Sunita Tools Limited was incorporated in 1988, and is engaged in manufacturing mould base and machining parts for automotive, pharmaceutical, electronics, consumer goods, and manufacturing sectors through its manufacturing facility located at Vasai, Mumbai. The plant has the capacity to produce large dimensional products ranging from 200*200 mm to 4000*2000 mm up to 30 tons in weight.
The company’s products are used as capital assets as inputs in industries such as the automotive, heavy manufacturing, plastics, electrical, and consumer goods industries.
India's manufacturing of capital goods provides a solid foundation for its involvement in various industries, including engineering, construction, infrastructure, and consumer goods. In the last few years, rising infrastructure and industrial production investment have propelled India's engineering sector to impressive growth. The die and mould market is anticipated to witness a CAGR of 3.1% during 2017-2028.
Sunita Tools Limited IPO Details
Sunita Tools Limited IPO Date
Sunita Tools Limited IPO combines a fresh issue and an Offer for Sale. The fresh issue comprises 13,20,000 shares aggregating up to ₹19.14 crore, and the offer for sale comprises 2,00,000 shares of ₹10 aggregating up to ₹2.90 crore. Sunita Tools Limited’s IPO will be listed on the BSE SME on October 10, 2023. It is a fixed-price issue IPO.
Sunita Tools Limited IPO Price Band
The price range of the IPO has been fixed at ₹145 per share.
Sunita Tools Limited IPO Lot Size
The Sunita Tools Limited IPO lot size is 1,000 shares, and the minimum investment will be ₹1,45,000.
Sunita Tools Limited IPO Objectives
The objectives of Sunita Tools Limited IPO are listed below:
- Funding its working capital requirements.
- For general corporate purposes.
Peer Details
As per DRHP, Sunita Tools Limited has no listed peers.
How To Check the Allotment Status of the Sunita Tools Limited IPO?
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Contact Details of Sunita Tools Limited
Registered office: Survey No. 66, Plot No. A, Valiv, Sativali Road, Vasai East,
Palghar, Thane - 401208
Phone: +91 9136019995
E-mail:info@sunitatools.com
Sunita Tools Ltd Company Financials
| Particulars | Year Ending on March 31st 2023 ( ₹ in lakh ) | Year Ending on March 31st 2022 ( ₹ in lakh ) |
|---|---|---|
| Total Income | 1,417.33 | 888.88 |
| Profit After Tax (PAT) | 337.71 | 80.99 |
| Assets | 2,537.71 | 1,422.66 |
| Total Borrowings | 1,659.96 | 1,249.16 |
Know before investing
Strengths
2The company sells its products at a competitive price, helping the business to sustain the stiff competition and hold a strong position in the market.
The company’s customer base comes from a variety of industries, eliminating the dependence on a single customer and creating diversity in revenue generation.
Risks
2The company’s business is exposed to risks arising from the increase in the cost of raw materials, which will adversely impact the profitability of the business.
The company, promoters and directors are involved in legal proceedings. Any unfavourable decision in those cases may have a material adverse effect on operational resilience.
