Subscriptions for the Sunlite Recycling Industries IPO will be accepted beginning on Monday, August 12, 2024, and ending on Wednesday, August 14, 2024. The pricing range for this next IPO is Rs 100 to Rs 105 per share. For the retail sector, a minimum lot size of 1200 shares is required.
Meanwhile, two lots, or 2,400 shares, are the minimum lot size for the HNI group. For retail category investors, a minimum investment of Rs 1,26,000 (105 x 1200 shares) is needed. On the other hand, the minimum investment amount needed for the HNI group is Rs 2,52,000 (105 x 2400 shares). The Rs 30.24 crore Sunlite Recycling Industries IPO is a book-built issue. An completely new issue of 28.8 lakh equity shares is planned for this IPO.
On Friday, August 16, 2024, the allocation for this new IPO is anticipated to be finalized. On Tuesday, August 20, 2024, Sunlite Recycling Industries’ first public offering (IPO) will be listed on NSE SME. For this IPO, Hem Finlease is the market maker, Cameo Corporate Services Limited is the registrar, and HEM Securities Limited is the book-running lead manager.
| Opening date | Â 12/08/2024 |
| Closing date | Â 14/08/2024 |
| Â Allotment | 16/08/2024 |
| Â Refund date | Â 19/08/2024 |
| Upi mandate expiry date | 14/08/2024 |
| Date of Listing | Â 20/08/2024 |
Regarding Sunlite Recycling Industries Limited
The company Sunlite Recycling Industries was founded in 2012 and is involved in the production of copper conductors, copper wire rods, copper earthing wires, and copper earthing strips. The business recycles copper scrap for use in the electronics, power production, transmission, and distribution sectors. The company’s production plant in Kheda, Gujarat, which has about 20 equipment and a total area of about 12,152 square meters, is used to make a product.
In accordance with client requirements, Sunlite Recycling’s product portfolio offers a wide selection of goods in different grades, thicknesses, widths, and standards for all kinds of copper products. The company employed 38 individuals as of March 31, 2024, according to the most recent information.
IPO Goals
The money acquired through this initial public offering (IPO) will be utilized to finance capital expenditures for the acquisition and setup of new equipment and facilities. in addition to completing the company’s overall objectives and paying back or prepaying a specific loan.
Steps To Apply For IPO
1. Enter your Bigul login information and choose the issue from the current IPO section.
2. Input the quantity of lots and the desired application price.
3. After inputting your UPI ID, press submit.
4. Your bid will be submitted to the exchange using this.
5. A mandate notification to block funds in your UPI app will be sent to you.
6. If you approve the UPI mandate request, money will be blocked.
7. In five minutes, open a demat account.
8. Put your mobile number in here.
9. Register Right Away.
10. Hold onto the mentioned documents.
