Sun Retail IPO

Sun Retail IPOSun Retail IPO Description - Sun Retail is engaged in the business of trading into refined/filtered edible oils. The company’s major products include cottonseed oil, groundnut oil, sunflower oil. The Company also performs activity of bulk trading of palmolein oil and soyabean oil. Its products are sold under the brand name of “Dharti” and “Dharti SingTel”. The company’s operations are divided in these two major categories:

Wholesale trading

It purchases refined/filtered oils from the local oil refineries as per needed specification and requirements and subsequently, it is sold to Kanel Industries Limited as a bulk trading.

Retail trading

The company purchases refined/filtered oils from the local oil refineries as per needed specification and requirements and subsequently, it is sold to Kanel Industries Limited for re-filtration and thereafter the final product is packed into tin containers, jars, bottles or pouches of different sizes as per requirements. Thereafter, the company re-purchases refined/filtered packed edible oil from Kanel Industries Limited for retail selling in the market. Sun Retail offers refined/filtered edible oil in different packing size ranging from 15kg tin containers, 15 Litre jars, 5 Litre jars, 2 Litre jars, 1 Litre bottle, 1 Litre pouch, 500 ml bottle and 500 ml pouch.

Promoters of Sun Retail – TJR Agrocom Private Limited
Sun Retail IPO details
Subscription Dates 27 September - 8 October 2018
IPO Price band INR23 per share
Fresh issue 4,398,000 shares (INR10.12 crore)
Offer for sale Nil
Total IPO size 4,398,000 shares (INR10.12 crore)
Minimum bid (lot size) 6,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform
Use of funds
  • Working Capital Requirements- INR7.09 crore
  • General Corporate Purpose - INR2.43 crore
  • Issue Expenses - INR0.60 crore
Sun Retail's financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 16.44 23.10 25.63 68.06 65.32
Total expenses 16.44 23.09 25.70 67.79 64.97
Profit after tax 0.00 0.01 0.04 0.19 0.23
Sun Retail's Contact Details

Sun Retail Limited
213/214, Phase-II GIDC
Naroda
Ahmedabad - 382330

Phone: +91 079- 22843366
Email: sun_retail@yahoo.com
Website: www.dhartisingtel.com

Sun Retail IPO Subscription Details
Day Subscription (no. of times)
Day 1 0.00
Day 2 0.00
Day 3 0.19
Day 4 1.05
Day 5 1.05
Day 6 1.05
Day 7 1.47
Sun Retail Valuation (For FY2018)

Earnings Per Share (EPS): INR1.06

Price/Earnings (P/E) ratio: 21.7

Return on Net Worth (RONW): 3.29%

Net Asset Value (NAV): INR12.97 per share

Registrar of Sun Retail IPO

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072

Phone: +91 22 4043 0200 
Fax: 
+91 22 2847 5201
Email:
 ipo@bigshareonline.com
Website: www.bigshareonline.com

Sun Retail IPO Allotment Status

Sun Retail IPO allotment status is now available on Bigshare Services' website. Click on this link to get allotment status.

Listing performance of Sun Retail

IPO Opening Date: 27 September 2018

IPO Closing Date: 8 October 2018

Listing Date: 16 October 2018

Listing Price on BSE SME: INR36 per share (up 56.52% from IPO price)

Closing Price on BSE SME: INR37.8 per share (up 64.35% from IPO price)

Sun Retail IPO
2.3 (45%) 4 votes

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