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Sunita Tools IPO Detail 2023

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 Ratio5.17
ROE12.59%
ROCE0.38%
Return on Net Worth (RoNW)105.31%

Objects of the Issue,

  1. Funding Working capital requirements.
  2. General Corporate Purpose.

Financial Highlights (Restated)

ParticularsFY 2022-23FY 2021-22FY 2020-21
Net Worth320.69(267.02)(348.02)
Total Assets2,537.711,422.661,351.82
Reserve & Surplus(109.81)(447.52)(528.52)
Total Borrowings1,659.961,249.161,334.63
Total Revenue1,417.33888.88691.50
Profit After Tax337.7180.9926.66
(Amount in ₹ Lakhs)

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 TypeFixed Price Issue IPO
IPO Price₹ 145 per share
Face Value₹ 10 per share
Market Lot1,000 shares
Issue Size1,520,400 shares (aggregating up to ₹ 22.05 crores)
Fresh Issue1,320,000 shares (aggregating up to ₹ 19.14 crores)
Offer for Sale200,400 shares (aggregating up to ₹ 2.91 crores)
Listing AtBSE SME

Market Maker detail

Market maker portion78,000 shares

Shareholding Pattern

Shareholding pre-issue4,305,000
Shareholding post issue5,625,000

IPO Reservation

CategoriesNo. of shares offered
Other shares offered50% of the net offer
Retail shares offered50% 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 DateSeptember 26, 2023
Closing DateSeptember 28, 2023
Basis of AllotmentOctober 4, 2023
Initiation of RefundsOctober 5, 2023
A credit of shares to Demat A/cOctober 6, 2023
Listing DateOctober 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.

ApplicationsLotsSharesAmount 
Retail (Minimum)11,000₹ 145,000
Retail (Maximum)11,000₹ 145,000
HNI (Minimum)22,000₹ 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 Holdings100%
Post-issue Shares Holdings72.97%

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
Company Contact InformationSunita Tools Limited
Survey No. 66, Plot No. A,Valiv, Sativali Road, Vasai East,Palghar, Thane – 401208
Phone: +91 9136019995
Email: [email protected]
Website: http://www.sunitatools.com/index.php
IPO RegistrarKfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
IPO Lead Manager(s)Aryaman Financial Services Limited

FAQs

The Sunita Tools IPO price is ₹ 145 per share.

The minimum investment size is one lot for retail investors. One lot of the Sunita Tools IPO contains 1,000 shares of ₹ 145,000.

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.

The Sunita Tools IPO shares listing date is October 9, 2023.

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