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Sun Retail IPO is a fixed price issue of Rs 10.12 crores.
Sun Retail IPO bidding started from September 27, 2018 and ended on October 8, 2018. The shares got listed on BSE SME on October 16, 2018.
Sun Retail IPO price is ₹23 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹138,000.
Fedex Securities Pvt Ltd is the book running lead manager of the Sun Retail IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Sun Retail IPO RHP for detailed information.
| IPO Date | September 27, 2018 to October 8, 2018 |
| Listing Date | October 16, 2018 |
| Face Value | ₹10 per share |
| Price | ₹23 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 4,398,000 shares (aggregating up to ₹10.12 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 5,300,000 |
| Share holding post issue | 9,698,000 |
| Market Maker portion | 366,000 shares |
Sun Retail IPO offers 4,398,000 shares. 2,016,000 (45.84%) to NII, 2,016,000 (45.84%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 366,000 (8.32%) |
| Other Shares Offered | 2,016,000 (45.84%) |
| Retail Shares Offered | 2,016,000 (45.84%) |
| Total Shares Offered | 4,398,000 (100%) |
Investors can bid for a minimum of 6000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹138,000 |
| Retail (Max) | 1 | 6000 | ₹138,000 |
| Lot Size Calculator | |||
Incorporated in 2007, Ahmedabad based Sun Retail Limited is a company engaged in the business of trading into refined/filtered edible oils.
The major products of the company include cottonseed oil, groundnut oil, and sunflower oil. It also performs the activity of bulk trading of palmolein oil and soyabean oil. The products are sold under the brand name of ?Dharti and ?Dharti Singtel.
The Company's total revenue ( as restated) was Rs. 6804.62 lakhs, Rs. 2563.07 lakhs and Rs. 2309.64 for in Financial Year 2017, 2016 and 2015 respectively.
The Company's PAT was Rs. 18.75 lakhs, 3.59 lakhs and 0.97 lakhs for Financial Year 2017, 2016 and 2015 respectively.
Till January 05 2018, it had total revenue of Rs.4470.37 lakhs and a profit of Rs 9.66 lakhs.
The company has 10 employees on its payroll.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 05-Jan-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | |
| Total Assets | 3,749.25 | 1,091.71 | 577.91 | 603.14 | 1,367.32 | 776.27 |
| Total Revenue | 4,470.37 | 6,805.58 | 2,563.07 | 2,309.64 | 1,664.21 | 1,956.37 |
| Profit After Tax | 9.66 | 18.75 | 3.59 | 0.97 | 0.03 | 1.82 |
The objects of the Issue are:
1. Incremental Working capital requirements- Rs 709.00 lakhs
2. General Corporate Purpose- Rs 243.00 lakhs
3. Meeting Public Issue Expenses- Rs 59.54 lakhs
[Dilip Davda]
Considering exorbitant pricing, there is no harm in giving this issue a miss.
Read detail review...The Sun Retail IPO is subscribed 1.61 times on October 8, 2018 5:00:00 PM. The public issue subscribed 0.85 times in the retail category, times in the QIB category, and 2.36 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 2.36 |
| Retail | 0.85 |
| Total | 1.61 |
| Listing Date | October 16, 2018 |
| BSE Script Code | 542025 |
| NSE Symbol | |
| ISIN | INE206Z01012 |
| Final Issue Price | ₹23 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹23.00 |
| ₹36.00 |
| ₹36.00 |
| ₹37.80 |
| ₹37.80 |
Sun Retail Limited
213/214,
Phase-II GIDC
Naroda, Ahmedabad - 382330
Phone: 079- 22843366
Email: sun_retail@yahoo.com
Website: http://www.dhartisingtel.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Sun Retail IPO is a SME IPO of 4,398,000 equity shares of the face value of ₹10 aggregating up to ₹10.12 Crores. The issue is priced at ₹23 per share. The minimum order quantity is 6000 Shares.
The IPO opens on September 27, 2018, and closes on October 8, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Sun Retail IPO opens on September 27, 2018 and closes on October 8, 2018.
Sun Retail IPO lot size is 6000 Shares, and the minimum amount required is ₹138,000.
You can apply in Sun Retail IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Sun Retail IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Sun Retail IPO allotment status.
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