Sunlite Recycling Industries IPO Details
| IPO Size | 30.24 |
| Price Range | ₹100 - ₹105 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 1200 |
| Investment (cut-off price) | ₹126,000 |
| Pre IPO Promotor Holding | 100.00% |
| Post IPO Promotor Holding | 73.53% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Sunlite Recycling Industries IPO Timelines
12/08/2024
Start Date14/08/2024
End Date19/08/2024
Refund Initiation19/08/2024
Credit of Shares to Demat Ac20/08/2024
Listing DateSunlite Recycling Industries IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1200 | ₹126,000 |
| Retail Maximum | 1 | 1200 | ₹126,000 |
| S-HNI Minimum | 2 | 2400 | ₹252,000 |
Sunlite Recycling Industries IPO Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 109.05 x | 583.98 x | 249.55 x | -- | 281.20 x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹199.50 | ₹209.45 | ₹209.45 | ₹199.50 |
Sunlite Recycling Industries IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2021 | ₹394.0 | ₹390.25 | ₹2.53 |
| FY 2022 | ₹937.92 | ₹932.27 | ₹4.26 |
| FY 2023 | ₹1150.40 | ₹1142.84 | ₹5.60 |
| FY 2024 (9M) | ₹851.86 | ₹843.96 | ₹6.00 |
About Company
Established in 2012, Sunlite Recycling Industries Limited specialises in manufacturing copper products by recycling copper scrap. The company produces a wide range of copper rods and wires, copper earthing wires, copper earthing strips, copper conductors, and copper wire rods, catering to power generation, transmission, distribution, and electronics industries.
Sunlite Recycling Industries offers a diversified product portfolio that includes various grades, thicknesses, widths, and standards of copper products tailored to customer specifications. This extensive range demonstrates the company’s commitment to meeting diverse customer needs and industry standards.
The company’s registered office and manufacturing facility are located in Kheda, Gujarat, encompassing a total area of approximately 12,152 square meters. The facility is equipped with over 20 machines dedicated to the manufacturing of a wide range of copper products, ensuring high-quality production and efficiency.
As of March 31, 2024, Sunlite Recycling Industries Limited reported a total revenue from operations of ₹85,168.31 lacs. The company employs 38 skilled individuals who contribute to its operational success and growth. With a strong focus on recycling and sustainability, Sunlite Recycling Industries Limited continues to be a key player in the copper manufacturing industry, supporting various sectors with its high-quality products.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2017 | Mining & Mineral products | Nitin Kumar Heda |
Know Before Investing
Sunlite Recycling Industries IPO Strengths
- Manufactures diverse copper products: rods, wires, strips, and conductors.
- Serves customers across 10 states and union territories in India.
- Recorded ₹85,168.31 lakhs revenue in fiscal year 2024.
- ISO 9001:2015 is certified for stringent quality management systems.
- Led by experienced promoters with 15-17 years in the industry.
- Strategic presence: 45.73% revenue from Gujarat, 21.49% from Dadra and Nagar Haveli.
Sunlite Recycling Industries IPO Risks
- Raw material price fluctuations account for 96.36% of costs in FY2024.
- The company relies on the top 10 suppliers for 52.03% of purchases in FY2024.
- Geographic concentration: 45.73% of revenue comes from Gujarat in FY2024.
- Customer concentration: Top ten customers contribute 40% of revenue in FY2024.
- Potential risk from aluminium wires substituting copper wires.
- High volume-low margin business with a PBT margin of 1.01% in FY2024.
Swot Analysis for Sunlite Recycling Industries IPO
Strengths
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Company Details
Sunlite Recycling Industries Limited
Survey No. 270A & Plot No. 1,
Survey No. 267, Chhatha Mile,
Dantali, Vaso, Kheda – 387350
Phone: +91-9265111757
Email: [email protected]
Website: http://www.sunliteindustries.com/
IPO Registar Details
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: [email protected]
Website: https://ipo.cameoindia.com/
FAQs
The key objectives of Sunlite Recycling Industries IPO are:
- Funding of capital expenditure towards the installation of new Plant & Machinery.
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by the company.
- General Corporate Purpose.