The Sunlite Recycling Industries IPO subscription status started on August 12, 2024, and QIB, NII, and RII are also subscribing to it. The Sunlite Recycling Industries IPO opens on August 12, 2024, and closes on August 14, 2024. Sunlite Recycling Industries IPO has raised ₹30.24 crores through its fresh issue and the Sunlite Recycling Industries IPO price band is fixed at ₹100 to ₹105 per share. You can check Sunlite Recycling Industries IPO GMP here.
Sunlite Recycling Industries Limited manufactures copper rods and wires, copper earthing wires, copper earthing strips, copper conductors, copper wire rods, etc. by recycling copper scrap for power generation, transmission, distribution, and electronics industries.
Sunlite Recycling Industries IPO reserved shares in this IPO, 50% for QIB 15% for NII, and 35% for the retail category have been reserved. To know the Sunlite Recycling Industries IPO Subscription Status, you can see the below-day Subscription.
Sunlite Recycling Industries IPO Review :
👉 Sunlite Recycling Industries IPO Show Review ….👈
- ■ The company is engaged in the manufacturing of copper products from copper scrap.
- ■ The company top line strong & bottom line posted declining trends with higher provisions for interest and depreciations.
- ■ The company operates in a highly competitive and fragmented segment.
- ■ The PE ratio of the company is attractive.
- ■ The company Issue price is fullt priced based on the PE Ratio.
- ■ Based on FY24 the issue appears fully priced, Investors can bid the long-term investing.
Sunlite Recycling Industries IPO Subscription Status {Live Update} :
The total Sunlite Recycling Industries IPO Subscription Status subscribed 282.45x times so far, with QIB subscribed 109.05x NII subscribed 584.10x times & RII 252.00x times on Day 3. (Closed)
| Category | Day 1 | Day 2 | Day 3 |
| QIB : | 2.62x | 6.12x | 109.05x |
| NII : | 8.38x | 24.02x | 584.10x |
| RII : | 11.55x | 41.68x | 252.00x |
| Total : | 8.32x | 27.74x | 282.45x |
Sunlite Recycling Industries IPO Net Shares Offered:
| Category | Shares Offered | Amount (Cr) |
| Anchor : | 818,400 | 8.59 |
| MMRP : | 148,800 | 1.56 |
| QIB : | 546,000 | 5.73 |
| NII : | 410,400 | 4.31 |
| RII : | 956,400 | 10.04 |
| Total : | 2,880,000 | 30.24 |
Investor Categories Define :
■ Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, Mutual Funds, insurance companies, and pension schemes.
■ Non-Institutional Investors(NII): Retail Individual Investors, NRIs, Companies, Trusts, etc
● sNII (bids below Rs 10L): The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category.
● bNII (bids above Rs 10L): The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory.
■ Retail Individual Investors (RII): Retail Individual Investors or NRIs
■ Employee (EMP): Eligible Employees
■ Others: Eligible Shareholders
Sunlite Recycling Industries IPO Subscription Status FAQs :
How much is the total Sunlite Recycling Industries IPO Subscription Status?
The total Sunlite Recycling Industries IPO Subscription Status is 282.45x times Day 3.
What is the status of Sunlite Recycling Industries’ IPO retail subscription?
Sunlite Recycling Industries IPO Retail Subscription 252.00x times Day 3.
What is the Sunlite Recycling Industries IPO QIB subscription Status?
The Sunlite Recycling Industries IPO QIB subscription 109.05x times Day 3.
What is the Sunlite Recycling Industries IPO NII subscription status?
Sunlite Recycling Industries IPO NII Subscription 584.10x times Day 3.
When is the Sunlite Recycling Industries IPO Allotment Date?
Sunlite Recycling Industries IPO allotment date is August 16, 2024.
When is Sunlite Recycling Industries IPO Listing Date?
Sunlite Recycling Industries IPO listing date is August 20, 2024. The IPO is to be listed on BSE and NSE.
| Sunlite Recycling Industries IPO GMP: Click Here Sunlite Recycling Industries IPO Details: Click Here Sunlite Recycling Industries IPO Allotment: Click Here Sunlite Recycling Industries IPO Listing: Click Here |
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