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Sunlite Recycling Industries Limited IPO (Sunlite Recycling Industries IPO) Details

Sunlite Recycling Industries Limited

Sunlite Recycling Industries IPO's overview

Sunlite Recycling Industries IPO is a book built issue of ₹30.24 Cr (30,24,00,000). The issue includes a fresh issue of 28.80 Lakh (28,80,000) shares aggregating to ₹30.24 Cr (30,24,00,000).

Sunlite Recycling Industries IPO bidding started from Aug 12, 2024 and ended on Aug 14, 2024. The allotment for Sunlite Recycling Industries IPO was finalized on Aug 16, 2024. The shares got listed on NSE on Aug 19, 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 ₹1.20 Lakh (1,20,000).

Refer to Sunlite Recycling Industries IPO RHP for detailed information.

  • IPO date

    Aug 12,2024 - Aug 14,2024

  • Listing Date

    Aug 19,2024

  • Face value

    ₹10

  • Price Band

    ₹100 to ₹105 per share

  • Lot

    ₹1200 Shares

  • Total Issue Size

    28.80 Lakh (28,80,000)

    aggregating up to ₹30.24 Cr (30,24,00,000)

  • Fresh Issue

    28.80 Lakh (28,80,000)

    aggregating up to ₹30.24 Cr (30,24,00,000)

  • Issue Type

    Book Building

  • IPO Type

    SME

  • Listing At

    NSE

  • Mon, Aug 12, 2024

    IPO Open

  • Wed, Aug 14, 2024

    IPO Close

  • Fri, Aug 16, 2024

    Basis of Allotment

  • Sun, Aug 18, 2024

    Initiation of Refunds

  • Sun, Aug 18, 2024

    Credit of Shares to Demat

  • Mon, Aug 19, 2024

    Listing

Sunlite Recycling Industries IPO Day-wise IPO GMP Trend

Sunlite Recycling Industries IPO last GMP is ₹65, last updated Aug 18,2024. With the price band of 105.00, Sunlite Recycling Industries IPO's estimated listing price is ₹170 (cap price + today's GMP).The expected percentage gain/loss per share is 61.90%.

DateIPO PriceGMPEstimated Listing PriceLast Updated
18-Aug-24105.0065
170(61.90%)18-Aug-2024 16:57
17-Aug-24105.0065
170(61.90%)17-Aug-2024 23:29
16-Aug-24105.0061
166(58.10%)16-Aug-2024 23:32
15-Aug-24105.0060
165(57.14%)15-Aug-2024 23:29
14-Aug-24105.0060
165(57.14%)14-Aug-2024 23:31
13-Aug-24105.0050
155(47.62%)13-Aug-2024 23:32
12-Aug-24105.0040
145(38.10%)12-Aug-2024 23:32
11-Aug-24105.0020
125(19.05%)11-Aug-2024 23:25
10-Aug-24105.0020
125(19.05%)10-Aug-2024 23:32
09-Aug-24105.0020
125(19.05%)9-Aug-2024 23:31
08-Aug-24105.0015
120(14.29%)8-Aug-2024 23:27

Sunlite Recycling Industries IPO Lot Size

ApplicationLotsSharesAmount

Retail(Min)

11,200₹1.26 Lakh (1,26,000)

Retail(Max)

11,200₹1.26 Lakh (1,26,000)

HNI(Min)

22,400₹2.52 Lakh (2,52,000)

Sunlite Recycling Industries IPO Reservation

Investor CategoryShares Offered
Offered to QIB5.46 Lakh (5,46,000)
Offered to NII4.10 Lakh (4,10,400)
Offered to RII9.56 Lakh (9,56,400)
Offered to Anchor Investor8.18 Lakh (8,18,400)

Sunlite Recycling Industries IPO Financial Information (Restated Consolidated)

LabelMar 31, 2021Mar 31, 2022Mar 31, 2023Mar 31, 2024
Assets3,743.204,802.057,162.566,321.24
Revenue39,400.8493,791.80115,039.91116,655.09
Profit After Tax252.55 426.03 560.27890.36
Net Worth622.181,158.58362.082,003.90
Reserves and Surplus312.081,203.90
Total Borrowing1,711.392,532.384,646.823,491.74

About Sunlite Recycling Industries Limited

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 IPO's documents

Sunlite Recycling Industries Limited Contact Details

Sunlite Recycling Industries Limited
Survey No. 270A & Plot No. 1,
Survey No. 267, Chhatha Mile,
Dantali, Vaso, Kheda - 387350
Phone: +91-9265111757
Email: [email protected]
Website: http://www.sunliteindustries.com/

Sunlite Recycling Industries IPO's Promoters

Nitin Kumar Heda, Prahladrai Ramdayal Heda & Khushboo Manishkumar Heda are the company's promoters.