Sunita Tools IPO Details: The scheduled date for Sunita Tools IPO has been confirmed. The IPO is set to enter the market on September 26th and conclude on September 28th. The company aims to gather approximately ₹22.05 crores through this IPO. This sum includes a fresh issue of ₹22.05 crores via – shares, each valued at ₹10. The retail quota is 50% and HNI is 50%.
What is Sunita Tools IPO?
Sunita Tools is a small and medium-sized enterprise (SME) that manufactures and sells cutting tools, such as drills, taps, and end mills. The company is based in Ahmedabad, Gujarat, India.
Sunita Tools is going public with an initial public offering (IPO) that opens on September 26, 2023, and closes on September 29, 2023. The price band for the IPO is ₹145 to ₹150 per share. The minimum order quantity is 1000 shares.
The IPO is a fixed price issue of Rs 22.04 crores. The issue is a combination of fresh issue of 13.2 lakh shares aggregating to Rs 19.14 crores and offer for sale of 2 lakh shares aggregating to Rs 2.90 crores.
The proceeds from the fresh issue will be used to finance the company’s growth plans, including expanding its geographical reach, increasing its service offerings, and investing in technology and infrastructure.
The company’s key clients include automobile, engineering, and electronics companies. It has a long track record of profitability and growth.
Overall, the Sunita Tools IPO is a good investment opportunity for investors looking to invest in a growing company with a strong track record. However, investors should carefully consider the risks involved before making an investment decision.
Here are some key factors to consider before investing in the IPO:
- The company is a leading player in the cutting tools industry in India.
- It has a long track record of profitability and growth.
- The IPO proceeds will be used to finance the company’s growth plans.
- The company has a diversified customer base, including blue-chip companies.
However, investors should also be aware of the following risks:
- The company faces competition from other established players in the cutting tools industry.
- The company’s business is cyclical and is dependent on the overall economic conditions.
- The company is exposed to risks such as foreign exchange fluctuations and changes in government regulations.
Overall, the Sunita Tools IPO is a good investment opportunity for investors looking to invest in a growing company with a strong track record. However, investors should carefully consider the risks involved before making an investment decision.
Objectives of Sunita Tools IPO
The objectives of the Sunita Tools IPO are as follows:
- To fund the company’s expansion plans, including expanding its geographical reach, increasing its service offerings, and investing in technology and infrastructure.
- To repay or prepay certain borrowings availed by the company.
- To meet general corporate purposes.
In other words, the company plans to use the proceeds from the IPO to grow its business, reduce its debt, and for other general expenses.
Sunita Tools is a growing company with a strong track record. It is well-positioned to benefit from the growth of the Indian economy and the increasing demand for cutting tools. The IPO is a good opportunity for investors to invest in a company with strong growth potential.
Sunita Tools IPO Date & Price Band Details
| IPO Open: | September 26, 2023 |
| IPO Close: | September 28, 2023 |
| IPO Size: | Approx ₹22.05 Crores, 1,520,400 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹145 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 50% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
Sunita Tools IPO Market Lot
The Sunita Tools IPO minimum market lot is 1000 shares with a ₹145,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1000 | ₹145,000 |
| Retail Maximum | 1 | 1000 | ₹145,000 |
| S-HNI Minimum | 2 | 2000 | ₹290,000 |
Sunita Tools IPO Dates
The Sunita Tools IPO date is September 26 and the IPO close date is September 28. The IPO allotment date is October 4 and the IPO might list on October 9.
| IPO Open Date: | September 26, 2023 |
| IPO Close Date: | September 28, 2023 |
| Basis of Allotment: | October 4, 2023 |
| Refunds: | October 5, 2023 |
| Credit to Demat Account: | October 6, 2023 |
| IPO Listing Date: | October9, 2023 |
You can check this IPO calendar to have latest update on your mobile. Add this calendar to your mobile and get daily updates on the current and upcoming IPO.
Sunita Tools IPO Subscription Status
For the latest update on the Sunita Tools IPO, you can check this dedicated page for IPO subscription status.
Sunita Tools IPO Allotment Status
For the latest update on the Sunita Tools IPO, you can check this dedicated page for IPO allotment status.
Sunita Tools Company Financials
Sunita Tools Company Financials
Key Financials (2 Year Growth % p.a.)
FY21 FY22 FY23
Revenue (Rs Cr) 10.2 15.3 22.9 (41.5%)
EBIT (Rs Cr) 1.5 2.3 3.5 (13.3%)
PAT (Rs Cr) 1 1.7 2.6 (16%)
Net Worth (Rs Cr) 5.1 6.8 8.7 (11.3%)
Key Highlights
- Revenue has grown at a CAGR of 41.5% over the past 2 years.
- EBIT has grown at a CAGR of 13.3% over the past 2 years.
- PAT has grown at a CAGR of 16% over the past 2 years.
- Net worth has grown at a CAGR of 11.3% over the past 2 years.
Overall, Sunita Tools has a strong financial performance with a healthy growth rate and a good balance sheet.
Please note that Sunita Tools is an unlisted company, so its financial data is not as easily available as that of a listed company. The above financials are based on data from publicly available sources, such as the company’s website and news reports.
Disclaimer: I am not a financial advisor and this is not financial advice. Please do your own research before making any investment decisions.
Sunita Tools IPO Pros & Cons
| Pros | Cons |
|---|---|
| Leading player in the cutting tools industry in India | Faces competition from other established players |
| Long track record of profitability and growth | Business is cyclical and dependent on the overall economic conditions |
| IPO proceeds will be used to finance the company’s growth plans | Exposed to risks such as foreign exchange fluctuations and changes in government regulations |
| Diversified customer base, including blue-chip companies | Unlisted company, so financial data is not as easily available |
| Additional thoughts: | Additional thoughts: |
| Relatively small IPO, with a total issue size of Rs 22.04 crores, which means there is a risk of oversubscription, which could lead to a higher allotment price. | Company’s financial data is not as easily available as that of a listed company. Investors should carefully review the company’s prospectus and other publicly available information before making an investment decision. |
Pros of Sunita Tools IPO:
- The company is a leading player in the cutting tools industry in India.
- It has a long track record of profitability and growth.
- The IPO proceeds will be used to finance the company’s growth plans.
- The company has a diversified customer base, including blue-chip companies.
Cons of Sunita Tools IPO:
- The company faces competition from other established players in the cutting tools industry.
- The company’s business is cyclical and is dependent on the overall economic conditions.
- The company is exposed to risks such as foreign exchange fluctuations and changes in government regulations.
- The company is an unlisted company, so its financial data is not as easily available as that of a listed company.
Overall, the Sunita Tools IPO is a good investment opportunity for investors looking to invest in a growing company with a strong track record. However, investors should carefully consider the risks involved before making an investment decision.
Company Promoters
- Ms. Sangeeta Pandey
- Mr. Sanjay Kumar Pandey
- Mr. Satish Kumar Pandey
- Ms. Ragini Pandey
Sunita Tools IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: cpl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Company Address
Sunita Tools Limited
Survey No. 66, Plot No. A,
Valiv, Sativali Road, Vasai East,
Palghar, Thane – 401208
Phone: +91 9136019995
Email: info@sunitatools.com
Website: http://www.sunitatools.com/index.php
Sunita Tools IPO FAQs
The IPO is set to enter the market on September 26th and conclude on September 28th. The company aims to gather approximately ₹22.05 crores through this IPO.
The IPO will open on 26th September 2023.
The retail quota is 50% and HNI is 50%.
There are two ways to apply for the Sunita Tools IPO:
Through a broker: This is the most common way to apply for an IPO. You will need to open a demat account with a broker if you do not already have one. Once you have a demat account, you can contact your broker to place your IPO application.
Through ASBA: ASBA stands for Application Supported by Blocked Amount. This is a method of applying for an IPO where the funds for your application are blocked in your bank account until the IPO is allotted. To apply for an IPO through ASBA, you will need to have a bank account that supports ASBA.
Here are the steps on how to apply for the Sunita Tools IPO through a broker:
Log in to your broker’s website or mobile app.
Go to the IPO section and select the Sunita Tools IPO.
Enter the number of shares you want to apply for and the price you are willing to pay.
Review your application and submit it.
If your application is successful, the funds for your application will be blocked in your bank account until the IPO is allotted. Once the IPO is allotted, the shares will be credited to your demat account.
Here are the steps on how to apply for the Sunita Tools IPO through ASBA:
Go to your bank’s website or mobile app.
Go to the ASBA section and select the Sunita Tools IPO.
Enter the number of shares you want to apply for and the price you are willing to pay.
Review your application and submit it.
Your bank will block the funds for your application in your bank account. Once the IPO is allotted, the shares will be credited to your demat account and the blocked funds will be released.
Please note that the eligibility criteria and application process for IPOs may vary from broker to broker. It is advisable to check with your broker for specific instructions on how to apply for the Sunita Tools IPO.
Also, please note that the Sunita Tools IPO is a small and medium-sized enterprise (SME) IPO. SME IPOs are typically riskier than IPOs of large companies. Investors should carefully consider the risks involved before making an investment decision.