Sunlite Recycling Industries Limited
listed
₹1.20LMin. investment
Sunlite Recycling Industries Limited IPO Details
Issue size
₹30.24Cr
IPO type
SME
Price range
₹100 – ₹105
Listing date
20 Aug 2024
Lot size
1200 shares
RHP/DRHP
Read
Price range₹100 – ₹105
IPO type
SME
Lot size1200 shares
Issue size₹30.24Cr
RHP/DRHP
Read
Sunlite Recycling Industries Limited Timeline
- Bid start12 Aug 2024
- Bid end14 Aug 2024
- Allotment14 Aug 2024
- Release of funds19 Aug 2024
- Demat transfer16 Aug 2024
- Listing20 Aug 2024
About Sunlite Recycling Industries Limited
Established in 2012 , Sunlite Recycling Industries Limited is a leader in the copper manufacturing sector, specializing in the production of a diverse range of copper products including copper rods, wires, earthing strips, conductors, and wire bars. Utilizing recycled copper scrap, the company produces high-quality products with electrical and mechanical properties that are essential for applications in power generation, transmission, distribution, and electronics. Sunlite Recycling Industries Limited not only focuses on manufacturing but also offers job work services for processing various copper products, demonstrating a comprehensive approach to the copper recycling industry.
Sunlite Recycling initially specialized in oxygen-free copper rods. Over the years, the company has expanded its operations significantly. By 2015-16, Sunlite Recycling increased its manufacturing capabilities with the addition of a copper strip machine imported from China, enabling the production of copper strips alongside rods. Further expansion in 2017-18 saw the acquisition of a wire-drawing machine, which allowed for the manufacturing of copper wire. The company's growth continued in 2020 when it transitioned into a partnership firm and acquired a Copper CCR Machine, leading to a substantial boost in revenue.
Today, Sunlite Recycling Industries Limited operates from a strategically located manufacturing unit in Chhatamile, Gujarat, encompassing approximately 12,152 square meters. The facility is equipped with a total of 20 machines, allowing for the production of a broad spectrum of copper products in various grades, thicknesses, and standards. This extensive machinery enables the company to meet diverse customer specifications and maintain flexibility in its product offerings, reinforcing its position as a key player in the copper manufacturing industry.
Environmental responsibility and safety are central to Sunlite Recycling's operations. The company prioritizes eco-friendly practices by recycling copper scrap and utilizing renewable energy sources such as solar power and clean natural gas. This approach not only reduces the environmental impact associated with traditional oil-based energy sources but also conserves natural resources. By focusing on energy-efficient recycling processes, Sunlite Recycling contributes to global sustainability efforts while providing high-quality copper products.
Sunlite Recycling Industries Limited is committed to delivering products of the highest quality. The company employs a rigorous internal quality control mechanism to ensure that all products meet customer specifications and pass stringent quality checks. This dedication to quality is reflected in their adherence to industry standards and continuous efforts to enhance their manufacturing processes. As the company continues to expand and evolve, its unwavering focus on quality and environmental sustainability positions it as a leading force in the copper recycling industry.
Sunlite Recycling Industries Limited prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives:
- 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 Purpose.
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Sunlite Recycling Industries Limited Contact Details
Company NameSunlite Recycling Industries Limited
How to apply for Sunlite Recycling Industries Limited?
- Step 1
Log in to your Upstox account to access IPO investments. Next, select the current IPO section.
- Step 2
Specify IPO details. Enter the number of lots and the price you wish to apply for.
- Step 3
Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4
Mandate Notification. Your UPI app will receive a mandate notification to block funds.
- Step 5
Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.
Sunlite Recycling Industries IPO FAQs
How to invest in the Sunlite Recycling Industries Limited ?
Investors can apply for the Sunlite Recycling Industries Limited through their Demat account via the stock exchange or through their broker.
What is the issue size of Sunlite Recycling Industries Limited ?
The issue size of the Sunlite Recycling Industries Limited is 30.24 Cr.
What is 'pre-apply' for Sunlite Recycling Industries Limited ?
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
Which exchanges will Sunlite Recycling Industries Limited shares list on?
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
What are the open and close dates of the Sunlite Recycling Industries Limited ?
Sunlite Recycling Industries Limited will be open between 2024-08-12 and 2024-08-14.
What is the allotment date for the Sunlite Recycling Industries Limited ?
Sunlite Recycling Industries Limited allotment date is 2024-08-16. For Sunlite Recycling Industries Limited allotment status check, you can visit the website of the registrar of the IPO.
Who is the registrar of Sunlite Recycling Industries Limited ?
For Sunlite Recycling Industries Limited, the IPO registrar is CAMEO CORPORATE SERVICES LIMITED. You can check Sunlite Recycling Industries Limited allotment status on the website of the registrar.
Where is the Sunlite Recycling Industries Limited getting listed?
The shares are proposed to be listed on the BSE and NSE.
When will Sunlite Recycling Industries Limited shares be credited to your demat account?
The Sunlite Recycling Industries Limited shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
What is the lot size and minimum order quantity of the Sunlite Recycling Industries Limited ?
The Sunlite Recycling Industries Limited lot size is 1200 and minimum order quantity is 1200.
What is the price band for the Sunlite Recycling Industries Limited ?
Sunlite Recycling Industries Limited has set the price band for its IPO at 105 per equity share with a face value of 10.