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Sunlite Recycling Industries IPO To Open On 12th August, Sets Price Band at Rs 100 to Rs 105 Per Share
Ahmedabad (Gujarat) [India], August 8: Sunlite Recycling Industries is engaged in the business of manufacturing of copper rods & wires, copper earthing wires, copper earthing strips, copper conductors, copper wire bars etc. through recycling of copper scrap, which has electrical and mechanical properties suitable for applications in power generation, transmission, distribution and electronic industries. Products [...]
Ahmedabad (Gujarat) [India], August 8: Sunlite Recycling Industries is engaged in the business of manufacturing of copper rods & wires, copper earthing wires, copper earthing strips, copper conductors, copper wire bars etc. through recycling of copper scrap, which has electrical and mechanical properties suitable for applications in power generation, transmission, distribution and electronic industries. Products are sold in 10+ States & Union territories. The company is poised for its initial public offering (IPO), with plans to raise INR 30.24 crores through the issuance of 28.8 lakh new shares.
Copper is one of the most recycled metals, possessing qualities such as high tensile strength, high ductility, excellent creep and corrosion resistance, and high thermal conductivity. These properties enable the conservation of natural resources and mitigate associated pollution.
For its SME Initial Public Offering (IPO), Sunlite Recycling Industries has established a price band of Rs 100 to Rs 105 per share. The company’s shares will open for subscription on August 12, 2024 and closes on August 14, 2024. These will be listed on the NSE SME, with a projected listing date of Tuesday, August 20, 2024.
