Sunita Tools Limited
LISTEDSME IPO · IPO Guide
Issue Price
₹145
Listed On
11 Oct 2023
Listing Price
₹155 (+6.90%)
Current Price LIVE
₹155
(+6.90%)
Lot Size Calculator
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 2 | 2,000 | ₹2,90,000 |
| HNI Min | 3 | 3,000 | ₹4,35,000 |
As per financials, Sunita Tools Limited has shown good results, RoNW is 105.31% and P/E is respectively 100.82 and 24.15 as per FY22 and FY23 earnings. So, issue looks aggressively priced. Also sudden rise in net profit and higher value of trade receivables are very surprising. Company is in business of the Engineering and Mould base Industry, which is highly fragmented and competitive segment. Performance of BRLM is average. So we are giving rating to this SME IPO. Readers must consult a qualified financial advisor prior to making any actual investment decisions.
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Disclaimer
No financial information whatsoever published herein, should be construed as an offer to buy or sell securities, or as information to make investment decisions, or as an official confirmation of any transaction. All matter published herein is purely for educational and informational purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions.
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