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SME IPO Status: Listed [26th Sep 2023 to 3rd Oct 2023]
Sunita Tools Limited is offering an SME IPO issue size of Rs 22.04 Cr. The subscription period for this IPO is opening from 26 Sept to 03 Oct 2023.The face value of the shares is Rs 10 per share and the issue price and to apply in this SME IPO application you have to buy at least one lot of 1000 shares or its multiple at the fixed issue price of Rs 145.00 for each share.
Stay tuned for more information on Sunita Tools Limited IPO, including company overview, financials, live subscription, allotment, GMP and more.
| SME IPO Issue Opening Date: | 26th Sep 2023 |
| SME IPO Issue Closing Date: | 3rd Oct 2023 |
| SME IPO Issue Price: | ₹145.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | BSE SME |
| Retail Quota: | 50% of the net offer |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹22.04 Cr |
| Offer for Sale: | ₹2.90 Cr |
| Fresh Issue: | ₹19.14 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | 72.97% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544001 |
Get important updates regarding Sunita Tools SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 4th Oct 2023 |
| Refunds Initiation* | 5th Oct 2023 |
| Credit of Shares to Demat* | 6th Oct 2023 |
| SME IPO Listing Date* | 11th Oct 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹145.00 |
| Market Lot: | 1000 Shares |
| 1 Lot Amount: | ₹145000 |
| Min HNI Lots: | 2000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 11-10-2023 | 145.00 | 20 | 15200 | ₹165 (13.79%) | 11-Oct-2023 10:31 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Sunita Tools Limited was established in January 1988. Sunita Tools has been in the machine and mould manufacturing business for more than five decades, providing unique, customised solutions to various industries with a vision to meet tomorrow’s needs today. The company's products are moulds and machined parts, industrial capital goods that undergo rigorous quality testing to meet industry standards before delivery to customers.
The area where the company is located is a well-developed industrial area that offers easy availability of resources, easy back and forth logistics and transportation, which increases the efficiency of timely delivery according to customer requirements. This location gives the company a competitive advantage over its competitors. The company has good infrastructure, availability of labour, water and power supply, and the ability to manufacture large products with dimensions ranging from 200*200 mm to 4000*2000 mm and weighing up to 30 tonnes.
The ability to produce customised quality products, compatible products, consulting throughout the design and manufacturing process, and after-sales technical support give us significant competitive advantages. Their commitment to compatibility makes their products and services a flexible and versatile choice compared to others. The company is committed to addressing all of its business partners' concerns promptly through a strong commitment from management.
| Incorporation | Sector | IPO Issue Size | Website |
| 1988 | Manufacturing (Machinery & Equipments) | ₹22.04 Cr | http://www.sunitatools.com/index.php |
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 721,000 (50%) | 721,000 (50%) | 1,442,000 | |
| 1 | 26th Sep 2023 19:04 | 0.96x | 2.47x | 1.71x |
| 2 | 27th Sep 2023 19:04 | 1.53x | 5.41x | 3.47x |
| 3 | 28th Sep 2023 19:04 | 2.45x | 11.02x | 6.74x |
| 4 | 29th Sep 2023 19:04 | 3.03x | 15.23x | 9.14x |
| 5 | 3rd Oct 2023 19:04 | 5.27x | 21.10x | 13.24x |
| 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 table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Sunita Tools Limited | 13.96 | 7.45 | 105.31 |
Last Updated on 15-Oct-2023 06:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Sunita Tools SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Sunita Tools SME IPO with Zerodha.
Alternate approch to apply in Sunita Tools SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Sunita Tools SME IPO Review and Important Updates
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To subscribe or apply in Sunita Tools SME IPO, you can use the following methods:
| Sunita Tools SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Sunita Tools SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Sunita Tools SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Sunita Tools SME IPO. Most of the Syndicate Banks provide access to apply in Sunita Tools IPO via ASBA process. You must have your net banking access, DP ID information to apply in Sunita Tools SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Sunita Tools SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Sunita Tools SME IPO Review and Important Updates
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Sunita Tools SME IPO is going to be list on 11-10-2023. BSE Code for Sunita Tools is 544001.
Other relevant questions:
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Sunita Tools SME IPO Allotment Date is 04-10-2023.
Other relevant questions:
Sunita Tools SME IPO share allotment date?Sunita Tools SME IPO allotment date?
