Sunita Tools IPO

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 nameSunita Tools Limited
SectorCapital Goods
Company Website

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 date26 September 2023
IPO Closing28 September 2023
Basis of Allotment04 October 2023
Initiation Refund05 October 2023
Credit to Demat Account06 October 2023
Listing Date09 October 2023
(Cut-off time for UPI mandate confirmation – 5 PM on September 28, 2023)

IPO details

Issue typeFixed 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 size1000 Shares
Market Maker portion78,000 shares
Shareholding pre-issue4,305,000
Shareholding post-issue5,625,000
Listing ExchangeBSE SME

IPO Lot Size

Retail (Min)11000₹145,000
Retail (Max)11000₹145,000
HNI (Min)22,000₹290,000

Reservation Details

Other Shares Offered50%
Retail Shares Offered50%

Financial Performance

 FY 2021FY 2022FY 2023
Net income26.6680.99337.71
(Amount in ₹ Lakhs)

Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio10.39
RONW (%)(7.66)(30.33)105.31
ROCE (%)
EBITDA (%)28.8325.9738.04

Company Promoters

  • Ms. Sangeeta Pandey
  • Mr. Sanjay Kumar Pandey
  • Mr. Satish Kumar Pandey
  • Ms. Ragini Pandey

Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding72.97%

Lead Manager(s)

60, Khatau Building, Ground Floor,
Alkesh Dinesh Modi Marg, Fort,
Mumbai – 400 001
Phone: +91 22 – 6216 6999

IPO Registrar

Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222

Contact Details

Survey No. 66, Plot No. A, Valiv, Sativali Road,
Vasai East, Palghar, Thane 401208
Phone: +91 9136019995

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

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