Sun Retail Limited IPO

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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:

Objective of Sun Retail Limited IPO are: 1. Incremental Working capital requirements 2. General Corporate Purpose 3. Meeting Public Issue Expenses
DRHP of 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:

Promoters of Sun Retail Limited Company are: TJR Agrocom Private Limited ("TJR") holds 52,98,690 Equity Shares constituting 99.98 % and 54.64 % of pre-issue and post issue paid-up capital respectively of our Company. TJR is promoted by Mr. Jaysheelbhai Thakkar and Mrs. Gauri Thakkar

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:

Review and Recommendation of Sun Retail Limited IPO from our side is:2/10 [The company is in the business of Trading of Oil and asking very high valautions. There is no moat in the business. The financial performance is in doldrums. There are better opportunities in the market.]

Lead Manager of Sun Retail Limited IPO:

  1. Fedex Securities Limited

Registrar of Sun Retail Limited IPO:

  1. Bigshare Services Private Limited

Company Address:

Sun Retail Limited 213/214, Phase-II GIDC, Naroda, Ahmedabad - 382330, Gujarat, India. Phone No. 079- 22843366 Email: sun_retail@yahoo.com Website: www.dhartisingtel.com

25th Sep 2018 - 27th Sep 2018 => Aavas Financiers IPO

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:

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