Sunlite Recycling Industries IPO
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 12 Aug 24 – 14 Aug 24 | ₹1,26,000 | 1200 | ₹ 100 – ₹ 105 |
Issue Size | IPO Doc |
|---|---|
| 30.24Cr | RHP PDF |
About Sunlite Recycling Industries Limited
| Founded in | 2012 |
| Managing director | Mr. Nitin Kumar Heda |
| Parent organisation | Sunlite Recycling Industries Limited |
Sunlite Recycling Industries Limited, founded in 2012, specializes in manufacturing a variety of copper products such as copper rods, wires, earthing wires, and strips by recycling copper scrap. These products are used across power generation, transmission, distribution, and the electronics industry.
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The company offers a diverse range of copper products tailored to customer specifications, including different grades, thicknesses, widths, and standards.
Sunlite Recycling Industries, based in Kheda, Gujarat, operates from a 12,152 square meter facility equipped with over 20 machines to produce its range of copper products.
As of March 31, 2024, the company reported a total revenue of Rs. 85,168.31 lakhs and employs 38 people.
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Sunlite Recycling IPO Details
The IPO for Sunlite Recycling Industries is a book-built issue valued at Rs 30.24 crores, consisting entirely of a fresh issue of 28.8 lakh shares. The IPO opens for subscription on August 12, 2024, and closes on August 14, 2024. Allotment is expected to be finalized on August 16, 2024, with the listing scheduled on NSE SME on August 20, 2024.
The IPO price band is set between ₹100 and ₹105 per share. The minimum application size is 1200 shares, with a minimum investment amount of ₹126,000 for retail investors. For High Net-Worth Individuals (HNI), the minimum investment is 2 lots (2,400 shares), totaling ₹252,000.
Hem Securities Limited is the book running lead manager, and Cameo Corporate Services Limited is the registrar for the IPO.
For detailed information, refer to the Sunlite Recycling Industries IPO DRHP.
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Sunlite Recycling Financial Information (Restated Consolidated)
Sunlite Recycling Industries Limited’s revenue increased by 1.4%, while its profit after tax (PAT) rose by 58.92% between the financial years ending March 31, 2023, and March 31, 2024.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 6,321.24 | 7,162.56 | 4,802.05 | 3,743.20 |
| Revenue | 116,655.09 | 115,039.91 | 93,791.80 | 39,400.84 |
| Profit After Tax | 890.36 | 560.27 | 426.03 | 252.55 |
| Net Worth | 2,003.90 | 362.08 | 1,158.58 | 622.18 |
| Reserves and Surplus | 1,203.90 | 312.08 | ||
| Total Borrowing | 3,491.74 | 4,646.82 | 2,532.38 | 1,711.39 |
| Amount in ₹ Lakhs | ||||
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Sunlite Recycling IPO Timeline
Sunlite Recycling Industries IPO opens on August 12, 2024, and closes on August 14, 2024.
| IPO Open Date | Monday, August 12, 2024 |
| IPO Close Date | Wednesday, August 14, 2024 |
| Basis of Allotment | Friday, August 16, 2024 |
| Initiation of Refunds | Monday, August 19, 2024 |
| Credit of Shares to Demat | Monday, August 19, 2024 |
| Listing Date | Tuesday, August 20, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 14, 2024 |
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IPO FAQs
Sunlite Recycling Industries Limited is going public to raise capital for expansion, debt repayment, working capital requirements, or other corporate purposes.
Opening Date: August 12, 2024
Closing Date: August 14, 2024
Allotment Date: August 16, 2024
Listing Date: August 20, 2024
The price band for the IPO is set between ₹100 and ₹105 per share.
The minimum lot size is 1200 shares.
The minimum investment required for retail investors is ₹126,000.
Hem Securities Limited is the book running lead manager, and Cameo Corporate Services Limited is the registrar for the IPO.
The company manufactures copper rods and wires, copper earthing wires, copper earthing strips, copper conductors, and copper wire rods by recycling copper scrap.
The company’s registered office and manufacturing facility are located in Kheda, Gujarat.
The company employs 38 people as of March 31, 2024..
Yes, like any investment, there are risks involved. It’s important to review the company’s financials, industry conditions, and consult with financial advisors before making an investment decision.
