunlite Recycling Industries IPO allotment date is August 16, 2024.
What is Sunlite Recycling Industries IPO Listing Date?
Sunlite Recycling Industries IPO listing date is August 20, 2024. The IPO to list on NSE SME.
Sunlite Recycling Industries IPO grey market premium