The Sunita Tools IPO commenced on September 26, 2023, and concluded on September 29, 2023. The allotment of shares took place on October 5, 2023, and the initiation of refunds began on October 6, 2023. The shares were credited to the demat accounts of investors on October 9, 2023. Finally, the listing of Sunita Tools on the stock exchange occurred on October 10, 2023.
The Sunita Tools IPO was priced at ₹145 per share, with a lot size of 1000 shares. The total issue size was ₹22.04 crores, comprising a fresh issue of ₹19.14 crores and an offer for sale of ₹2.90 crores. The IPO was listed on the BSE SME.
In terms of quota reservations, the other quota was reserved for 50% of the shares and the retail quota was reserved for 50% of the shares.
Sunita Tools IPO Basic Details
|Company Name||Sunita Tools Limited|
|Domain of Company||Making Mold Bases and Machine|
Parts for Various Industries
|Sunita Tools IPO GMP Today||₹50|
|Sunita Tools IPO Listing Gain||34.48%|
|Sunita Tools IPO Open Date||September 26, 2023|
|Sunita Tools IPO Close Date||September 29, 2023|
|Sunita Tools IPO Allotment Date||October 9, 2023|
|Sunita Tools IPO Listing Date||October 10, 2023|
|Face Value||₹10 per share|
|Price||₹145 per share|
|Lot Size||1000 Shares|
|Issue Size||1,520,000 shares of ₹10|
(aggregating up to ₹22.04 Cr)
|Fresh Issue||1,320,000 shares of ₹10|
(aggregating up to ₹19.14 Cr)
|Offer for Sale||200,000 shares of ₹10|
(aggregating up to ₹2.90 Cr)
|Issue Type||Fixed Price Issue IPO|
|Listing At||BSE SME|
|Company Promoters||Sangeeta Pandey, Sanjay Kumar Pandey,|
Satish Kumar Pandey and Ragini Pandey
Sunita Tools IPO GMP Today:
|Date||GMP||Listing Gain||Kostak||Subject to|
|25 September 2023||₹50||34.48%||–||–|
Sunita Tools Limited IPO Details:
Sunita Tools Limited was founded in 1988 and specializes in making mold bases and machining parts. They create these products for various industries such as Automotive, Pharmaceutical, Electronics, Consumer Goods, and Manufacturing.
Their range of products includes customized mold bases, precision CNC machining, plastic mold bases, pocket machining, injection mold bases, precision component machining, mold bases for caps and closures, blow mold bases, standard mold bases, compression mold bases, die casting mold bases, insert mold bases, over mold bases, and prototype mold bases. These items are essential in the Automotive, Heavy Manufacturing, Plastics, Electrical, and Consumer Goods industries, serving as valuable assets.
Sunita Tools’ manufacturing facility is situated in Vasai, Mumbai, and has the capacity to produce large products ranging from 200200 mm to 40002000 mm, weighing up to 30 tons.
In terms of revenue, they earned ₹666.36 lakhs in Fiscal 2021, ₹873.47 lakhs in Fiscal 2022, and ₹1,384.44 lakhs in Fiscal 2023.
Sunita Tools IPO More Details Click Here
Sunita Tools IPO FAQs
When is NimSunita Tools bark IPO open?
Sunita Tools IPO will open on 26 September 2023.
When is Sunita Tools IPO Close?
Sunita Tools IPO will be closed on 29 September 2023.
What is Sunita Tools IPO GMP Today?
The Sunita Tools IPO GMP aka Grey Market Premium is ₹50.
What is Sunita Tools IPO Kostak Rates Today?
The Sunita Tools IPO Kostak Rate is ₹000.
What is Sunita Tools IPO Subject to Sauda Price Today?
The Sunita Tools IPO subject to sauda rates is ₹000.
Sunita Tools IPO Expected Returns?
The Sunita Tools expected return is 34.48%.
How much will be the listing gain in Sunita Tools IPO?
Sunita Tools IPO will get listing gain of 34.48%. (Approx.)