Sunlite Recycling Industries IPO Overview: Sunlite Recycling Industries Limited is a Gujarat-based copper rod and wire manufacturing company. Sunlite Recycling Industries IPO is going to open to the public on August 12, 2024 and it will open until August 14, 2024. The share allotment date of the Sunlite Recycling Industries IPO is August 16, 2024 and the listing date is August 20, 2024. This is a fresh-issue, SME book-built initial public offering (IPO), with a total value of ₹30.24 crore for 28 lakh shares. The price band of the Sunlite Recycling Industries IPO is set at ₹100 to ₹105 per share, with a lot size of 1200 shares.
You will find all the information regarding the company and its IPO on this page. This page will be updated regularly with the latest updates regarding the IPO.
Table of Contents
Sunlite Recycling Industries 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 |
| Overall Subscription | 282.34x |
| Share holding pre issue | 8,000,000 |
| Share holding post issue | 10,880,000 |
| Market Maker portion | 148,800 shares |
Sunlite Recycling Industries IPO: Important Dates
All the important dates regarding the Sunlite Recycling Industries Limited IPO are mentioned below. Mark them on your calendar so you don’t miss any events. Sunlite Recycling Industries IPO’s opening date is Monday, August 12, 2024 and the offer will close on Wednesday, August 14, 2024. IPO’s allotment date is on Friday, August 16, 2024 and the listing date is on Tuesday, August 20, 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 |
Today’s GMP for Sunlite Recycling Industries IPO
The last updated Grey Market Premium (GMP) for the Sunlite Recycling Industries Limited IPO is upto ₹87. The offering price for the Sunlite Recycling IPO is between ₹100 to ₹105 per share. By combining the cap price with today’s GMP, the expected listing price of Sunlite Recycling Industries IPO is up to ₹192. The following table displays the trend of the Sunlite Recycling Industries IPO’s GMP over the past few days.
| GMP Date | IPO Price | GMP Price |
| August 20, 2024 | ₹100-₹105 | ₹87 |
| August 19, 2024 | ₹100-₹105 | ₹87 |
| August 18, 2024 | ₹100-₹105 | ₹82 |
| August 17, 2024 | ₹100-₹105 | ₹82 |
| August 16, 2024 | ₹100-₹105 | ₹80 |
| August 15, 2024 | ₹100-₹105 | ₹55 |
| August 14, 2024 | ₹100-₹105 | ₹56 |
| August 13, 2024 | ₹100-₹105 | ₹55 |
| August 12, 2024 | ₹100-₹106 | ₹57 |
| August 11, 2024 | ₹100-₹105 | ₹53 |
| August 10, 2024 | ₹100-₹105 | ₹62 |
| August 9, 2024 | ₹100-₹105 | ₹60 |
Other IPO Details-
Sunlite Recycling Industries IPO Lot Size
Sunlite Recycling Industries Limited’s IPO offers a minimum of 1,200 shares per lot. The below table represents the future of minimum and maximum investment for retail investors and HNI concerning shares and amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹126,000 |
| Retail (Max) | 1 | 1200 | ₹126,000 |
| HNI (Min) | 2 | 2,400 | ₹252,000 |
Sunlite Recycling Industries IPO Quota Offers
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Sunlite Recycling Industries Limited IPO Promoter Holdings
| Share Holding Pre-Issue | 100.00% |
| Share Holding Post Issue | 73.53% |
Sunlite Recycling Industries Limited Financial
| Particular | FY2023-2024 | FY2022-2023 |
|---|---|---|
| Assets | ₹63.21 crore | ₹71.63 crore |
| Revenue | ₹1,166.55 crore | ₹1,150.40 crore |
| Profit After Tax | ₹8.90 crore | ₹5.60 crore |
| Net Worth | ₹20.04 crore | ₹3.62 crore |
| Reserves and Surplus | ₹12.04 crore | ₹3.12 crore |
| Total Borrowing | ₹34.92 crore | ₹46.47 crore |
Sunlite Recycling Industries Limited Company Overview
Sunlite Recycling Industries Limited is a Gujarat-based copper product manufacturing company. It was established in 2012, and in 2023, it will become the 2nd largest importer of copper scraps from all over the world in India. Sunlite Recycling Industries Limited manufactures oxygen free copper-based products such as copper rods and wires, copper earthing wires, copper earthing strips, copper submersible wire and copper conductors. The production capacity of the company is more than 2000 metric tons per month.
Sunlite Recycling Industries Limited Contact Details
Survey No. 270A & Plot No. 1
Survey No. 267, Chhatha Mile,
Dantali, Vaso, and Kheda, PIN-387350
Phone: +91-9265111757
Email: [email protected]
FAQs
1. What is the Sunlite Recycling Industries Limited IPO’s GMP price?
The current GMP price of the Sunlite Recycling Industries IPO is ₹87.
2. On which exchange will the Sunlite Recycling Industries Ltd. IPO be listed?
Sunlite Recycling Industries IPO shares are to be listed on the NSE SME.
3. When is the allotment date for the Sunlite Recycling Industries Ltd IPO?
The allotment date of Sunlite Recycling Industries Ltd.’s IPO is August 16, 2024.
4. What are the opening and closing dates of the Sunlite Recycling Industries IPO?
Sunlite Recycling Industries IPO will open on August 12, 2024 & close on August 14, 2024.
5. When is the listing date for the Sunlite Recycling Industries Limited IPO?
Sunlite Recycling Industries IPO’s listing date is Tuesday, August 20, 2024.
Conclusion
Sunlite Recycling Industries Limited is a Gujarat-based copper product manufacturing company and the 2nd largest copper scrap overseas importer in India. The IPO of Sunlite Recycling Industries Limited presents an attractive investment venture in the creative business. Here, the subscription rate, GMP and market outlook show promise, which means that the Sunlite Recycling Industries IPO will receive interest from investors. As the firm is waiting for Sunlite Recycling IPO process, it is at the right time to utilize its industry knowledge and conquer more markets. Potential investors are advised to review their current investment approach and weigh the Sunlite Recycling Industries Limited IPO’s advantages in consideration of today’s global climate.
To get more information and regular updates on the Sunlite Recycling Industries Limited IPO, keep in touch with The Invest Advisory.