Sunlite Recycling Industries Limited

Company Profile
Company Name Sunlite Recycling Industries Limited
Open Date 12-08-2024
Close Date 14-08-2024
Exchange NSE SME
Lot Size 1200 Shares
Issue Price ₹100 to ₹105 per share
Issue Size 28,80,000 shares
Application Amount ₹1,26,000
Recommendation Avoid
Incorporated in 2012, The company has its registered office in Kheda, Gujarat. Business Activity: Manufactures 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. The company had 38 permanent employees as of March 31, 2024.
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Financial Summary in Lakhs

KPI’s FY 22 FY 23 FY 24
Revenue 93,719.32 1,15,018.88 1,16,627.09
EBITDA 1,002.82 1,446.38 1,863.50
Net Profit 426.03 560.27 890.36
RoCE 33.05% 45.26% 67.31%
ROE 36.77% 154.74% 44.43%
P/E 9.86 7.49 5.43

Tentative Timeline

Opening Date 12-08-2024
Closing Date 14-08-2024
Basis of Allotment 16-08-2024
Initiation of Refunds 19-08-2024
Credit of Shares to Demat 19-08-2024
Listing Date 20-08-2024

Objects of the 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 Purposes.

Contact Information

Registered Office 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/

Registrar Details

Name Cameo Corporate Services Limited
Phone +91-44-28460390
Email ipo@cameoindia.com
Website https://ipo.cameoindia.com/

IPO Reservation

QIB Shares Offered Not more than 50.00% of the Net offer
Retail Shares Offered Not less than 35.00% of the Offer
NII (HNI) Shares Offered Not less than 15.00% of the Offer

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100.00%
Share Holding Post Issue (Promoters) 73.53%

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