Sunrest Lifescience IPO vs Swashthik Plascon IPO

Comparision between Sunrest Lifescience IPO and Swashthik Plascon IPO.

IPO Details

Sunrest Lifescience IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Swashthik Plascon IPO is a SME Book Built Issue proposed to list at BSE SME.

	Sunrest Lifescience IPO	Swashthik Plascon IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	BSE SME
Lead Managers	Mark Corporate Advisors Private Limited	Shreni Shares Limited
Registrar	Skyline Financial Services Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Svcm Securities Private Limited	Nikunj Stock Brokers Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		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 Swashthik Plascon IPO is up to ₹40.76 Cr. The final issue price of Sunrest Lifescience IPO is ₹84.00 per share and of Swashthik Plascon IPO is ₹86.00 per share.

	Sunrest Lifescience IPO	Swashthik Plascon IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹80.00 per share
Issue Price (Upper)		₹86.00 per share
Issue Price (Final)	₹84.00 per share	₹86.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1600 shares
Fresh Issue Size	12,91,200 shares	47,39,200 shares
Fresh Issue Size (Amount)	up to ₹10.85 Cr	up to ₹40.76 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	12,91,200 shares	47,39,200 shares
Issue Size Total (Amount)	up to ₹10.85 Cr	up to ₹40.76 Cr

IPO Timetable

Sunrest Lifescience IPO opens on Nov 07, 2023, while Swashthik Plascon IPO opens on Nov 24, 2023. The closing date of Sunrest Lifescience IPO and Swashthik Plascon IPO is Nov 09, 2023, and Nov 29, 2023, respectively.

	Sunrest Lifescience IPO	Swashthik Plascon IPO
Anchor Bid Date		Nov 23, 2023
Issue Open	Nov 07, 2023	Nov 24, 2023
Issue Close	Nov 09, 2023	Nov 29, 2023
Basis Of Allotment (Tentative)	Nov 15, 2023	Dec 04, 2023
Initiation of Refunds (Tentative)	Nov 16, 2023	Dec 05, 2023
Credit of Share (Tentative)	Nov 17, 2023	Dec 05, 2023
Listing date (Tentative)	Nov 20, 2023	Dec 05, 2023
Anchor Lockin End date 1	Dec 15, 2023	Jan 03, 2024
Anchor Lockin End date 2	Feb 13, 2024	Mar 03, 2024

Financials

Sunrest Lifescience IPO P/E ratio is 12.33, as compared to Swashthik Plascon IPO P/E ratio of 17.23.

Sunrest Lifescience IPO

Swashthik Plascon 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 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

Swashthik Plascon Limited Financial Information (Restated Consolidated)

Period Ended	30 Sep 2023	31 Mar 2023
Assets	11,416.09	11,076.25
Revenue	6,973.65	4,589.10
Profit After Tax	528.48	302.19
Net Worth	2,564.07	2,037.09
Reserves and Surplus	1,281.59	754.61
Total Borrowing	6,231.66	5,879.54
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

60.00%

Promoter Shareholding (Post-Issue)

69.91%

43.81%

P/E Ratio

12.33

17.23

Market Cap

₹36.05 Cr.

₹151.05 Cr.

ROE

53%%

22.78%%

ROCE

98%%

17.30%%

Debt/Equity

0.64

2.89

EPS

₹6.81

₹4.99

RoNW

65.59%%

14.95%%

Shares Offered

In the Sunrest Lifescience IPO retail investors (RII) are offered 6,12,800 shares while in Swashthik Plascon IPO retail investors are offered 6,12,800 shares. Qualified institutional buyers (QIB) are offered 0 shares in Sunrest Lifescience IPO and 9,00,800 shares in Swashthik Plascon IPO.

	Sunrest Lifescience IPO	Swashthik Plascon IPO
Anchor Investor Reserveration		13,48,800 shares
Market Maker Reserveration	65,600 shares	2,38,400 shares
QIB	0 shares	9,00,800 shares
NII	6,12,800 shares	6,75,200 shares
RII	6,12,800 shares	15,76,000 shares
Employee	0 shares	0 shares
Others
Total	12,25,600 shares	31,52,000 shares

Bids Received (Subscription)

Sunrest Lifescience IPO subscribed 48.54x in total, whereas Swashthik Plascon IPO subscribed 15.43x.

	Sunrest Lifescience IPO	Swashthik Plascon IPO
QIB (times)		3.42x
NII (times)	29.17x	35.76x
Big NII (times)
Small NII (times)
RII (times)	65.74x	13.58x
Employee (times)
Other (times)
Total (times)	48.54x	15.43x

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