Business Standard

Sunita Tools Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

22.04 cr

Price Range (₹)

145

Lot Size

1000

Min Investment (₹)

1,45,000.00

Listing Exchange

BSE - SME

Open Date

26-Sept-2023

Close Date

03-Oct-2023

Listing Date

11-Oct-2023

Sunita Tools Ltd News

    The Shares of Sunita Tools Ltd have now been listed.

    Sunita Tools Ltd IPO Details

    Initial public offer of 15,20,000 equity shares of Rs. 10 each (Equity Shares) of Sunita Tools Limited (STL or the Company) for cash at a price of Rs. 145 per share (the Issue Price), aggregating to Rs. 22.04 crores (The Issue), consisting of fresh issue of 13,20,000 equity shares aggregating to Rs. 19.14 crores and an offer for sale of 2,00,000 equity shares comprising of 66,600 by Sanjay Kumar Pandey, 66,600 by Satish Kumar Pandey and 66,800 by Ragini Pandey (The Promoters Selling Shareholders or The Selling Shareholders) aggregating to Rs. 2.90 crores (Offer for Sale), of which 78,000 equity shares of Rs. 10 each will be reserved for subscription by aggregating market maker to the issue (the Market Maker Reservation Portion). The issue less than the market maker reservation portion i.e. issue of 14,42,000 equity shares of Rs. 10 each is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 27.02% and 25.64% respectively of the post issue paid up equity share capital of the company.The face value of the equity share is Rs. 10 and the issue price is 14.5 times of the face value.

    Objective of issue

    Funding working capital requirements. General corporate purposes.

    Sunita Tools Ltd Contact Details

    Sunita Tools Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - info@sunitatools.com

    Website - www.sunitatools.com