Sunlite Recycling Industries Limited 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. 851.68 Crore and employed 38 people as on March 31, 2024.
Sunlite Recycling IPO – Details
| IPO Opening Date | 12 August 2024 |
| IPO Closing Date | 14 August 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 28,80,000 Shares Worth ₹30.24 Crore Fresh Issue: 28,80,000 Shares Worth ₹30.24 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹100 – ₹105 |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Cameo Corporate Services Limited |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
Sunlite Recycling IPO – Date Schedule
| IPO Open Date | 12 August 2024 |
| IPO Close Date | 14 August 2024 |
| Basis of Allotment | 16 August 2024 |
| Initiation of Refund | 19 August 2024 |
| Credit of Shares to Demat Account | 19 August 2024 |
| IPO Listing Date | 20 August 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 14, 2024 |
Sunlite Recycling IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,26,000 |
| Retail (Max) | 1 | 1200 | ₹1,26,000 |
| HNI (Min) | 2 | 2400 | ₹2,52,000 |
Competitive Strengths
- Strong portfolio and diverse range of copper products.
- Stringent quality control mechanism ensuring standardized product quality.
- Revenue from multiple geographies in India.
- Experienced Senior Management.
Company Promoters
- Nitin Kumar Heda
- Prahladrai Ramdayal Heda
- Khushboo Manishkumar Heda
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 394.00 | 390.25 | 2.52 | 17.11 |
| 31 March 2022 | 937.91 | 932.27 | 4.26 | 25.32 |
| 31 March 2023 | 1150.39 | 1142.84 | 5.60 | 46.46 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 75.26% |
| ROCE | 29.49% |
| Debt/Equity | 1.74 |
| RoNW | 44.43% |
| P/BV | 2.41 |
| PAT Margin (%) | 0.76 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 11.13 | 8.18 |
| P/E (x) | 9.43 | 12.83 |
Object Of The Issue
- Funding of capital expenditure towards the installation of new Plant & Machinery.
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by the company.
- General Corporate Purpose.
Sunlite Recycling IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.53% |
Sunlite Recycling IPO Prospectus
Company Contact Information
| Sunlite Recycling Industries Limited Survey No. 270A & Plot No. 1, Survey No. 267, Chhatha Mile, Dantali, Vaso, Kheda – 387350 Phone: +91-9265111757 Email: cs@sunliteindustries.com Website: http://www.sunliteindustries.com/ |
Sunlite Recycling IPO Registrar
| Cameo Corporate Services Limited Phone: +91-44-28460390 Email: ipo@cameoindia.com Website: https://ipo.cameoindia.com/ |
Sunlite Recycling IPO Lead Manager(s)
| 1. Hem Securities Limited |
Sunlite Recycling IPO FAQs
| What is Sunlite Recycling IPO? Sunlite Recycling IPO is a SME IPO. The issue is priced at ₹100 and ₹105 per equity share. The IPO is to be listed on NSE SME. |
| When Sunlite Recycling IPO will open? The IPO is to open on 12 August 2024 for QIB, NII, and Retail Investors. |
| What is Sunlite Recycling IPO Investors Portion? The investors’ portion for QIB- 50%, Retail – 35%, NII – 15%. |
| How to Apply the Sunlite Recycling IPO? You can apply Sunlite Recycling IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Sunlite Recycling IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Sunlite Recycling IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Sunlite Recycling IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Sunlite Recycling IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Sunlite Recycling IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Sunlite Recycling IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Sunlite Recycling IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Sunlite Recycling IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Sunlite Recycling IPO Size? Positron Energy IPO size is ₹30.24 Crore. |
| What is Sunlite Recycling IPO Price Band? Sunlite Recycling IPO Price Band is ₹100 – ₹105. |
| What is Sunlite Recycling IPO Minimum and Maximum Lot Size for retail? The minimum bid is 1200 Shares with ₹1,26,000 amount while the maximum bid is 1200 Shares with ₹1,26,000. |
| What is the Sunlite Recycling IPO Allotment Date? Sunlite Recycling IPO allotment date is 16 August 2024. |
| What is the Sunlite Recycling IPO Listing Date? Sunlite Recycling IPO listing date is 20 August 2024. The IPO is to be listed on NSE SME. |
