Sunlite Recycling Industries IPO 

Sunlite Recycling Industries IPO features a fresh issue of 28,80,000 shares worth INR 30.24 crores to fund new plants, repay borrowings, and cover corporate needs.

Important Details

Open Date : August 12, 2024 Close Date : August 14, 2024 Allotment Date: August 16, 2024 Listing Date: August 20, 2024

Important Details

IPO Price: INR 100-105 per share Lot Size: 1200 Shares Total Issue Size: INR 30.24 crores

Fundamental Analysis

Sunlite Recycling Industries IPO shows mixed performance: Revenue: Steady growth, Equity: Increased. Profitability & EPS: Improved. RoNW: Higher, Assets: Grown.   Inventory Turnover: Decreased.

Peer Comparison

Sunlite Recycling Industries Ltd: Strong EPS & RoNW. Rajnandini Metal Ltd: Lower profitability & efficiency. Bhagyanagar India Ltd: High turnover, moderate profitability.

Risks And Challenges

Sunlite Recycling Industries IPO Risks: 1. Copper scrap price fluctuations. 2. Reliance on critical suppliers. 3. Foreign exchange exposure. 4. Regional focus in Gujarat 5. Impact: Affects profitability and operations.