IPO

Explore our secure online trading, IPO bidding, mutual fund investments, and depository services, all designed to provide seamless transactions, expert insights, and real-time market access for smart investing

Sunlite Recycling Industries Ltd

Registered Office : Survey No. 270A & Plot No. 267,Chhatha Mile Dantali Vaso,Kheda Gujarat 387350 Phone : +91 92651 11757
Fax :

Email : cs@sunliteindustries.com

Website : www.sunliteindustries.com

Initial public offer of upto 28,80,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Sunlite Recycling industries limited ("The Company" or "The Issuer") at an issue price of Rs. 105 per equity share (including share premium of Rs. 95 per equity share) for cash, aggregating up to Rs. 30.24 crores ("Public Issue") out of which 1,48,800 equity shares of face value of Rs. 10 each, at an issue price of Rs. 105 per equity share for cash, aggregating Rs. 1.56 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 27,31,200 equity shares of face value of Rs. 10 each, at an issue price of Rs. 105 per equity share for cash, aggregating upto Rs. 28.68 crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 26.47% and 25.10% respectively of the post-issue paid-up equity share capital of the company.

Issue

Opens On

Closes On

12-Aug-2024

14-Aug-2024

Money Payable On

Application

Allotment

105.00

0.00

Minimum Application for shares in Nos : 1200.0 Further Multiples of : 1200.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

27.10

30.24

10.88

105.00

Hem Securities Ltd

Projects

Funding of capital expenditure towards installation of new plant & machinery

Repayment and /or pre-payment in full or part of certain borrowings availed by the company

General corporate purposes

Promoted By

Nitin Kumar Heda

Prahladrai Ramdayal Heda

Khushboo Manishkumar Heda

Listing At

NSE - SME

Registrar to the Issue

Cameo Corporate Services Ltd