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Sun Retail Limited IPO

Add to Calendar 2018-09-27 12:00 AM 2018-10-03 12:00 AM Asia/Kolkata Sun Retail Limited IPO Sun Retail Limited India

Sun Retail Limited is engaged in the dealing of refined/filtered edible oils. The company distributes its products under the brand name of ‘Dharti’ and ‘Dharti Singtel’ in Gujarat.

Date of Incorporation: The company was originally incorporated as ‘ShivJosh Foods Private Limited’ on 28th May 2007 in the states of Gujarat. Eventually, it was reconstructed into the public limited company as ‘Sun Retail Limited’ on 21st December 2017.

Promoters of Sun Retail Limited: TJR Agrocom Private Limited is the sole promoter of Sun Retail Limited.

Products and Services Offering: The company offers refined/edible oil in individual packing sizes that range from 15 KG tin, 15 Litre Jars, 1 Litre pouch, 500ML bottles to 500ML pouches.

The main product line of the company includes:

- Double Filtered Groundnut Oil

- Refined Cottonseed Oil

- Refined Sun Flower Oil

- Refined Palmolein

- Refined Soyabean Oil

Customer Segments: The company has a strong presence in some of the major cities across Gujarat. Besides this, the company wants to expand its customer base across PAN India.

Objectives of Sun Retail Limited IPO: The main objectives of this IPO are:

- To Finance its Working Capital Needs.

- To meet General Corporate Expenditure.

- To Finance Public Issue Expenses

Company Financials:

Summary of Financial Information (Restated)

Particulars

For the year/period ended (in Rs. Lakhs)


31-Mar-18

31-Mar-17

31-Mar-16

31-Mar-15

31-Mar-14

31-Mar-13

Total Assets

3,749.25

1,091.71

577.91

603.14

1,367.32

776.27

Total Revenue

4,470.37

6,805.58

2,563.07

2,309.64

1,664.21

1,956.37

Profit After Tax

9.66

18.75

3.59

0.97

0.03

1.82

Issue Detail

  • Issue Open: Sep 27, 2018
  • Issue Close: Oct 03, 2018
  • Issue Type: Fixed Price Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 23 Per Equity Share
  • Bid Lot:6000 Shares
  • Minimum Order Quantity:6000 Shares
  • Listing At: BSE SME
  • Issue Size: • Rs 10.12 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved - 2,016,000 2,016,000 - - 4,032,000
Day 1 - Sep 27, 2018IST - 0.00x 0.00x - - 0.00x
Day 2 - Sep 28, 2018IST - 0.00x 0.00x - - 0.00x
Day 3 - Oct 01, 2018IST - 0.32x 0.10x - - 0.21x
Day 4 - Oct 03, 2018IST - 1.60x 0.69x - - 1.14x

Listing Day Trading Information

- BSE NSE
Issue Price Rs 23.00 -
Open Rs 36.00 -
Low Rs 36.00 -
High Rs 37.80 -
Last Trade Rs 37.80 -
Volume 216,000 -

Sun Retail Limited Red Herring Prospectus

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