1. What is the Sunlite Recycling Industries IPO?

The Sunlite Recycling Industries IPO is an initial public offering where the company is offering new shares to the public to raise capital. The funds will be used to enhance the company’s recycling operations, expand its facilities, and invest in sustainable technologies.

2. What are the key dates for the Sunlite Recycling Industries IPO?

The key dates for the IPO include the opening and closing dates for subscription, the date of share allotment, the initiation of refunds, the date shares will be credited to Demat accounts, and the listing date on the stock exchange. These dates will be announced in the official IPO prospectus.

3. What is the price band for the Sunlite Recycling Industries IPO?

The price band for the Sunlite Recycling Industries IPO is the range within which investors can bid for shares. This price range is determined by the company and its underwriters and will be detailed in the IPO prospectus.

4. How can investors apply for the Sunlite Recycling Industries IPO?

Investors can apply for the IPO through multiple channels, including ASBA (Application Supported by Blocked Amount) via their bank’s online platform, through UPI, or by applying a stockbroker or financial institution. Detailed instructions will be provided in the IPO prospectus.

5. What are the objectives of the Sunlite Recycling Industries IPO?

The primary objectives of the Sunlite Recycling Industries IPO include raising capital to expand recycling operations, invest in new technologies, and enhance sustainability initiatives. The funds will also be used to reduce the company’s debt and improve its overall financial stability.

Sunlite Recycling Industries IPO Date, Price, GMP & Allotment 2024

Sunlite Recycling Industries IPO Overview

Sunlite Recycling Industries is launching a book-built IPO valued at ₹30.24 crores. This offering consists entirely of a fresh issue of 28.8 lakh shares.

The subscription period for the Sunlite Recycling Industries IPO is from August 12, 2024, to August 14, 2024. The allotment is expected to be finalized on August 16, 2024. The shares will be listed on the NSE SME with a tentative listing date of August 20, 2024.

The price band for the IPO is set between ₹100 and ₹105 per share. The minimum lot size for an application is 1,200 shares, requiring a minimum investment of ₹126,000 for retail investors. The minimum investment for high net-worth individuals (HNI) is at ₹252,000 for 2,400 shares.

Hem Securities Limited is the book-running lead manager for the IPO, and Cameo Corporate Services Limited is the registrar. Hem Finlease will act as the market maker for this IPO.

For more detailed information, refer to the Sunlite Recycling Industries IPO RHP.

Sunlite Recycling Industries IPO Important dates

Sunlite Recycling Industries IPO opens on August 12, 2024, and closes on August 14, 2024.

IPO Open Date	Monday, August 12, 2024
IPO Close Date	Wednesday, August 14, 2024
Basis of Allotment	Friday, August 16, 2024
Initiation of Refunds	Monday, August 19, 2024
The credit of Shares to Demat	Monday, August 19, 2024
Listing Date	Tuesday, August 20, 2024
Cut-off time for UPI mandate confirmation	5 PM on August 14, 2024

Sunlite Recycling Industries Financial Performance

Sunlite Recycling Industries Limited saw significant growth in profitability with a notable increase in assets and revenue over the past financial years.

The company’s net worth and reserves also improved, showcasing robust financial health and reduced borrowing over the years.

Revenue: Increased by 1.4% from ₹1,150.40 crores in FY 2023 to ₹1,166.55 crores in FY 2024.

Profit After Tax (PAT): Rose by 58.92% from ₹5.60 crores in FY 2023 to ₹8.90 crores in FY 2024.

Key Financial Metrics

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	₹63.21	₹71.63	₹48.02	₹37.43
Revenue	₹1,166.55	₹1,150.40	₹937.92	₹394.01
Profit After Tax	₹8.90	₹5.60	₹4.26	₹2.53
Net Worth	₹20.04	₹3.62	₹11.59	₹6.22
Reserves and Surplus	₹12.04	₹3.12	–	–
Total Borrowing	₹34.92	₹46.47	₹25.32	₹17.11

Key Performance Indicator

The market capitalization of Sunlite Recycling Industries IPO is Rs 114.24 Cr.

KPI	Values
ROE	75.26%
ROCE	29.49%
Debt/Equity	1.74
RoNW	44.43%
P/BV	2.41
PAT Margin (%)	0.76

Sunlite Recycling Industries IPO Objectives

The company intends to utilize the proceeds of the Issue to meet the following objectives:

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 IPO Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (Min)	1	1200	₹126,000
Retail (Max)	1	1200	₹126,000
HNI (Min)	2	2,400	₹252,000

Sunlite Recycling Industries IPO Details

IPO Date	August 12, 2024 to August 14, 2024
Listing Date	August 20, 2024
Face Value	₹10 per share
Price Band	₹100 to ₹105 per share
Lot Size	1200 Shares
Total Issue Size	2,880,000 shares (aggregating up to ₹30.24 Cr)
Fresh Issue	2,880,000 shares (aggregating up to ₹30.24 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Shareholding pre-issue	8,000,000
Shareholding post issue	10,880,000
Market Maker portion	148,800 shares

Sunlite Recycling Industries IPO Reservation

Investor Category	Shares Offered
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

IPO GMP Trend

As of August 12th, 2024, at, the latest Grey Market Premium (GMP) for Sunlite Recycling Industries SME IPO stands at ₹25. With a price band of ₹105.00, the estimated listing price is projected to be ₹130, combining the cap price with today’s GMP. This indicates a potential gain of approximately 23.81% per share.

We provide daily GMP updates, and based on the last 5 sessions of grey market activity, today’s GMP trend suggests a strong potential for a favorable listing. The GMP has varied from a low of ₹15 to a high of ₹25. Stay tuned for daily updates on the GMP trends and expected listing price of Sunlite Recycling Industries SME IPO.

GMP Date	IPO Price	GMP	Sub2 Sauda Rate	Estimated Listing Price	Last Updated
14-08-2024 Close	105.00	₹50	45600	₹155 (47.62%)	14-Aug-2024 12:56
13-08-2024	105.00	₹50	45600	₹155 (47.62%)	13-Aug-2024 23:32
12-08-2024 Open	105.00	₹40	36500	₹145 (38.1%)	12-Aug-2024 23:32
11-08-2024	105.00	₹20	18200	₹125 (19.05%)	11-Aug-2024 23:25

IPO subscription status

Sunlite Recycling Industries IPO subscribed 194.55 times. The public issue subscribed 198.45 times in the retail category, 76.81 times in QIB, and 342.08 times in the NII category by August 14, 2024, 2:58:00 PM.

Investor Category	Subscription (times)	Shares Offered*	Shares bid for	Total Amount (Rs Cr.)*
Anchor Investors	1	8,18,400	8,18,400	8.59
Market Maker	1	1,48,800	1,48,800	1.56
Qualified Institutions	76.81	5,46,000	4,19,37,600	440.34
Non-Institutional Buyers***	342.08	4,10,400	14,03,91,600	1,474.11
Retail Investors	198.45	9,56,400	18,97,99,200	1,992.89
Total **	194.55	19,12,800	37,21,28,400	3,907.35

Total Application: 158,166

Note:

*: “Shares Offered” and “Total Amount” are calculated based on the upper price of the issue price range.
**: The portion of anchor investors (or market makers) is not included in the total number of shares offered.
***: Market Maker portion is not included to NII/HNI.

IPO Allotment status

Sunlite Recycling Industries IPO allotment is expected on August 16, 2024.

Sunlite Recycling Industries IPO allotment status is not available at this time. Sunlite Recycling Industries IPO –

The allotment status will be available once the basis of the allotment is finalized. Please revisit us to check the latest updates for Sunlite Recycling Industries Limited’s IPO allotment status.

To check Sunlite Recycling Industries IPO allotment status, follow the steps below:

Click on the below allotment status check button.
Select Company Name.
Enter your PAN Number, Application Number or DP Client ID (Anyone).
Click on Search.

On securing the allotment, you will receive the credit of equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact Cameo Corporate Services Limited either by phone or email. Investors can call on +91-44-28460390 or send an email with all relevant details to ipo@cameoindia.com.