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.

Check latest IPO Review & analysis, Live GMP today, Live Subscription Status Today, Share Price, Financial Information, latest IPO news, Upcoming IPO News before applying in the IPO.

The Upcoming IPOs in this week and coming weeks are Brace Port Logistics Limited, Forcas Studio Limited.

The current active IPO is Positron Energy Limited IPO, Saraswati Saree Depot Limited, Sunlite Recycling Industries, Broach Lifecare (Maple) Hospital Limited.

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About Sunlite Recycling Industries Limited

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. Further, they are also engaged in providing job work services for processing of various products of copper, wherein their customers provide them with the copper scrap and they are converting the copper scrap into copper wire and copper wire rod as per customer’s requirement. They employ an internal quality control mechanism to ensure that their finished product conforms to the exact requirement of their customers.

Their Product Portfolio offers a diversified product range which includes variety of grades, thickness, widths and standards, in all types of copper products according to customer specifications. They prioritize environmental and safety considerations in their copper production process. Their approach involves recycling copper scrap utilizing electricity sourced from solar generation and clean natural gas, thus mitigating the pollution associated with conventional oil-based energy sources. Copper is one of the most recycled metals of all the metals. The recycling of copper scrap is gaining importance worldwide simply because of the fact that recovery of copper metal from scrap requires much less energy than its recovery made from primary source. Besides, it enables conservation of natural resources.

MANUFACTURING SECTOR IN INDIA
Manufacturing is emerging as an integral pillar in the country’s economic growth, thanks to the performance of key sectors like automotive, engineering, chemicals, pharmaceuticals, and consumer durables. The Indian manufacturing industry generated 16- 17% of India’s GDP pre-pandemic and is projected to be one of the fastest growing sectors. The machine tool industry was literally the nuts and bolts of the manufacturing industry in India. Today, technology has stimulated innovation with digital transformation a key aspect in gaining an edge in this highly competitive market. 

Technology has today encouraged creativity, with digital transformation being a critical element in gaining an advantage in this increasingly competitive industry. The Indian manufacturing sector is steadily moving toward more automated and process-driven manufacturing, which is projected to improve efficiency and enhance productivity. India has the capacity to export goods worth US$ 1 trillion by 2030 and is on the road to becoming a major global manufacturing hub.

With 17% of the nation’s GDP and over 27.3 million workers, the manufacturing sector plays a significant role in the Indian economy. Through the implementation of different programmes and policies, the Indian government hopes to have 25% of the economy’s output come from manufacturing by 2025. 

India now has the physical and digital infrastructure to raise the share of the manufacturing sector in the economy and make a realistic bid to be an important player in global supply chains. 

A globally competitive manufacturing sector is India's greatest potential to drive economic growth and job creation this decade. Due to factors like power growth, long-term employment prospects, and skill routes for millions of people, India has a significant potential to engage in international markets. Several factors contribute to their potential. First off, these value chains are well positioned to benefit from India's advantages in terms of raw materials, industrial expertise, and entrepreneurship. 

Second, they can take advantage of four market opportunities: expanding exports, localizing imports, internal demand, and contract manufacturing. With digital transformation being a crucial component in achieving an advantage in this fiercely competitive industry, technology has today sparked creativity. Manufacturing sector in India is gradually shifting to a more automated and process driven manufacturing which is expected to increase the efficiency and boost production of the manufacturing industry. 

India is gradually progressing on the road to Industry 4.0 through the Government of India’s initiatives like the National Manufacturing Policy which aims to increase the share of manufacturing in GDP to 25 percent by 2025 and the PLI scheme for manufacturing which was launched in 2022 to develop the core manufacturing sector at par with global manufacturing standards. India is planning to offer incentives of up to Rs. 18,000 crore (US$ 2.2 billion) to spur local manufacturing in six new sectors including chemicals, shipping containers, and inputs for vaccines.

Manufacturing has emerged as one of the high growth sectors in India. Prime Minister of India, Mr Narendra Modi, launched the ‘Make in India’ program to place India on the world map as a manufacturing hub and give global recognition to the Indian economy. Government aimed to create 100 million new jobs in the sector by 2022.

India is an attractive hub for foreign investments in the manufacturing sector. Several mobile phone, luxury and automobile brands, among others, have set up or are looking to establish their manufacturing bases in the country. The manufacturing sector of India has the potential to reach US$ 1 trillion by 2025. The implementation of the Goods and Services Tax (GST) will make India a common market with a GDP of US$ 3.4 trillion along with a population of 1.48 billion people, which will be a big draw for investors. The Indian Cellular and Electronics Association (ICEA) predicts that India has the potential to scale up its cumulative laptop and tablet manufacturing capacity to US$ 100 billion by 2025 through policy interventions. 

One of the initiatives by the Government of India's Ministry for Heavy Industries & Public Enterprises is SAMARTH Udyog Bharat 4.0, or SAMARTH Advanced Manufacturing and Rapid Transformation Hubs. This is expected to increase competitiveness of the manufacturing sector in the capital goods market. With impetus on developing industrial corridors and smart cities, the Government aims to ensure holistic development of the nation. The corridors would further assist in integrating, monitoring and developing a conducive environment for the industrial development and will promote advance practices in manufacturing.

COPPER INDUSRTRY
i. The size of Indian copper industry (consumption of refined copper per annum) is around 6.6 lakh tonnes, which as percentage of world copper market is only three percent. 
ii. Sterlite Industries, Hindalco Industries and Hindustan Copper Ltd. are major producers of refined copper in India. 
iii. Production in India has declined significantly due to the permanent closure of Vedanta’s smelter/ refinery plant of Tamil Nadu in May, 2018.

The production of copper cathode in the organized sector by the public sector unit viz. Hindustan CopperLtd. (HCL), and private sector units viz. Hindalco Industries Ltd. (HINDALCO, Unit Birla Copper) and SesaSterlite Ltd. (SSL) in the country, during FY 2022-23 and the month of January 2024. 

The Central Government’s massive infrastructure development plans, growing urbanization levels, Housing for All schemes, transition to renewable energy along with investment in the metro rail network and railway electrification are likely to sustain domestic copper demand growth. 
While global copper consumption growth would remain tepid at ~2% in CY2023, ICRA projects domestic copper demand growth at a healthy ~11% in FY2024 and FY2025.

SUNLITE RECYCLING INDUSTRIES LIMITED STRENGTHS
1. Strong portfolio and diverse range of copper products
2. Stringent quality control mechanism ensuring standardized product quality
3. Revenue from multiple geographies in India
4. Experienced Senior Management

SUNLITE RECYCLING INDUSTRIES LIMITED STRATEGIES
1. Continue to invest in their technological capabilities
2. Enhancing brand image & meeting quality standards
3. Expand their geographical presence
4. Strong and diversified supplier base for sourcing raw material

SUNLITE RECYCLING INDUSTRIES LIMITED RISK FACTORS & CONCERNS
1. Their production costs are vulnerable to fluctuations in raw material prices, especially Copper scrap.
2. They are primarily dependent upon few key suppliers within limited geographical location for procurement of raw materials.
3. They generate their major portion of sales from their operations in certain geographical regions.
4. Their top 10 and top 5 customers contribute majority of their revenues from operations.
5. Copper wires can be substituted by aluminium wires due to the lower cost and weight of metal which may pose a threat to the core business of their Company impacting the overall profitability.
6. Majority of their revenue is dependent on single business segment i.e. copper rods.
7. Their Group Company i.e. Sunlite Aluminium Private Limited operate in the similer line of business as them, which may lead to conflict of interest.