As of August 9, 2024, Sunlite Recycling Industries has ₹15 as Grey Market Premium, with a price range of ₹100 to ₹105 per share. Offering lots of 1200 shares, the subscription window is open from August 12 to August 14, 2024.
Sunlite Recycling Industries Limited IPO GMP Today
The Grey Market Premium (GMP) for Sunlite Recycling Industries Limited is ₹15 as of August 9, 2024. This assessment coincides with a price of ₹100 to ₹105 per share for the IPO.
Sunlite Recycling Industries Limited IPO Review
Sunlite Recycling Industries Limited shows robust financial growth, with revenue climbing from ₹93,719.32 lakhs in March 2022 to ₹1,16,627.09 lakhs by March 2024. Equity and liabilities growth reflect expansion, with a notable decrease in debt reliance, and profit after tax nearly doubling, enhancing investor confidence.
The firm’s profitability metrics like EPS and RoNW have significantly improved, signalling strong returns on shareholder equity. However, challenges in inventory management are indicated by a declining inventory turnover ratio, despite increased total assets suggesting business growth and a higher current ratio indicating better liquidity.
To get a full IPO review, click here Sunlite Recycling Industries IPO
Sunlite Recycling Industries Limited IPO Date
Sunlite Recycling Industries Limited will start accepting subscriptions from August 12, 2024 to August 14, 2024.
Sunlite Recycling Industries Limited IPO Price
Sunlite Recycling Industries Limited’s price range is ₹100 to ₹105 per share with a face value of ₹10 each.
Sunlite Recycling Industries Limited
Sunlite Recycling Industries Limited Since its inception in 2012, has grown to offer a broad range of high-quality copper products for the power and electronic industries from its Gujarat facility. Utilising 20 machines, they produce from recycled copper scrap, enhancing environmental sustainability by using solar energy and natural gas, which conserves resources and reduces pollution.
How To Apply For Sunlite Recycling Industries Ltd IPO?
To apply for the Sunlite Recycling Industries IPO through Alice Blue, follow these steps:
1. Open a Demat and Trading Account with Alice Blue if you don’t have one.
2. Access IPO details for Sunlite Recycling Industries on the Alice Blue platform.
3. Place your bid for the desired number of shares within the IPO’s price range.
4. Confirm your information and submit your application quickly.
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