On August 12, Sunlite Recycling’s initial public offering (IPO) will launch. In order to raise ₹30.24 crores, Sunlite Recycling is a Mainline IPO. The market lot size for Sunlite Recycling’s initial public offering (IPO) is 1200 shares, with a price range of ₹100 to ₹105. Copper scrap, which has electrical and mechanical qualities appropriate for applications in power generation, transmission, distribution, and electronic industries, is recycled by Sunlite Recycling Industries to create copper rods and wires, copper earthing wires, copper earthing strips, copper conductors, copper wire bars, etc. They also provide job work services for the processing of different copper products. They utilize an in-house quality control system to guarantee that their final product meets all of their customers.
Sunlite Recycling Industries IPO Details
| IPO Open Date | Monday, August 12, 2024 |
| IPO Close Date | Wednesday, August 14, 2024 |
| Basis of Allotment | Friday, August 16, 2024 |
| Listing Date | Tuesday, August 20, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹100 to ₹105 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 2,880,000 shares (aggregating up to ₹30.24 Cr) |
| Fresh Issue | 2,880,000 shares (aggregating up to ₹30.24 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
Sunlite Recycling Industries Financials
Compared to FY23, Sunlite Recycling Industries‘ revenue climbed by more than 1% to ₹1,166.55 crore in FY24. The profit-after-tax for the company increased to ₹8.9 crore in FY24, up approximately 59% from ₹5.6 crore in FY23. Compared to FY23, Sunlite Recycling Industries’ net worth increased by nearly 453% to ₹20.03 crore in FY24.
How to apply Sunlite Recycling Industries IPO?
- You can use the ASBA that is accessible in your bank account to apply for Sunlite Recycling Industries IPO. Simply choose the Sunlite Recycling Industries IPO under the Invest area of the online bank login and apply using your bank account.
- The alternative is to apply for Sunlite Recycling Industries IPO by downloading the forms from the NSE website. View the Sunlite Recycling Industries forms by clicking on the NSE IPO Forms link, filling them out, and sending them to your broker or bank.
About Sunlite Recycling Industries
Established in September of 2017, Sunlite Recycling Industries Ltd. This company recycles copper scrap with mechanical and electrical properties that are appropriate for use in the electronics, transmission, distribution, and power generation industries to create copper wires, copper conductors, copper earthing wires, and copper rods. Further, the company provides contract processing services for different kinds of copper goods.
In accordance with client requirements, the company’s product portfolio offers a diverse selection of products in various grades, thicknesses, widths, and standards for all kinds of copper products. The manufacture of copper prioritizes safety and the environment. Its strategy reduces the pollution caused by conventional petroleum-based energy sources by recycling copper scrap using electricity from solar energy and clean natural gas. Among all metals, copper is one that gets recycled the most.
