Sunlite Recycling IPO Details: The Sunlite Recycling Industries IPO is scheduled to open on August 12 and close on August 14. This NSE SME IPO aims to raise ₹30.24 crores, with the price band set at ₹100 to ₹105 per share and a market lot of 1200 shares.
Sunlite Recycling Industries specializes in the production of copper rods, wires, earthing wires, earthing strips, conductors, and wire bars. These products are manufactured through the recycling of copper scrap, which possesses the electrical and mechanical properties needed for applications in the power generation, transmission, distribution, and electronic industries. Additionally, the company provides job work services for processing various copper products. Sunlite Recycling Industries employs a rigorous internal quality control system to ensure that their products meet the precise specifications of their customers.
The company operates from its registered office and manufacturing unit located at Survey No. 270A and Plot No. 1 of Survey No. 267, Chhatamile, Tal. Vaso, Dantali, Kheda, Gujarat, India, covering a total area of approximately 12,152 square meters. Their product portfolio is diverse, offering a range of copper products in various grades, thicknesses, widths, and standards tailored to customer requirements. Sunlite Recycling Industries is committed to environmental and safety considerations in its production processes. By recycling copper scrap using electricity from solar generation and clean natural gas, the company reduces the pollution typically associated with conventional oil-based energy sources.
Sunlite Recycling IPO Objectives:
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 IPO Review (Apply or Not)
- Update soon.
Sunlite Recycling 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 IPO Lot Size:
The minimum market lot for the Sunlite Recycling Industries IPO is set at 1,200 shares, requiring an application amount of ₹126,000.
| 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 IPO Timeline:
The Sunlite Recycling Industries IPO is set to open on August 12 and will close on August 14. The allotment date for the IPO is August 16, and the shares are expected to be listed 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 IPO GMP Today:
GMP for Sunlite Recycling Industries SME IPO is not yet started. We are updating GMP information daily. Please visit us back shortly on latest GMP updates.
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: ipo@cameoindia.com
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: cs@sunliteindustries.com
Website: http://www.sunliteindustries.com/
Sunlite Recycling Industries IPO FAQs
1. What are the opening and closing dates for the Sunlite Recycling Industries IPO?
The Sunlite Recycling Industries IPO will open on August 12 and close on August 14.
2. What is the price band for the Sunlite Recycling Industries IPO?
The price band for the IPO is set between ₹100 and ₹105 per share.
3. What is the minimum market lot and application amount for the IPO?
The minimum market lot is 1,200 shares, which requires an application amount of ₹126,000.
4. How much capital is Sunlite Recycling Industries aiming to raise through this IPO?
Sunlite Recycling Industries aims to raise ₹30.24 crores through this IPO.
5. What are the key business activities of Sunlite Recycling Industries?
Sunlite Recycling Industries is involved in manufacturing copper rods, wires, earthing wires, earthing strips, conductors, and wire bars through recycling copper scrap. They also offer job work services for processing various copper products.
6. When will the IPO allotment be finalized?
The IPO allotment is scheduled to be finalized on August 16.
7. When are the shares expected to be listed?
The shares of Sunlite Recycling Industries are expected to be listed on August 20.
8. Where is Sunlite Recycling Industries’ manufacturing unit located?
The manufacturing unit is located at Survey No. 270A and Plot No. 1 of Survey No. 267, Chhatamile, Tal. Vaso, Dantali, Kheda, Gujarat, India.
9. What measures does the company take for quality control?
Sunlite Recycling Industries employs an internal quality control mechanism to ensure that their products meet customer specifications.
10. What are the environmental initiatives taken by Sunlite Recycling Industries?
The company prioritizes environmental considerations by using solar-generated electricity and clean natural gas to recycle copper scrap, reducing pollution associated with conventional oil-based energy sources.
11. How can investors apply for the Sunlite Recycling Industries IPO?
Investors can apply for the IPO through participating broker platforms or their bank’s ASBA (Application Supported by Blocked Amount) facility.
12. What is the expected return on investment (ROI) for the IPO?
The expected return on investment for the IPO depends on various market factors and investor demand. It is advisable to consult financial analysts for detailed insights.
