IPO IPO-Synopsis
Sunita Tools Ltd

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Registered Office: Survey # 66 Plot No A Valiv,Sativali Rd Vasai East Palghar , Thane - 401208 , Maharashtra , India.
Phone : +91 9136019995   Fax:
Email :  info@sunitatools.com  
Website :  www.sunitatools.com
Initial public offer of 15,20,000 equity shares of Rs10 each ("Equity Shares") of Sunita Tools Limited ("STL" or the "Company") for cash at a price of Rs145 per share (the "Issue Price"), aggregating to Rs22.04 crores ("The Issue"), consisting of fresh issue of 13,20,000 equity shares aggregating to Rs19.14 crores and an offer for sale of 2,00,000 equity shares comprising of 66,600 by Sanjay Kumar Pandey, 66,600 by Satish Kumar Pandey and 66,800 by Ragini Pandey ("The Promoters Selling Shareholders" or "The Selling Shareholders") aggregating to Rs2.90 crores ("Offer for Sale"), of which 78,000 equity shares of Rs10 each will be reserved for subscription by aggregating market maker to the issue (the "Market Maker Reservation Portion"). The issue less than the market maker reservation portion i.e. issue of 14,42,000 equity shares of Rs10 each is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 27.02% and 25.64% respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs10 and the issue price is 14.5 times of the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
26-Sep-23 03-Oct-23 Rs145.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :1000  Further Multiples of :1000

  Rs Cr Lead Managers to the Issue
Project Cost 17.60
Aryaman Financial Services Ltd
Project Financed through Current Offer 22.04  
Post Issue Equity Share Capital 5.63  
Issue Price Rs145.00  
Projects
Funding working capital requirementsGeneral corporate purposes
Promoted By
Sangeeta Pandey
Sanjay Kumar Pandey
Satish Kumar Pandey
Listing At
BSE - SME 
Registrar to the Issue
KFin Techologies Ltd