Sun Retail Ltd

Sun Retail Ltd

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:

  1. Mr. Dharamjit B. Mori (Designation: Whole-Time Director)
  2. Mr. Vikram I. Desai (Designation: Non-Executive Director& Non-Independent)
  3. 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

 

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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