Sunita Tools IPO Details, Price, Dates, Fundamentals

Sunita Tools IPO Details, Price, Dates, Fundamentals: The fixed price Sunita Tools Limited IPO is worth Rs 22.04 crores. The issue consists of a fresh issue of 13.2 lakh shares for a total of Rs 19.14 crores and an offer to sell 2 lakh shares worth a total of Rs 2.90 crores. The IPO price for Sunita Tools is 145 per share. For applications, a minimum lot size of 1000 Shares is required. Retail investors must make a minimum investment of 145,000 rupees. 2 lots (2,000 shares), or $298,000, are the required minimum investment for HNIs.


On September 26, 2023, subscriptions for the Sunita Tools Initial Public Offering go on sale. They end on September 29, 2023. On Thursday, October 5, 2023, the Sunita Tools IPO’s allotment is anticipated to be completed. The preliminary offering date for Sunita Tools’ IPO, which will list on the BSE SME, is set for Tuesday, October 10, 2023.

The Sunita Tools IPO’s book-running lead manager is Aryaman Financial Services Limited, and the issue’s registrar is Kfin Technologies Limited. Ss Corporate Securities will act as the market maker for the IPO of Sunita Tools.

Sunita Tools IPO Overview

Sunita Tools Limited Company Overview
Company Name Sunita Tools Limited
IPO Opening Date 26 September, 2023
IPO Closing Date 29 September, 2023
Face Value 10₹ Per Share
Share Price Range 145₹ Per Share
Lot Size 1000 Shares
GMP Check Here
Issue Type Fixed Price Issue
Total IPO Issue Size 1,520,000 Shares
Fresh Issue Size 1,320,000 Shares
IPO Listing At BSE SME
Share Holding Pre Issue 4,305,000
Share Holding Post Issue 5,625,000
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Sunita Tools IPO Lot Size

Sunita Tools Limited IPO Lot Size
Minimum Retail Applications 01 Lot
Maximum Retail Applications 01 Lot
Minimum HNI Applications 02 Lots
Total Shares In Single Lot 1000 Shares
Amount For Single Lot 145,000 Rupees


Sunita Tools IPO Time Table (Tentative)

Sunita Tools Limited IPO Time Table Complete Details
IPO Initiation Date 26 September, 2023
IPO Ending Date 29 September, 2023
Basis Of Allotment 05 October, 2023
Initiation Of Refund 06 October, 2023
Shares Credit To Demat Account 09 October, 2023
Date Of Listing 10 October, 2023
Cut Off Time For UPI Mandate Confirmation 05 PM, 29 September, 2023


Sunita Tools IPO Reservation Details

Sunita Tools Limited IPO Reservation Overview
Shares Offered To Retailers 50% Of Total Net Offer
Shares Offered To Others 50% Of Total Net Offer


Sunita Tools Company Financials

Sunita Tools Limited Company Financials Information
This Data Is Of 31 March, 2023
Total Revenue 1,417.33 Cr
Assets 2,537.71 Cr
Profit After Tax 337.71 Cr
Net Worth 320.69 Cr
Reserves And Surplus -109.81 Cr
Debt 1,659.96 Cr


Sunita Tools Promoters Holding

Share Holding Pre Issue 100%
Share Holding Post Issue 72.97%


Sunita Tools Key Performance Indicators

Sunita Tools Limited Key Performance Indicators
KPI Values
P/E (X) 16.88
EPS 13.96
ROE 12.59%
ROCE 0.38%
RoNW 105.31%


Is Sunita Tools IPO Good Or Bad To Buy?

The industry in which the company competes is extremely competitive and fragmented. Its performance thus far does not justify the price. All short-term positives are heavily discounted in the issue’s price. The limited equity base following the IPO suggests a longer migration period to the mainboard. It is safe to ignore this expensive problem.


What Is The Future Of Sunita Tools Stock?

Sunita Tools Limited, a 1988 incorporation, produces mold bases and machining components for the automotive, pharmaceutical, electronic, consumer goods, and manufacturing industries. The business produces

  • Custom-made 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 mould bases.
  • Prototype mould bases.

Products from the company are utilized as capital assets as inputs in the consumer goods, automotive, heavy manufacturing, plastics, and electrical industries.


What Is The Objective Of Sunita Tools IPO Issue?

There are two main objectives for this:-

  • Funding needs for working capital.
  • Broader corporate objectives.

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