Sunlite Recycling Industries IPO Allotment Status On August 16: How to check the allotment status? 

Sunlite Recycling Industries IPO Allotment Status On August 16: Sunlite Recycling Industries IPO which was open for subscription on August 12 and close on August 14. However, the Sunlite Recycling Industries IPO allotment status was all set to be announced today, August 16.

The Sunlite Recycling Industries IPO received a good response from its investors as the fresh issue was subscribed 280 times overall on the day ending.

The shares portion for Qualified Institutions was subscribed 109.05 times while the issue for retail investors was subscribed 252 times and the non-institutional buyers portion was subscribed by 584 times.

Investors can check the Sunlite Recycling Industries IPO allotment status through Cameo Corporate Services Limited.

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How to check the Sunlite Recycling Industries IPO allotment status?

To check the allotment status through Cameo Corporate Services Limited, Investors need to follow the below-mentioned steps:

• First, investors need to visit the official site of Cameo Corporate Services Limited i.e. ipo.cameoindia.com.
• Then in the IPO allotment status menu, look for the ‘Sunlite Recycling Industries’ link.
• Then click on it and enter either your Pan card number or application number.
• Fill in the captcha and click on submit.
• Your Sunlite Recycling Industries IPO allotment status will appear on your screen.

However, the Sunlite Recycling Industries shares are expected to be listed on BSE and NSE on August 20, and the money will be refunded and the shares will be credited to the demat account on August 19.

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Sunlite Recycling Industries IPO Details

The company issued fresh shares of 28.8 lakh and the set price band was between Rs 100 and Rs 105 per equity shares.

The minimum lot size that the investors could bid for was 1,200 shares and the minimum required investment for the retail investors was Rs 126,000.

The company set aside 50% of the net offer for Qualified Institutions Buyers (QIB) while 35% was set aside for retail investors and the rest 15% was reserved for non-institutional investors.

Hem Securities Ltd. is the lead book-running manager of the  Sunlite Recycling Industries IPO while Cameo Corporate Services Ltd. registrar for the issue and Hem Finlease is set as the market maker.

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