Sunlite Recycling Industries Ltd - IPO

Sunlite Recycling Industries Ltd IPO Details

Initial public offer of upto 28,80,000 equity shares of face value of Rs. 10/- each (the Equity Shares) of Sunlite Recycling industries limited (The Company or The Issuer) at an issue price of Rs. 105 per equity share (including share premium of Rs. 95 per equity share) for cash, aggregating up to Rs. 30.24 crores (Public Issue) out of which 1,48,800 equity shares of face value of Rs. 10 each, at an issue price of Rs. 105 per equity share for cash, aggregating Rs. 1.56 crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. issue of 27,31,200 equity shares of face value of Rs. 10 each, at an issue price of Rs. 105 per equity share for cash, aggregating upto Rs. 28.68 crores is herein after referred to as the Net Issue. The public issue and net issue will constitute 26.47% and 25.10% respectively of the post-issue paid-up equity share capital of the company.

Objective of issue

Funding of capital expenditure towards installation of new plant & machinery. Repayment and /or pre-payment in full or part of certain borrowings availed by the company. General corporate purposes.

Sunlite Recycling Industries Ltd Contact Details

Sunlite Recycling Industries Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - cs@sunliteindustries.com

Website - www.sunliteindustries.com