
Emerging SME Services · BSE
Incorporated in 1988, Sunita Tools Limited manufactures customized mold bases and precision machining parts used across automotive, pharmaceutical, electronics, consumer goods, and manufacturing sectors. The company’s product range includes CNC machining, injection mould bases, blow mould bases, die casting mould bases, prototype mould bases, and other specialized mould components that serve as capital assets for multiple industries. Sunita Tools operates a manufacturing unit in Vasai, Mumbai, capable of producing large-dimension products up to 4000×2000 mm and 30 tonnes. The company has shown consistent growth, with revenue from operations rising from ₹666.36 lakhs in FY21 to ₹873.47 lakhs in FY22 and further to ₹1,384.44 lakhs in FY23.
Price Band
₹145
Issue Size
₹22.04 Cr
Lot Size
1000 shares
GMP
+13.8%
Est. Listing
₹165
at current GMP
Subscribed
13.30x
overall
Open
26 Sep 2023
Close
3 Oct 2023
Allotment
6 Oct 2023
Refund
7 Oct 2023
Demat Credit
8 Oct 2023
Listing
11 Oct 2023
Designated Registrar: Kfin Technologies Limited
Allotment Date
6 Oct 2023
Basis finalization
Refunds Initiate
7 Oct 2023
Mandate release
Demat Credit
8 Oct 2023
Shares in demat
Listing Debut
11 Oct 2023
Trading begins
Sunita Tools Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹22.04 Crores. The shares are offered at a price band of ₹145 to ₹145 per equity share on BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2023-10-03, the basis of allotment is scheduled to be finalized on 2023-10-06. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Kfin Technologies Limited) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.