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Sun Retail Limited IPO (Sun Retail IPO) Detail

September 27, 2018 - October 8, 2018

Sun Retail IPO is a fixed price issue of Rs 10.12 crores.

Sun Retail IPO bidding started from September 27, 2018 and ended on October 8, 2018. The shares got listed on BSE SME on October 16, 2018.

Sun Retail IPO price is ₹23 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹138,000.

Fedex Securities Pvt Ltd is the book running lead manager of the Sun Retail IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Sun Retail IPO RHP for detailed information.

Sun Retail IPO Details

IPO Date September 27, 2018 to October 8, 2018
Listing Date October 16, 2018
Face Value ₹10 per share
Price ₹23 per share
Lot Size 6000 Shares
Total Issue Size4,398,000 shares
(aggregating up to ₹10.12 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion366,000 shares

Sun Retail IPO Reservation

Sun Retail IPO offers 4,398,000 shares. 2,016,000 (45.84%) to NII, 2,016,000 (45.84%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered366,000 (8.32%)
Other Shares Offered2,016,000 (45.84%)
Retail Shares Offered2,016,000 (45.84%)
Total Shares Offered4,398,000 (100%)

Sun Retail IPO Lot Size

Investors can bid for a minimum of 6000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 6000 ₹138,000
Retail (Max) 1 6000 ₹138,000
Lot Size Calculator

About Sun Retail Limited

Incorporated in 2007, Ahmedabad based Sun Retail Limited is a company engaged in the business of trading into refined/filtered edible oils.

The major products of the company include cottonseed oil, groundnut oil, and sunflower oil. It also performs the activity of bulk trading of palmolein oil and soyabean oil. The products are sold under the brand name of ?Dharti and ?Dharti Singtel.

The Company's total revenue ( as restated) was Rs. 6804.62 lakhs, Rs. 2563.07 lakhs and Rs. 2309.64 for in Financial Year 2017, 2016 and 2015 respectively.

The Company's PAT was Rs. 18.75 lakhs, 3.59 lakhs and 0.97 lakhs for Financial Year 2017, 2016 and 2015 respectively.

Till January 05 2018, it had total revenue of Rs.4470.37 lakhs and a profit of Rs 9.66 lakhs.

The company has 10 employees on its payroll.

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
05-Jan-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 3,749.25 1,091.71 577.91 603.14 1,367.32 776.27
Total Revenue 4,470.37 6,805.58 2,563.07 2,309.64 1,664.21 1,956.37
Profit After Tax 9.66 18.75 3.59 0.97 0.03 1.82

Objects of the Issue (Sun Retail IPO Objectives)

The objects of the Issue are:
1. Incremental Working capital requirements- Rs 709.00 lakhs
2. General Corporate Purpose- Rs 243.00 lakhs
3. Meeting Public Issue Expenses- Rs 59.54 lakhs

Sun Retail IPO Review (Avoid)

[Dilip Davda]  

Considering exorbitant pricing, there is no harm in giving this issue a miss.

Read detail review...

Sun Retail IPO Subscription Status (Bidding Detail)

The Sun Retail IPO is subscribed 1.61 times on October 8, 2018 5:00:00 PM. The public issue subscribed 0.85 times in the retail category, times in the QIB category, and 2.36 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Sun Retail IPO Prospectus

Sun Retail IPO Rating

Rating:Rated 2.7 stars
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Sun Retail IPO Listing Details

Listing Date October 16, 2018
BSE Script Code 542025
NSE Symbol
ISIN INE206Z01012
Final Issue Price ₹23 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Sun Retail Limited Contact Details

Sun Retail Limited
Naroda, Ahmedabad - 382330
Phone: 079- 22843366

Sun Retail IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Sun Retail IPO - Buy or Not

Sun Retail IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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Sun Retail IPO FAQs

Sun Retail IPO is a SME IPO of 4,398,000 equity shares of the face value of ₹10 aggregating up to ₹10.12 Crores. The issue is priced at ₹23 per share. The minimum order quantity is 6000 Shares.

The IPO opens on September 27, 2018, and closes on October 8, 2018.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Sun Retail IPO opens on September 27, 2018 and closes on October 8, 2018.

Sun Retail IPO lot size is 6000 Shares, and the minimum amount required is ₹138,000.

You can apply in Sun Retail IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Sun Retail IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Sun Retail IPO allotment status.

The Sun Retail IPO listing date is on October 16, 2018.
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Sun Retail IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



4. Inder swami |   Link |  Bookmark |October 16, 2018 12:52:21 PM
opened @36 rs per share.. almost 60% listing gain.. :O
4.1. Small Investor |   Link |  Bookmark |October 18, 2018 12:29:16 PM
IPO Guru IPO Guru (2000+ Posts, 1000+ Likes)
Why i not apply in this stock ?

i am very very sad
4.2. Small Investor |   Link |  Bookmark |October 18, 2018 12:32:14 PM
IPO Guru IPO Guru (2000+ Posts, 1000+ Likes)
5 HNI Rejects his Bid about 2052000 shares, then this stock Open 60% UP

Only Oppretor game play
3. Adityasingh |   Link |  Bookmark |October 16, 2018 11:11:35 PM
Another avoid by Davda sir which gave excellent returns on the listing day itself .!
2. DownriteVJ |   Link |  Bookmark |September 28, 2018 2:15:38 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Kya hai yeh??
1. GrowYourMoney |   Link |  Bookmark |September 25, 2018 4:20:06 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)

Regulators need to awake...
Such IPOs may kill the Market..

Superb Fundamental hai...
It should be listed at Main Board....