Sunita Tools Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

26 Sep 2023

Close Date

03 Oct 2023

Allotment

04 Oct 2023

Listing Date

11 Oct 2023

Exchange

BSE SME

Price Band

₹145

Listing Price

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Allotment Status

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Price Band

₹145

Per share

Face Value

₹10 per share

Lot Size

1,000 Shares

per lot

Issue Size

15,20,000 shares (aggregating up to ₹22.04 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹145,000

1 lot

Pre-IPO Holding

43,05,000 shares

Promoters

Post-IPO Holding

56,25,000 shares

Promoters

P/E (Pre)

16.88x

P/E (Post)

24.17x

EPS (Pre)

₹13.96

UPI Deadline

2023-10-03

Mandate

Anchor AllotmentMon, 25 Sep 2023

Basis of AllotmentWed, 04 Oct 2023

Refund InitiationThu, 05 Oct 2023

Demat CreditFri, 06 Oct 2023

Listing DayWed, 11 Oct 2023

UPI Mandate Deadline2023-10-03

Sale TypeFresh Capital-cum-Offer for Sale

Net Offer to Public14,42,000 shares (aggregating up to ₹20.91 Cr)

Market Maker Quota78,000 shares (aggregating up to ₹1.13 Cr)

Fresh Issue Shares12,42,000 shares (aggregating up to ₹18.01 Cr)

Offer for Sale2,00,000 shares of ₹10 (aggregating up to ₹2.90 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Sunita Tools Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 03 Oct 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	78,000	—	₹1.13
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	1,520,000	100%	₹22.04

IPO Shares Offered

Sunita Tools Ltd IPO total issue size: ₹22.04 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	78,000	₹1.13	5.13%
Total	1,520,000	₹22.04	100.00%

* Based on upper price band ₹145 per share

Lot Size & Investment

Lot Size

1,000

Shares per Lot

Issue Price

₹145.00

Upper Band

Min Investment

₹145,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	2,000	₹290,000
Retail (Max — 13 Lots)	13	13,000	₹1,885,000
S-HNI (Min — 14 Lots)	14	14,000	₹2,030,000
B-HNI (Min — 68 Lots)	68	68,000	₹9,860,000

* Issue Price ₹145 × Lot Size 1,000 shares

IPO Schedule

Anchor

25 Sep 2023

✓ Done

IPO Open

26 Sep 2023

✓ Done

IPO Close

03 Oct 2023

✓ Done

Allotment

04 Oct 2023

✓ Done

Refunds

05 Oct 2023

✓ Done

Demat Credit

06 Oct 2023

✓ Done

Listing Day

11 Oct 2023

✓ Done

₹145.00

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Issue ₹145.00 Live Price

About Sunita Tools Ltd

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.

Objects of the Issue

Funding Working capital requirements

General Corporate Purpose

Sunita Tools Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹691.5

31 Mar 2021

₹888.9

31 Mar 2022

₹1,417.3

31 Mar 2023

Profit After Tax (PAT)

₹26.7

31 Mar 2021

₹81.0

31 Mar 2022

₹337.7

31 Mar 2023

Particulars	31 Mar 2023	31 Mar 2022	31 Mar 2021
Revenue from Operations	1417.33	888.88	691.50
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	337.71	80.99	26.66
Net Worth	320.69	-267.02	-348.02
Total Assets	2537.71	1422.66	1351.82
Reserves & Surplus	-109.81	-447.52	-528.52
Borrowings	1659.96	1249.16	1334.63
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoE

12.59

RoCE

0.38

RoNW

105.31%

Debt/Equity

5.17

Issue Structure & Shareholding

Total Shares Offered15,20,000 (100.00%)

Net Offer to Public14,42,000 shares (aggregating up to ₹20.91 Cr)

Reserved for Market Maker78,000 shares (aggregating up to ₹1.13 Cr)

Pre-Issue Promoter Holding43,05,000 shares

Post-Issue Promoter Holding56,25,000 shares

P/BV RatioN/A

RoE12.59

RoCE0.38

Debt / Equity5.17

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Kfin Technologies Ltd

04067162222, 04079611000

cpl.ipo@kfintech.com

https://ipostatus.kfintech.com/

Check Allotment

Book Running Lead Managers

Aryaman Financial Services Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Sunita Tools Ltd IPO subscribed? ▲

Sunita Tools Ltd IPO is subscribed 1.00 times by Oct 03, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Sunita Tools Ltd IPO retail subscription status? ▼

The Sunita Tools Ltd IPO retail category is subscribed 1.00 times as of 03 Oct 2023. The retail portion is oversubscribed.

How to subscribe Sunita Tools Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 26 Sep 2023 and closes 03 Oct 2023. Min investment: ₹145,000 (1 lot = 1,000 shares). UPI mandate: 2023-10-03.

How many times Sunita Tools Ltd IPO subscribed? ▼

The Sunita Tools Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Sunita Tools Ltd IPO allotment? ▼

Check allotment on the registrar website (Kfin Technologies Ltd) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 04 Oct 2023. Refunds: on 05 Oct 2023.

When Sunita Tools Ltd IPO will be listed? ▼

The Sunita Tools Ltd IPO listing date is 11 Oct 2023, Wednesday. Listed on: BSE SME. Issue price: ₹145. Estimated listing: ₹145. GMP: NIL.

When Sunita Tools Ltd IPO close? ▼

The Sunita Tools Ltd IPO closes on 03 Oct 2023, Tuesday. UPI mandate: 2023-10-03. Allotment: 04 Oct 2023. Listing: 11 Oct 2023.

Quick Actions

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Live Price LIVE

Last Price₹145.00

Change—

Issue Price₹145.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹145

Face Value₹10

Lot Size1,000 Sh

Min. Amount₹145,000

GMPNIL

Est. Listing₹145

Subscribed1.00x

Open Date26 Sep 2023

Close Date03 Oct 2023

Allotment04 Oct 2023

Listing Date11 Oct 2023

ExchangeBSE SME

UPI Deadline2023-10-03