Sunlite Recycling Industries Limited

12 Aug 2024 - 14 Aug 2024 Individual Category SME NSE

Min Investment

₹126000

Price Band

₹100-₹105

Issue Size

20.62 lakhs
Equity Shares

Lot Size

1200

IPO Dates
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12 Aug 2024

Open Date

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14 Aug 2024

Close Date

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16 Aug 2024

Allotment Date

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20 Aug 2024

Listing Date

Sunlite Recycling Industries IPO is open for subscription starting Monday, August 12, 2024, and closing on Wednesday, August 14, 2024. This upcoming IPO's price is Rs 100 to Rs 105 per share. The minimum lot size set for the retail category is 1200 shares.    Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 2400 shares. The minimum investment required for retail category investors is Rs 1,26,000 (105 x 1200 shares). However, for the HNI category, the minimum investment amount required is Rs 2,52,000 (105 x 2400 shares).    Sunlite Recycling Industries IPO is a book-built issue of Rs 30.24 crores. This upcoming IPO is an entirely fresh issue of 28.8 lakh equity shares. The allotment for this new IPO is expected to be finalised on Friday, August 16, 2024. Sunlite Recycling Industries IPO will be listed on NSE SME on Tuesday, August 20, 2024. HEM Securities Limited is the book-running lead manager, Cameo Corporate Services Limited is the registrar, and Hem Finlease is the market maker for this IPO.

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About Sunlite Recycling Industries Limited

Sunlite Recycling Industries was established in 2012, engaged in the business of manufacturing copper rods and wires, copper earthing wires, copper earthing strips, copper conductors, copper wire rods.    The company recycles copper scrap for power generation, transmission, distribution and electronics industries.  The company’s 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.    Sunlite Recycling 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. As per latest information, the company employed 38 people as on March 31, 2024.

Founded

2012

Managing Director

Nitin Kumar Heda, Prahladrai Ramdayal Heda & Khushboo Manishkumar Heda

Parent Organization

IPO Objectives

The amount raised through this IPO will be used for the funding of the capex toward the purchase and installation of new plant and machinery. Additionally, to repay or prepayment of the certain borrowing of the company and fulfilling the general corporate purposes.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

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