Sunlite Recycling Industries Limited
Bookbuilding IPO · NSE
- Price band
- ₹100 - ₹105
- Lot size
- 1,200 shares
- Issue amount
- ₹30.24 cr
- Total subscription
- 282.53×
- Opens
- 12 Aug 2024
- Closes
- 14 Aug 2024
- Allotment
- 16 Aug 2024
- Listing
- 20 Aug 2024
Offer at a glance
Issue overview
- Issue size
- 28,80,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,20,000
- Fresh issue
- ₹30.24 cr
- Offer for sale
- ₹0 cr
- Registrar
- Cameo Corporate Services Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,26,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 80,00,000
- Shares after issue
- 1,08,80,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,200 | ₹1,26,000 |
| HNI | 2 | 2,400 | ₹2,52,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 5.73 | 625.21 |
| RETAIL | 10.04 | 2,530.63 |
Financial performance
Company financials
in Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 19.35 | 14.01 | 10.65 |
| ROE | 75.26 | 73.69 | 47.85 |
| ROCE | 29.49 | 24.05 | 22.85 |
| RONW | 44.43 | 154.74 | 36.77 |
| PRE IPO(PE) | 9.43 | 0 | 0 |
| POST IPO(PE) | 12.83 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Sunlite Recycling Industries Limited, founded in 2012, specializes in manufacturing copper rods, wires, earthing strips, and conductors by recycling copper scrap for industries like power generation, transmission, and electronics. With a 12,152 sq. metre facility in Kheda, Gujarat, equipped with over 20 machines, the company offers a diverse range of copper products in various grades and specifications. As of March 2024, Sunlite Recycling Industries reported a revenue of Rs. 85,168.31 lacs and operated with a dedicated team of 38 employees.
Strengths
- Wide Product Range: Sunlite Recycling Industries Limited provides a diverse selection of copper products in various grades and thicknesses to meet different industry needs.
- High-Quality Standards: The company follows strict quality control processes to ensure reliable and top-notch copper products.
- Broad Market Reach: With revenue coming from multiple regions across India, the company reduces reliance on any single market, ensuring greater stability.
Risk factors
- Raw Material Price Changes: Since copper scrap prices fluctuate and there are no long-term supply agreements, production costs and profits can be affected.
- Regional Dependence: Relying on sales from specific areas means any issues in those regions could impact revenue and operations.
- New Business Challenges: With a shorter operating history, the company may face difficulties in building a long-term market presence and stability.
Promoters
Nitin Kumar Heda
Prahladrai Ramdayal Heda
Khushboo Manishkumar Heda
Registrar & documents
Lead manager
Hem Securities Limited
Registrar & contacts
Cameo Corporate Services Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Survey No. 270A & Plot No. 1, Survey No. 267, Chhatha Mile, Dantali, Vaso, Kheda - 387350
+91-9265111757
[email protected]Company website ↗Understanding SUNLITE IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.