214  Total SME IPOs listed in 2025

9,804.70 Crs.  Total funds raised in 2025

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

214  Total SME IPOs listed in 2025

9,804.70 Crs.  Total funds raised in 2025

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

214  Total SME IPOs listed in 2025

9,804.70 Crs.  Total funds raised in 2025

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

214  Total SME IPOs listed in 2025

9804.70 Crs.  Total funds raised in 2,025.00

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

Sunlite Recycling Industries IPO (Sunlite Recycling Industries Limited IPO) Detail

Sunlite Recycling Industries Limited is an Cables And Wires based company, located in Ahmedabad, Sunlite Recycling Industries Limited IPO size was 30.24 Cr. and was issued at 105.00 per share. The share of Sunlite Recycling Industries Limited were listed at 209.45 per share and are currently trading at 171.50 per share.

Type :
Sub Sector : Manufactures Copper Rods And Wires
SME IPO
NSE EMERGE

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
1166.55 Cr.

PAT :
8.90 Cr.

Pricing Report

Issue Price :
105.00

Listing Price :
209.45

Current Market Price :
171.50

Issue Price vs CMP :
66.5 (63.33%)

listing Price vs CMP :
37.95 (18.12%)

Performance Report (CAGR* wise)

CAGR : 53.96
-ve 0 6 9 12+
Above Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

*Stock splits/Reverse Stock Split are adjusted in Issue price while calculating CAGR and current performance.

About Sunlite Recycling Industries

Company Information
Sunlite Recycling Industries Limited is engaged in the manufacturing of copper rods and wires, copper earthing wires, copper earthing strips, copper conductors, and copper wire bars through the recycling of copper scrap. These products, with electrical and mechanical properties, are suitable for applications in power generation, transmission, distribution, and the electronics industry. Additionally, the company provides job work services for processing various copper products and employs an internal quality control mechanism to ensure that the finished products meet customer requirements. The company was initially established as a proprietorship concern by Prahladrai Ramdayal Heda in 2012 under the name 'M/s Sunlite Industries.' In 2017, Prahladrai Ramdayal Heda, along with promoters Nitin Kumar Heda and Khushboo Manishkumar Heda, expanded the business by forming a partnership firm, which
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Object of Issue
  • 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

Sunlite Recycling Industries SME IPO Details (at the time of IPO)

IPO Type :
Book Building
IPO Date :
Aug, 2024
IPO Size :
30.24 Cr.
Market Cap :
114.24 Cr.   
IPO Subscription :
282.45 X     
PE Multiple :
12.83
Merchant Banker :
Hem Securities Limited
Anchor Investors:
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Peer Companies Of This Sector

FAQs

Sunlite Recycling Industries operates in Cables And Wires and Manufactures Copper Rods And Wires. The Issue is listed on NSE EMERGE in Aug, 2024. Sunlite Recycling Industries IPO size was 30.24 Cr. with Issue price of 105.00 .

Sunlite Recycling Industries IPO subscription was 282.45 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Sunlite Recycling Industries IPO listed at a listing price of 209.45 against the offer price of 105.00.

The current market price of Sunlite Recycling Industries is 171.50.

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