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Sunita Tools IPO is a fixed price issue of Rs 22.04 crores. The issue is a combination of fresh issue of 13.2 lakh shares aggregating to Rs 19.14 crores and offer for sale of 2 lakh shares aggregating to Rs 2.90 crores.
Sunita Tools IPO bidding started from September 26, 2023 and ended on October 3, 2023. The allotment for Sunita Tools IPO was finalized on Wednesday, October 4, 2023. The shares got listed on BSE SME on October 11, 2023.
Sunita Tools IPO price is ₹145 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹145,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹290,000.
Aryaman Financial Services Limited is the book running lead manager of the Sunita Tools IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Sunita Tools IPO is Ss Corporate Securities.
Refer to Sunita Tools IPO RHP for detailed information.
| IPO Date | September 26, 2023 to October 3, 2023 |
| Listing Date | October 11, 2023 |
| Face Value | ₹10 per share |
| Price | ₹145 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 1,520,000 shares (aggregating up to ₹22.04 Cr) |
| Fresh Issue | 1,320,000 shares (aggregating up to ₹19.14 Cr) |
| Offer for Sale | 200,000 shares of ₹10 (aggregating up to ₹2.90 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 4,305,000 |
| Share holding post issue | 5,625,000 |
| Market Maker portion | 78,000 shares Ss Corporate Securities |
Sunita Tools IPO offers 1,520,000 shares. 721,000 (47.43%) to NII, 721,000 (47.43%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 78,000 (5.13%) |
| Other Shares Offered | 721,000 (47.43%) |
| Retail Shares Offered | 721,000 (47.43%) |
| Total Shares Offered | 1,520,000 (100%) |
Sunita Tools IPO opens on September 26, 2023, and closes on October 3, 2023.
| IPO Open Date | Tuesday, September 26, 2023 |
| IPO Close Date | Tuesday, October 3, 2023 |
| Basis of Allotment | Wednesday, October 4, 2023 |
| Initiation of Refunds | Thursday, October 5, 2023 |
| Credit of Shares to Demat | Friday, October 6, 2023 |
| Listing Date | Wednesday, October 11, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 3, 2023 |
Investors can bid for a minimum of 1000 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 | 1000 | ₹145,000 |
| Retail (Max) | 1 | 1000 | ₹145,000 |
| HNI (Min) | 2 | 2,000 | ₹290,000 |
| Lot Size Calculator | |||
Ms. Sangeeta Pandey, Mr. Sanjay Kumar Pandey, Mr. Satish Kumar Pandey, and Ms. Ragini Pandey are the company's promoters.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 72.97% |
Incorporated in 1988, Sunita Tools Limited manufactures mold base and machining parts for Automotive, Pharmaceutical, Electronics, Consumer Goods, and Manufacturing Sectors.
The company manufactures Customized Mould Bases, Precision Finish CNC Machining, Plastic Mould Bases, Pocket Machining, Injection Mould Bases, Precision Component Machining, Mould Bases For Caps and closures, Blow Mould Bases, Standard Mould Bases, Compression Mould bases, Die Casting Mould Bases, Insert Mould Bases, Over mold Bases, and Prototype Mould Bases. The company's products are used as Capital Assets as inputs in the Automotive Industry, Heavy Manufacturing, Industry Plastics Industry, Electrical Industry, and Consumer Goods Industry.
Sunita Tools' manufacturing unit is located in Vasai, Mumbai, with a capacity to produce large dimensional products ranging from 200*200 mm to 4000*2000 mm up to 30 tones in weight.
The company recorded ₹ 666.36 lakhs in Fiscal 2021, ₹ 873.47 lakhs in fiscal 2022, and ₹ 1,384.44 lakhs in Fiscal 2023 in revenue from operations respectively.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 1,351.82 | 1,422.66 | 2,537.71 |
| Revenue | 691.50 | 888.88 | 1,417.33 |
| Profit After Tax | 26.66 | 80.99 | 337.71 |
| Net Worth | -348.02 | -267.02 | 320.69 |
| Reserves and Surplus | -528.52 | -447.52 | -109.81 |
| Total Borrowing | 1,334.63 | 1,249.16 | 1,659.96 |
The market capitalization of Sunita Tools IPO is Rs 81.56 Cr.
| KPI | Values |
|---|---|
| ROE | 12.59 |
| ROCE | 0.38 |
| Debt/Equity | 5.17 |
| RoNW | 105.31% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 13.96 | |
| P/E (x) | 16.88 | 24.17 |
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. Its performance so far is not in line with the asking price. The issue is aggressively priced discounting all near-term positives. The small equity base post-IPO indicates longer gestation for migration to the mainboard. There is no harm in skipping this pricey issue. Read detail review...
The Sunita Tools IPO is subscribed 13.24 times on October 3, 2023 7:02:00 PM. The public issue subscribed 21.10 times in the retail category, times in the QIB category, and 5.27 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 5.27 |
| Retail | 21.10 |
| Total | 13.24 |
Total Application : 17,418 (24.16 times)
| Listing Date | October 11, 2023 |
| BSE Script Code | 544001 |
| NSE Symbol | |
| ISIN | INE0Q1S01010 |
| Final Issue Price | ₹145 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹145.00 |
| ₹155.00 |
| ₹147.25 |
| ₹158.00 |
| ₹147.25 |
Sunita Tools Limited
Survey No. 66, Plot No. A,
Valiv, Sativali Road, Vasai East,
Palghar, Thane - 401208
Phone: +91 9136019995
Email: info@sunitatools.com
Website: http://www.sunitatools.com/index.php
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: cpl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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Sunita Tools IPO is a SME IPO of 1,520,000 equity shares of the face value of ₹10 aggregating up to ₹22.04 Crores. The issue is priced at ₹145 per share. The minimum order quantity is 1000 Shares.
The IPO opens on September 26, 2023, and closes on October 3, 2023.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Sunita Tools IPO using UPI as a payment gateway. Zerodha customers can apply in Sunita Tools IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sunita Tools IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sunita Tools IPO opens on September 26, 2023 and closes on October 3, 2023.
Sunita Tools IPO lot size is 1000 Shares, and the minimum amount required is ₹145,000.
You can apply in Sunita Tools 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 Sunita Tools IPO will be done on Wednesday, October 4, 2023, and the allotted shares will be credited to your demat account by Friday, October 6, 2023. Check the Sunita Tools IPO allotment status.
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