Sunita Tools Ltd IPO

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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• Go to the IPO Section and then to IPO Orders
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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

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Strengths

1. 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.

2. 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

1. 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.

2. 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.