Contents
- 0.1 Sunlite Recycling Industries IPO Details
- 0.2 Sunlite Recycling Industries IPO Date
- 0.3 Lot Size
- 0.4 Promoter Holding
- 0.5 Sunlite Recycling Industries IPO GMP (Grey Market Premium)
- 0.6 Sunlite Recycling Industries IPO Subscription Status
- 0.7 Sunlite Recycling Industries IPO Allotment Status
- 0.8 Know About Company
- 0.9 Sunlite Recycling Industries Limited Financial Information
- 0.10 KPI Of Sunlite Recycling Industries Limited
- 0.11 Sunlite Recycling Industries IPO Valuation
- 0.12 Objects of the Issue
- 0.13 Peer Group
- 0.14 Sunlite Recycling Industries Limited IPO Registrar
- 0.15 Sunlite Recycling Industries Limited IPO Lead Manager
- 0.16 Sunlite Recycling Industries Limited Contact
- 0.17 Sunlite Recycling Industries Limited IPO Application Form PDF
- 0.18 Analyses Of Sunlite Recycling Industries Limited IPO
- 1 FAQs about Sunlite Recycling Industries IPO
Sunlite Recycling Industries is set to launch its IPO, aiming to raise ₹30.24 crores through a fresh issue of 28.8 lakh shares. This book-built issue will open for subscription on August 12, 2024, and close on August 14, 2024. Investors can expect the allotment results to be finalized on August 16, 2024, with shares tentatively scheduled to be listed on the NSE SME on August 20, 2024.
The price band for the Sunlite Recycling Industries IPO is set between ₹100 and ₹105 per share. For retail investors, the minimum lot size is 1,200 shares, requiring an investment of ₹126,000. High net-worth individuals (HNIs) must apply for a minimum of 2,400 shares (2 lots), totalling ₹252,000. This IPO presents an opportunity for investors interested in participating in the growing recycling industry, particularly in the manufacturing of copper products.
Ref. Doc –Sunlite Recycling Industries IPO DRHP
Sunlite Recycling Industries IPO Details
| Open Date | August 12, 2024 |
| Close Date | August 14, 2024 |
| IPO Size | Rs ₹30.24 crores through 28.8 lakh shares |
| Fresh Issue | 28,80,000 Equity Shares |
| Face Value | ₹10 per share |
| IPO Price Band | ₹100 to ₹105 per share |
| IPO Listing on | NSE SME |
| Lot Size | 1200 Shares |
| OFS | N.A |
| Share Offered to Retail | 35% |
| Share Offered to QIB | 50% |
| Share Offered to HNI | 15% |
Sunlite Recycling Industries IPO Date
- IPO Open Date: August 12, 2024
- IPO Close Date: August 14, 2024
- Allotment: August 16, 2024
- Refunds: August 19, 2024
- Shares Credit to Demat: August 19, 2024
- Listing Date: August 20, 2024
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹126,000 |
| Retail (Max) | 1 | 1200 | ₹126,000 |
| HNI (Min) | 2 | 2,400 | ₹252,000 |
Promoter Holding
The promoters of Sunlite Recycling Industries are Nitin Kumar Heda, Prahladrai Ramdayal Heda, and Khushboo Manishkumar Heda. The pre-issue shareholding of the promoters stands at 100.00%.
Sunlite Recycling Industries IPO GMP (Grey Market Premium)
If you want to know Sunlite Recycling Industries IPO GMP (Grey Market Premium) then please visit our IPO GMP section and get daily updates on grey market premium. We update here all IPOs GMP.
Sunlite Recycling Industries IPO Subscription Status
Sunlite Recycling Industries IPO subscription starts on August 12, 2024, To get live IPO subscription status data go to our IPO Subscription section and see any ongoing IPO Subscription Status.
Sunlite Recycling Industries IPO Allotment Status
To check the Sunlite Recycling Industries IPO allotment status go to the IPO registrar website ” CAMEO CORPORATE SERVICES LIMITED” or go to IPO Allotment>>.
You can find here any IPO allotment status. Following some stapes.
- Go to the Link given above.
- Select the IPO Name
- Enter your PAN/ DP ID/ Application No
- Submit details and get the allotment status.
Know About Company
Sunlite Recycling Industries Limited is a public company focused on recycling copper scrap to produce a variety of copper products. Established as a proprietorship in 2012, the company has grown significantly and now manufactures items such as copper rods, wires, earthing wires, earthing strips, conductors, and wire bars. These products are essential for applications in power generation, transmission, distribution, and the electronics industry due to their excellent electrical and mechanical properties.
The company’s manufacturing facility is located in Gujarat and covers approximately 12,152 square meters. Sunlite Recycling is committed to sustainability, utilizing solar-generated electricity and clean natural gas in its processes, which helps reduce pollution compared to traditional oil-based energy sources. This eco-friendly approach not only benefits the environment but also aligns with the company’s goal of producing high-quality products.
Sunlite Recycling currently sells its products across more than ten states and union territories in India, with a strong market presence in Gujarat, Dadra & Nagar Haveli, and Maharashtra. The company plans to expand further into key markets such as Maharashtra, Telangana, Madhya Pradesh, and Tamil Nadu.
The promoters of Sunlite Recycling include Nitin Kumar Heda, Prahladrai Ramdayal Heda, Khushboo Manishkumar Heda, and Manish Kumar Heda. Their leadership is focused on driving the company’s growth and maintaining high standards of quality and sustainability in its operations.
Sunlite Recycling Industries Limited Financial Information
KPI Of Sunlite Recycling Industries Limited
Sunlite Recycling Industries IPO Valuation
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 our Company.
- General Corporate Purpose.
Peer Group
- Rajnandini Metal Limited
- Bhagyanagar India Limited
Sunlite Recycling Industries Limited IPO Registrar
CAMEO CORPORATE SERVICES LIMITED
Address: “Subramanian Building”, No. 1, Club House Road, Chennai-600002,
Tamil Nadu, India.
Tel No.: +91-44-40020700/28460390
Email: ipo@cameoindia.com
Website: www.cameoindia.com
Sunlite Recycling Industries Limited IPO Lead Manager
HEM SECURITIES LIMITED
Address: 904, A Wing, Naman Midtown, Senapati Bapat Marg, Elphinstone Road,
Lower Parel, Mumbai-400013, Maharashtra, India.
Tel. No.: +91- 22- 4906 0000;
Email: ib@hemsecurities.com
Investor Grievance Email: redressal@hemsecurities.com
Website: www.hemsecurities.com
Sunlite Recycling Industries Limited Contact
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 Limited IPO Application Form PDF
To download the Sunlite Recycling Industries Limited IPO application form Check out the Application Form Download ASBA IPO Forms PDF.
Analyses Of Sunlite Recycling Industries Limited IPO
Investing in the Sunlite Recycling Industries IPO could be a good opportunity due to its solid growth trajectory and commitment to sustainability in the recycling sector. The company has demonstrated consistent revenue growth and profitability, making it an attractive option for investors. However, potential investors should consider the minimum investment requirement and market conditions before making a decision. Overall, it appears to be a promising investment for those looking to enter the recycling industry.
Disclaimer
The information provided in this article regarding the Sunlite Recycling Industries Limited IPO is for informational purposes only and should not be considered as financial or investment advice. Investing in stocks and IPOs involves risks, and past performance is not indicative of future results. It is essential to conduct thorough research and consult with a qualified financial advisor before making any investment decisions. The author and the platform do not assume any responsibility for any losses or damages arising from the use of this information. Please review the official prospectus and consult with your financial advisor for detailed insights and guidance.
FAQs about Sunlite Recycling Industries IPO
The Sunlite Recycling Industries IPO is a book-built issue aiming to raise ₹30.24 crores through a fresh issue of 28.8 lakh shares. It opens for subscription from August 12, 2024, to August 14, 2024.
The price band for the IPO is set between ₹100 and ₹105 per share.
Retail investors need to apply for a minimum of 1,200 shares, which requires an investment of ₹126,000.
The minimum lot size for the Sunlite Recycling Industries IPO is 1,200 shares.
The allotment results for the Sunlite Recycling Industries IPO are expected to be finalized on Friday, August 16, 2024.
The shares of Sunlite Recycling Industries Limited are expected to be listed on the NSE SME on Tuesday, August 20, 2024.
Hem Securities Limited is the book running lead manager for the Sunlite Recycling Industries IPO.
The company reported a revenue increase of 22.65% and a profit after tax (PAT) rise of 31.51% from FY2022 to FY2023.
Sunlite Recycling Industries manufactures a variety of copper products, including copper rods, wires, earthing wires, earthing strips, and conductors, primarily from recycled copper scrap.
Investors should consider risks such as market volatility, competition in the recycling industry, and the company’s reliance on raw material availability.
Investors can apply for the IPO through their brokerage accounts or UPI-enabled applications, ensuring they meet the minimum lot size requirements.
