Sun Retail IPO Description – Sun Retail is engaged in the business of trading into refined/filtered edible oils. The company’s major products include cottonseed oil, groundnut oil, sunflower oil. The Company also performs activity of bulk trading of palmolein oil and soyabean oil. Its products are sold under the brand name of “Dharti” and “Dharti SingTel”. The company’s operations are divided in these two major categories:
Wholesale trading
It purchases refined/filtered oils from the local oil refineries as per needed specification and requirements and subsequently, it is sold to Kanel Industries Limited as a bulk trading.
Retail trading
The company purchases refined/filtered oils from the local oil refineries as per needed specification and requirements and subsequently, it is sold to Kanel Industries Limited for re-filtration and thereafter the final product is packed into tin containers, jars, bottles or pouches of different sizes as per requirements. Thereafter, the company re-purchases refined/filtered packed edible oil from Kanel Industries Limited for retail selling in the market. Sun Retail offers refined/filtered edible oil in different packing size ranging from 15kg tin containers, 15 Litre jars, 5 Litre jars, 2 Litre jars, 1 Litre bottle, 1 Litre pouch, 500 ml bottle and 500 ml pouch.
Promoters of Sun Retail – TJR Agrocom Private Limited
| Sun Retail IPO details | |
| Subscription Dates | 27 September – 8 October 2018 |
| IPO Price band | INR23 per share |
| Fresh issue | 4,398,000 shares (INR10.12 crore) |
| Offer for sale | Nil |
| Total IPO size | 4,398,000 shares (INR10.12 crore) |
| Minimum bid (lot size) | 6,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
Use of funds
- Working Capital Requirements- INR7.09 crore
- General Corporate Purpose – INR2.43 crore
- Issue Expenses – INR0.60 crore
| Sun Retail’s financial performance (in INR crore) | ||||||
| FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | ||
| Total revenue | 16.44 | 23.10 | 25.63 | 68.06 | 65.32 | |
| Total expenses | 16.44 | 23.09 | 25.70 | 67.79 | 64.97 | |
| Profit after tax | 0.00 | 0.01 | 0.04 | 0.19 | 0.23 | |
Sun Retail’s Contact Details
Sun Retail Limited
213/214, Phase-II GIDC
Naroda
Ahmedabad – 382330
Phone: +91 079- 22843366
Email: [email protected]
Website: www.dhartisingtel.com
Sun Retail IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.00 |
| Day 2 | 0.00 |
| Day 3 | 0.19 |
| Day 4 | 1.05 |
| Day 5 | 1.05 |
| Day 6 | 1.05 |
| Day 7 | 1.47 |
Sun Retail Valuation (For FY2018)
Earnings Per Share (EPS): INR1.06
Price/Earnings (P/E) ratio: 21.7
Return on Net Worth (RONW): 3.29%
Net Asset Value (NAV): INR12.97 per share
Registrar of Sun Retail IPO
Bigshare Services Private Limited
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone: +91 22 4043 0200
Fax: +91 22 2847 5201
Email: [email protected]
Website: www.bigshareonline.com
Sun Retail IPO Allotment Status
Sun Retail IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Sun Retail
IPO Opening Date: 27 September 2018
IPO Closing Date: 8 October 2018
Listing Date: 16 October 2018
Listing Price on BSE SME: INR36 per share (up 56.52% from IPO price)
Closing Price on BSE SME: INR37.8 per share (up 64.35% from IPO price)
