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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹30.24 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹30.24 Cr |
| Fresh Issue | ₹28.68 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹100.00-105.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | SUNLITE |
| Registrar | Cameo Corporate Services Ltd. |
| Lead Managers |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,200 shares and in multiples thereof
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure towards installation of new Plant & Machinery | 4.05 |
| 2 | Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company | 15.80 |
| 3 | General Corporate Purpose | 7.26 |
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 63.21 | 71.63 | 48.02 | 37.43 |
| Total Income | 1,166.55 | 1,150.40 | 937.92 | 394.01 |
| Profit After Tax | 8.90 | 5.60 | 4.26 | 2.53 |
| NET Worth | 20.04 | 3.62 | 11.59 | 6.22 |
| Reserves and Surplus | 12.04 | 3.12 | ||
| Total Borrowing | 34.92 | 46.47 | 25.32 | 17.11 |
| Amount in ₹ Crore | ||||
| KPI | |
|---|---|
| ROE | 75.26% |
| ROCE | 29.49% |
| Debt / Equity | 1.74% |
| RoNW | 44.43% |
| PAT Margin | 0.76% |
| Price to Book Value | 2.41 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 11.13 | 8.18 |
| P/E (x) | 9.43 | 12.83 |
| Promoter Holding | 100% | 73.53% |
| Market Cap | ₹114.24 Cr. | |
