Sunlite Recycling Industries IPO Review, Date, Price, GMP

Sunlite Recycling Industries Specializes in producing copper rods, wires, grounding wires, strips, conductors, wire bars, and similar items by recycling copper scrap. These items are crafted to meet the mechanical standards essential, for power generation, transmission, distribution, and electronics sectors. Additionally, the company provides custom processing services for copper products to ensure they match customer requirements with an internal quality check system, in place.

Currently, the company runs 20 machines that manufacture a variety of copper products, in grades, thicknesses, widths, and standards.

Sunlite Recycling Industries prioritizes eco-friendly methods by recycling copper scrap using solar-generated electricity and clean natural gas. This approach helps minimize the pollution usually linked to energy sources. The company’s emphasis, on scrap recycling, helps preserve resources and cuts down on energy usage compared to producing primary copper.

Sunlite Recycling Industries IPO Complete Details:

Sunlite Recycling Industries IPO Timetable:

Company Financial Details:

AS OF NOW, the GMP Of Sunlite Recycling Industries is Around 20 Rs.

Objects Of Issue:

1. Funding for capital expenditure related to the installation of new plant and machinery.

2. Repayment or pre-payment, in full or in part, of specific borrowings taken by the company.

3. General corporate purposes.

Promoters:

• Nitin Kumar Heda
• Prahladrai Ramdayal Heda
• Khushboo Manishkumar Heda

FAQs: