Business Standard

Sunlite Recycling Industries Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

30.24 cr

Price Range (₹)

105

Lot Size

1200

Min Investment (₹)

1,26,000.00

Listing Exchange

NSE - SME

Open Date

12-Aug-2024

Close Date

14-Aug-2024

Listing Date

20-Aug-2024

Sunlite Recycling Industries Ltd News

    The Shares of Sunlite Recycling Industries Ltd have now been listed.

    Sunlite Recycling Industries Ltd IPO Details

    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. 105 per equity share (including share premium of Rs. 95 per equity share) for cash, aggregating up to Rs. 30.24 crores (Public Issue) out of which 1,48,800 equity shares of face value of Rs. 10 each, at an issue price of Rs. 105 per equity share for cash, aggregating Rs. 1.56 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. 105 per equity share for cash, aggregating upto Rs. 28.68 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.

    Objective of issue

    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.

    Sunlite Recycling Industries Ltd Contact Details

    Sunlite Recycling Industries Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

    Phone - 91-44-28462700

    Fax - 91-44-28460129

    Email - cs@sunliteindustries.com

    Website - www.sunliteindustries.com