What you must know about Sunrest Lifescience IPO?
by 5paisa Research Team
01 Nov 2023
Listing Details
- Listing Exchange NSE SME
- Listing Date 20-Nov-23
- IPO Price Range ₹ 84
- Listing Price ₹ 84
- Listing Change 0.0%
- Last Traded Price ₹ 79
- Current Change -6.0%
Sunrest Lifescience IPO Details
- Open Date 07-Nov-23
- Close Date 09-Nov-23
- Lot Size 1600
- IPO Size ₹ 10.85 Cr
- IPO Price Range ₹ 84
- Min Investment ₹ 134,400
- Listing Exchange NSE SME
- Basis of Allotment 15-Nov-23
- Refunds 16-Nov-23
- Credit to Demat Account 17-Nov-23
- Listing Date 20-Nov-23
Sunrest Lifescience IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 07-Nov-23 | - | 0.61 | 5.79 | 3.20 |
| 08-Nov-23 | - | 2.67 | 19.75 | 11.22 |
| 09-Nov-23 | - | 29.17 | 65.74 | 48.54 |
Sunrest Lifescience IPO Synopsis
Sunrest Lifescience Limited IPO is all set to open from 7th November to 9th November 2023. The company is engaged in the business of healthcare and personal care products. The IPO includes a fresh issue of 1,291,200 shares worth ₹10.85 cr. The share allotment date is 15th November, and the IPO will be listed on 20th November on the stock exchanges. The price is ₹84 per share and the lot size is 1600 shares.
Mark Corporate Advisors Private Limited is the book-running lead manager for this IPO, while Skyline Financial Services Private Limited is the registrar.
Objectives of Sunrest Lifescience IPO:
Sunrest Lifescience Limited plans to utilize the raised capital from the IPO to:
● For working capital.
● General corporate purposes.
● To fund the public issue expense.
About Sunrest Lifescience
Established in 2017, Sunrest Lifescience Limited is engaged in the business of healthcare and personal care products. The company gets its product range manufactured by third parties and markets them. Sunrest Lifescience sells its products to Super Stockists and Stockists which is later made available to Hospitals, Chemist shops, Dispensaries, and more. The company possesses in total 18 Registered Trademarks for 32 products.
Its range of products includes Capsules, Tablets, Syrup, Ointment, Gel, Mouth Wash, Solution, Suspension, Dry Powders and Toothpaste. Additionally, the company’s portfolio includes drugs such as Anti-Bacterial, Anti Diarrheal, AntiFungal, Anti Malerial, Anti Diabetic, Dental Cure, Anti Protozol, Anti Histamine, Anti-Hypertensive drugs, Cosmetic, Anti Parasitic, Multivitamin, Multimineral, Nutraceutical and Anti-inflammatory.
Sunrest Lifescience’s operations are spread in Gujarat, Maharashtra, Madhya Pradesh, Orissa and Rajasthan.
Peer Comparison
● Vaishali Pharma Limited
● Chandra Bhagat Pharma Limited
For More Information:
Webstory on Sunrest Lifescience IPO
Sunrest Lifescience IPO GMP
Sunrest Lifescience Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations (interest income) | 24.26 | 26.89 | 16.95 |
| EBITDA | 2.93 | 1.12 | 0.27 |
| PAT | 2.04 | 0.78 | 0.17 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 16.71 | 13.02 | 9.48 |
| Share Capital | 3.00 | 0.01 | 0.01 |
| Total Borrowings | 13.59 | 11.95 | 9.19 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 1.15 | -0.45 | 0.15 |
| Net cash from / (used in) investing activities | -0.030 | -0.36 | -0.16 |
| Net cash flow from / (used in) financing activities | -1.15 | 0.91 | 0.038 |
| Net increase (decrease) in cash and cash equivalents | -0.031 | 0.11 | 0.0296 |
Sunrest Lifescience IPO Key Points
-
Strengths
1. The company offers a wide range of products.
2. It also has an efficient marketing team which is crucial for the business.
3. The company’s Board and Senior Management are experienced.
4. Planning to expand its local presence.
-
Risks
1. The company relies on third parties for manufacturing products.
2. Significant working capital requirements.
3. Operate in a highly regulated and controlled industry environment.
4. Negative cash flows in the past.
5. Subject to fluctuations in the prices of raw materials.
Sunrest Lifescience
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Sunrest Lifescience IPO FAQs
What is the minimum lot size and investment required for the Sunrest Lifescience IPO?
The minimum lot size of Sunrest Lifescience IPO is 1600 shares and the investment required is ₹1,34,400.
What is the price band of Sunrest Lifescience IPO?
The price for Sunrest Lifescience IPO is ₹84 per share.
When does the Sunrest Lifescience IPO opens and closes?
Sunrest Lifescience IPO opens from 7th November to 9th November 2023.
What is the size of the Sunrest Lifescience IPO?
The size of Sunrest Lifescience IPO is ₹10.85 cr.
What is the allotment date of the Sunrest Lifescience IPO?
The share allotment date of Sunrest Lifescience IPO is 15th November 2023.
What is the Sunrest Lifescience IPO listing date?
The Sunrest Lifescience IPO will be listed on 20th November 2023.
Who are the book runners for the Sunrest Lifescience IPO?
Mark Corporate Advisors Private Limited is the book-running lead manager for Sunrest Lifescience IPO.
What is the objective of Sunrest Lifescience IPO?
Sunrest Lifescience Limited plans to utilize the raised capital from the IPO to:
1. For working capital.
2. General corporate purposes.
3. To fund the public issue expense.
How to apply for the Sunrest Lifescience IPO?
To apply for Sunrest Lifescience IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Sunrest Lifescience Limited IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
● You will receive a mandate notification to block funds in your UPI app.
Contact Details of Sunrest Lifescience IPO
Contact Information
Sunrest Lifescience Limited
FF-41, Ajay Tenament-6,
Near Canal Near Ritanagar, Bus Stand Vastral Road,
Ahmedabad-382415
Phone: +91-079 - 29918245
Email: info@sunrestlifescience.com
Website: https://sunrestlifescience.com/
Sunrest Lifescience IPO Register
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: Virenr@Skylinerta.Com
Website: https://www.skylinerta.com/ipo.php
Sunrest Lifescience IPO Lead Manager
Mark Corporate Advisors Private Limited
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