Sunlite Recycling Industries Ltd
Price Range
₹100 - ₹105
Min. Quantity
1,200
Closes on
14 August 2024
Min. investment
₹1,26,000/1,200 Shares
Sunlite Recycling Industries Ltd IPO Timeline
Sunlite Recycling Industries Limited was originally formed as Partnership Firm in the name and style of 'M/s. Sunlite Industries, pursuant to a Deed of Partnership dated September 28, 2017. Later on, 'M/s Sunlite Industries' was converted from Partnership Firm to a Private Limited Company with the name and style of 'Sunlite Alucop Private Limited' and received a Certificate of Incorporation dated August 04, 2022 issued by the Registrar of Companies. Further, the name changed from 'Sunlite Alucop Private Limited' to 'Sunlite Recycling Industries Private Limited' through a fresh Certificate of Incorporation dated January 18, 2024. Subsequently, Company was converted into a Public Limited Company and the name was recognized as 'Sunlite Recycling Industries Limited' vide a fresh Certificate of Incorporation dated April 30, 2024 issued by the Registrar of Companies, Central Processing Centre.
| Event | Date |
|---|---|
| Sunlite Recycling Industries Ltd IPO Opening Date | 12 August 2024 |
| Sunlite Recycling Industries Ltd IPO Closing Date | 14 August 2024 |
| Basis of Allotment | 16 August 2024 |
| Initiation of Refunds | 16 August 2024 |
| Credit of Shares to Demat | 19 August 2024 |
| Sunlite Recycling Industries Ltd IPO Listing Date | 20 August 2024 |
Sunlite Recycling Industries Ltd IPO Details
| Sunlite Recycling Industries Ltd IPO Date | 12 August 2024 to 14 August 2024 |
| Sunlite Recycling Industries Ltd IPO Face Value | ₹10 per share |
| Sunlite Recycling Industries Ltd IPO Price | ₹100 to ₹105 per share |
| Sunlite Recycling Industries Ltd IPO Lot Size | 1,200 |
| Issue Size | Shares of ₹10 (aggregating up to ₹30.24 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹30.24 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Nitin Kumar Heda, Prahladrai Ramdayal Heda, Khushboo Manishkumar Heda |
Sunlite Recycling Industries Ltd IPO Lot Size
The Sunlite Recycling Industries Ltd IPO lot size is 1,200 shares. A retail-individual investor can apply for up to 1 lots (1,200 shares or ₹1,26,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,200 | ₹1,26,000 |
| Maximum | 1 | 1,200 | ₹1,26,000 |
- Strengths
- Risks
- Opportunities
- Strong portfolio and diverse range of copper products.
- Stringent quality control mechanism ensuring standardized product quality.
- Revenue from multiple geographies in India.
- Experienced Senior Management.
Company Financials
Sunlite Recycling Industries Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 63.21 | 1,166.55 | 8.90 |
| 03-2023 | 71.63 | 1,150.4 | 5.60 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding of capital expenditure towards installation of new plant & machinery
- Repayment and /or pre-payment in full or part of certain borrowings availed by the company
- General corporate purposes
Sunlite Recycling Industries Ltd IPO Promoter Holding
| Pre Issue Share Holding | 50% |
| Post Issue Share Holding | 36.76% |
Sunlite Recycling Industries Ltd IPO Subscription Status (Bidding Detail)
The Sunlite Recycling Industries Ltd IPO is subscribed 262.1356 times on 14 August 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 262.1356 |
Sunlite Recycling Industries Ltd IPO Prospectus
Sunlite Recycling Industries Ltd IPO Listing Date
| Listing Date | 20 August 2024 |
| BSE Script | 93134 |
| NSE Symbol | SUNLITE |
| Listing In | NSE - SME |
| ISIN | INE0U2N01013 |
| IPO Price | ₹105 |
| Face Value | ₹10 |
Company Contact Information
Survey No. 270A & Plot No. 267Chhatha Mile Dantali Vaso,Kheda-387350
Phone: +91 92651 11757
Email: cs@sunliteindustries.com
Website: www.sunliteindustries.com
Sunlite Recycling Industries Ltd IPO Registrar
Sunlite Recycling Industries Ltd IPO Lead Manager(s)
- Hem Securities Ltd
FAQ
What is the issue size of Sunlite Recycling Industries Ltd IPO?
I have pre-applied for Sunlite Recycling Industries Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.