New Delhi: Sunlite Recycling Industries IPO, a book built issue of Rs 30.24 crore, opened for subscription on August 12, 2024 and close on August 14. The issue is entirely a fresh issue of 28.8 lakh shares. The public offer price band is set at Rs 100 to Rs 105 per share.
Retail investors are required to apply for a minimum lot size of 1200 shares of Sunlite Recycling IPO, with a minimum amount of investment of Rs 126,000. The minimum lot size investment for HNI is 2 lots, for which Rs 252,000 investment is required.
Sunlite IPO anchor investors include: AG Dynamic Funds Limited, Chanakya Opportunities Fund, Eminence Global Fund, Finavenue Capital Trust, Religo Commodities Venture Trust, Shinestar Built Cap Pvt Limited, and Vijit Growth Fund.
Sunlite Recycling IPO GMP today
Sunlite Recycling Industries IPO GMP today stands at Rs 20, which is an indication that the shares ar expected to be listed with a gain of around 19 per cent. With the price band of Rs 105, the Sunlite Recycling stock is expected to be listed at Rs.
Book running lead manager of Sunlite Recycling Industries IPO: Hem Securities Limited; Cameo Corporate Services Limited is the registrar for the issue. The market maker is Sunlite Recycling Industries.
Sunlite IPO allotment, listing
The Sunlite Recycling Industries IPO is expected to be finalised on August 16, while the refunds process for unsuccessful investors will likely begin on August 19. The shares are likely to be credited to the demat accounts of the eligible investors on 19th August. The stock will list on NSE SME with a tentative date fixed for August 20.
The company’s red herring prospectus (RHP) mentions that of the total shares offered, 50 per cent is reserved for QIB, 35 per cent is reserved for retail investors and 15 percent is reserved for non-institutional investors.
Established in 2012, Sunlite Recycling Industries Limited is engaged in the manufacturing of copper rods and wires, copper earthing wires, copper earthing strips, copper conductors, copper wire rods etc. by recycling copper scrap for power generation, transmission, distribution and electronics industries.
Sunlite Recycling Industries Limited financials
Period Ended
March 31, 2024
March 31, 2023
Assets
6321.24
7162.56
Revenue
116655.09
115039.91
Profit After Tax
890.36
560.27
Net Worth
2003.9
362.08
(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Sunlite Recycling IPO opened for subscription on August 12, 2024. The Sunlite IPO GMP stands at Rs 20 while the public offer price band is fixed in the range of Rs 100 to Rs 105 per share. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
