Sunlite Recycling Industries IPO allotment today: Steps to check status on NSE and Cameo Corporate Services

Sunlite Recycling Industries Ltd is expected to announce the share allotment status of its IPO today, August 16. The recycled copper products maker's public offer received robust demand from retail investors, as the IPO was booked more than 282 times. Sunlite Recycling Industries IPO closed for bidding on Wednesday, August 14, on the NSE SME platform.

The company will initiate refunds on Monday, August 19 and also start crediting shares to demat accounts on the same day. Shares of Sunlite Recycling Industries will be listed on the NSE SME platform on Tuesday, August 20.

Investors are now awaiting the finalisation of share allotment status. Successful bidders will be informed through emails and messages on registered mobile numbers.

However, investors can also check the share allotment status on the official website of NSE and the IPO’s registrar, Cameo Corporate Services Limited. Follow these steps to check the share allotment status.

• Open Cameo Corporate Services Limited website (https://cambridge.cameoindia.com/)
• Click on useful links and select IPO status
• Select company Sunlite Recycling Industries from the Dropdown list (Name will appear after the company will finalise the status of allotment)
• Full details of PAN No or application No
• Enter captcha
• Click Submit to check the status

• Open NSE IPO allotment status page: https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Login with username and password
• Select Sunlite Recycling Industries Ltd
• Verify PAN No
• Enter IPO application No
• Click on Submit

Sunlite Recycling IPO: Objective

Sunlite Recycling Industries Ltd has proposed to utilise ₹4.05 crore for funding capital expenditure towards the installation of new plant & machinery at the Kheda facility.

The company has also proposed to use ₹15.8 crore for repayment and or pre-payment, in full or part, of certain borrowings availed by it. The total outstanding fund-based borrowings amounted to ₹31.04 crore.

Sunlite Recycling Industries IPO was open for subscription from August 12 to August 14. The ₹30.24 crore public offer, a book-built issue, comprised a fresh issue of 28.8 lakh shares.

The price band for Sunlite Recycling Industries IPO was fixed at ₹100 to ₹105 per share. Retail investors could have invested in the IPO with a minimum lot size of 1200 shares, resulting in an investment of ₹1,26,000.

Sunlite Recycling IPO: Subscription

Sunlite Recycling Industries IPO was booked 282 times at the end of bidding on Wednesday, August 14. The company received applications for 54.092 crore equity shares worth ₹5,672.84 crore against 19,12,800 shares on offer.

The exchange data showed that Qualified Institutional Buyers placed bids for 5.95 crore shares against 5.46 lakh shares on offer in the category. The QIB portion was booked 109.05 times.

Non-Institutional Buyers’ portion in Sunlite Recycling Industries IPO was booked 584.10 times. Bids for 23.97 crore shares were received against 4.10 lakh shares set aside for them.

Retail Investors placed bids for 24.10 crore shares against 9.56 lakh shares on offer. The retail portion of the IPO was booked 252 times.

Earlier Sunlite Recycling Industries Ltd raised ₹8.59 crore from anchor investors. It allotted 8,18,400 equity shares to seven found schemes at a price of ₹105 per share.

About Sunlite Recycling Industries

Sunlite Recycling Industries Ltd is engaged in the manufacturing of copper rods & wires, copper earthing wires, copper earthing strips, copper conductors, copper wire bars etc. through the recycling of copper scrap. It has a manufacturing facility in Khdea, Gujarat.