Sunlite Recycling Industries IPO
#1. Quick Intro to Sunlite Recycling Industries IPO
The initial public offering (IPO) of Sunlite Recycling Industries will open for subscription on August 12 and close on August 14, comprising fresh issues of Rs.30.24 crore. An investor can apply for the issue for a minimum of 1200 shares and the listing will happen on August 20, 2024.
Sunlite Recycling Industries Limited (2022) 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, the company is also engaged in providing job work services for the processing of various products copper
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of Sunlite Recycling Industries
The company intends to use the IPO Funds for the following purposes:
- Funding towards capital expenditure for the installation of plant and machinery
- Repayment/Repayment part/full of certain outstanding borrowing
- General corporate purposes and issue expenses.
#3. Sunlite Recycling Industries Core Strengths
- Diversified range of copper products
- Revenue from multiple geographies of india
- Standardized product quality
- Experienced promoters and management team
#4. Sunlite Recycling Industries IPO Review & Rating
| Issue Size | Rs.30.24 crore |
| Issue Price | Rs. 100-105 per share |
| Minimum Lot Size | 1200 Shares |
| Total Profit (Latest) | Rs.890.36 lakhs |
| ROE (%) | 75.26 |
| RONW (%) | 29.49 |
| Listing on | NSE SME |
| IPO Deliver Rating | Two |
#5. Sunlite Recycling Industries IPO Dates, Price Band & Details
Sunlite Recycling Industries IPO will open on August 12, 2024, and close on August 14, 2024. The IPO is to be listed on August 20, 2024.
| Type of issue | Book Built Issue IPO |
| Issue Size | Rs.30.24 crore |
| Price Brand | Rs.100-105 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | August 12, 2024 |
| IPO Close Date | August 14, 2024 |
| IPO Allotment Date | August 16, 2024 |
| Refund Date | August 19, 2024 |
| Share Credit Date | August 19, 2024 |
| Listing Date | August 20, 2024 |
#6. Sunlite Recycling Industries IPO Offer Details
Sunlite Recycling Industries IPO’s total issue size is 28,80,000 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 28,80,000 | Rs.30.24 |
| Offer for Sale (OFS) | – | – |
#7. Sunlite Recycling Industries Financials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022.
| Category (Rs.) | March 2024 | March 2023 | March 2022 |
| Total Revenue | 116655.09 | 115039.91 | 93791.80 |
| Net Worth | 2003.90 | 362.08 | 1158.58 |
| Profit | 890.36 | 560.27 | 426.03 |
| Total Borrowings | 3491.74 | 4646.82 | 2532.38 |
#8. Sunlite Recycling Industries Quantitative Factors
The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022.
| Category | March 2024 | March 2023 | March 2022 |
| EPS (Rs.) | 19.35 | 14.01 | 10.65 |
| RoNW (%) | 44.43 | 154.74 | 36.77 |
| NAV (Rs.) | 28.96 | 9.05 | 36.77 |
#9. Sunlite Recycling Industries Comparison with Other Peer Companies (Top 2)
Listed companies in India are comparable in all aspects of the business.
| Company Names | PAT
(Rs. in Lacs) |
RoNW (%) | PE |
| Rajnandini Metal | 122093.00 | 26.94 | 24.71 |
| Bhagyanagar India | 147480.35 | 23.65 | 7.67 |
#10. Sunlite Recycling Industries Company Promoters
The company has four promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
| 01. | Nitin Kumar Heda |
| 02. | Praladrai Ramdayal Heda |
| 03. | Khoshboo Manishkumar Heda |
| 04. | Manish Kumar |
#11. Sunlite Recycling Industries Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 100.00 |
| Post-issue | 73.53 |
#12. Sunlite Recycling Industries IPO Reservation Details
Sunlite Recycling Industries IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| QIB/others Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
#13. Sunlite Recycling Industries IPO – Lot Size
An investor can apply for a minimum of 1200 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 1200 | 1,26,000 |
| Retail (Max.) | 1 | 1200 | 1,26,000 |
| HNI (Min.) | 2 | 2400 | 2,52,000 |
#14. Sunlite Recycling Industries IPO – Prospectus Copy
An investor can download/view the Sunlite Recycling Industries prospectus copy, which the company filed to exchange, details are as follows.
| Sunlite Recycling Industries IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. Sunlite Recycling Industries IPO Registrar
Cameo Corporate Services Limited
Website: www.cameoindia.com
#16. Sunlite Recycling Industries IPO Lead Managers
HEM Securities Limited
Website: www.hemsecurities.com
#17. Sunlite Recycling Industries IPO Application (How to Apply for an IPO)
There are three primary options for applying for a Sunlite Recycling Industries IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Sunlite Recycling Industries Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Sunlite Recycling Industries Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. Sunlite Recycling Industries Company Details
Sunlite Recycling Industries Limited
Registered Office: Survey No. 270A & Plot No. 1, Survey No. 267, Chhatha Mile, Dantali, Vaso, Kheda – 387350, Gujarat, India
Email: cs@sunliteindustires.com
Website: www.sunliteindustires.com
#19. Sunlite Recycling Industries Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | – |
| 02. | – |
#20. Sunlite Recycling Industries Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Nitin Kumar Heda |
| 02. | Praladrai Ramdayal Heda |
Sunlite Recycling Industries IPO – Frequently Asked Questions (FAQs)
| #1. What is a Sunlite Recycling Industries IPO?
Sunlite Recycling Industries brings its IPO of Rs.30.24 crore, on August 12, 2024, with a price band of Rs.238-250 per share. |
| #2. What is the Sunlite Recycling Industries IPO Open date?
Sunlite Recycling Industries IPO’s opening date is August 12, 2024. |
| #3. What is the Sunlite Recycling Industries IPO Close Date?
Sunlite Recycling Industries IPO’s closing date is August 14, 2024. |
| #4. What is the Sunlite Recycling Industries IPO Listing date?
Sunlite Recycling Industries’s IPO listing date is August 20, 2024. |
| #5. What is the Sunlite Recycling Industries IPO Minimum investment amount?
Sunlite Recycling Industries IPO’s minimum investment amount is Rs. 1,26,000 |
| #6. What is the Sunlite Recycling Industries IPO offer issue Size?
Sunlite Recycling Industries offers an issue size of Rs.30.24 crore. |
| #7. What is the Sunlite Recycling Industries IPO Price Band?
Sunlite Recycling Industries’s IPO price band is Rs. 100-105 per share. |
| #8. Is Sunlite Recycling Industries IPO mainboard IPO or SME IPO?
Sunlite Recycling Industries IPO is an SME IPO. |
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