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Sunlite Recycling Industries Limited IPO

Sunlite Recycling Industries Limited IPO

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Allotment Date :
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Listed Price: ₹ 199.50 (+90.00%)

Sunlite Recycling Industries Limited's successfully completed its Initial Public Offering and commenced trading on 20-08-2024 at the NSE exchange. The company raised 28,80,000 Shares through this public offering, comprising 28,80,000 Shares in fresh capital.

The IPO was priced within the band of ₹100 to ₹105, with minimum application lots of 1200 shares. The offering attracted significant investor interest during its subscription period from 12-08-2024 to 14-08-2024.

Share allotment was finalized on 16-08-2024, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.

Sunlite Recycling IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Sunlite Recycling IPO Key Performance Indicator
Company Financials ( in Lakhs )

Sunlite Recycling IPO About Company

Sunlite Recycling Industries Limited, founded in 2012, specializes in manufacturing copper rods, wires, earthing strips, and conductors by recycling copper scrap for industries like power generation, transmission, and electronics. With a 12,152 sq. metre facility in Kheda, Gujarat, equipped with over 20 machines, the company offers a diverse range of copper products in various grades and specifications. As of March 2024, Sunlite Recycling Industries reported a revenue of Rs. 85,168.31 lacs and operated with a dedicated team of 38 employees.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Sunlite Recycling IPO Strength Factors

  1. Wide Product Range: Sunlite Recycling Industries Limited provides a diverse selection of copper products in various grades and thicknesses to meet different industry needs.
  2. High-Quality Standards: The company follows strict quality control processes to ensure reliable and top-notch copper products.
  3. Broad Market Reach: With revenue coming from multiple regions across India, the company reduces reliance on any single market, ensuring greater stability.

Sunlite Recycling IPO Risk Factors

  1. Raw Material Price Changes: Since copper scrap prices fluctuate and there are no long-term supply agreements, production costs and profits can be affected.
  2. Regional Dependence: Relying on sales from specific areas means any issues in those regions could impact revenue and operations.
  3. New Business Challenges: With a shorter operating history, the company may face difficulties in building a long-term market presence and stability.

Sunlite Recycling IPO Lead Manager(s)

  • Hem Securities Limited

Sunlite Recycling IPO Promoter(s)

  1. Nitin Kumar Heda
  2. Prahladrai Ramdayal Heda
  3. Khushboo Manishkumar Heda

Sunlite Recycling IPO Company Details

Sunlite Recycling Industries Limited
Phone:
address:

Sunlite Recycling IPO Registrar

Cameo Corporate Services Limited
Name:
Phone:

Sunlite Recycling IPO FAQs