Sunlite recycling industries IPO details. Date, Price, GMP, Review

Sunlite recycling industries IPO details : Sunlite recycling industries IPO details is Open on 12 August 2024 and Close on 14 August 2024. Sunlite recycling industries IPO to Raise 28,80,000 shares (Approx ₹28.80 – 30.24 Cr) via IPO. The Fresh issue of 28,80,000 shares (Approx ₹28.80 – 30.24 Cr). 

We are engaged in the business of manufacturing of copper rods & wires, copper earthing wires, copper earthing strips, copper conductors, copper wire bars etc. through recycling of copper scrap, which has electrical and mechanical properties suitable for applications in power generation, transmission, distribution and electronic industries.

Further, we are also engaged in providing job work services for processing of various products of copper. We employ an internal quality control mechanism to ensure that our finished
product conforms to the exact requirement of our customers. engaged in manufacturing copper rods, wires, bars, strips etc.

Products List :-

• Oxygen Free Copper Rods
• Fire-Refined High Conductivity Copper Rods
• Copper Wires
• Copper Earthing Wire
• Copper Conductors
• Copper Submersible Wires
• Copper Earthing Strips

Our approach involves recycling copper scrap utilizing electricity sourced from solar generation and clean natural gas, thus mitigating the pollution associated with conventional oil-based energy sources. Copper is one of the most recycled metals of all the metals.

The recycling of copper scrap is gaining importance worldwide simply because of the fact that recovery of copper metal from scrap requires much less energy than its recovery made from primary source. Besides, it enables conservation of natural resources.

Sunlite recycling industries IPO Date & Price Band Details

Sunlite recycling industries IPO Market Lot Details

Object of the Issue

1. Funding of capital expenditure towards installation of new Plant & Machinery.
2. Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company.
3. General Corporate Purpose.

Sunlite recycling industries IPO Allotment & Listings (Details)

Sunlite recycling industries Financial Reports

Our Company Promoters

1. Nitin Kumar Heda
2. Prahladrai Ramdayal Heda
3. Khushboo Manishkumar Heda

Qualitative Factors

• Strong portfolio and diverse range of copper products.
• Stringent quality control mechanism ensuring standardized product quality.
• Revenue from multiple geographies in India.
• Experienced Senior Management.

Sunlite recycling industries Comparison Listed Industry Peers Group

Comparison of Accounting Ratios with Listed Peer Group Companies

• Sunlite Recycling Industries Limited
• Rajnandini Metal Limited.
• Bhagyanagar India Limited.

Also Read: Positron Energy IPO

Sunlite recycling industries Company Contact Details

Survey No. 270A & Plot No. 1, Survey No. 267,
Chhatha Mile, Dantali, Vaso, Kheda -387350, Gujarat, India.
Tel. No.: +91-9265111757
Email: info@sunliteindustries.com
Website: www.sunliteindustries.com

Sunlite recycling industries Lead Manager

Hem Securities Limited
Address: 904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, Maharashtra,
India.
Tel No.: +91-22-4906 0000
Email: ib@hemsecurities.com
Investor Grievance Email: redressal@hemsecurities.com
Website: www.hemsecurities.com
Contact Person: Ajay Jain

Sunlite recycling industries IPO Registrar

Cameo Corporate Services Limited
Address: Subramanian Building No.1, Club House Road,
Chennai-600002, Tamil Nadu, India.
Tel No.: +91-44-40020700/28460390
Email: ipo@cameoindia.com
Website: www.cameoindia.com
Investor Grievance Email: investor@cameoindia.com
Contact Person: Ms. K Sreepriya

OUR More Information PRODUCTS :-

1. COPPER RODS

 Oxygen Free Copper Rods(OFC) –  OFC is a high-purity copper alloy that has been refined to remove all traces of oxygen and other impurities. It is known for its excellent electrical conductivity, thermal conductivity, and low susceptibility to embrittlement. It is also one of the conductors that generate less internal heat than any other grade of copper.
We produce OFC rods in variety of sizes including 8mm, 12.5mm, 16mm, 20mm and 24mm. OFC rods are produced with the use of induction furnace technology, which is a clean, effective fuel source with little environmental impact .

Fire-Refined High Conductivity Copper Rods-(FRHC) 

Fire-Refined High Conductivity Copper Rods are a specific type of copper alloy known for its excellent thermal and electrical conductivity. FRHC copper rods are used in various industrial applications, including roofing, skylight frames, flashing, and fasteners. FRHC copper is employed in chlorine cells, printing rolls, chemical process equipment, and pressure vessels. They serve as bus bars, panel boards, lead frames, and terminal connectors. FRHC copper is utilized in the form of a brazing filler metal.

2. COPPER WIRES : – 

Copper wires conduct electrical currents that power our homes and electrical appliances we use every day. Copper wire is the preferred conductor for many electrical applications because of the high conductivity of copper, which contributes to its optimal performance. Copper efficiently transfers heat, making it valuable in heat exchangers and other thermal applications. It resists corrosion, ensuring its longevity. Copper can be easily drawn into wires without losing its properties. Below are different types of copper wires.

Copper Earthing Wires :-

Copper earthing wires play a crucial role in electrical safety systems. The earthing or grounding system involves connecting the metallic components of electric machinery and devices to an earth plate (ground rod) or earth electrode via an earth lead (grounding conductor) buried in moist soil. This connection is established using a thick copper conductor wire
with very low resistance for safety reasons.

Copper conductors :-

A copper conductor refers to a wire or cable made primarily of copper that is used to carry electrical current. Copper is a popular choice for conductors due to its excellent electrical conductivity, thermal conductivity, corrosion resistance, and malleability. It is widely used in various applications, including electrical wiring in buildings, power transmission and distribution lines, electronic devices, and telecommunications systems. Manufacturing of copper conductors at our manufacturing unit includes Round Copper Braids and Standard Copper conductors.

Copper Submersible Wires :-

Copper submersible wires are essential for powering submersible pumps, especially in applications where the wires are submerged in water. These wires are designed to withstand moisture, corrosion, and mechanical stress. These cables are specifically engineered for submersible pump installations, where durability and reliable performance are crucial.
These are produced using wire drawing machines. Depending on the intended use, the drawn copper wire may be further processed for specific applications.

3. COPPER STRIPS :-

Copper strips are thin, flat pieces of copper that come in various widths and thicknesses. Copper strips exhibit excellent electrical and thermal conductivity. Copper is known for its corrosion resistance, ensuring durability even in challenging environments. Copper strips are malleable, allowing for precise shaping and forming. These strips are durable and can withstand mechanical stress. The oxygen-free copper rod is fed into a extrusion machine to form copper strips. Depending on the specific requirements, the strip can be further processed to create different types of copper strips, such as flat strips, thin strips, or customized profiles.