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Sunrest Lifescience IPO vs Vrundavan Plantation IPO

Comparision between Sunrest Lifescience IPO and Vrundavan Plantation IPO.

IPO Details

Sunrest Lifescience IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Vrundavan Plantation IPO is a SME Fixed Price Issue proposed to list at BSE SME.

  Sunrest Lifescience IPO Vrundavan Plantation IPO
Logo Sunrest Lifescience IPO Logo Vrundavan Plantation IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At NSE SME BSE SME
Lead Managers Mark Corporate Advisors Private Limited Interactive Financial Services Ltd
Registrar Skyline Financial Services Private Ltd Kfin Technologies Limited
Market Maker Svcm Securities Private Limited Nikunj Stock Brokers 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 Sunrest Lifescience IPO is up to ₹10.85 Cr whereas the issue size of the Vrundavan Plantation IPO is up to ₹15.29 Cr. The final issue price of Sunrest Lifescience IPO is ₹84.00 per share and of Vrundavan Plantation IPO is ₹108.00 per share.

  Sunrest Lifescience IPO Vrundavan Plantation IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹84.00 per share ₹108.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1600 shares 1200 shares
Fresh Issue Size 12,91,200 shares 14,16,000 shares
Fresh Issue Size (Amount) up to ₹10.85 Cr up to ₹15.29 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 12,91,200 shares 14,16,000 shares
Issue Size Total (Amount) up to ₹10.85 Cr up to ₹15.29 Cr

IPO Timetable

Sunrest Lifescience IPO opens on Nov 07, 2023, while Vrundavan Plantation IPO opens on Oct 30, 2023. The closing date of Sunrest Lifescience IPO and Vrundavan Plantation IPO is Nov 09, 2023, and Nov 01, 2023, respectively.

  Sunrest Lifescience IPO Vrundavan Plantation IPO
Anchor Bid Date Oct 30, 2023
Issue Open Nov 07, 2023 Oct 30, 2023
Issue Close Nov 09, 2023 Nov 01, 2023
Basis Of Allotment (Tentative) Nov 15, 2023 Nov 05, 2023
Initiation of Refunds (Tentative) Nov 16, 2023 Nov 06, 2023
Credit of Share (Tentative) Nov 17, 2023 Nov 06, 2023
Listing date (Tentative) Nov 20, 2023 Nov 06, 2023
Anchor Lockin End date 1 Dec 15, 2023 Dec 05, 2023
Anchor Lockin End date 2 Feb 13, 2024 Feb 03, 2024

Financials

Sunrest Lifescience IPO P/E ratio is 12.33, as compared to Vrundavan Plantation IPO P/E ratio of 34.62.

  Sunrest Lifescience IPO Vrundavan Plantation IPO
Financial

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 Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,706.281,671.371,301.97948.15
Revenue563.582,467.052,690.991,694.91
Profit After Tax75.08204.3177.7116.55
Net Worth386.60311.52107.2029.49
Reserves and Surplus86.6011.52106.2028.49
Total Borrowing347.32214.32323.83231.55
Amount in ₹ Lakhs

Vrundavan Plantation Limited Financial Information (Restated)

Period Ended31 May 2023
Assets2,321.67
Revenue180.68
Profit After Tax17.33
Net Worth413.82
Reserves and Surplus22.15
Total Borrowing17.47
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100% 85.29%
Promoter Shareholding (Post-Issue) 69.91% 62.65%
P/E Ratio 12.33 34.62
Market Cap ₹36.05 Cr. ₹57.59 Cr.
ROE 53%% 8.35%%
ROCE 98%% 6.71%%
Debt/Equity 0.64 0.47
EPS ₹6.81 ₹0.52
RoNW 65.59%% 4.19%%

Shares Offered

In the Sunrest Lifescience IPO retail investors (RII) are offered 6,12,800 shares while in Vrundavan Plantation IPO retail investors are offered 6,12,800 shares. Qualified institutional buyers (QIB) are offered 0 shares in Sunrest Lifescience IPO and 0 shares in Vrundavan Plantation IPO.

  Sunrest Lifescience IPO Vrundavan Plantation IPO
Anchor Investor Reserveration
Market Maker Reserveration 65,600 shares 72,000 shares
QIB 0 shares 0 shares
NII 6,12,800 shares 6,72,000 shares
RII 6,12,800 shares 6,72,000 shares
Employee 0 shares 0 shares
Others
Total 12,25,600 shares 13,44,000 shares

Bids Received (Subscription)

Sunrest Lifescience IPO subscribed 48.54x in total, whereas Vrundavan Plantation IPO subscribed 18.57x.

  Sunrest Lifescience IPO Vrundavan Plantation IPO
QIB (times)
NII (times) 29.17x 11.60x
Big NII (times)
Small NII (times)
RII (times) 65.74x 25.51x
Employee (times)
Other (times)
Total (times) 48.54x 18.57x

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