About the Company:
Sun Retail Ltd is engaged in the business of trading into refined/filtered edible oils. company’s major products include cottonseed oil, groundnut oil, sunflower oil.
Company also performs activity of bulk trading of palmolein oil and soyabean oil. company’s products are sold under the brand name of “Dharti” and “Dharti Singtel”. The brand is well known and accepted by the people of Gujarat.
Company’s Products:
- Double Filtered Groundnut Oil
- Refined Cottonseed Oil
- Refined Sun Flower Oil
- Refined Palmolein
- Refined Soyabean Oil
Wholesale Trading:
Company purchase 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:
Company purchase refined/filtered oils from the local oil refineries as per needed specification and requirements and subsequently, it is sold to Kane Industries Limited for re-filtration and thereafter the final product is packed into tin containers, jars, bottles or pouches of different sizes as per the requirements.
Thereafter Company re-purchases refined/filtered packed edible oil from Kanel Industries Limited for retail selling in the market.
Company offers refined/filtered edible oil in different packing size like. 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.
Management Team:
- Mr. Dharamjit B. Mori (Designation: Whole-Time Director)
- Mr. Vikram I. Desai (Designation: Non-Executive Director& Non-Independent)
- Ms. Jalpaben D. Dholakiya (Designation: Independent Director)
Objectives of the Issue:
- Incremental Working capital requirements.
- General Corporate Purpose.
- Meeting Public Issue Expenses.
Financials of the Company:
| (in Crores) | FY 14 | FY 15 | FY 16 | FY 17 | FY 18 |
|---|---|---|---|---|---|
| Revenue | 16.44 | 23.09 | 25.63 | 68.05 | 65.32 |
| Net Profit | 0.0003 | 0.0097 | 0.035 | 0.18 | 0.22 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Sun Retail Limited | 10 | 1.06 | 21.70 | 3.29% | 12.97 |
| Oasis Tradelink Limited | 10 | 2.21 | 9.75 | 11.58% | 19.09 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 27th September 2018 |
| Issue Closes on:. | 3rd October 2018 |
| Issue Price | Rs.23 |
| Face Value | Rs.10 |
| Minimum Lot | 6000 Shares |
| Minimum Investment | Rs.1,38,000 |
| Issue Constitutes | 43.35% |
| Issue Size | Rs.10.11 cr |
| Market Cap | Rs.22.30 cr |
| Listing at | BSE SME |
| Equity Shares Offered (Fresh) | 43,98,000 |
| Equity Shares Prior to the Issue | 53,00,000 |
| Equity Shares after the Issue | 96,98,000 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 1.06 | 21.70 | 3.29% | 12.97 |
| Check IPO Allotment Status: |
|---|
Bigshare Website (Click on the below Link)http://www.bigshareonline.com/bssipoapplicationstatus.aspx |
Knowledge Corner: (Click on the Link)
| Company Contact Info: |
|---|
| Sun Retail Limited 213/214, Phase-II GIDC, Naroda, Ahmedabad – 382330, Gujarat, India. Tel No: 079- 22843366/+91-9427956633 Email: – sun_retail@yahoo.com Web Site: www.dhartisingtel.com |
| IPO Registrar Info: |
|---|
| BIGSHARE SERVICES PRIVATE LIMITED 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri (East), Mumbai-400059 Tel No.: 022 62638200 Fax No: 022 62638299 Email Id: ipo@bigshareonline.com Website: www.bigshareonline.com |
| Lead Manager to the Issue: |
|---|
| FEDEX SECURITIES LIMITED 305, Enterprise Centre, Nehru Road, Vile Parle (East), Mumbai- 400099, Maharashtra, India Tel No.: +91 81049 85249 Fax No.: 022 2618 6966 E-mail: mb@fedsec.in Website: www.fedsec.in |
