What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Sunlite Recycling Industries Limited IPO allotment date?

The basis of allotment for Sunlite Recycling Industries Limited IPO is scheduled to be finalized on 16 Aug 2024.

Where can I check Sunlite Recycling Industries Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Cameo Corporate Services Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 17 Aug 2024.

IPO GreyPremiumLIVE

Grey Market Intelligence

Sunlite Recycling Industries Limited

ListedSME

Industrials · NSE

Sunlite Recycling Industries Limited, founded in 2012, specializes in manufacturing copper rods, wires, earthing strips, and conductors by recycling copper scrap for industries like power generation, transmission, and electronics. With a 12,152 sq. metre facility in Kheda, Gujarat, equipped with over 20 machines, the company offers a diverse range of copper products in various grades and specifications. As of March 2024, Sunlite Recycling Industries reported a revenue of Rs. 85,168.31 lacs and operated with a dedicated team of 38 employees.

Price Band

₹100 – ₹105

Issue Size

₹30.24 Cr

Lot Size

1200 shares

GMP

₹79

+75.2%

Est. Listing

₹184

at current GMP

Subscribed

282.53x

overall

Open

12 Aug 2024

14 Aug 2024

Allotment

16 Aug 2024

Refund

17 Aug 2024

Demat Credit

18 Aug 2024

Listing

20 Aug 2024

Last updated 11 months ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Sunlite Recycling Industries Limited Allotment Status

Designated Registrar: Cameo Corporate Services Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

16 Aug 2024

Basis finalization

Refunds Initiate

17 Aug 2024

Mandate release

Demat Credit

18 Aug 2024

Shares in demat

Listing Debut

20 Aug 2024

Trading begins

About Sunlite Recycling Industries Limited Public Issue & Market Profile

Sunlite Recycling Industries Limited is bringing an initial public offering (IPO) in the Industrials sector with an aggregate issue size of ₹30.24 Crores. The shares are offered at a price band of ₹100 to ₹105 per equity share on NSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1200 shares (approx. ₹1,26,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Cameo Corporate Services Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-08-18, while un-allotted funds or UPI block mandates will be released on 2024-08-17.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

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.

How will I receive the refund if I don't get allotment?

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.