Last updated on September 7, 2024
Sunlite Recycling IPO description – Sunlite Recycling Industries manufactures copper rods, wires, earthing wires, earthing strips, conductors, and wire bars by recycling copper scrap. These products have electrical and mechanical properties suitable for power generation, transmission, distribution, and electronic industries. Their manufacturing unit in Gujarat spans approximately 12,152 sq. m.
Sunlite Recycling Industries uses solar-generated electricity and clean natural gas to recycle copper scrap, reducing pollution compared to oil-based energy sources. The company currently sells its products in over 10 states and union territories, with a significant portion of revenue coming from Gujarat, Dadra & Nagar Haveli, and Maharashtra. Plans include expanding market presence in key areas like Maharashtra, Telangana, Madhya Pradesh, and Tamil Nadu.
Promoters of Sunlite Recycling Industries – Nitin Kumar Heda, Prahladrai Ramdayal Heda & Khushboo Manishkumar Heda, and Manish Kumar Heda
Table of Contents
Sunlite Recycling Industries IPO Details
| Sunlite Recycling IPO Dates | 12 – 14 August 2024 |
| Sunlite Recycling Issue Price | INR 100 – 105 per share |
| Fresh issue | 28,80,000 shares (INR 28.80 – 30.24 crore) |
| Offer For Sale | NIL |
| Total IPO size | 28,80,000 shares (INR 28.80 – 30.24 crore) |
| Minimum bid (lot size) | 1,200 shares (INR 1,26,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE Emerge |
Sunlite Recycling Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 937.19 | 1,150.19 | 1,166.27 |
| Expenses | 932.27 | 1,142.84 | 1,154.75 |
| Net income | 4.26 | 5.60 | 8.90 |
Sunlite Recycling Offer News
- Sunlite Recycling RHP
- Sunlite Recycling Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Sunlite Recycling Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 5.33 | 7.00 | 11.13 |
| PE ratio | – | – | 8.99 – 9.43 |
| RONW (%) | 36.77 | 154.74 | 44.43 |
| NAV | 14.48 | 4.53 | 25.05 |
| ROCE (%) | 22.85 | 24.05 | 29.49 |
| EBITDA (%) | 1.06 | 1.24 | 1.57 |
| Debt/Equity | 2.19 | 12.83 | 1.74 |
Sunlite Recycling IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 17 August 2024 | 55 | – | 51,000 |
| 16 August 2024 | 52 | – | 48,000 |
| 14 August 2024 | 37 | – | 35,000 |
| 13 August 2024 | 27 | – | 25,000 |
| 12 August 2024 | 18 | – | 18,000 |
| 10 August 2024 | 20 | – | 18,500 |
| 9 August 2024 | 15 | – | 14,000 |
Sunlite Recycling IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 5,46,000 | 4,10,400 | 9,56,400 | 19,12,800 |
| 14 Aug 2024 | 109.05 | 584.46 | 252.00 | 282.53 |
| 13 Aug 2024 | 6.12 | 24.20 | 40.90 | 27.39 |
| 12 Aug 2024 | 2.62 | 8.36 | 11.29 | 8.19 |
The market maker reservation portion of 1,48,800 shares and anchor allocation of 8,18,400 shares are not included in the above calculations.
Sunlite Recycling IPO Allotment Status
Sunlite Recycling IPO allotment status will be available on Cameo Corporate Services’ website. Click on this link to get allotment status.Â
Sunlite Recycling IPO Dates & Listing Performance
| IPO Opening Date | 12 August 2024 |
| IPO Closing Date | 14 August 2024 |
| Finalization of Basis of Allotment | 16 August 2024 |
| Initiation of refunds | 19 August 2024 |
| Transfer of shares to demat accounts | 19 August 2024 |
| IPO Listing Date | 20 August 2024 |
| Opening Price on NSE SME | INR 199.5 per share (up 90%) |
| Closing Price on NSE SME | INR 209.45 per share (up 99.48%) |
Sunlite Recycling Offer Lead Manager
HEM SECURITIES LIMITED
904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Phone: +91- 022- 49060000
Email:Â [email protected]
Website:Â www.hemsecurities.com
Sunlite Recycling Offer Registrar
CAMEO CORPORATE SERVICES LIMITED
Subramanian Building, 1 Club House Road,
Chennai-600 002, Tamil Nadu, India
Phone: +91-44-40020700
Email:Â [email protected]
Website:Â www.cameoindia.com
Sunlite Recycling IPO Contact Details
SUNLITE RECYCLING INDUSTRIES LIMITED
Survey No. 270A & Plot No. 1, Survey No. 267, Chhatha Mile,
Dantali, Vaso, Kheda -387350, Gujarat, India.
Phone:Â +91 9265111757
E-mail:Â [email protected]
Website:Â www.sunliteindustries.com
IPO FAQs
What is the Sunlite Recycling offer size?
Sunlite Recycling offer size is INR 28.80 – 30.24 crores.
What is the Sunlite Recycling offer price band?
Sunlite Recycling public offer price is INR 100 – 105 per share.
What is the lot size of the Sunlite Recycling IPO?
Sunlite Recycling offer a lot size is 1,200 shares.
What is Sunlite Recycling IPO GMP today?
Sunlite Recycling IPO GMP today is INR 55 per share.
What is the Sunlite Recycling kostak rate today?
Sunlite Recycling kostak rate today is INR NA per application.
What is Sunlite Recycling Subject to the Sauda rate today?
Sunlite Recycling is Subject to the Sauda rate today is INR 51,000 per application.
