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SME IPO Status: Listed [12th Aug 2024 to 14th Aug 2024]
Sunlite Recycling Industries IPO, a SME IPO of ₹30.24 Cr was launced on 12-08-2024 to 14-08-2024 and the shares got listed on NSE SME on 20-08-2024.
The public issue of Sunlite Recycling Industries IPO (SUNLITE) was offered at ₹105.00 per share and the ipo was listed at ₹199.5. It has delivered listing gain of 90.00%.
As the minimum lot size was 1200 shares, the IPO has offered Rs 113400.00 per lot return on listing.
| SME IPO Issue Opening Date: | 12th Aug 2024 |
| SME IPO Issue Closing Date: | 14th Aug 2024 |
| SME IPO Issue Price: | ₹100.00-105.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35.00% of the Offer |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹30.24 Cr |
| Fresh Issue: | ₹30.24 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | 73.53% |
| Allotment Status: | Allotment Status |
| NSE Code: | SUNLITE |
Get important updates regarding Sunlite Recycling Industries SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 16th Aug 2024 |
| Refunds Initiation* | 19th Aug 2024 |
| Credit of Shares to Demat* | 19th Aug 2024 |
| SME IPO Listing Date* | 20th Aug 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹100.00-105.00 |
| Market Lot: | 1200 Shares |
| 1 Lot Amount: | ₹126000 |
| Min HNI Lots: | 2400 shares (2 lots)- ₹252000 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 20-08-2024 | 105.00 | 79 | 72000 | ₹184 (75.24%) | 20-Aug-2024 10:32 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Sunlite Recycling Industries Limited was founded in September 2017. The company is engaged in the manufacture of copper rods and wires, copper earthing wires, copper earthing strips, copper conductors, copper wire rods etc. by recycling copper scrap with electrical and mechanical properties suitable for applications in power generation, transmission, distribution and electronics industries. In addition, the company also offers contract work for the processing of various copper products.
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. Copper production focuses on environmental and safety aspects. Its approach includes recycling copper scrap using electricity from solar energy and clean natural gas, reducing the pollution associated with traditional petroleum-based energy sources. Copper is one of the most recycled metals of all.
| Incorporation | Sector | IPO Issue Size | Website |
| 2017 | Aluminium Copper & Zinc Products | ₹30.24 Cr | http://www.sunliteindustries.com/ |
The company intends to utilize the proceeds of the Issue to meet the following objectives:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE SME.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 546,000 (28.54%) | 410,400 (21.46%) | 956,400 (50%) | 1,912,800 | |
| 1 | 12th Aug 2024 19:31 | 2.62x | 8.39x | 11.67x | 8.38x |
| 2 | 13th Aug 2024 19:31 | 6.12x | 24.02x | 41.68x | 27.74x |
| 3 | 14th Aug 2024 18:21 | 109.05x | 584.10x | 252.00x | 282.45x |
Sunlite Recycling Industries Limited's revenue increased by 1.4% and profit after tax (PAT) rose by 58.92% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| 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 | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Sunlite Recycling Industries Limited | 19.35 | 19.35 | 14.99 | 44.43 | ||
| Rajnandini Metal Limited | 0.55 | 0.55 | 24.71 | 26.94 | ||
| Bhagyanagar India Ltd. | 14.29 | 14.29 | 7.67 | 23.65 |
Last Updated on 24-Aug-2024 07:03:27
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Sunlite Recycling Industries SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Sunlite Recycling Industries SME IPO with Zerodha.
Alternate approch to apply in Sunlite Recycling Industries SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Sunlite Recycling Industries SME IPO Review and Important Updates
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To subscribe or apply in Sunlite Recycling Industries SME IPO, you can use the following methods:
| Sunlite Recycling Industries SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Sunlite Recycling Industries SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Sunlite Recycling Industries SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Sunlite Recycling Industries SME IPO. Most of the Syndicate Banks provide access to apply in Sunlite Recycling Industries IPO via ASBA process. You must have your net banking access, DP ID information to apply in Sunlite Recycling Industries SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Sunlite Recycling Industries SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Sunlite Recycling Industries SME IPO Review and Important Updates
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Sunlite Recycling Industries SME IPO is going to be list on 20-08-2024. NSE Code for Sunlite Recycling Industries is SUNLITE.
Other relevant questions:
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Sunlite Recycling Industries SME IPO Allotment Date is 16-08-2024.
Other relevant questions:
Sunlite Recycling Industries SME IPO share allotment date?Sunlite Recycling Industries SME IPO allotment date?
