SUNLITE RECYCLING INDUSTRIES LTD(NSE SME)

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SUNLITE RECYCLING INDUSTRIES

August 12, 2024 – August 14, 2024

Price ₹100 - ₹105
GMP Rumors * ₹79
Lot size 1200
Issue size -
Allotment Aug 16, 2024
Listing Aug 20, 2024

DHRP/RHP
Anchor
* info is indicative, not an investment advice.

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Live Rate

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P/E Ratio
*Source NSE/BSE

SUNLITE RECYCLING INDUSTRIES Listing Price

Exchange Listing Price Gain/Loss %
NSE ₹199.50 +₹94.50 +90.00%
*Source NSE/BSE

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Shareholding Pattern

*Source NSE/BSE

SUNLITE RECYCLING INDUSTRIES Subscription

Last updated on 14-Aug-2024 17:02:03

CategoryOfferedAppliedTimes
QIB54600059544000109.05
NIB410400239862000584.46
RETAIL956400241012800252
Total1912800540418800282.53
Retail Apps200844© IPO Premium
HNI Interest Cost Per Share (7 Days)
@7%
₹82.38		@8%
₹94.15		@9%
₹105.92		@10%
₹117.69		@11%
₹129.46		@12%
₹141.23

SUNLITE RECYCLING INDUSTRIES Lot(s) Distribution

Category Lot(s) Qty Amount Reserved
Retail (10000 to 2 lakh) 1 1200 126000 797

SUNLITE RECYCLING INDUSTRIES Reservation

Category Shares Offered %
QIB 546000 28.54%
HNI 410400 21.46%
INDIVIDUAL 956400 50%
Total 1912800 100%

SUNLITE RECYCLING INDUSTRIES About

IPO Resercation
Investor CategoryShares OfferedNo. of Shares
Retail33.20%956400
NII (HNI)14.25%410400
Anchor28.42%818400
QIB18.96%546000
Market Maker5.17%148800
Total 100.00%2880000

IPO Details
Issue Size28,80,000 shares (aggregating up to 30.24 Cr)
Fresh Issue 28,80,000 shares (aggregating up to 30.24 Cr)
Face Value10/- per share
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share holding pre issue80,00,000
Share holding post issue10,880,000
Market Maker's Portion148,000 Shares
Key Performance Indicators
KPIMar-24Mar-23Mar-22
ROE75.26%73.69%47.85%
ROCE29.49%24.05%22.85%
RONW44.43%154.74%36.77%
EPS
(basic)		19.3514.0110.65
P/E
Pre IPO		9.43
P/E
Post IPO		12.83
Financial Statement (Restated)
Period EndedMar-24Mar-23Mar-22Mar-21
Assets6,321.247,162.564,802.053,743.20
Revenue116,655.09115,039.9193,791.8039,400.84
Profit After Tax890.36560.27426.03252.55
Net Worth2,003.90362.081,158.58622.18
Reserves and Surplus1,203.90312.08
Total Borrowing3,491.744,646.822,532.381,711.39
Amount in Lakhs
About Company
Established in 2012, Sunlite Recycling Industries Limited specializes in manufacturing copper rods and wires, copper earthing wires, copper earthing strips, copper conductors, and copper wire rods by recycling copper scrap for the power generation, transmission, distribution, and electronics industries. The company's diverse product portfolio includes various grades, thicknesses, widths, and standards of copper products tailored to customer specifications. With a registered office and manufacturing facility in Kheda, Gujarat, spanning approximately 12,152 square metres and equipped with over 20 machines, Sunlite Recycling Industries produces a wide range of copper products. As of March 31, 2024, the company recorded a total revenue from operations of Rs. 85,168.31 lacs and employed 38 people.

Strength

Strong Portfolio and Diverse Range: Sunlite Recycling Industries Limited offers a wide variety of copper products in different grades, thicknesses, and standards, catering to various industry needs.

Stringent Quality Control: The company maintains rigorous quality control mechanisms to ensure standardized and high-quality copper products.

Revenue from Multiple Geographies: Sunlite Recycling Industries generates revenue from various regions across India, diversifying its market presence and reducing dependence on a single geographic area.

Weakness

Fluctuating Raw Material Prices: Vulnerability to fluctuations in copper scrap prices can significantly impact production costs and profitability due to the lack of long-term supply agreements.

Geographic Concentration: Heavy reliance on sales from specific regions means that any adverse developments in these areas could negatively affect revenue and operational results.

Limited Operating History: The company's short operational history may pose challenges in establishing long-term market presence and stability.

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SUNLITE RECYCLING INDUSTRIES Latest Announcements

Date Subject Attachment Text Pdf
*Source NSE/BSE

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SUNLITE RECYCLING INDUSTRIES Financial Results

*Source NSE/BSE

SUNLITE RECYCLING INDUSTRIES Lead Manager(s)

  1. Hem Securities Limited

SUNLITE RECYCLING INDUSTRIES Address

Sunlite Recycling Industries Limited

Survey No. 270A & Plot No. 1,

Survey No. 267, Chhatha Mile,

Dantali, Vaso, Kheda - 387350

Phone: +91-9265111757

Email: cs@sunliteindustries.com

Website: http://www.sunliteindustries.com/

SUNLITE RECYCLING INDUSTRIES Registrar

Cameo Corporate Services Limited
Address: Cameo Corporate Services Limited Cameo Corporate Services Ltd., Subramanian Building # 1, Club House Road, Chennai 600 002 - India

SUNLITE RECYCLING INDUSTRIES Reviewers

Reviewer Recommendation File