Surat based industrial products distribution company Sunrise Efficient Marketing Limited is all set to roll out IPO on 30th March 2022. They are into retail, export, import, manufacturing its own brands, assembling, servicing and various other services. Key products handled includes motors, pumps, automotive spare parts, gear boxes, generators, agricultural equipment, industrial valves etc. They are also into distribution of lubricants and lighting products. Sunrise Efficient Marketing Limited was previously known as Sunrise marketing and services were established in the year 2002.
The details of the IPO are as below:
- Issue size – Rs. 16.70/- Crores | 13,80,000 Equity Shares on offer.
- Issue period – Between 30th March to 5th April 2022
- Price band – Rs. 121/- per equity share
- Face value – Rs. 10/- per equity share
- Lot size for bidding – minimum 1 lot of 1,000 shares. Retail investor can bid only for 1 lot.
- Listing at exchanges – BSE SME
- Retail category on offer – 50% of total offer
- Non-Institutional category on offer – 50% of total offer
Disclaimer: Investment in equity markets involves high degree of risk, please read the IPO document carefully before investing.