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Sunrise Efficient Marketing IPO is a fixed price issue of Rs 16.70 crores. The issue is entirely a fresh issue of 13.8 lakh shares.
Sunrise Efficient Marketing IPO bidding started from March 30, 2022 and ended on April 5, 2022. The allotment for Sunrise Efficient Marketing IPO was finalized on Friday, April 8, 2022. The shares got listed on BSE SME on April 12, 2022.
Sunrise Efficient Marketing IPO price is ₹121 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹121,000.
Fedex Securities Pvt Ltd is the book running lead manager of the Sunrise Efficient Marketing IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Sunrise Efficient Marketing IPO RHP for detailed information.
| IPO Date | March 30, 2022 to April 5, 2022 |
| Listing Date | April 12, 2022 |
| Face Value | ₹10 per share |
| Price | ₹121 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 1,380,000 shares (aggregating up to ₹16.70 Cr) |
| Fresh Issue | 1,380,000 shares (aggregating up to ₹16.70 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 3,620,000 |
| Share holding post issue | 5,000,000 |
| Market Maker portion | 78,000 shares |
Sunrise Efficient Marketing IPO offers 1,380,000 shares. 651,000 (47.17%) to NII, 651,000 (47.17%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 78,000 (5.65%) |
| Other Shares Offered | 651,000 (47.17%) |
| Retail Shares Offered | 651,000 (47.17%) |
| Total Shares Offered | 1,380,000 (100%) |
Sunrise Efficient Marketing IPO opens on March 30, 2022, and closes on April 5, 2022.
| IPO Open Date | Wednesday, March 30, 2022 |
| IPO Close Date | Tuesday, April 5, 2022 |
| Basis of Allotment | Friday, April 8, 2022 |
| Initiation of Refunds | Monday, April 11, 2022 |
| Credit of Shares to Demat | Tuesday, April 12, 2022 |
| Listing Date | Tuesday, April 12, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 5, 2022 |
Investors can bid for a minimum of 1000 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 | 1000 | ₹121,000 |
| Retail (Max) | 1 | 1000 | ₹121,000 |
| Lot Size Calculator | |||
Lejas Desai is the company's promoter.
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 72.40% |
Sunrise Efficient Marketing Limited engages in the business of trading, distributing, and wholesaling different types of industrial products such as electrical items, electronic items, spare parts, etc. The company distributes Automotive Parts, Gear Boxes, Motors, Pumps, Oils, and FMCG Products. The company follows B2B and B2C business models and is currently an authorized dealer of 138 manufacturers.
The company retails, imports, exports, sells, fabricates, and assembles a wide range of products such as pipes, pipe fittings, sanitation parts, mechanical and engineering items, all types of machined and un-machined castings, industrial valves, and its spares, Oils, lubricants, all types of motors, pumps, generator sets, batteries and all types of electrical, mechanical, electromechanical & electronic items, and spare parts, accessories used for industrial, domestic and agricultural purposes.
In 2011, the company introduced Consumer Goods (FMCG Division) and acted as a distributor for Pepsico, and in 2021 company started selling its own brand Synchro Plus motors.
Competitive Strengths:
| Particulars | For the year/period ended (Rs in Lakhs) | ||||
|---|---|---|---|---|---|
| Â | 30-Sep-21 | 31-Mar-21 | |||
| Total Assets | 2,279.36 | 1,651.16 | |||
| Total Revenue | 3,006.79 | 2,618.52 | |||
| Profit After Tax | 312.36 | 18.37 | |||
The market capitalization of Sunrise Efficient Marketing IPO is Rs 60.5 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 9.7 |
The net proceeds of the Offer are proposed to be utilized in the following manner:
[Dilip Davda] SEML’s financial performance is not in line with the asking price. Its super performance for FY22 with extraordinary margin raises eyebrows and concern over sustainability going forward. There is no harm in skipping this tempting issue. Read detail review...
The Sunrise Efficient Marketing IPO is subscribed 1.46 times on April 5, 2022 7:17:00 PM. The public issue subscribed 1.13 times in the retail category, times in the QIB category, and 1.78 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.78 |
| Retail | 1.13 |
| Total | 1.46 |
| Listing Date | April 12, 2022 |
| BSE Script Code | 543515 |
| NSE Symbol | |
| ISIN | INE0KPY01017 |
| Final Issue Price | ₹121 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹121.00 |
| ₹121.25 |
| ₹121.25 |
| ₹124.85 |
| ₹124.80 |
Sunrise Efficient Marketing Limited
Sub Plot No. 2, block B,
Akash Bhumi Complex,
Village Surat, 394221
Phone: +91 99250 43408
Email: lejas@sunriseefficientmarketing.net
Website: https://sunriseefficientmarketing.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: seml.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
SME Company Owners
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Sunrise Efficient Marketing IPO is a SME IPO of 1,380,000 equity shares of the face value of ₹10 aggregating up to ₹16.70 Crores. The issue is priced at ₹121 per share. The minimum order quantity is 1000 Shares.
The IPO opens on March 30, 2022, and closes on April 5, 2022.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Sunrise Efficient Marketing IPO using UPI as a payment gateway. Zerodha customers can apply in Sunrise Efficient Marketing IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sunrise Efficient Marketing IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sunrise Efficient Marketing IPO opens on March 30, 2022 and closes on April 5, 2022.
Sunrise Efficient Marketing IPO lot size is 1000 Shares, and the minimum amount required is ₹121,000.
You can apply in Sunrise Efficient Marketing 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 Sunrise Efficient Marketing IPO will be done on Friday, April 8, 2022, and the allotted shares will be credited to your demat account by Tuesday, April 12, 2022. Check the Sunrise Efficient Marketing IPO allotment status.
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