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Sunrest Lifescience Limited IPO (Sunrest Lifescience IPO) Detail

November 7, 2023 - November 9, 2023

Sunrest Lifescience IPO is a fixed price issue of Rs 10.85 crores. The issue is entirely a fresh issue of 12.91 lakh shares.

Sunrest Lifescience IPO bidding started from November 7, 2023 and ended on November 9, 2023. The allotment for Sunrest Lifescience IPO was finalized on Wednesday, November 15, 2023. The shares got listed on NSE SME on November 20, 2023.

Sunrest Lifescience IPO price is ₹84 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹134,400. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹268,800.

Mark Corporate Advisors Private Limited is the book running lead manager of the Sunrest Lifescience IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Sunrest Lifescience IPO is Svcm Securities.

Refer to Sunrest Lifescience IPO RHP for detailed information.

Sunrest Lifescience IPO Details

IPO Date November 7, 2023 to November 9, 2023
Listing Date November 20, 2023
Face Value ₹10 per share
Price ₹84 per share
Lot Size 1600 Shares
Total Issue Size1,291,200 shares
(aggregating up to ₹10.85 Cr)
Fresh Issue1,291,200 shares
(aggregating up to ₹10.85 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Share holding post issue4,291,200
Market Maker portion65,600 shares
Svcm Securities

Sunrest Lifescience IPO Reservation

Sunrest Lifescience IPO offers 1,291,200 shares. 612,800 (47.46%) to NII, 612,800 (47.46%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered65,600 (5.08%)
Other Shares Offered612,800 (47.46%)
Retail Shares Offered612,800 (47.46%)
Total Shares Offered1,291,200 (100%)

Sunrest Lifescience IPO Timeline (Tentative Schedule)

Sunrest Lifescience IPO opens on November 7, 2023, and closes on November 9, 2023.

IPO Open Date Tuesday, November 7, 2023
IPO Close Date Thursday, November 9, 2023
Basis of Allotment Wednesday, November 15, 2023
Initiation of Refunds Thursday, November 16, 2023
Credit of Shares to Demat Friday, November 17, 2023
Listing Date Monday, November 20, 2023
Cut-off time for UPI mandate confirmation 5 PM on November 9, 2023

Sunrest Lifescience IPO Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1600 ₹134,400
Retail (Max) 1 1600 ₹134,400
HNI (Min) 2 3,200 ₹268,800
Lot Size Calculator

Sunrest Lifescience IPO Promoter Holding

The promoters of the company are Mr. Nikhilkumar Y Thakkar, Mr. Amitbhai Shambhulal Thakkar, Mr. Bhagyesh Kiritbhai Parekh and Mr. Bharatkumar V Thakkar.

Share Holding Pre Issue 100%
Share Holding Post Issue 69.91%

About Sunrest Lifescience Limited

Incorporated in 2017, Sunrest Lifescience Limited offers a diverse range of healthcare and personal care products.

The company's product range includes Capsules, Tablets, Syrup, Ointment, Gel, mouthwash, Solution, Suspension, Dry Powders, and Toothpaste. Sunrest Lifescience's product portfolio encompasses an extensive range of 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.

The company gets its products manufactured by third-party pharma product manufacturers which also includes Trilend Pharmaceuticals Private Limited (Trilend), a Sunrest group company. The company has 43 third-party manufacturers across these states: Gujarat, Punjab, Maharashtra, Haryana, Himachal Pradesh, Uttarakhand and Madhya Pradesh.

Sunrest Lifescience's clientele includes stockists and Super Stockists & in turn, it is available at Chemist shops, Dispensaries, Hospitals, etc.

With 18 Registered Trademarks for 32 products, Sunrest Lifescience is committed to delivering high-quality products to its customers.

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

Key Performance Indicator

The market capitalization of Sunrest Lifescience IPO is Rs 36.05 Cr.

KPI Values
ROE53%
ROCE98%
Debt/Equity0.64
RoNW65.59%
Pre IPO Post IPO
EPS (Rs) 6.81
P/E (x) 12.3312

Objects of the Issue (Sunrest Lifescience IPO Objectives)

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:

1. Meeting Working Capital Requirements

2. General Corporate Purpose

3. Meeting Public Issue Expenses

Sunrest Lifescience IPO Review (May apply)

[Dilip Davda]  The company operates on third party contract model of pharma business. It marked inconsistency in its top lines for the reported periods and sudden surge in bottom lines for the last 15 months’ performance that raises concern over the sustainability. Based on annualized FY24 super earnings, the issue appears fully priced. The small equity post-IPO indicates longer duration for migration to mainboard. Well-informed/cash surplus investors may park funds for the long-term rewards. Read detail review...


Sunrest Lifescience IPO Subscription Status (Bidding Detail)

The Sunrest Lifescience IPO is subscribed 48.54 times on November 9, 2023 7:29:00 PM. The public issue subscribed 65.74 times in the retail category, times in the QIB category, and 29.17 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other29.17
Retail65.74
Total48.54

Total Application : 25,179 (65.74 times)

Sunrest Lifescience IPO Prospectus

Sunrest Lifescience IPO Rating

2
3.0
Rating:Rated 3.0 stars
Vote Here ...

Sunrest Lifescience IPO Listing Details

Listing Date November 20, 2023
BSE Script Code
NSE Symbol SUNREST
ISIN INE0PLZ01012
Final Issue Price ₹84 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹84.00
₹84.00
₹79.80
₹84.00
₹79.80

Check IPO Performance…

Sunrest Lifescience Limited Contact Details

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 Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022
Email: Virenr@Skylinerta.Com
Website: https://www.skylinerta.com/ipo.php

Sunrest Lifescience IPO - Buy or Not

Sunrest Lifescience IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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Sunrest Lifescience IPO FAQs

Sunrest Lifescience IPO is a SME IPO of 1,291,200 equity shares of the face value of ₹10 aggregating up to ₹10.85 Crores. The issue is priced at ₹84 per share. The minimum order quantity is 1600 Shares.

The IPO opens on November 7, 2023, and closes on November 9, 2023.

Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Sunrest Lifescience IPO using UPI as a payment gateway. Zerodha customers can apply in Sunrest Lifescience IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Sunrest Lifescience IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Sunrest Lifescience IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Sunrest Lifescience IPO opens on November 7, 2023 and closes on November 9, 2023.

Sunrest Lifescience IPO lot size is 1600 Shares, and the minimum amount required is ₹134,400.

You can apply in Sunrest Lifescience IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Sunrest Lifescience IPO will be done on Wednesday, November 15, 2023, and the allotted shares will be credited to your demat account by Friday, November 17, 2023. Check the Sunrest Lifescience IPO allotment status.

The Sunrest Lifescience IPO listing date is on November 20, 2023.
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Sunrest Lifescience IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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96 Comments

61. Udayk |   Link |  Bookmark |November 22, 2023 9:07:53 PM (200+ Posts)
Buy at 79 day before..age hold kry ya ???
60. Investing for a better tomorrow |   Link |  Bookmark |November 22, 2023 9:47:44 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Sold my lot at UC today. Exited with a minor loss as the funds were required for the upcoming long-term IPOs...
59. Sanchit Jain |   Link |  Bookmark |November 21, 2023 9:27:46 PM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Dont know why this pattern, but this company looks much better than its prevailing price..
58. GrowYourMoney |   Link |  Bookmark |November 21, 2023 5:35:28 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Sun-Rest kar raha hai ya pataince test kar raha hai.
Disheartening performance
57. Follower |   Link |  Bookmark |November 20, 2023 5:49:22 PM
Hi,
I didn't get any allotment. I also didn't get any mail or message to unblock the money. Now HDFC hasn't unblocked my money.

What to do.... please guide
Thank you
57.1. antarix |   Link |  Bookmark |November 20, 2023 6:40:51 PM
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
Write a mail to both Registrar and the bank asking them to unblock the amount.
56. Noorul |   Link |  Bookmark |November 20, 2023 3:01:26 PM
Didn't applied.. not buying it either.
55. Udayk |   Link |  Bookmark |November 20, 2023 2:28:29 PM (200+ Posts)
Rest at LC..what is future of it?
54. IPOmentor |   Link |  Bookmark |November 20, 2023 12:52:34 PM
It will rest till 60 rupees
53. Justalearner |   Link |  Bookmark |November 20, 2023 11:59:09 AM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Did not apply here. Never thought of applying also. One needs to be careful now in SMEs. The phase has turned. GMP cannot be relied.
Hopefully will turnaround to gv some sort of exit in profit but those looking for listing day exit with profit...they r stuck for a little longer time.
52. PKRAJ |   Link |  Bookmark |November 20, 2023 10:13:57 AM
Was a small size issue. Subscription by retailers 65x and others 29 x. Retailers are taking more risk. Listing at par value and followed by L C. I had not given any comment earlier. To comment now is not good. I had not applied.
However, the members who applied for listing gain are disappointed and held up. For small investors, funds blocked is negative for them. Good IPOs are in line. For small investors everage SMEs are very risky and always better to avoid. For buying for long term, I am not in favor. Other good buy stocks are there. Why to block big amount in such SME. I may be incorrect also.
Good wishes for busy week.
51. scbkc |   Link |  Bookmark |November 20, 2023 9:17:43 AM
BLUE WHALE SIR
please enlighten for your basis of being so bullish
I had put my price at 88 during preopening and could not exit.
i need funds for forthcoming ipos and now i am stuck
51.1. Investing for a better tomorrow |   Link |  Bookmark |November 21, 2023 11:59:53 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Sailing in the same boat, Needed the funds for Tata tech, but now stuck for the foreseeable future.

Had put in 85 as my selling price, taking into account that costs maybe recouped, but never went up after listing.

Sold Inspire films yesterday with minor profits, after waiting for a month and a half for it to do something, But it didn't move much.

GMP is fabricated in mediocre SMEs these days, and drastically drops on e the issue closes, therefore BUYERS BEWARE......
51.2. SurajbhaiStock |   Link |  Bookmark |November 22, 2023 4:29:18 PM
some large fish recommends to buy sunrest and tells to exit from excellent performing rox hitech. dont trust any fish recommendations.
50. G profit |   Link |  Bookmark |November 20, 2023 9:06:15 AM
IPO Mentor IPO Mentor (1000+ Posts, 300+ Likes)
Listing at ipo price and now slightly down. I had applied for listing gains but luckily NOT allotted.
49. BLUE WHALE |   Link |  Bookmark |November 20, 2023 12:49:12 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Buy FF on listing. It will give nice return soon.
Hold if alloted.
49.1. Raju Hiralal Chavda |   Link |  Bookmark |December 3, 2023 7:36:37 PM
Bravo
49.2. Raju Hiralal Chavda |   Link |  Bookmark |December 3, 2023 7:39:02 PM
👏
48. BLUE WHALE |   Link |  Bookmark |November 18, 2023 1:10:06 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
It should become DOUBLE in 3 month.
48.1. Raju Hiralal Chavda |   Link |  Bookmark |December 3, 2023 7:35:47 PM
👏
47. G profit |   Link |  Bookmark |November 16, 2023 9:35:18 PM
IPO Mentor IPO Mentor (1000+ Posts, 300+ Likes)
I hope sunrest does not follow Baba food in listing woes. GMP falling very speedily. Had applied two hni ,but both refund. Best of luck for all allottees. My advice is to quit on listing. But LM is good than that of Baba food. Therefore can expect reasonable listing gains
46. scbkc |   Link |  Bookmark |November 16, 2023 7:12:44 PM
SIRS
when the listing is planned. Can it happen tomorrow
45. GrowYourMoney |   Link |  Bookmark |November 16, 2023 4:55:09 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Sector get attractive
44. antarix |   Link |  Bookmark |November 16, 2023 11:32:04 AM
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
Likely to give around 8-10% gains.
43. BLUE WHALE |   Link |  Bookmark |November 16, 2023 10:29:13 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
15-18
43.1. Raju Hiralal Chavda |   Link |  Bookmark |December 3, 2023 7:34:28 PM
👏
42. INFORM |   Link |  Bookmark |November 16, 2023 6:18:40 AM
Latest GMP please