Sunlite Recycling Industries Limited IPO
- IPO Date12 Aug, 2024 to 14 Aug, 2024
- Listing Date20 Aug, 2024
- Face Value₹10 per share
- Issue Price₹100 to ₹105 per share
- Lot Size1200 Shares
- Minimum Investment₹1,26,000
- Listing AtNSE SME
- Total Issue Size28,80,000 Shares
(aggregating up to ₹30.24 Cr) - Fresh Issue28,80,000 Shares
(aggregating up to ₹30.24 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue80,00,000
- Shareholding post issue1,08,80,000
IPO Dates
Closing Date
14 Aug, 2024
Initiation of Refunds
19 Aug, 2024
Listing Date
20 Aug, 2024
12 Aug, 2024
Opening Date
16 Aug, 2024
Basis of Allotment
19 Aug, 2024
Credit of Shares
Sunlite Recycling Industries Limited Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,26,000 |
| B-HNI (Min) | - | - | - |
| S-HNI (Min) | 2 | 2400 | ₹2,52,000 |
| S-HNI (Max) | - | - | - |
| Retail (Max) | 1 | 1200 | ₹1,26,000 |
Sunlite Recycling Industries Limited Promoter Holding
Nitin Kumar Heda, Prahladrai Ramdayal Heda & Khushboo Manishkumar Heda are the company's promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | - |
Sunlite Recycling Industries Limited COMPANY INFORMATION
Sunlite Recycling Industries IPO is a book built issue of Rs 30.24 crores. The issue is entirely a fresh issue of 28.8 lakh shares. Sunlite Recycling Industries IPO opens for subscription on August 12, 2024 and closes on August 14, 2024. The allotment for the Sunlite Recycling Industries IPO is expected to be finalized on Friday, August 16, 2024. Sunlite Recycling Industries IPO will list on NSE SME with tentative listing date fixed as Tuesday, August 20, 2024. Sunlite Recycling Industries IPO price band is set at ₹100 to ₹105 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹126,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹252,000. Hem Securities Limited is the book running lead manager of the Sunlite Recycling Industries IPO, while Cameo Corporate Services Limited is the registrar for the issue. Refer to Sunlite Recycling Industries IPO DRHP for detailed information.
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.
Sunlite Recycling Industries Limited IPO
Sunlite Recycling Industries Limited is launching its Initial Public Offering (IPO) with a fresh issue of up to 28,80,000 equity shares. This analysis highlights the key points from the Draft Red Herring Prospectus (DRHP) and provides an SEO-optimized summary, along with a list of pros and cons.
Company Overview
Sunlite Recycling Industries Limited, formerly known as Sunlite Alucop Private Limited, is a company based in Gujarat, India. The company specializes in recycling and has undergone multiple name changes and restructuring to become a public limited company.
IPO Details
- Issue Size: Fresh issue of up to 28,80,000 equity shares.
- Face Value: ?10 per equity share.
- Listing: Proposed to be listed on the SME Platform of NSE (NSE Emerge).
- Price Band: To be determined in consultation with the Book Running Lead Manager (BRLM).
Key Highlights
Promoters
- Nitin Kumar Heda
- Prahladrai Ramdayal Heda
- Khushboo Manishkumar Heda
Registered Office
- Address: Survey No. 270A & Plot No. 1, Survey No. 267, Chhatha Mile, Dantali, Vaso, Kheda - 387350, Gujarat, India.
Risks
- The IPO carries general investment risks including the potential loss of the entire investment.
- The issue price and market price post-listing may vary significantly.
Pros and Cons
Pros
- Strategic Market Position: The company operates in the recycling industry, which is gaining importance due to environmental concerns.
- Growth Potential: Potential for expansion and scaling due to increasing demand for recycled materials.
- Experienced Promoters: The promoters have significant experience in the industry, which can drive the company's growth.
- Listing Benefits: Listing on NSE Emerge will provide better visibility and access to capital.
Cons
- Market Risks: Fluctuations in market demand and prices for recycled materials can impact profitability.
- Regulatory Risks: Changes in environmental regulations and compliance requirements may pose challenges.
- Investment Risk: As with any equity investment, there is a risk of losing the entire investment.
- Competition: The recycling industry is competitive, with both local and international players.
Conclusion
Sunlite Recycling Industries Limited's IPO presents an opportunity for investors interested in the growing recycling sector. While there are significant growth prospects, potential investors should carefully consider the associated risks and conduct thorough due diligence.
FAQs About Sunlite Recycling Industries Limited Ipo
Sunlite Recycling Industries Limited IPO will open on 12 Aug, 2024 and close on 14 Aug, 2024. Investors must apply within this period to participate.
The Sunlite Recycling Industries Limited IPO price band is set between ₹100.00 and ₹105.00 per share. The minimum lot size is 1200, requiring an investment of at least ₹126000.00.
The Sunlite Recycling Industries Limited IPO shares are expected to be listed on 20 Aug, 2024, subject to regulatory approvals and final allotment.
You can track your Sunlite Recycling Industries Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Sunlite Recycling Industries Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.