SUNLITE RECYCLING INDUSTRIES LTD(NSE SME)
Aug 12, 2024 - Aug 14, 2024
| Price | ₹100 - ₹105 |
| Premium | ₹79 |
|---|---|
| Lot size | 1200 |
| Allotment | Aug 16, 2024 |
| Listing | Aug 20, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1200 | 126000 | 797 |
| HNI | 2 | 2400 | 252000 | 342 |
Last updated on 14-Aug-2024 17:02:03
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 546000 | 59544000 | 109.05 |
| NIB | 410400 | 239862000 | 584.46 |
| RETAIL | 956400 | 241012800 | 252 |
| Total | 1912800 | 540418800 | 282.53 |
| Retail Apps | 200844 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹82.38 | @8% ₹94.15 | @9% ₹105.92 | @10% ₹117.69 | @11% ₹129.46 | @12% ₹141.23 |
About
IPO Resercation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.20% | 956400 |
| NII (HNI) | 14.25% | 410400 |
| Anchor | 28.42% | 818400 |
| QIB | 18.96% | 546000 |
| Market Maker | 5.17% | 148800 |
| Total | 100.00% | 2880000 |
IPO Details
| Issue Size | 28,80,000 shares (aggregating up to 30.24 Cr) |
| Fresh Issue | 28,80,000 shares (aggregating up to 30.24 Cr) |
| Face Value | 10/- per share |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 80,00,000 |
| Share holding post issue | 10,880,000 |
| Market Maker's Portion | 148,000 Shares |
Key Performance Indicators
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 75.26% | 73.69% | 47.85% |
| ROCE | 29.49% | 24.05% | 22.85% |
| RONW | 44.43% | 154.74% | 36.77% |
| EPS (basic) | 19.35 | 14.01 | 10.65 |
| P/E Pre IPO | 9.43 | ||
| P/E Post IPO | 12.83 |
Financial Statement (Restated)
| Period Ended | Mar-24 | Mar-23 | Mar-22 | Mar-21 |
|---|---|---|---|---|
| Assets | 6,321.24 | 7,162.56 | 4,802.05 | 3,743.20 |
| Revenue | 116,655.09 | 115,039.91 | 93,791.80 | 39,400.84 |
| Profit After Tax | 890.36 | 560.27 | 426.03 | 252.55 |
| Net Worth | 2,003.90 | 362.08 | 1,158.58 | 622.18 |
| Reserves and Surplus | 1,203.90 | 312.08 | ||
| Total Borrowing | 3,491.74 | 4,646.82 | 2,532.38 | 1,711.39 |
| Amount in Lakhs | ||||
About Company
Established in 2012, Sunlite Recycling Industries Limited specializes in manufacturing copper rods and wires, copper earthing wires, copper earthing strips, copper conductors, and copper wire rods by recycling copper scrap for the power generation, transmission, distribution, and electronics industries. The company's diverse product portfolio includes various grades, thicknesses, widths, and standards of copper products tailored to customer specifications. With a registered office and manufacturing facility in Kheda, Gujarat, spanning approximately 12,152 square metres and equipped with over 20 machines, Sunlite Recycling Industries produces a wide range of copper products. As of March 31, 2024, the company recorded a total revenue from operations of Rs. 85,168.31 lacs and employed 38 people.
Lead Manager(s)
Hem Securities ltd.
Strength
Strong Portfolio and Diverse Range: Sunlite Recycling Industries Limited offers a wide variety of copper products in different grades, thicknesses, and standards, catering to various industry needs.
Stringent Quality Control: The company maintains rigorous quality control mechanisms to ensure standardized and high-quality copper products.
Revenue from Multiple Geographies: Sunlite Recycling Industries generates revenue from various regions across India, diversifying its market presence and reducing dependence on a single geographic area.
Weakness
Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/