Sunsky Logistics IPO Faces Tepid Response, Set for Flat Listing on BSE SME
Sunsky Logistics, an integrated logistics services provider, is scheduled to list on the BSE SME platform on October 8. The IPO received a moderate overall subscription of 1.46 times, with non-institutional investors at 2.01 times and retail investors at 0.93 times. The company raised ₹16.84 crore by issuing 36.60 lakh shares at ₹46.00 per share. The grey market premium is 0%, suggesting a listing around the issue price. Sunsky Logistics has shown strong financial growth, with revenue increasing by 50.37% to ₹22.27 crore and profit growing by 107.20% to ₹2.59 crore in the latest period.
*this image is generated using AI for illustrative purposes only.
Sunsky Logistics, a provider of integrated logistics services, is set to make its debut on the BSE SME platform on October 8, following a lukewarm response to its Initial Public Offering (IPO). The company's entry into the public market has been met with mixed investor sentiment, reflecting the current cautious mood in the SME segment.
IPO Subscription Details
The Sunsky Logistics IPO received a moderate overall subscription of 1.46 times. Here's a breakdown of the subscription rates across different investor categories:
| Investor Category | Subscription Rate |
|---|---|
| Non-Institutional Investors | 2.01 |
| Retail Investors | 0.93 |
The underwhelming response from retail investors, with a subscription rate below 1, indicates a lack of enthusiasm among individual market participants.
IPO and Listing Details
| Particulars | Details |
|---|---|
| Issue Size | 36.60 lakh shares |
| Issue Price | ₹46.00 per share |
| Total Funds Raised | ₹16.84 crore |
| Listing Date | October 8 |
| Grey Market Premium | 0% |
The absence of a grey market premium suggests that market participants expect the stock to list around its issue price, with limited potential for immediate gains.
Company Overview
Sunsky Logistics offers a range of integrated logistics services, including:
- Freight forwarding
- Custom clearance
- Multimodal transport (ocean, air, rail, and road)
Financial Performance
The company has demonstrated strong financial growth in recent periods:
| Metric | Previous Period | Latest Period | Growth |
|---|---|---|---|
| Revenue | ₹14.81 crore | ₹22.27 crore | 50.37% |
| Profit | ₹1.25 crore | ₹2.59 crore | 107.20% |
This substantial increase in both revenue and profit highlights the company's expanding operations and improved profitability.
Market Expectations
Given the tepid IPO response and flat grey market premium, market analysts anticipate a listing close to the issue price of ₹46.00. Significant price movements are not expected in the initial trading sessions.
Conclusion
The Sunsky Logistics IPO reflects the current cautious sentiment in the SME market segment. While the company has shown strong financial growth, investor enthusiasm remains muted. As the company prepares for its market debut, all eyes will be on its listing performance and subsequent trading patterns in the coming days.
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