Sun Retail Ltd
Issue Analysis :
| Issue opens | Sept.27, 2018 |
| Issue Closes | Oct. 03, 2018 |
| Issue Price | Rs 23 |
| Lot Size | 6000 |
| Issue Size | 10.12 Cr |
| Lead Manager | Fedex Securities Limited |
| Registrar | Bigshare Services Pvt Ltd |
| Platform | BSE |
Company’s Snapshot :
Sun Retail is engaged in the business of trading into refined/filtered edible oils. The company’s major products include cottonseed oil, groundnut oil, sunflower oil. The Company also performs activity of bulk trading of palmolein oil and soyabean oil. Its products are sold under the brand name of “Dharti” and “Dharti SingTel”. The company’s operations are divided in these two major categories:
Wholesale trading
It purchases 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
The company purchases refined/filtered oils from the local oil refineries as per needed specification and requirements and subsequently, it is sold to Kanel Industries Limited for re-filtration and thereafter the final product is packed into tin containers, jars, bottles or pouches of different sizes as per requirements. Thereafter, the company re-purchases refined/filtered packed edible oil from Kanel Industries Limited for retail selling in the market. Sun Retail offers refined/filtered edible oil in different packing size 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.
Object of the Issue:
The objects of the Issue are to:
- Working Capital Requirements- INR7.09 crore
- General Corporate Purpose – INR2.43 crore
- Issue Expenses – INR0.60 crore
Financial Highlights :
| Sun Retail’s financial performance (in INR crore) | ||||||
| FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | ||
| Total revenue | 16.44 | 23.10 | 25.63 | 68.06 | 65.32 | |
| Total expenses | 16.44 | 23.09 | 25.70 | 67.79 | 64.97 | |
| Profit after tax | 0.00 | 0.01 | 0.04 | 0.19 | 0.23 | |
Company Promoters:
The Promoters of the Company is:
- TJR Agrocom Private Limited
Contact Company Information:
Sun Retail Limited
213/214, Phase-II GIDC
Naroda
Ahmedabad – 382330
Phone: +91 079- 22843366
Email: sun_retail@yahoo.com
Website: www.dhartisingtel.com