Sunrise Middle East Turn Tech Ltd.
SMEBSETBA
TBA
1 Shares
TBA
₹10
Subscription Details
IPO Timeline
IPO Offer Start
TBA
IPO Offer Ends
TBA
TBA
Use of Proceeds
| # | Purpose | Amount (₹ Million) |
|---|---|---|
| 1 | Funding the working capital requirements of our Company. | 75 |
| 2 | Funding the Capital Expenditure requirements towards Purchase of Plant and Machinery | 156.678 |
| 3 | Funding the Capital Expenditure requirements towards Purchase of Plant and Machinery | 40.822 |
Promoters
Book Running Lead Managers
Promoter Shareholding
Pre-IPO
100.00%
Promoter stake
Offered to Public
51,58,000
shares
About the Company
We are engaged in the manufacturing of high-precision engineering components, including Precision Machined Components, Automotive Components, Electrical Components, Fire Safety Components, Industrial Fasteners & Fixings, Gas Components, HVAC Components and Customized Industrial Components. We also undertake various job work services for our customers, including processing of customer-supplied raw materials into finished components as per their specified requirements. Backed by advanced manufacturing capabilities and technical expertise, we manufacture components using CNC turning, CNC milling, precision machining and other value-added manufacturing processes, in accordance with customer-specific technical drawings, specifications and industry requirements. We provide customized engineering and machining solutions tailored to the specific applications and performance requirements of our customers. Our expertise extends across a broad spectrum of industries, including Automotive, General Engineering, Electrical and Renewable Energy, Oil & Gas, Plumbing, Industrial Machinery and other Precision Engineering sectors. Through our manufacturing capabilities and stringent quality control processes, we strive to deliver precision components and job work services that meet the requisite standards of quality, precision, performance, reliability and durability across diverse engineering applications.
Use of Proceeds
1) To fund capital expenditure for purchase of Plant and Machinery for Expansion of Manufacturing Capacity at proposed manufacturing unit at Plot No. 1 & 2, new revenue survey no. 413, village Haripar Tal. Lalpur, Jamnagar Gujarat;2) To fund capital expenditure for purchase of Plant and Machinery for Enhancement of Production at proposed manufacturing unit at Plot No. 1 & 2, new revenue survey no. 413, village Haripar Tal. Lalpur, Jamnagar Gujarat;3) To meet the working capital requirements; and4) General corporate purposes.
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