Sunrest Lifescience IPO Details ( Sunrest Lifescience Limited IPO Review )
(7 Nov 2023 – 9 Nov 2023)
Sunrest Lifescience Limited started in 2017 and offers a wide range of healthcare and personal care products. They have a variety of products like capsules, tablets, syrups, ointments, gels, mouthwashes, solutions, suspensions, dry powders, and toothpaste.
These products cover a wide spectrum of medicines, including antibacterials, antidiarrheals, antifungals, antimalarials, antidiabetics, dental care, antiprotozoals, antihistamines, antihypertensives, cosmetics, antiparasitics, multivitamins, multimineral supplements, nutraceuticals, and anti-inflammatories.
Sunrest Lifescience doesn’t make these products themselves; they have other companies, including one called Trilend Pharmaceuticals Private Limited (a Sunrest group company), manufacture them. They work with 43 third-party manufacturers in states like Gujarat, Punjab, Maharashtra, Haryana, Himachal Pradesh, Uttarakhand, and Madhya Pradesh.
Their products reach customers through stockists and super stockists, and you can find them in chemist shops, dispensaries, hospitals, and more.
Sunrest Lifescience is serious about quality, with 18 registered trademarks for 32 products, and they’re dedicated to providing high-quality products to their customers.
Sunrest Lifescience Limited IPO Competitive Strength
- Experienced Promoters and Management Team
- Wide range of Products
- Efficient marketing team
Sunrest Lifescience IPO Financials Performance ( Results )
Sunrest Lifescience Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 948.15 | 1,694.91 | 16.55 | 0.55 | 29.49 | 28.49 | 231.55 |
| 31-Mar-22 | 1,301.97 | 2,690.99 | 77.71 | 2.59 | 107.20 | 106.20 | 323.83 |
| 31-Mar-23 | 1,671.37 | 2,467.05 | 204.31 | 6.81 | 311.52 | 11.52 | 214.32 |
| 30-Jun-23 | 1,706.28 | 563.58 | 75.08 | 2.50 | 386.60 | 86.60 | 347.32 |
Objective of Sunrest Lifescience IPO Issue
- Meeting Working Capital Requirements
- General Corporate Purpose
- Meeting Public Issue Expenses
Sunrest Lifescience IPO Basic Details
| IPO Date | Nov 7, 2023 to Nov 9, 2023 |
| Listing Date | Monday, November 20, 2023 |
| Face Value | ₹10 per share |
| Price | ₹84 per share |
| Lot Size | 1600 Shares |
| Issue Size | 1,291,200 shares of ₹10 (aggregating up to ₹10.85 Cr) |
| Fresh Issue | 1,291,200 shares of ₹10 (aggregating up to ₹10.85 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 3,000,000 |
| Share holding post issue | 4,291,200 |
| Company Promoters | Mr. Nikhilkumar Y Thakkar, Mr. Amitbhai Shambhulal Thakkar, Mr. Bhagyesh Kiritbhai Parekh and Mr. Bharatkumar V Thakkar |
Sunrest Lifescience IPO Reservation
| Other Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
Sunrest Lifescience IPO Timetable
Sunrest Lifescience IPO will open on November 7, 2023 and close on November 9, 2023. You can join Sunrest Lifescience IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 7 November 2023 (Tuesday) |
| Closing Date | 9 November 2023 (Thursday) |
| Basis of Allotment | 15 November 2023 (Wednesday) |
| Initiation of Refunds | 16 November 2023 (Thursday) |
| Credit of Shares to Demat | 17 November 2023 (Friday) |
| Listing Date | 20 November 2023 (Monday) |
| Deadline for UPI mandate confirmation | 5 PM on 9 November 2023 |
Sunrest Lifescience IPO Lot Size
For retail investors in Sunrest Lifescience IPO, 1600 shares will come in 1 lot or the minimum investment will be ₹134,400. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹134,400.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1600 | ₹134,400 |
| Retail (Max) | 1 | 1600 | ₹134,400 |
| S-HNI (Min) | 2 | 3200 | ₹268,800 |
Sunrest Lifescience IPO Promoter Holding
The company’s promoters include Mr. Nikhilkumar Y Thakkar, Mr. Amitbhai Shambhulal Thakkar, Mr. Bhagyesh Kiritbhai Parekh and Mr. Bharatkumar V Thakkar.
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 69.91% |
Sunrest Lifescience Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 36.05 |
| Earning Per Share (EPS) | ₹6.81 per Equity Share |
| Net Asset Value (NAV) | ₹10.38 per Equity Share |
| P/E Ratio (P/E) (x) | 12.33 |
| Post P/E Ratio (P/E) (x) | 12 |
| Return on Net Worth (RoNW) (%) | 65.59 |
| Return on equity (ROE) (%) | 53 |
| Return on Capital Employed (ROCE) (%) | 98 |
| Debt/Equity Ratio | 0.64 |
Sunrest Lifescience Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | CMP (₹) | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Sunrest Lifescience Limited | Standalone | 84.00 | 10.00 | 6.81 | 12.33 | 5.28 | 10.38 |
| Peer Group | |||||||
| Trident Lifeline Limited | Consolidated | 182.60 | 10.00 | 5.23 | 34.91 | 13.18 | 39.69 |
| Vaishali Pharma Limited | Standalone | 134.85 | 10.00 | 3.82 | 21.54 | 16.29 | 38.43 |
| Chandra Bhagat Pharma Limited | Standalone | 107.10 | 10.00 | 1.06 | 69.55 | 4.23 | 36.42 |
There are no listed companies in India that are comparable in all aspects of business and services that the Company provides. Hence, it is not possible to provide an industry comparison in relation to the Company.
Sunrest Lifescience IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹13 | – | – |
| 5 November 2023 | ₹13 | – | – |
Sunrest Lifescience IPO Detail Video:
Sunrest Lifescience IPO Subscription Status (Bidding Detail)
The Sunrest Lifescience IPO on November 9, 2023 at 7:00:00 PM was subscribed 48.54 times, with the retail category being subscribed 65.74 times, the other category being subscribed 29.17 times.
| Category | Subscription |
| Other | 29.17x |
| Retail | 65.74x |
| Total | 48.54x |
Sunrest Lifescience IPO Prospectus
| Sunrest Lifescience IPO DRHP | Download |
| Sunrest Lifescience IPO RHP | Download |
| Sunrest Lifescience IPO Anchor Investors Details PDF | Download |
Sunrest Lifescience IPO Rating
| Our Rating | 2.5/5.0 |
Sunrest Lifescience Company Contact Information
Sunrest Lifescience Limited
Registered Office: FF-41, Ajay Tenament-6, Near Canal Near Ritanagar Bus Stand, Vastral Road, Ahmedabad-382415, Gujarat, India
Website: http://www.sunrestlifescience.com/
Tel No: +91-079 – 29918245
Email Id: info@sunrestlifescience.com
Company Secretary and Compliance Officer: Ms. Nishi Shah
Promoters of Our Company: Mr. Nikhilkumar Y Thakkar, Mr. Amitbhai Shambhulal Thakkar, Mr. Bhagyesh Kiritbhai Parekh and Mr. Bharatkumar V Thakkar
Sunrest Lifescience IPO Registrar
Skyline Financial Services Private Limited
CIN: U74899DL1995PTC071324
Registered Office: D-153/ A, First Floor, Okhla Industrial Area,
Phase – I, New Delhi – 110020
Telephone: +91 1126812682
E-mail id: Virenr@Skylinerta.Com
Investor Grievance Email: grievances@skylinerta.com
Contact person: Mr. Anuj Rana
Website: http://www.skylinerta.com/
SEBI Regn. No.: INR000003241
Sunrest Lifescience IPO Lead Manager
Mark Corporate Advisors Private Limited
CIN: U67190MH2008PTC181996
Registered Office: 404/1, The Summit Business Bay, Sant Janabai Road (Service Lane),
Off W. E. Highway, Vile Parle (East), Mumbai-400 057. Maharashtra, India
Tel. No.: +91 22 2612 3208
Email ID: smeipo@markcorporateadvisors.com
Investor Grievance Email ID: investorgrievance@markcorporateadvisors.com
Contact Person: Mr. Niraj Kothari
Website: www.markcorporateadvisors.com
SEBI Regn. No.: INM000012128
Sunrest Lifescience IPO FAQs
What is the lot size of Sunrest Lifescience IPO?
The total size of Sunrest Lifescience IPO is ₹10.85 crores and this is a complete fresh Issue.
When will Sunrest Lifescience IPO start?
Sunrest Lifescience IPO will open from 7 November 2023 and IPO will close on 9 November 2023.
What is the open date of Sunrest Lifescience IPO?
Sunrest Lifescience IPO will open date from 7 November 2023.
What is the last date ( close date ) of Sunrest Lifescience IPO?
Sunrest Lifescience IPO will close from 9 November 2023.
What is the price band of Sunrest Lifescience IPO?
Sunrest Lifescience IPO price band is ₹84.
What is the minimum amount required to apply for Sunrest Lifescience IPO?
The minimum investment for retailers to apply for Sunrest Lifescience IPO is ₹134,400 and the maximum investment is ₹134,400.
What is going on gray market premium of Sunrest Lifescience IPO?
View gray market premium of Sunrest Lifescience IPO by Clicking Here
How much is the GMP of Sunrest Lifescience IPO?
Watch Sunrest Lifescience IPO GMP Today: Click Here
What is the allotment date of Sunrest Lifescience IPO?
The allotment date of Sunrest Lifescience IPO is 15 November 2023.
How to check allotment status in Sunrest Lifescience IPO?
To check the allotment status of Sunrest Lifescience IPO, first of all go to the registrar website by clicking here, select your bad Sunrest Lifescience IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Sunrest Lifescience IPO?
The listing date of Sunrest Lifescience IPO is 20 November 2023.
How much will be the listing gain in Sunrest Lifescience IPO?
View listing gain of Sunrest Lifescience IPO by Clicking Here
How much time Sunrest Lifescience IPO is subscribed?
Total 48.54 times subscribed in Sunrest Lifescience IPO out of which 65.74 times subscription was done in retail quota, 29.17 times subscription in other quota.
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