Sunlite Recycling Industries Limited

About the company

## **About Sunlite Recycling Industries Limited** Established in 2012 , Sunlite Recycling Industries Limited is a leader in the copper manufacturing sector, specializing in the production of a diverse range of copper products including copper rods, wires, earthing strips, conductors, and wire bars. Utilizing recycled copper scrap, the company produces high-quality products with electrical and mechanical properties that are essential for applications in power generation, transmission, distribution, and electronics. Sunlite Recycling Industries Limited not only focuses on manufacturing but also offers job work services for processing various copper products, demonstrating a comprehensive approach to the copper recycling industry. Sunlite Recycling initially specialized in oxygen-free copper rods. Over the years, the company has expanded its operations significantly. By 2015-16, Sunlite Recycling increased its manufacturing capabilities with the addition of a copper strip machine imported from China, enabling the production of copper strips alongside rods. Further expansion in 2017-18 saw the acquisition of a wire-drawing machine, which allowed for the manufacturing of copper wire. The company's growth continued in 2020 when it transitioned into a partnership firm and acquired a Copper CCR Machine, leading to a substantial boost in revenue. Today, Sunlite Recycling Industries Limited operates from a strategically located manufacturing unit in Chhatamile, Gujarat, encompassing approximately 12,152 square meters. The facility is equipped with a total of 20 machines, allowing for the production of a broad spectrum of copper products in various grades, thicknesses, and standards. This extensive machinery enables the company to meet diverse customer specifications and maintain flexibility in its product offerings, reinforcing its position as a key player in the copper manufacturing industry. Environmental responsibility and safety are central to Sunlite Recycling's operations. The company prioritizes eco-friendly practices by recycling copper scrap and utilizing renewable energy sources such as solar power and clean natural gas. This approach not only reduces the environmental impact associated with traditional oil-based energy sources but also conserves natural resources. By focusing on energy-efficient recycling processes, Sunlite Recycling contributes to global sustainability efforts while providing high-quality copper products. Sunlite Recycling Industries Limited is committed to delivering products of the highest quality. The company employs a rigorous internal quality control mechanism to ensure that all products meet customer specifications and pass stringent quality checks. This dedication to quality is reflected in their adherence to industry standards and continuous efforts to enhance their manufacturing processes. As the company continues to expand and evolve, its unwavering focus on quality and environmental sustainability positions it as a leading force in the copper recycling industry. Sunlite Recycling Industries Limited prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives: 1. Funding of capital expenditure towards installation of new Plant & Machinery. 1. Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company.  1. General Corporate Purpose.

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   12 Aug 2024

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   14 Aug 2024

   Last day to place your bid

3. Basis of Allotment

   Completed
   14 Aug 2024

   Share allotment finalised

4. Refund Initiation

   Completed
   19 Aug 2024

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   16 Aug 2024

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   20 Aug 2024

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.