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Sunlite Recycling Industries IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Ahmedabad and caters to Cables And Wires sector. Hem Securities is the merchant banker of Sunlite Recycling Industries IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 30th November -0001.
Sunlite Recycling Industries IPO open date is 12th August 2024 and close date is 14th August 2024. IPO Allotment Date is 16th August 2024 and Listing date is 20th August 2024.Sunlite Recycling Industries IPO size is Rs 30.24 Cr. crores with IPO price of Rs 105.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Hem Securities Limited is the book-running lead manager of the Sunlite Recycling Industries IPO. Cameo Corporate Services Limited is the Registrar and Market Maker is Hem Finlease Private Limited for Sunlite Recycling Industries IPO.
Sunlite Recycling Industries IPO anchor investors are the below investors. The number of anchor investors in this IPO is 7.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in Rs.) | Amount Invested (in Rs.) |
|---|---|---|---|
| Eminence Global Fund | 190,800.00 | ₹105.00 | ₹20,034,000.00 |
| Ag Dynamic Fund | 147,600.00 | ₹105.00 | ₹15,498,000.00 |
| Chanakya Opportunities Fund | 96,000.00 | ₹105.00 | ₹10,080,000.00 |
| FINAVENUE CAPITAL TRUST | 96,000.00 | ₹105.00 | ₹10,080,000.00 |
| Religo Commodities Venture | 96,000.00 | ₹105.00 | ₹10,080,000.00 |
| Shine star build | 96,000.00 | ₹105.00 | ₹10,080,000.00 |
| Vijit Growth Fund | 96,000.00 | ₹105.00 | ₹10,080,000.00 |
Sunlite Recycling Industries IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Sunlite Recycling Industries IPO, based in Ahmedabad, operates in the Cables And Wires sector with a focus on manufactures copper rods and wires. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. Sunlite Recycling Industries IPO size is ₹ 30.24 Cr. Crores with fresh issue size of Rs 30.24 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Sunlite Recycling Industries IPO is expected to be 16th August 2024, after the finalization of basis of allotment. Investors can check Sunlite Recycling Industries IPO allotment status on the registrars website, Cameo Corporate Services Limited. Sunlite Recycling Industries IPO refund dates are 19th August 2024.
Sunlite Recycling Industries IPO is expected to be listed on 20th August 2024.
The upper price band for the Sunlite Recycling Industries IPO is set at ₹ 105.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Sunlite Recycling Industries IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Sunlite Recycling Industries IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 14th August 2024. After submission, funds are blocked until the basis of allotment of Sunlite Recycling Industries IPO is finalised.
The merchant banker for Sunlite Recycling Industries IPO is Hem Securities Limited . Hem Securities Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Sunlite Recycling Industries IPO RHP for further details.
The registrar for Sunlite Recycling Industries IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited registrar website for IPO allotment status, refund processing, and other queries related to Sunlite Recycling Industries IPO through their official website or helpline.
Sunlite Recycling Industries IPO was subscribed 282.45 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 30.24 Cr.
Avg IPO Size (Sector Based)
:
₹ 21.79 Cr.
Sector: Cables And Wires
SME IPO so far:
22
Merchant Banker:
Hem Securities
SME IPO by BRLM so far:
47
City:
Ahmedabad
SME IPO so far:
174
Revenue (annualised):
₹ 1,166.55 cr.
PE
Ratio:
12.83x
Average Sector PE Ratio: 22.12x
Sunlite Recycling Industries IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Sunlite Recycling Industries Financial Review Page
Merchant Banker(s) of Sunlite Recycling Industries IPO: Hem Securities Limited
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 113.00.
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