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 |
| More IPO’s | Check Here |
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.