Sunrise Efficient Marketing the proprietorship firm seized operating in year 2020 and whole business of firm was continued by the company. Thus, the company has continued working as distributor of various prestigious manufacturers ie. Bharat Bijlee, Elecon, Power build, Yaskawa etc. for sale of energy efficient products such as electric motors, Industrial lubricants, lighting products, Industrial Pumps, Disk etc.
| Bidding Dates |
|---|
| 30 Mar 2022 - 05 Apr 2022 |
| Subscription |
|---|
| 1.46x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,21,000 | 1 | 1 | 1000 | 1.4 M | ₹121 | 72.4 % | ₹167.0 M | RHP DOC |
Sunrise Efficient IPO SUBSCRIPTION STATUS
05 Apr '22Sunrise Efficient IPO overall subscription rate was 1.46 times the total available shares
Sunrise Efficient IPO retail subscription rate was 1.13 times in the retail segment
Sunrise Efficient IPO non-institutional investor subscription rate was 1.78 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
04 Apr 2022 (Day 4) | 0.74x | 1.22x | - |
05 Apr 2022 (Day 5) | 1.13x | 1.78x | - |
30 Mar 2022 (Day 1) | 0.49x | 1.13x | - |
31 Mar 2022 (Day 2) | 0.55x | 1.18x | - |
01 Apr 2022 (Day 3) | 0.57x | 1.18x | - |
Sunrise Efficient 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) |
| H1FY22 | 31.2 | 299.9 | 26.0 | 25.7 |
| FY21 | 1.8 | 261.4 | 74.2 | 73.3 |
Sunrise Efficient IPO SUBSCRIPTION STATUS DETAILS
Sunrise Efficient had 1.4 M shares on offer
Sunrise Efficient IPO offer price was ₹121
Sunrise Efficient IPO minimum Investment was ₹121000
Sunrise Efficient IPO issue size was ₹ 167.0 M
Sunrise Efficient had a minimum lot size of 1000 Shares per application
Sunrise Efficient NUMBER OF SHARES ON OFFER
Sunrise Efficient IPO IMPORTANT DATES
| Issue Open Date | 30 Mar 2022 |
| Issue close Date | 05 Apr 2022 |
| Allotment Date | 08 Apr 2022 |
| Refund Date | 11 Apr 2022 |
| Demat Account Credit Date | 12 Mar 2022 |
| Listing Date | 12 Apr 2022 |
| Listing on Exchange(s) | BSE |
| Sunrise Efficient Allotment Status | Exchange |
Sunrise Efficient IPO subscription opened on 30 Mar 2022, and closed on 05 Apr 2022
IPO allotment for Sunrise Efficient was finalized on Friday, 08 Apr 2022
IPO listing for Sunrise Efficient was on BSE on Tuesday, 12 Apr 2022
Sunrise Efficient IPO LISTING GAINS
| Issue Price (adjusted) | 40.3 |
| Listing Open Price | 121.3 |
| Listing Close Price | 124.8 |
| Listing Gain% | 0.2% |
| Current Gain% | -3.7% |
Sunrise Efficient 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sunrise Efficient Marketing Ltd. | 38.8 | 19.4 | 4.9 | 0.1 | 14.3 | 13.2 | 245.9 | 15.1 | 7.9 | ||||
| Adani Enterprises Ltd. | 3001.2 | 406185.8 | 54.6 | 3.3 | 3.6 | 11.5 | 3.6 | 102943.2 | 2.6 | 9339.5 | 31.6 | 55 | 16.7 |
| Redington Ltd. | 355.8 | 27819.4 | 16.4 | 4 | 0.2 | 14.7 | 4.4 | 119347.4 | 19.9 | 1490.2 | -7.1 | 21.8 | 4.1 |
| Lloyds Enterprises Ltd. | 82.5 | 12457.6 | 44 | 0.1 | 7.1 | 6.8 | 3.9 | 2183.7 | 39 | 283.4 | 396.5 | 1.9 | 396.5 |
| MMTC Ltd. | 64.9 | 9732 | 25.1 | 0.1 | 2854 | 18.3 | 13.8 | 180.6 | -31.3 | 387.4 | 347.2 | 2.6 | 347.2 |
| Swan Corp Ltd. | 309 | 9685.8 | 35.3 | -0.6 | 2.2 | 3.6 | 2 | 5143.5 | -25.3 | 274.1 | -63.7 | 8.7 | -63.7 |
Sunrise Efficient INFORMATION ON IPO ISSUE
About Sunrise Efficient
Sunrise Efficient Marketing the proprietorship firm seized operating in year 2020 and whole business of firm was continued by the company. Thus, the company has continued working as distributor of various prestigious manufacturers ie. Bharat Bijlee, Elecon, Power build, Yaskawa etc. for sale of energy efficient products such as electric motors, Industrial lubricants, lighting products, Industrial Pumps, Disk etc.
Object of the Issue
- Meeting incremental working capital requirements
- General corporate purposes
- Issue-related expenses
Sunrise Efficient - PROMOTERS
| Name |
|---|
| Lejas Desai |
Sunrise Efficient Lead Manager
Fedex Securities Private Limited
mb@fedsec.in
Sunrise Efficient Registrar to the Offer
Kfin Technologies Private Limited
seml.ipo@kfintech.com
Sunrise Efficient Strengths
Large and diverse product portfolio
The company is currently dealing in a wide range of products like motors, lubricants, gears, lighting, grease, pump and drives which are majorly used by the textile companies
Established relationship with institutional customers
The company focuses on providing the customers with the desired quality and standard products.
Quality assurance and control
The company has received an ISO 9001:2015 certification on the quality management system for designing, assembling, repairing, importing, buying, and selling of industrial pumps, gearboxes, and motors.
Sunrise Efficient Risks
Legal proceedings
The company is involved in certain legal proceedings and may face certain liabilities as a result of the same
Limited Customers
A substantial portion of the revenue is dependent on a limited number of customers
Cyclical business
Demand for products is cyclical in nature and causes a substantial decrease in sales during certain quarters
IPO FAQs
Sunrise Efficient Marketing Ltd. IPO listing opened at Rs 121.25 while the issue price was Rs 121.00 giving 0.21% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 40.33 giving -3.72% gains since its IPO listing.
The promoter of the company is Lejas Desai.
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 121.0 - 121.0.
The IPO application opens on Mar 30, 2022 and closes on Apr 05, 2022.
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. 121,000.0, the maximum value for this IPO is Rs 121,000.0.
This IPO will be allotted on Apr 08, 2022.
The refund will be credited to your account on Apr 11, 2022.
The allotted shares will be credited to your demat on Mar 12, 2022.
Sunrise Efficient Marketing Ltd.’s shares listed on the stock exchanges on Apr 12, 2022.