Sunlite Recycling IPO Allotment Status

Summary

The Sunlite Recycling Industries IPO saw remarkable investor interest, being oversubscribed 282.45 times by August 14, 2024. The subscription data highlights the strong demand across all investor categories: retail investors subscribed 252.00 times, qualified institutional buyers (QIB) 109.05 times, and non-institutional investors (NII) an impressive 584.10 times.

The total shares offered in the IPO were 1,912,800, while the total shares bid for amounted to 54,02,70,000, with a total investment amounting to ₹5,672.84 crore. Specifically, QIBs bid for 5,95,44,000 shares totalling ₹625.21 crores, NIIs bid for 23,97,13,200 shares amounting to ₹2,516.99 crores, and retail investors bid for 24,10,12,800 shares amounting to ₹2,530.63 crore. This significant oversubscription reflects the strong market confidence in Sunlite Recycling Industries and positions the company well ahead of its listing.

How to Check Sunlite Recycling IPO Allotment Status:

How do you check Sunlite IPO allotment status on the Registrar's site?

Step 1: The first step is to go to the registrar's official website, which is in charge of IPO allocation. Cameo Corporate Services Limited is the registrar for Sunlite Recycling Industries.

Step 2: Once at the registrar's website, navigate to the "IPO Allotment Status" section. This section is frequently highlighted on the homepage and is generally easy to discover.

Step 3: The allotment status section contains a list of IPOs or a dropdown menu. From the list, choose "Sunlite Recycling Industries."

Step 4: You must enter some information, like:
Application Number: The number you were given during your IPO application.
PAN Number: Your Permanent Account Number is needed to be verified.

Step 5: Once the necessary information has been entered, press the "Submit" button. After processing your request, the system will show your allotment status

How to check Sunlite Recycling Industries IPO allotment status on BSE?

Step 1- First, visit the official website- Aethestik Engineers IPO Allotment status check online BSE- 
https://www.bseindia.com/investors/appli_check.aspx 

Step 2- Now click on the sign-up button on the BSE website. To do so, you have to register yourself with PAN.

Step 3- Next, enter username, password and captcha code.

Step 4- Check your IPO allotment status on the new page that will appear.

How to Check IPO Allotment Status in a Bank Account?

Log into your Internet Banking: Go to the website or mobile app of your bank and log in.

Explore IPO Section: Locate the "IPO Services" or "Application Status" sections by going to the IPO Section. You can find this under the investing or services tab.

Offer Required Information: You might be asked to provide information like your PAN, application number, or other identifiers.

Verify Allotment Status: An IPO allotment status that indicates the available shares for allocation should show up once you submit your information.

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How to Check IPO Allotment Status in a Demat Account?

Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP).

Find IPO Section: Look for the section titled "IPO" or "Portfolio." Search for any services or entries connected to the IPO.

Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application.

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.
Sunlite Recycling Industries IPO Timelines:

Sunlite Recycling Industries IPO Timelines: 

Sunlite Recycling IPO Subscription Status

On August 14, 2024, at 6:19:59 PM, the Sunlite Recycling Industries IPO had 282.45 subscriptions. The retail category saw 252.00 subscriptions to the public issue, the QIB category 109.05 subscriptions, and the NII category 584.10.

Subscription Day 3
-Total Subscription: 282.45 times.
-QIBs: 109.05 times.
-Non-Institutional investors: 584.10 times.
-Retail investors: 252.00 times.
 
Subscription Day 2
-Total Subscription: 27.74 times.
-QIBs: 6.12 times.
-Non-institutional investors: 24.02 times.
-Retail investors: 41.68  times.
 
Subscription Day 1
-Total Subscription: 8.38 times.
-QIBs: 2.62 times.
-Non-institutional investors: 8.39 time.
-Retail investors: 11.67 times.

Sunlite Recycling Industries IPO Details

The Sunlite Recycling Industries IPO is valued at ₹30.24 crores, consisting of a fresh issue of 28.8 equity shares. The IPO subscription will begin on August 12, 2024, and close on August 14, 2024. The allotment is finalised on 16th August 2024, with a tentative listing date of 20th August 2024, on the BSE SME platform.

The price band is set at ₹100 to ₹105 per share, with a minimum lot size of 1,200 shares, translating to an investment of ₹126,000 for retail investors. HNI investors must apply for at least 2 lots (2,400 shares), amounting to ₹252,000. The book-running lead manager for the Sunlite Recycling Industries IPO is Hem Securities Limited, and the registrar for the issue is Cameo Corporate Services Ltd. The market maker for this IPO is Hem Finlease.