Sunlite Recycling Industries:
Sunlite Recycling Industries Limited IPO Detail: Bidding for Sunlight Recycling Industries IPO began on August 12, 2024, and ended on August 14, 2024. The allotment for Sunlight Recycling Industries IPO is expected to be finalized on Friday, August 16, 2024. Sunlight Recycling Industries IPO will be listed on NSE SME and the tentative listing date has been fixed for Tuesday, August 20, 2024.Sunlight Recycling Industries’ IPO is a book built issue of Rs 30.24 crore. This issue is a completely fresh issue of 28.8 lakh shares. Sunlite Recycling Industries IPO price band is set at ₹100 to ₹105 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹1,26,000. The minimum lot size investment for HNI is 2 lots (2400 shares) amounting to ₹252,000.
Hem Securities Limited is the book running lead manager of the Sunlite Recycling Industries Limited IPO, while Cameo Corporate Services Limited is the registrar for the issue.
Refer to Sunlite Recycling Industries Limited IPO RHP for detailed information.
Sunlite Recycling Industries Limited IPO Important Dates (Tentative Schedule) :
Sunlight Recycling Industries IPO Lot Size :
Investors can bid for a minimum of 1200 shares and in multiples thereof. The table below shows the minimum and maximum investment by retail investors and HNIs in terms of shares and amount.
Sunlite Recycling Industries Limited IPO Details :
IPO Date : August 12, 2024 to August 14, 2024
Listing Date : 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
Share holding pre issue : 80,00,000
Share holding post issue : 1,08,80,000
Market Maker portion : 148,800 shares
Sunlite Recycling Industries IPO Reservation : Sunlite Recycling Industries IPO offers 2,880,000 shares. 546,000 (18.96%) to QIB, 410,400 (14.25%) to NII, 956,400 (33.21%) to RII and 818,400 (28.42%) to Anchor investors.
Investor Category – Shares Offered
Anchor Investor Shares Offered – 818,400 (28.42%)
Market Maker Shares Offered – 148,800 (5.17%)
QIB Shares Offered – 546,000 (18.96%)
NII (HNI) Shares Offered – 410,400 (14.25%)
Retail Shares Offered – 956,400 (33.21%)
Total Shares Offered – 2,880,000 (100%)
Sunlight Recycling Industries Ltd. financial information : Sunlite Recycling Industries Limited’s revenue increased by 1.4% and profit after tax (PAT) rose by 58.92% between the fiscal year ending with March 31, 2024 and March 31, 2023.
Sunlite Recycling Industries Limited Address :
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/
About Sunlight Recycling Industries Ltd. : Established as a proprietorship firm in 2012, manufacturing only Oxygen Free Copper Rods (OFC) with a manufacturing capacity of 250 metric tons per month, Sunlight Recycling Industries Limited (SRIL) has come a long way. As the product portfolio grew significantly over the last decade, the company’s integral position began to expand in the region. As a premium manufacturer of world-class copper products crafted from the finest grades of copper and with a legacy of profound expertise, we offer groundbreaking technologies, innovative service concepts and tailor-made solutions to meet the demands. The obligation to serve prestigious customers and constantly improve sales figures for the sake of trusted stakeholders fills our hearts with immense pride at SRIL.
Our portfolio comprises of Oxygen Free Copper Rods (OFC), Fire-Refined High Conductivity Copper Rods (FRHC), Wires, Earthing Wires, Conductors, Submersible Wires and Earthing Strips. These products cater to every aspect of power transmission and distribution, power generation and electronic applications.
Sunlight Recycling Industries currently has a registered office and manufacturing facility in Kheda, Gujarat, with a total area of approximately 12,152 square meters and over 20 machines for manufacturing a wide range of copper products. The company recorded a total operating revenue of Rs 85,168.31 lakh as of March 31, 2024 and employed 38 people.
Sunlight Recycling Industries Ltd. Board of Directors :
1. Nitin Kumar Heda – Promoter and Managing Director of our Company.
2. Prahladrai Ramdayal Heda – Promoter and Chairman & Whole Time Director of our Company.
3. Khushboo Manishkumar Heda – Promoter and Non-Executive Director of our Company.
4. Ronak Ashokbhai Mehta – The Independent Director of our Company.
5. Jaimish Govindbhai Patel – The Independent Director of our Company.
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