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IPO Synopsis

Sunlite Recycling Industries Ltd
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. [*] per equity share (including share premium of [*] per equity share) for cash, aggregating up to Rs. [*] crores ("Public Issue") out of which 1,48,800 equity shares of face value of Rs. 10 each, at an issue price of Rs. [*] per equity share for cash, aggregating Rs. [*] 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. [*] per equity share for cash, aggregating upto Rs. [*] 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. Price Band: Rs. 100 to Rs. 105 per equity share of face value of Rs. 10 each. The floor price is 10 times of tha face value of and tha cap price is 10.5 times of the face value. Bid can be made for a minimum of 1200 equity share and in multiples of 1200 equity share thereafter.
Issue
Opens On Closes On
12-Aug-24 14-Aug-24
Money Payable On
Application Allotment
100.00 0.00
Minimum Application for shares in Nos : 1200 Further Multiples of : 1200
(.Cr) Lead Managers to the Issue
Project Cost (.Cr) 0.00 Hem Securities Ltd
Project Financed through Current Offer (.Cr) 28.80  
Post Issue Equity Share Capital (.Cr) 10.88
Issue Price () 100.00
Projects
Funding of capital expenditure towards installation of new plant & machinery
Repayment and /or pre-payment in full or part of certain borrowings availed by the company
General corporate purposes
Promoted By
Nitin Kumar Heda
Prahladrai Ramdayal Heda
Khushboo Manishkumar Heda
Listing At
NSE - SME
Registrar to the Issue
No Data Available
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