Sunita Tools IPO will open for subscription from 26 September 2023. The company aims for an issue size of ₹22.05 Cr through this IPO.
Company Overview
| Full name | Sunita Tools Limited |
| Sector | Capital Goods |
| Industry | Engineering |
| Company Website | http://www.sunitatools.com/ |
About Company
Incorporated in 1988, Sunita Tools has been in the Engineering and mould-based Industry for over Five decades providing one-of-a-kind customized solutions to various industries. The company has established itself as one of the most reliable Ground Plates, Mould Bases, and Precision CNC Machining Companies in India, the United Kingdom (UK), the United States of America (USA), and the United Arab Emirates (UAE).
The company’s specialization and primary activity is to produce mould-based products & machinery parts. Following are list of its products: 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 mould Bases, and Prototype Mould Bases. The restated revenue of the company has increased from INR 666.36 lakhs in FY 2021, INR 873.47 lakhs in FY 2022 to INR 1,384.44 lakhs in FY 2023, representing a CAGR of 44.14%.
The Objectives of the Issue
- Funding Working capital requirements.
- General Corporate Purpose.
IPO Timetable
| IPO Opening date | 26 September 2023 |
| IPO Closing | 28 September 2023 |
| Basis of Allotment | 04 October 2023 |
| Initiation Refund | 05 October 2023 |
| Credit to Demat Account | 06 October 2023 |
| Listing Date | 09 October 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹22.05 Cr – 1,520,400 shares |
| Fresh Issue | ₹19.14 Cr – 1,320,000 shares |
| Offer for sale | ₹2.91 Cr – 200,400 shares |
| Face value | ₹10 per share |
| Offer Price | ₹145 per share |
| Lot size | 1000 Shares |
| Market Maker portion | 78,000 shares |
| Shareholding pre-issue | 4,305,000 |
| Shareholding post-issue | 5,625,000 |
| Listing Exchange | BSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹145,000 |
| Retail (Max) | 1 | 1000 | ₹145,000 |
| HNI (Min) | 2 | 2,000 | ₹290,000 |
Reservation Details
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 666.36 | 873.47 | 1,384.44 |
| Expenses | 664.18 | 808.35 | 1,080.61 |
| Net income | 26.66 | 80.99 | 337.71 |
Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 1.10 | 3.35 | 13.96 |
| PE ratio | – | – | 10.39 |
| RONW (%) | (7.66) | (30.33) | 105.31 |
| NAV | – | – | 13.25 |
| ROCE (%) | 62.0 | 63.0 | 38.0 |
| EBITDA (%) | 28.83 | 25.97 | 38.04 |
| Debt/Equity | (3.83) | (4.68) | 5.17 |
Company Promoters
- Ms. Sangeeta Pandey
- Mr. Sanjay Kumar Pandey
- Mr. Satish Kumar Pandey
- Ms. Ragini Pandey
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 72.97% |
Lead Manager(s)
ARYAMAN FINANCIAL SERVICES LIMITED
60, Khatau Building, Ground Floor,
Alkesh Dinesh Modi Marg, Fort,
Mumbai – 400 001
Phone: +91 22 – 6216 6999
Email: ipo@afsl.co.in
Website: www.afsl.co.in
IPO Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: cpl.ipo@kfintech.com
Website: www.kfintech.com
Contact Details
SUNITA TOOLS LIMITED
Survey No. 66, Plot No. A, Valiv, Sativali Road,
Vasai East, Palghar, Thane 401208
Phone: +91 9136019995
E-mail: info@sunitatools.com
Website: www.sunitatools.com
Allotment Status
Sunita Tools IPO allotment status will be available on the KFin Tech website. Click on this link to get allotment status.
Final thoughts
Sunita Tools IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
