Sunlite Recycling Industries Limited IPO GMP

Sunlite Recycling Industries is engaged in the business of manufacturing of copper rods & wires, copper earthing wires, copper earthing strips, copper conductors, copper wire bars etc. through recycling of copper scrap, which has electrical and mechanical properties suitable for applications in power generation, transmission, distribution and electronic industries.

Sunlite Recycling, a Book Built Issue amounting to ₹30.24 crores, consisting entirely a Fresh Issue of 28.8 Lakh Shares. The subscription period for the Sunlite Recycling IPO opens on August 12, 2024, and closes on August 14, 2024. The allotment is expected to be finalized on or about Friday, August 16, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Tuesday, August 20, 2024.

The Share price band of Sunlite Recycling IPO is set at ₹100 to ₹105 equity per share, with a minimum lot size of 1,200 shares. Retail investors are required to invest a minimum of ₹126,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (2,400 shares), amounting to ₹252,000.

HEM SECURITIES LIMITED is the book-running lead manager, CAMEO CORPORATE SERVICES LIMITED is the registrar for the Issue. Hem Finlease Private Limited is the sole Market Marker for the Sunlite Recycling Industries IPO.

Sunlite Recycling Industries Limited IPO GMP Today
The Grey Market Premium of Sunlite Recycling Industries Limited IPO is expected in the range of ₹45 to ₹50 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Sunlite Recycling Industries Limited IPO Live Subscription Status Today
As of 09:46 PM on 14 August 2024, the Sunlite Recycling Industries Limited IPO live subscription status shows that the IPO subscribed 262.14 times on on the first day of subscription period. Check the Sunlite Recycling Industries Limited IPO Live Subscription Status Today at NSE.

Sunlite Recycling Industries Limited IPO Allotment Status
Sunlite Recycling IPO allotment date is 16 August, 2024, Friday. Sunlite Recycling IPO Allotment will be out on 16th August 2024 and will be live on Registrar Website from the allotment date. Check Sunlite Recycling Industries Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Sunlite Recycling Industries Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Sunlite Recycling Industries Limited IPO
Sunlite Recycling Issue Proceeds from the Fresh Issue will be utilized towards the following onjects : 
1. ₹404.55 Lakhs is required for Funding of capital expenditure towards installation of new Plant & Machinery. 
2. ₹1,580.00 Lakhs is required for Repayment and/or pre-payment, in full or part, of certain borrowings availed by their Company. 
3. General Corporate Purpose.

Refer to Sunlite Recycling Industries Limited RHP for more details about the Company.