Sunlite Recycling Industries Limited
ListedSMEIndustrials · 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
Close
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
Overall Subscription
282.53x
Total Demand
QIB Multiplier
109.05x
Institutions & Funds
NII / HNI
584.46x
High Net-Worth
Retail (RII)
252.00x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 546,000 | 59,544,000 | 109.05x |
| NIB | 410,400 | 239,862,000 | 584.46x |
| RETAIL | 956,400 | 241,012,800 | 252.00x |
| Total | 1,912,800 | 540,418,800 | 282.53x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 840 | 211,680 | 252.00x |
| HNIs (10L +) | 5 | 2,922 | 584.46x |
| HNIs (2-10L) | 26 | 15,196 | 584.46x |
| Total Applications | 871 | 229,798 | 263.83x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
Bidding & Quota Instructions:
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.
Allotment Reconciliation Schedule:
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 is Sunlite Recycling Industries Limited IPO GMP today?
The latest Grey Market Premium (GMP) for Sunlite Recycling Industries Limited IPO is ₹79 per equity share. Based on the upper price band of ₹100 to ₹105 per equity share, the estimated listing price is ₹184 (+75.2% expected listing gain).
What is the expected profit per lot for Sunlite Recycling Industries Limited IPO?
With a lot size of 1200 shares and current GMP of ₹79, the expected profit per application lot is approx ₹94,800 (+75.2% gain). Minimum application cost is approx ₹1,26,000.
What is the issue size and price band for Sunlite Recycling Industries Limited IPO?
The Sunlite Recycling Industries Limited IPO aggregate issue size is ₹30.24 Crores with an equity price band set at ₹100 to ₹105 per equity share. The retail lot size is 1200 shares requiring a minimum capital outlay of approx. ₹1,26,000.
How can I check Sunlite Recycling Industries Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 282.53x (Retail: 252.00x, QIB: 109.05x, NII: 584.46x). You can track live multiples directly on our dedicated subscription page.
Where and when will Sunlite Recycling Industries Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Cameo Corporate Services Limited) and the BSE status verification website on or around 2024-08-16. Investors can verify status using PAN card or application number.
When is the listing date for Sunlite Recycling Industries Limited IPO?
Sunlite Recycling Industries Limited shares are scheduled to list on NSE on 2024-08-20.