Sunlite Recycling Industries SME IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Sunlite Recycling Industries IPO. Explore Sunlite Recycling Industries IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Sunlite Recycling Industries Limited specializes in the manufacturing of copper products, including copper rods, wires, earthing wires, earthing strips, conductors, and wire bars, through the recycling of copper scrap. The company's operations cater to the power generation, transmission, distribution, and electronic industries. Sunlite also offers job work services, converting customer-provided copper scrap into finished products as per their requirements. Founded by Prahladrai Ramdayal Heda, Sunlite has grown from a proprietorship to a private limited company, expanding its product range and production capabilities over the years.
Key Points:
- Business Focus: Manufacturing of copper products and job work services through the recycling of copper scrap.
- Product Range: Copper rods, wires, earthing wires, earthing strips, conductors, and wire bars.
- Industry Applications: Power generation, transmission, distribution, and electronics.
- Production Facility: Located in Kheda, Gujarat, with a total area of approximately 12,152 sq. mtr.
- Sustainability: Uses solar energy and clean natural gas in the recycling process to reduce environmental impact.
Objects of the Issue
- Funding of capital expenditure towards installation of new Plant & Machinery
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company
- General Corporate Purpose
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 12 Aug - 14 Aug 2024 |
| IPO Price Band | ₹ 100 - 105 per share |
| Fresh Issue | 28,80,000 shares |
| Offer For Sale | NIL |
| Total IPO Size | Approx ₹ 30.24 crore |
| Face Value | ₹ 10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 12 Aug 2024 |
| IPO Closing Date | 14 Aug 2024 |
| Basis Of Allotment | 16 Aug 2024 |
| Refunds | 19 Aug 2024 |
| Demat Transfer | 19 Aug 2024 |
| IPO Listing Date | 20 Aug 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| Total Income | 394.01 | 937.92 | 1,150.40 | 1,166.55 |
| Total Expenses | 390.25 | 932.27 | 1,142.84 | 1,154.75 |
| Net Profit/Loss | 2.53 | 4.26 | 5.60 | 8.90 |
| NPM (*) | 0.64 | 0.45 | 0.49 | 0.76 |
| Total Assets | 37.43 | 48.02 | 71.63 | 63.21 |
| Total Liabilities | 31.21 | 36.43 | 68.00 | 43.17 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| EPS | 6.31 | 10.65 | 14.01 | 19.35 |
| ROE (%) | 49.08 | 47.85 | 73.69 | 75.26 |
| ROCE (%) | 24.77 | 22.85 | 24.05 | 29.49 |
| D/E Ratio | 2.75 | 2.19 | 12.83 | 1.74 |
| Current Ratio | 1.37 | 1.40 | 1.27 | 1.25 |
| EBITDA MARGIN (%) | 1.78 | 1.06 | 1.24 | 1.57 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Sunlite Recycling Industries Limited | 1,166.27 | 5.43 | 19.35 | 44.43 | 43.55 |
| Rajnandini Metal Limited | 1,430.72 | 24.71 | 0.55 | 26.94 | 2.05 |
| Bhagyanagar India Limited | 1,212.43 | 7.67 | 14.29 | 23.65 | 60.44 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 109.05 |
| Non-Institutional Investor (NII/HNI) | 584.1 |
| Retail Individual Investor (RII) | 252 |
| Total | 282.45 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Cameo Corporate Services Limited
Phone: +91 - 44 – 40020700
Email: investor@cameodina.com
Website: www.cameoindia.com
Company Promoters
- Nitin Kumar Heda
- Prahladrai Ramdayal Heda
- Khushboo Manishkumar Heda
- Manish Kumar Heda
Lead Managers
- HEM SECURITIES LIMITED
Company Address
Sunlite Recycling Industries Limited
Survey No. 270A & Plot No. 1, Survey No. 267, Chhatha Mile, Dantali, Vaso, Kheda - 387350, Gujarat, India.
Phone: +91-9265111757
Email: cs@sunliteindustries.com
Website: www.sunliteindustries.com
FAQs
- What is the issue size of the Sunlite Recycling Industries SME IPO?The Sunlite Recycling Industries SME IPO has an issue size of Approx ₹ 30.24 crore. This includes a fresh issue of 28,80,000 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Sunlite Recycling Industries IPO?The price band for the Sunlite Recycling Industries IPO is ₹ 100 - 105 per share.
- What are the bidding dates for the Sunlite Recycling Industries IPO?The Sunlite Recycling Industries IPO will open for bidding on 12 Aug 2024 and close on 14 Aug 2024.
- What is the allotment date for the Sunlite Recycling Industries IPO?The allotment date for the Sunlite Recycling Industries IPO is 16 Aug 2024.
- What is the listing date for the Sunlite Recycling Industries IPO?The listing date for the Sunlite Recycling Industries IPO is 20 Aug 2024.
- What is the Sunlite Recycling Industries IPO grey market premium?The grey market premium (GMP) for the Sunlite Recycling Industries IPO is currently at ₹79, with an expected listing gain of approximately 75.24%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.