Sunlite Recycling Industries IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Aug 12 to Aug 14 2024
Price Band
₹100 - 105
Current GMP
₹199.5(90%)
Subscription
282.45 times
IPO Details
| IPO Date | August 12, 2024 to August 14, 2024 |
| Listing Date | Tuesday, August 20, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹100 to ₹105 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 2,880,000 shares (aggregating up to ₹30.24 Cr) |
| Fresh Issue | 2,880,000 shares (aggregating up to ₹30.24 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 8,000,000 |
| Share holding post issue | 10,880,000 |
| Market Maker portion | 148,800 shares Hem Finlease |
IPO Date
August 12, 2024 to August 14, 2024
Listing Date
Tuesday, August 20, 2024
Face Value
₹10 per share
Price Band
₹100 to ₹105 per share
Lot Size
1200 Shares
Total Issue Size
2,880,000 shares (aggregating up to ₹30.24 Cr)
Fresh Issue
2,880,000 shares (aggregating up to ₹30.24 Cr)
Issue Type
Book Built Issue IPO
Listing At
NSE SME
Share holding pre issue
8,000,000
Share holding post issue
10,880,000
Market Maker portion
148,800 shares Hem Finlease
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 109.05 |
| Non-Institutional Buyers*** | 584.10 |
| Retail Investors | 252.00 |
| Total ** | 282.45 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
109.05
Non-Institutional Buyers***
584.10
Retail Investors
252.00
Total **
282.45
Day Wise Sub
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Aug 12, 2024 | 2.62 | 8.39 | 11.67 | 8.38 |
| Day 2 Aug 13, 2024 | 6.12 | 24.02 | 41.68 | 27.74 |
| Day 3 Aug 14, 2024 | 109.05 | 584.10 | 252.00 | 282.45 |
DayDay 1
Aug 12, 2024
QIB2.62
NII*8.39
Retail11.67
Total8.38
DayDay 2
Aug 13, 2024
QIB6.12
NII*24.02
Retail41.68
Total27.74
DayDay 3
Aug 14, 2024
QIB109.05
NII*584.10
Retail252.00
Total282.45
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 20-08-2024 | 105.00 | 79(75.24%) | 184 |
| 19-08-2024 | 105.00 | 79(75.24%) | 184 |
| 18-08-2024 | 105.00 | 67(63.81%) | 172 |
| 17-08-2024 | 105.00 | 65(61.9%) | 170 |
| 16-08-2024 | 105.00 | 61(58.1%) | 166 |
| 15-08-2024 | 105.00 | 60(57.14%) | 165 |
| 14-08-2024 | 105.00 | 60(57.14%) | 165 |
| 13-08-2024 | 105.00 | 50(47.62%) | 155 |
| 12-08-2024 | 105.00 | 40(38.1%) | 145 |
| 11-08-2024 | 105.00 | 20(19.05%) | 125 |
| 10-08-2024 | 105.00 | 20(19.05%) | 125 |
| 09-08-2024 | 105.00 | 20(19.05%) | 125 |
| 08-08-2024 | 105.00 | 15(14.29%) | 120 |
Date20-08-2024
Price105.00
GMP79(75.24%)
Estimate List Price184
Date19-08-2024
Price105.00
GMP79(75.24%)
Estimate List Price184
Date18-08-2024
Price105.00
GMP67(63.81%)
Estimate List Price172
Date17-08-2024
Price105.00
GMP65(61.9%)
Estimate List Price170
Date16-08-2024
Price105.00
GMP61(58.1%)
Estimate List Price166
Date15-08-2024
Price105.00
GMP60(57.14%)
Estimate List Price165
Date14-08-2024
Price105.00
GMP60(57.14%)
Estimate List Price165
Date13-08-2024
Price105.00
GMP50(47.62%)
Estimate List Price155
Date12-08-2024
Price105.00
GMP40(38.1%)
Estimate List Price145
Date11-08-2024
Price105.00
GMP20(19.05%)
Estimate List Price125
Date10-08-2024
Price105.00
GMP20(19.05%)
Estimate List Price125
Date09-08-2024
Price105.00
GMP20(19.05%)
Estimate List Price125
Date08-08-2024
Price105.00
GMP15(14.29%)
Estimate List Price120
IPO Important Dates
| 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 |
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
IPO 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 |
ApplicationRetail (Min)
Lots1
Shares1200
Amount₹126,000
ApplicationRetail (Max)
Lots1
Shares1200
Amount₹126,000
ApplicationHNI (Min)
Lots2
Shares2,400
Amount₹252,000
Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 6,321.24 | 7,162.56 | 4,802.05 |
| Revenue | 116,655.09 | 115,039.91 | 93,791.80 |
| Profit After Tax | 890.36 | 560.27 | 426.03 |
| Net Worth | 2,003.90 | 362.08 | 1,158.58 |
| Reserves and Surplus | 1,203.90 | 312.08 | |
| Total Borrowing | 3,491.74 | 4,646.82 | 2,532.38 |
Period EndedPeriod Ended
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
31 Mar 20246,321.24
31 Mar 20237,162.56
31 Mar 20224,802.05
Period EndedRevenue
31 Mar 2024116,655.09
31 Mar 2023115,039.91
31 Mar 202293,791.80
Period EndedProfit After Tax
31 Mar 2024890.36
31 Mar 2023560.27
31 Mar 2022426.03
Period EndedNet Worth
31 Mar 20242,003.90
31 Mar 2023362.08
31 Mar 20221,158.58
Period EndedReserves and Surplus
31 Mar 20241,203.90
31 Mar 2023312.08
31 Mar 2022
Period EndedTotal Borrowing
31 Mar 20243,491.74
31 Mar 20234,646.82
31 Mar 20222,532.38
Key Performance Indicator
| ROE | 75.26% |
| ROCE | 29.49% |
| Debt/Equity | 1.74 |
| RoNW | 44.43% |
| P/BV | 2.41 |
| PAT Margin (%) | 0.76 |
| EPS (Rs) | 11.13 |
ROE
75.26%
ROCE
29.49%
Debt/Equity
1.74
RoNW
44.43%
P/BV
2.41
PAT Margin (%)
0.76
EPS (Rs)
11.13
IPO Reservation
| Anchor Investor Shares Offered | 818,400 (28.42%) |
| Market Maker Shares Offered | 148,800 (5.17%) |
| QIB Shares Offered | 546,000 (18.96%) |
| NII (HNI) Shares Offered | 410,400 (14.25%) |
| Retail Shares Offered | 956,400 (33.21%) |
| Total Shares Offered | 2,880,000 (100%) |
Anchor Investor Shares Offered
818,400 (28.42%)
Market Maker Shares Offered
148,800 (5.17%)
QIB Shares Offered
546,000 (18.96%)
NII (HNI) Shares Offered
410,400 (14.25%)
Retail Shares Offered
956,400 (33.21%)
Total Shares Offered
2,880,000 (100%)
Information about company
Sunlite Recycling Industries Limited was established in 2012 and manufactures copper rods and wires, copper earthing wires, copper earthing strips, copper conductors, copper wire rods etc. by recycling copper scrap for power generation, transmission, distribution and electronics industries.
The company's product portfolio offers a diversified product range that includes a variety of grades, thicknesses, widths and standards in all types of copper products according to customer specifications.
Sunlite Recycling Industries currently has a registered office and manufacturing facility in Kheda, Gujarat, with a total area of approximately 12,152 square metres and over 20 machines for manufacturing a wide range of copper products.
The company recorded a total revenue from operations of Rs. 85,168.31 lacs and employed 38 people as on March 31, 2024.
Objectives of IPO
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.
Disclaimer
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