
Consumer Discretionary · BSE
Incorporated as Sunrise Efficient Marketing Limited, the company operates in trading, distributing, and wholesaling industrial products, including electrical and electronic items, spare parts, automotive components, gear boxes, motors, pumps, oils, and FMCG products. It follows both B2B and B2C business models and is an authorized dealer for 138 manufacturers. The company also retails, imports, exports, fabricates, and assembles a wide range of industrial, domestic, and agricultural products such as pipes, pipe fittings, valves, machined and un-machined castings, lubricants, generator sets, batteries, and motors. In 2011, it expanded into consumer goods as a distributor for PepsiCo, and in 2021, it launched its own brand of motors, Synchro Plus.
Price Band
₹121
Issue Size
₹16.70 Cr
Lot Size
1000 shares
GMP
Est. Listing
₹121
at current GMP
Subscribed
—
Open
30 Mar 2022
Close
5 Apr 2022
Allotment
11 Apr 2022
Refund
12 Apr 2022
Demat Credit
13 Apr 2022
Listing
12 Apr 2022
Designated Registrar: Kfin Technologies Limited
Allotment Date
11 Apr 2022
Basis finalization
Refunds Initiate
12 Apr 2022
Mandate release
Demat Credit
13 Apr 2022
Shares in demat
Listing Debut
12 Apr 2022
Trading begins
Sunrise Efficient Marketing Limited is bringing an initial public offering (IPO) in the Consumer Discretionary sector with an aggregate issue size of ₹16.7 Crores. The shares are offered at a price band of ₹121 to ₹121 per equity share on BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1000 shares (approx. ₹1,21,000 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 will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2022-04-13, while un-allotted funds or UPI block mandates will be released on 2022-04-12.
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.