Sunita Tools IPO Detail 2023
Introduction
The Sunita Tools IPO will open on September 26 and close on September 28, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 22.05 crore through this public offering, consisting of 15.20 lakh shares with a face value of ₹ 10 each, which will be issued at a price of ₹ 145 per share.
Sunita Tools Limited (“the Company”)
Sunita Tools Limited was incorporated in 1988. It has been in the engineering and mold base industry for over five decades, providing one-of-a-kind customized solutions to various industries. Its products are used as capital assets in industries such as the automotive industry, heavy manufacturing industry, plastic industry, electrical industry, and consumer goods industry.
Its products are a pre-requisite and act as food for the manufacturing industries, be they automotive, pharmaceutical, electronics, consumer goods, or most of the manufacturing sectors. Its products are mold bases and machining parts, which are industrial capital goods that undergo stringent quality tests to meet industry standards before they are delivered to its clients.
Company Key Metrics
| Earning Per Share (EPS) | ₹ 13.96 per Equity Share |
| Debt to Equity Ratio | 5.17 |
| ROE | 12.59% |
| ROCE | 0.38% |
| Return on Net Worth (RoNW) | 105.31% |
Objects of the Issue,
- Funding Working capital requirements.
- General Corporate Purpose.
Financial Highlights (Restated)
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Net Worth | 320.69 | (267.02) | (348.02) |
| Total Assets | 2,537.71 | 1,422.66 | 1,351.82 |
| Reserve & Surplus | (109.81) | (447.52) | (528.52) |
| Total Borrowings | 1,659.96 | 1,249.16 | 1,334.63 |
| Total Revenue | 1,417.33 | 888.88 | 691.50 |
| Profit After Tax | 337.71 | 80.99 | 26.66 |
IPO details
As per the DRHP filed with SEBI, 13.20 lakh shares will be offered as a fresh issue in the BSE SME segment. The face value of the shares is ₹ 10. The market maker would receive 0.78 lakh shares of the offering. While Aryaman Financial Services Limited will be the lead manager for the IPO, KFIN Technologies Limited will be the registrar. It will be a Fixed Price Issue IPO, so the price at which the securities are offered or allotted is known in advance to the investor.
| Issue Type | Fixed Price Issue IPO |
| IPO Price | ₹ 145 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 1,000 shares |
| Issue Size | 1,520,400 shares (aggregating up to ₹ 22.05 crores) |
| Fresh Issue | 1,320,000 shares (aggregating up to ₹ 19.14 crores) |
| Offer for Sale | 200,400 shares (aggregating up to ₹ 2.91 crores) |
| Listing At | BSE SME |
Market Maker detail
| Market maker portion | 78,000 shares |
Shareholding Pattern
| Shareholding pre-issue | 4,305,000 |
| Shareholding post issue | 5,625,000 |
IPO Reservation
| Categories | No. of shares offered |
|---|---|
| Other shares offered | 50% of the net offer |
| Retail shares offered | 50% of the net offer |
GMP: Sunita Tools IPO
GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates: Sunita Tools IPO
The issue opens for subscription on September 26, 2023, and closes for subscription on September 28, 2023 (both days inclusive). The basis of allotment will be finalised on October 4, 2023, and the refunds will be initiated on October 5, 2023. In addition, the demat credits are expected to happen on October 6, 2023, and the stock will be listed on the BSE SME on October 9, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.
| Opening Date | September 26, 2023 |
| Closing Date | September 28, 2023 |
| Basis of Allotment | October 4, 2023 |
| Initiation of Refunds | October 5, 2023 |
| A credit of shares to Demat A/c | October 6, 2023 |
| Listing Date | October 9, 2023 |
Lot Size
The lot size of the Sunita Tools IPO is 1,000 shares. A retail-individual investor can apply for up to 1 lot, i.e. 1,000 shares of ₹ 145,000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 1,000 | ₹ 145,000 |
| Retail (Maximum) | 1 | 1,000 | ₹ 145,000 |
| HNI (Minimum) | 2 | 2,000 | ₹ 290,000 |
Promoters Holdings
Ms. Sangeeta Pandey, Mr. Sanjay Kumar Pandey, Mr. Satish Kumar Pandey, and Ms. Ragini Pandey are the promoter of the company.
| Pre-issue Shares Holdings | 100% |
| Post-issue Shares Holdings | 72.97% |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP |
| Company Contact Information | Sunita Tools Limited Survey No. 66, Plot No. A,Valiv, Sativali Road, Vasai East,Palghar, Thane – 401208 Phone: +91 9136019995 Email: info@sunitatools.com Website: http://www.sunitatools.com/index.php |
| IPO Registrar | Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: cpl.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
| IPO Lead Manager(s) | Aryaman Financial Services Limited |
FAQs
What is Sunita Tools’s IPO price?
The Sunita Tools IPO price is ₹ 145 per share.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors. One lot of the Sunita Tools IPO contains 1,000 shares of ₹ 145,000.
When will the Sunita Tools IPO allotment be available?
The finalisation of the basis of allotment for the Sunita Tools IPO will be done on October 4, 2023, and the allotted shares will be credited to your demat account by October 6, 2023. Check the Sunita Tools IPO allotment status.
When will the Sunita Tools IPO be listed on exchanges?
The Sunita Tools IPO shares listing date is October 9, 2023.
