Sunita Tools was incorporated on January 12, 1988, and has been operating in the engineering and mould base industry, offering customised solutions to a variety of sectors.
| Bidding Dates |
|---|
| 26 Sep 2023 - 29 Sep 2023 |
| Subscription |
|---|
| 12.61x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,45,000 | 1 | 1 | 1000 | 1.5 M | ₹145 | 72.98 % | ₹220.4 M | RHP DOC |
Sunita Tools IPO SUBSCRIPTION STATUS
03 Oct '23Sunita Tools IPO overall subscription rate was 12.61 times the total available shares
Sunita Tools IPO retail subscription rate was 20.01 times in the retail segment
Sunita Tools IPO non-institutional investor subscription rate was 5.21 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
03 Oct 2023 (Day 5) | 20.01x | 5.21x | - |
29 Sep 2023 (Day 4) | 14.45x | 2.99x | - |
28 Sep 2023 (Day 3) | 10.46x | 2.44x | - |
27 Sep 2023 (Day 2) | 5.14x | 1.55x | - |
26 Sep 2023 (Day 1) | 2.34x | 0.91x | - |
Sunita Tools FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| FY23 | 33.8 | 138.4 | -27.7 | -52.2 |
| FY22 | 8.1 | 87.3 | 26.2 | 20.9 |
| FY21 | 2.7 | 66.6 | 32.2 | 28.8 |
Sunita Tools IPO SUBSCRIPTION STATUS DETAILS
Sunita Tools had 1.5 M shares on offer
Sunita Tools IPO offer price was ₹145
Sunita Tools IPO minimum Investment was ₹145000
Sunita Tools IPO issue size was ₹ 220.4 M
Sunita Tools had a minimum lot size of 1000 Shares per application
Sunita Tools NUMBER OF SHARES ON OFFER
Sunita Tools IPO IMPORTANT DATES
| Issue Open Date | 26 Sep 2023 |
| Issue close Date | 29 Sep 2023 |
| Allotment Date | 05 Oct 2023 |
| Refund Date | 06 Oct 2023 |
| Demat Account Credit Date | 09 Oct 2023 |
| Listing Date | 11 Oct 2023 |
| Listing on Exchange(s) | BSE |
| Sunita Tools Allotment Status | Exchange |
Sunita Tools IPO subscription opened on 26 Sep 2023, and closed on 29 Sep 2023
IPO allotment for Sunita Tools was finalized on Thursday, 05 Oct 2023
IPO listing for Sunita Tools was on BSE on Wednesday, 11 Oct 2023
Sunita Tools IPO LISTING GAINS
| Issue Price (adjusted) | 145.0 |
| Listing Open Price | 155.0 |
| Listing Close Price | 147.3 |
| Listing Gain% | 6.9% |
| Current Gain% | 570.9% |
Sunita Tools Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sunita Tools Ltd. | 972.8 | 547.2 | 98 | 10.5 | 11.4 | 8.8 | 4.6 | 47.9 | 56.1 | 6.2 | 21.2 | 9.9 | 9.4 |
| Cummins India Ltd. | 5426 | 150408.7 | 63.5 | 6 | 11.9 | 27.9 | 20.9 | 12660.5 | 16.8 | 2361.8 | 18.1 | 85.4 | 10.6 |
| GE Vernova T&D India Ltd. | 4299 | 110074.4 | 84.3 | 1.2 | 16.4 | 45.8 | 15.9 | 6297.2 | 44.6 | 1233.2 | 102.7 | 51 | 70.6 |
| 3M India Ltd. | 36035 | 40593.8 | 77.7 | 6.4 | 8 | 29.5 | 16.6 | 5138.5 | 13.8 | 522.3 | 9.7 | 463.7 | 12.2 |
| Kirloskar Oil Engines Ltd. | 2161.7 | 31457 | 57.6 | 3.7 | 4 | 15.9 | 5.3 | 7771.2 | 21.5 | 574.3 | 17.4 | 37.5 | 15.8 |
| Jyoti CNC Automation Ltd. | 784.3 | 17836.8 | 55.4 | -12.6 | 8.1 | 16.8 | 9.3 | 2153.6 | 17.5 | 336 | 6.3 | 14.1 | -4.4 |
Sunita Tools INFORMATION ON IPO ISSUE
About Sunita Tools
Sunita Tools was incorporated on January 12, 1988, and has been operating in the engineering and mould base industry, offering customised solutions to a variety of sectors.
Object of the Issue
- Funding working capital requirements
- General corporate purpose
Sunita Tools - PROMOTERS
| Name |
|---|
| Sangeeta Pandey |
| Sanjay Kumar Pandey |
| Satish Kumar Pandey |
| Ragini Pandey |
Sunita Tools Lead Manager To The Issue
Aryaman Financial Services
ipo@afsl.co.in
Sunita Tools Registrar to the issue
Kfin Technologies Private Limited
cpl.ipo@kfintech.com
Sunita Tools Strengths
Production quality
The company adheres to stringent quality parameters and maintains strong controls for precision throughout the manufacturing process
Long standing relationships
The company has built long-standing trust and relationships with major customers. Over the years, it has consistently delivered high-quality products to a diverse clientele
Competitive pricing
The company offers its services at competitive prices relative to competitors. To facilitate this, it utilises credit card facilities provided by financial institutions and fintech companies for booking reservations
Sunita Tools Risks
Legal proceedings
The company, its group companies, promoters, and directors are involved in certain legal proceedings. Any adverse decision in these proceedings could materially affect the business
Negative cash flows
The company has experienced negative cash flows in past years. Sustained negative cash flow could adversely affect its growth and business
Incurred indebtedness
The company has incurred debt and taken out unsecured loans that are repayable on demand. Should lenders demand repayment of these loans, it could adversely affect the company's cash flow and financial condition
IPO FAQs
This IPO consists of an offer for sale of up to Rs 2.9 crore, of 200,000 shares. It also consists of a fresh issue of Rs 19.1 crore.
The promoters of the company are Sangeeta Pandey, Sanjay Kumar Pandey, Satish Kumar Pandey and Ragini Pandey.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 145.0 - 145.0.
The IPO application opens on Sep 26, 2023 and closes on Sep 29, 2023.
The minimum lot size for the IPO is 1000. The maximum lot size for the IPO is 1000.
For all category investors, the minimum application amount for this IPO is Rs. 145,000.0, the maximum value for this IPO is Rs 145,000.0.
This IPO will be allotted on Oct 05, 2023.
The refund will be credited to your account on Oct 06, 2023.
The allotted shares will be credited to your demat on Oct 09, 2023.
Sunita Tools Ltd.’s shares listed on the stock exchanges on Oct 11, 2023.