Sunita Tools Limited
smelistedAbout the company
## **About the Sunita Tools Limited IPO :** Sunita Tools Limited, a company with over three decades of experience in the Engineering and Mould base Industry, specialises in providing customised solutions to various industries. They manufacture Ground Plates, Mould Bases, and Precision CNC Machining products. These products are crucial for industries like Automotive, Pharmaceutical, Electronics, Consumer Goods, and more, serving as essential capital goods subject to rigorous quality testing. They are engaged in manufacturing of two core products which involve similar manufacturing process: 1.Mould Base Products 2.Machining Parts Located in Vasai, Mumbai, their manufacturing facility enjoys strategic advantages, including access to resources, efficient logistics, and a competitive edge over rivals. They emphasise customization, compatibility, design assistance, and post-sale technical support, giving them a competitive advantage. Their products are used as capital assets in various industries. Their manufacturing facility is equipped with modern infrastructure and skilled workers, enabling the production of high-quality precision products. They specialise in producing mould base products and machinery parts of various types and sizes. Now, Sunita Tools Limited is coming out with its initial public offer (IPO). The IPO will be a fresh issue. The money raised will be utilised to meet the following: 1. Funding Working capital requirements; 1. General Corporate Purpose; ## **Here are key details about the Sunita Tools Limited IPO :** Company Name| Sunita Tools Limited | | Company Type| Private ---|---|---|---|--- IPO Type|SME|
Strengths
Risks
Financial performance (₹ Cr)
IPO Roadmap / Timeline
IPO Opens
Completed26 Sept 2023Bidding starts for all investor categories
IPO Closes
Completed03 Oct 2023Last day to place your bid
Basis of Allotment
Completed28 Sept 2023Share allotment finalised
Refund Initiation
Completed06 Oct 2023Refunds credited for non-allottees
Credit to Demat
Completed05 Oct 2023Allotted shares credited to demat account
Listing on Exchange
Completed11 Oct 2023Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 1000 | ₹145,000 | 1 | ₹145,000 | 1 lot only |
| HNI | 2 | 2000 | ₹290,000 | 2 | ₹290,000 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 760,000 | 11.02 | 0 | 0.00x | 100% |
| NII | 15% | 228,000 | 3.31 | 0 | 0.00x | 100% |
| Retail | 35% | 532,000 | 7.71 | 0 | 0.00x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
