Sheetal Universal IPO vs Sunrest Lifescience IPO

Comparision between Sheetal Universal IPO and Sunrest Lifescience IPO.

IPO Details

Sheetal Universal IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Sunrest Lifescience IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Sheetal Universal IPO	Sunrest Lifescience IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Mark Corporate Advisors Private Limited
Registrar	Bigshare Services Pvt Ltd	Skyline Financial Services Private Ltd
Market Maker	Spread X Securities Private Limited	Svcm Securities Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Sheetal Universal IPO is up to ₹23.80 Cr whereas the issue size of the Sunrest Lifescience IPO is up to ₹10.85 Cr. The final issue price of Sheetal Universal IPO is ₹70.00 per share and of Sunrest Lifescience IPO is ₹84.00 per share.

	Sheetal Universal IPO	Sunrest Lifescience IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹70.00 per share	₹84.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1600 shares
Fresh Issue Size	34,00,000 shares	12,91,200 shares
Fresh Issue Size (Amount)	up to ₹23.80 Cr	up to ₹10.85 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	34,00,000 shares	12,91,200 shares
Issue Size Total (Amount)	up to ₹23.80 Cr	up to ₹10.85 Cr

IPO Timetable

Sheetal Universal IPO opens on Dec 04, 2023, while Sunrest Lifescience IPO opens on Nov 07, 2023. The closing date of Sheetal Universal IPO and Sunrest Lifescience IPO is Dec 06, 2023, and Nov 09, 2023, respectively.

	Sheetal Universal IPO	Sunrest Lifescience IPO
Anchor Bid Date
Issue Open	Dec 04, 2023	Nov 07, 2023
Issue Close	Dec 06, 2023	Nov 09, 2023
Basis Of Allotment (Tentative)	Dec 07, 2023	Nov 15, 2023
Initiation of Refunds (Tentative)	Dec 08, 2023	Nov 16, 2023
Credit of Share (Tentative)	Dec 08, 2023	Nov 17, 2023
Listing date (Tentative)	Dec 11, 2023	Nov 20, 2023
Anchor Lockin End date 1	Jan 06, 2024	Dec 15, 2023
Anchor Lockin End date 2	Mar 06, 2024	Feb 13, 2024

Financials

Sheetal Universal IPO P/E ratio is 27.34, as compared to Sunrest Lifescience IPO P/E ratio of 12.33.

Sheetal Universal IPO

Sunrest Lifescience IPO

Financial

Sheetal Universal Limited Financial Information (Restated Consolidated)

Sheetal Universal Limited's revenue increased by 230.49% and profit after tax (PAT) rose by 602.4% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Aug 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,370.03	2,804.02	1,602.82	1,272.15
Revenue	5,826.93	13,165.68	3,983.67	3,883.53
Profit After Tax	187.67	198.85	28.31	25.41
Net Worth	1,046.89	649.22	450.37	422.07
Reserves and Surplus	241.29	299.22	100.37	72.07
Total Borrowing	1,463.22	1,356.24	984.80	625.07
Amount in ₹ Lakhs

Sunrest Lifescience Limited Financial Information (Restated)

Sunrest Lifescience Limited's revenue decreased by -8.32% and profit after tax (PAT) rose by 162.91% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,706.28	1,671.37	1,301.97	948.15
Revenue	563.58	2,467.05	2,690.99	1,694.91
Profit After Tax	75.08	204.31	77.71	16.55
Net Worth	386.60	311.52	107.20	29.49
Reserves and Surplus	86.60	11.52	106.20	28.49
Total Borrowing	347.32	214.32	323.83	231.55
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

95%

100%

Promoter Shareholding (Post-Issue)

66.81%

69.91%

P/E Ratio

27.34

12.33

Market Cap

₹80.19 Cr.

₹36.05 Cr.

ROE

36.17%%

53%%

ROCE

21.59%%

98%%

Debt/Equity

2.09

0.64

EPS

₹2.56

₹6.81

RoNW

30.63%%

65.59%%

Shares Offered

In the Sheetal Universal IPO retail investors (RII) are offered 16,14,000 shares while in Sunrest Lifescience IPO retail investors are offered 16,14,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Sheetal Universal IPO and 0 shares in Sunrest Lifescience IPO.

	Sheetal Universal IPO	Sunrest Lifescience IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,72,000 shares	65,600 shares
QIB	0 shares	0 shares
NII	16,14,000 shares	6,12,800 shares
RII	16,14,000 shares	6,12,800 shares
Employee	0 shares	0 shares
Others
Total	32,28,000 shares	12,25,600 shares

Bids Received (Subscription)

Sheetal Universal IPO subscribed 179.20x in total, whereas Sunrest Lifescience IPO subscribed 48.54x.

	Sheetal Universal IPO	Sunrest Lifescience IPO
QIB (times)
NII (times)	212.55x	29.17x
Big NII (times)
Small NII (times)
RII (times)	129.73x	65.74x
Employee (times)
Other (times)
Total (times)	179.20x	48.54x

Compare with others

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Rockingdeals Circular Economy IPO	Swashthik Plascon IPO
Arrowhead Seperation Engineering IPO	Rockingdeals Circular Economy IPO
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ROX Hi-Tech IPO	Kalyani Cast Tech IPO
Sunrest Lifescience IPO	ROX Hi-Tech IPO
Baba Food Processing IPO	Sheetal Universal IPO
Micropro Software Solutions IPO	Baba Food Processing IPO
SAR Televenture IPO	Micropro Software Solutions IPO
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Mish Designs IPO	Vrundavan Plantation IPO

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