Sunlite Recycling Industries Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

12 Aug 2024

Close Date

14 Aug 2024

Allotment

16 Aug 2024

Listing Date

20 Aug 2024

Exchange

NSE SME

Price Band

₹105

Listing Price

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Allotment Status

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Price Band

₹105

Per share

Face Value

₹10 per share

Lot Size

1,200 Shares

per lot

Issue Size

28,80,000 shares (aggregating up to ₹30.24 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹126,000

1 lot

Pre-IPO Holding

80,00,000 shares

Promoters

Post-IPO Holding

1,08,80,000 shares

Promoters

P/E (Pre)

9.43x

P/E (Post)

12.83x

EPS (Pre)

₹11.13

EPS (Post)

₹8.18

UPI Deadline

2024-08-14

Mandate

Anchor AllotmentSun, 11 Aug 2024

Basis of AllotmentFri, 16 Aug 2024

Refund InitiationMon, 19 Aug 2024

Demat CreditMon, 19 Aug 2024

Listing DayTue, 20 Aug 2024

UPI Mandate Deadline2024-08-14

Sale TypeFresh Capital

Net Offer to Public27,31,200 shares (aggregating up to ₹28.68 Cr)

Market Maker Quota1,48,800 shares (aggregating up to ₹1.56 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Sunlite Recycling Industries Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 14 Aug 2024.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	148,800	—	₹1.56
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	2,880,000	100%	₹30.24

IPO Shares Offered

Sunlite Recycling Industries Ltd IPO total issue size: ₹30.24 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	148,800	₹1.56	5.17%
Total	2,880,000	₹30.24	100.00%

* Based on upper price band ₹105 per share

Lot Size & Investment

Lot Size

1,200

Shares per Lot

Issue Price

₹105.00

Upper Band

Min Investment

₹126,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	2,400	₹252,000
Retail (Max — 13 Lots)	13	15,600	₹1,638,000
S-HNI (Min — 14 Lots)	14	16,800	₹1,764,000
B-HNI (Min — 68 Lots)	68	81,600	₹8,568,000

* Issue Price ₹105 × Lot Size 1,200 shares

IPO Schedule

Anchor

11 Aug 2024

✓ Done

IPO Open

12 Aug 2024

✓ Done

IPO Close

14 Aug 2024

✓ Done

Allotment

16 Aug 2024

✓ Done

Refunds

19 Aug 2024

✓ Done

Demat Credit

19 Aug 2024

✓ Done

Listing Day

20 Aug 2024

✓ Done

₹105.00

INR · NSE

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Issue ₹105.00 Live Price

About Sunlite Recycling Industries Ltd

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.

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 the company.

General Corporate Purpose.

Sunlite Recycling Industries Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹93,791.8

31 Mar 2022

₹115,039.9

31 Mar 2023

₹116,655.1

31 Mar 2024

Profit After Tax (PAT)

₹426.0

31 Mar 2022

₹560.3

31 Mar 2023

₹890.4

31 Mar 2024

Particulars	31 Mar 2024	31 Mar 2023	31 Mar 2022
Revenue from Operations	116655.09	115039.91	93791.80
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	890.36	560.27	426.03
Net Worth	2003.90	362.08	1158.58
Total Assets	6321.24	7162.56	4802.05
Reserves & Surplus	1203.90	312.08	N/A
Borrowings	3491.74	4646.82	2532.38
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	0.76%	—	—

P/BV Ratio

2.41

RoE

75.26%

RoCE

29.49%

RoNW

44.43%

PAT Margin

0.76%

Debt/Equity

1.74

Issue Structure & Shareholding

Total Shares Offered28,80,000 (100.00%)

Net Offer to Public27,31,200 shares (aggregating up to ₹28.68 Cr)

Reserved for Market Maker1,48,800 shares (aggregating up to ₹1.56 Cr)

Pre-Issue Promoter Holding80,00,000 shares

Post-Issue Promoter Holding1,08,80,000 shares

P/BV Ratio2.41

RoE75.26%

RoCE29.49%

Debt / Equity1.74

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Cameo Corporate Services Ltd.

+91-44-28460390

ipo@cameoindia.com

https://ipo.cameoindia.com/

Check Allotment

Book Running Lead Managers

Hem Securities Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Sunlite Recycling Industries Ltd IPO subscribed? ▲

Sunlite Recycling Industries Ltd IPO is subscribed 1.00 times by Aug 14, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Sunlite Recycling Industries Ltd IPO retail subscription status? ▼

The Sunlite Recycling Industries Ltd IPO retail category is subscribed 1.00 times as of 14 Aug 2024. The retail portion is oversubscribed.

How to subscribe Sunlite Recycling Industries Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 12 Aug 2024 and closes 14 Aug 2024. Min investment: ₹126,000 (1 lot = 1,200 shares). UPI mandate: 2024-08-14.

How many times Sunlite Recycling Industries Ltd IPO subscribed? ▼

The Sunlite Recycling Industries Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Sunlite Recycling Industries Ltd IPO allotment? ▼

Check allotment on the registrar website (Cameo Corporate Services Ltd.) at https://ipo.cameoindia.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 16 Aug 2024. Refunds: on 19 Aug 2024.

When Sunlite Recycling Industries Ltd IPO will be listed? ▼

The Sunlite Recycling Industries Ltd IPO listing date is 20 Aug 2024, Tuesday. Listed on: NSE SME. Issue price: ₹105. Estimated listing: ₹105. GMP: NIL.

When Sunlite Recycling Industries Ltd IPO close? ▼

The Sunlite Recycling Industries Ltd IPO closes on 14 Aug 2024, Wednesday. UPI mandate: 2024-08-14. Allotment: 16 Aug 2024. Listing: 20 Aug 2024.

Quick Actions

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Live Price LIVE

Last Price₹105.00

Change—

Issue Price₹105.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹105

Face Value₹10

Lot Size1,200 Sh

Min. Amount₹126,000

GMPNIL

Est. Listing₹105

Subscribed1.00x

Open Date12 Aug 2024

Close Date14 Aug 2024

Allotment16 Aug 2024

Listing Date20 Aug 2024

ExchangeNSE SME

UPI Deadline2024-08-14