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Sunlite Recycling Industries Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Sunlite Recycling Industries Ltd IPO

Registered Office: Survey No. 270A & Plot No. 267,Chhatha Mile Dantali Vaso , Kheda - 387350 , Gujarat , India.
Phone : +91 92651 11757   Fax:
Email :  cs@sunliteindustries.com  
Website :  www.sunliteindustries.com
Initial public offer of upto 28,80,000 equity shares of face value of (Rs)10/- each (the "Equity Shares") of Sunlite Recycling industries limited ("The Company" or "The Issuer") at an issue price of (Rs)105 per equity share (including share premium of (Rs)95 per equity share) for cash, aggregating up to (Rs)30.24 crores ("Public Issue") out of which 1,48,800 equity shares of face value of (Rs)10 each, at an issue price of (Rs)105 per equity share for cash, aggregating (Rs)1.56 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 27,31,200 equity shares of face value of (Rs)10 each, at an issue price of (Rs)105 per equity share for cash, aggregating upto (Rs)28.68 crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 26.47% and 25.10% respectively of the post-issue paid-up equity share capital of the company.

Issue Money Payable On
Opens On Closes On Application Allotment
12-Aug-24 14-Aug-24 (Rs)105.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :1200  Further Multiples of :1200

  (Rs Cr) Lead Managers to the Issue
Project Cost 27.10
Hem Securities Ltd
Project Financed through Current Offer 30.24  
Post Issue Equity Share Capital 10.88  
Issue Price (Rs)105.00  
 
Projects
Funding of capital expenditure towards installation of new plant & machineryGeneral corporate purposes
Repayment and /or pre-payment in full or part of certain borrowings availed by the company
Promoted By
Nitin Kumar Heda  
Prahladrai Ramdayal Heda  
Khushboo Manishkumar Heda  
Listing At
NSE - SME 
Registrar to the Issue
Cameo Corporate Services Ltd