Sunlite Recycling Industries SME IPO Details, Financials, Valuation & Peers

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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.

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Status
Listed
Biding Dates
12 Aug - 14 Aug 2024
Price Range
₹ 100 - 105
Issue Size
Approx ₹ 30.24 crore
Listed Price
₹199.590.00%

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.

IPO Docs

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.

FieldsDetails
IPO Dates12 Aug - 14 Aug 2024
IPO Price Band₹ 100 - 105 per share
Fresh Issue28,80,000 shares
Offer For SaleNIL
Total IPO SizeApprox ₹ 30.24 crore
Face Value₹ 10
Listing OnNSE

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.

EventDate
IPO Opening Date12 Aug 2024
IPO Closing Date14 Aug 2024
Basis Of Allotment16 Aug 2024
Refunds19 Aug 2024
Demat Transfer19 Aug 2024
IPO Listing Date20 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 Ended31st March 202131st March 202231st March 202331st March 2024
Total Income394.01937.921,150.401,166.55
Total Expenses390.25932.271,142.841,154.75
Net Profit/Loss2.534.265.608.90
NPM (*)0.640.450.490.76
Total Assets37.4348.0271.6363.21
Total Liabilities31.2136.4368.0043.17

* 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 Ended31st March 202131st March 202231st March 202331st March 2024
EPS6.3110.6514.0119.35
ROE (%)49.0847.8573.6975.26
ROCE (%)24.7722.8524.0529.49
D/E Ratio2.752.1912.831.74
Current Ratio1.371.401.271.25
EBITDA MARGIN (%)1.781.061.241.57

* 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.

NameRevenueP/EEPSRoNWNAV
Sunlite Recycling Industries Limited1,166.275.4319.3544.4343.55
Rajnandini Metal Limited1,430.7224.710.5526.942.05
Bhagyanagar India Limited1,212.437.6714.2923.6560.44

* 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 TypeSubscribed
Qualified Institutional Buyer (QIB)109.05
Non-Institutional Investor (NII/HNI)584.1
Retail Individual Investor (RII)252
Total282.45

* 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.

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