IPO Details
Bidding Dates
26 Sep '23 - 29 Sep '23
Minimum Investment
₹145,000 / 1 Lots ( 1000 Shares )
Price Range
₹145
Maximum Investment
₹145,000 / 1 Lots ( 1000 Shares )
Retail Discount
Not Applicable
Issue Size
₹22.04 Cr
Investor category and sub category
Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors |Sunita Tools IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Sep 26, 2023
IPO Closing Date
Sep 29, 2023
Basis of Allotment
Oct 5, 2023
Initiation of Refunds
Oct 6, 2023
Credit of Shares to Demat Account
Oct 9, 2023
IPO Listing Date
Oct 10, 2023
Cut-off time for UPI mandate confirmation
Sep 29, 2023
Sunita Tools IPO Subscription Details
| Date | NII | Retail | Total |
|---|---|---|---|
Day 1Sep 26, 2023 |
0.96 | 2.47 | 1.71 |
Day 2Sep 27, 2023 |
1.53 | 5.41 | 3.47 |
Day 3Sep 28, 2023 |
2.45 | 11.02 | 6.74 |
Day 4Sep 29, 2023 |
3.03 | 15.23 | 9.14 |
Sunita Tools IPO Subscription Live Status
| Investor Category | Subscription (Times) |
|---|---|
| Non-Institutional Buyers | 3.03 |
| Retail Investors | 15.23 |
| Total | 9.14 |
About Sunita Tools Ltd.
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?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
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 ) | Year Ending on March 31st 2021 ( ₹ in lakh ) |
|---|---|---|---|
| Total Income | 1,417.33 | 888.88 | 691.50 |
| Profit After Tax (PAT) | 337.71 | 80.99 | 26.66 |
| Assets | 2,537.71 | 1,422.66 | 1,351.82 |
| Total Borrowings | 1,659.96 | 1,249.16 | 1,334.63 |
Know before investing
Strengths
2-
The 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
2-
The 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.
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Sunita Tools Ltd IPO FAQs
Sunita Tools Limited IPO is a mix of fresh issue and 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. The price of the IPO has been decided at ₹145 per share.
The Basis of Allotment will be on October 5, 2023.
The IPO subscription window will open on September 26, 2023.
Retail investors can apply for a minimum of one lot containing 1,000 shares.
Sunita Tools Limited IPO will be listed on BSESME. The date of listing is October 10, 2023.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Listing gains cannot be ascertained before listing the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
