1) Sunlite Recycling Industries IPO dimension
The IPO is solely a contemporary fairness subject of 28.8 lakh shares and thru the difficulty, the corporate plans to lift Rs 30.24 crore.
2) Sunlite Recycling Industries IPO worth bandThe firm is providing its shares at Rs 100-105 apiece, and traders can bid for 1200 shares in 1 lot.
3) Sunlite Recycling Industries GMPIn the unlisted market, the corporate’s shares are buying and selling with a GMP of Rs 15, which interprets to a premium of 14% over the difficulty worth.4) About Sunlite Recycling IndustriesThe firm is engaged within the enterprise of producing copper rods & wires, copper earthing wires, copper earthing strips, copper conductors, copper wire bars and so forth. by way of recycling of copper scrap, which has electrical and mechanical properties appropriate for purposes in energy technology, transmission, distribution and digital industries.Additionally Learn: IPO Calendar: 5 new points, 3 listings traders must be careful for this week
5) Trade overviewICRA tasks home copper demand progress at a wholesome 11% in FY2024 and FY2025. Home refined copper demand progress is predicted to stay wholesome at 11% in FY 2024 and FY 2025 outpacing the speed of worldwide progress in copper demand, given the federal government’s thrust on infrastructure growth and a gradual transition to renewable power.
6) Sunlite Recycling Industries monetary performanceFor the 12 months ended March 2024, the corporate clocked whole revenues of Rs 116 crore and web revenue of Rs 8.9 crore.
7) Objects of the offerThe web proceeds from the general public provide shall be used for funding of capital expenditure in the direction of set up of latest plant and equipment, reimbursement of debt and different normal company functions.
8) Lead managers and RegistrarHem Securities is appearing because the lead supervisor to the difficulty and Cameo Company Companies is the registrar.
9) Difficulty structureAbout 50% of the provide is reserved for QIB traders, 35% for retail traders, and the remainder 15% for non-institutional traders.
10) Essential datesThe IPO opened on August 12 and can shut on August 14. The ultimate allotment will probably be made on August 16. The corporate’s shares will probably get listed on August 19.
