Sun Retail Limited IPO
Ahmedabad based Sun Retail Limited was Incorporated in 2007, The company is engaged in the business of trading into refined/filtered edible oils. The Company major products includes cottonseed oil, groundnut oil, sunflower oil. Our Company also performs activity of bulk trading of palmolein oil and soyabean oil. Our products are sold under the brand name of ― Dharti and ―Dharti Singtel. The brand is well known and accepted by the people of Gujarat.
Wholesale trading They purchase refined/filtered oils from the local oil refineries as per needed specification and requirements and subsequently, it is sold to Kanel Industries Limited as a bulk trading.
Retail tradingThey purchase refined/filtered oils from the local oil refineries as per needed specification and requirements and subsequently, it is sold to Kanel Industries Limited for re-filtration and thereafter the final product is packed into tin containers, jars, bottles or pouches of different sizes as per their requirements. Thereafter the Company re-purchases refined/filtered packed edible oil from Kanel Industries Limited for retail selling in the market. The Company offers refined/filtered edible oil in different packing size like. ranging from 15kg tin containers, 15 Litre jars, 5 Litre jars, 2 Litre jars, 1 Litre bottle, 1 Litre pouch, 500 ml bottle and 500 ml pouch.
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.
Objects of the Sun Retail Limited IPO:
Sun Retail Limited IPO Details:
| Open Date: | Sep 27 2018 |
| Close Date: | Oct 03 2018 |
| Total Shares: | 4,398,000 |
| Face Value: | ₹ 10 Per Equity Share |
| Issue Type: | Fixed Price Issue IPO |
| Issue Size: | 10.12 Cr. |
| Lot Size: | 6000 Shares |
| Issue Price: | ₹ 23 Per Equity Share |
| Listing At: | BSE SME |
| Listing Date: | Oct 11 2018 |
Promoters And Management:
Financials of Sun Retail Limited IPO:
| Particulars | For the year/period ended (in Rs Lacs) | ||||
| 05-Jan-2018 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Total Assets | 3,749.25 | 1,091.71 | 577.91 | 603.14 | 1,367.32 |
| Total Revenue | 4,470.37 | 6,805.58 | 2,563.07 | 2,309.64 | 1,664.21 |
| Profit After Tax | 9.66 | 18.75 | 3.59 | 0.97 | 0.03 |
Recommendation on Sun Retail Limited IPO:
Lead Manager of Sun Retail Limited IPO:
Registrar of Sun Retail Limited IPO:
Company Address:
Bid Details of Sun Retail Limited IPO as on
03 Oct 2018 | 11:58:02 PM
| Category | No.of shares offered | No. of shares bid |
|---|---|---|
| 2,016,000 | 3,216,000 | |
| 2,016,000 | 1,392,000 | |
| 366,000 | 366,000 | |
| 4,398,000 | 4,974,000 |
| QIBs | No |
| QIBs+HNIs Subscription | 1.60X |
| Retail Subscription | 0.69X |
| Total Subscription | 1.14X |
Discussion on Sun Retail Limited IPO:
1 Comment
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There is no harm in giving a miss to such an IPO.