Sunrest Lifescience IPO GMP, Listing Dates, IPO Price Band, IPO Lot Size

Sunrest Lifescience IPO is set to launch, with the subscription period commencing on November 7,2023 and closing on November 9,2023. This NSE SME IPO aims to raise ₹10.85 crores, with a 100% fresh issue of  1,291,200 equity shares, each with a face value of ₹10. The price band for the Sunrest Lifescience IPO is fixed at ₹84 per share, with a market lot of 1600 shares. The allocation for this IPO is as follows: 50% for retail investors, 50% for high-net-worth individuals (HNI). Sunrest Lifescience IPO Allotment will done on November 9, 2023 and Sunrest Lifescience IPO listing date is November 10, 2023.

Sunrest Lifescience Company Profile

Sunrest Lifescience Limited, established in October 2017, embarked on a journey of growth within the pharmaceutical industry. The company specializes in the distribution of generic OTC pharmaceuticals in the domestic market. Their product portfolio encompasses a variety of pharmaceutical items sourced from third-party manufacturers. Operating across multiple Indian states including Maharashtra, Gujarat, Madhya Pradesh, Orissa, and Rajasthan, Sunrest Lifescience Limited offers a range of branded and registered products.

Their diverse product offerings span capsules, tablets, syrups, ointments, gels, mouthwashes, solutions, suspensions, dry powders, and toothpaste. This comprehensive product range includes pharmaceutical categories such as antibacterial, antidiarrheal, antifungal, antidiabetic, dental, antiprotozoal, antihistamine, antihypertensive, cosmetic, antiparasitic, multivitamin, multimineral, nutraceutical, and anti-inflammatory products. The company holds 18 registered trademarks for a total of 32 products.

Sunrest Lifescience Limited’s products are distributed to specialty retailers and wholesalers, making them accessible in pharmacies, drugstores, hospitals, and more.

The company receives support from affiliated firms and various third-party manufacturers who collaborate on either a contract manufacturing or contract basis, depending on customer requirements.

Sunrest Lifescience IPO GMP

Sunrest Lifescience IPO Objectives

The funds raised through the IPO will be utilized for:

1. Meeting Working Capital Requirements
2. General Corporate Purpose
3. Meeting Public Issue Expenses

Sunrest Lifescience IPO Key Details

• Sunrest Lifescience IPO Open Date: November 7, 2023
• Sunrest Lifescience IPO Close Date: November 9, 2023
• Sunrest Lifescience IPO Size: Approximately ₹10.85 Crores, 1,291,200 Equity Shares
• Face Value: ₹10 Per Equity Share
• Sunrest Lifescience IPO Price Band: ₹84 Per Equity Share
• Sunrest Lifescience IPO Listing on: NSE SME
• Retail Quota: 50% of the net offer
• NII Quota: 50% of the net offer

Sunrest Lifescience IPO Timeline

• Sunrest Lifescience IPO Open Date: November 7, 2023
• Sunrest Lifescience IPO Close Date: November 9, 2023
• Basis of Allotment: November 15, 2023
• Refunds: November 16, 2023
• Credit to Demat Account: November 17, 2023
• Sunrest Lifescience IPO Listing Date: November 20, 2023

How to Apply for Sunrest Lifescience IPO

Investors can apply for the Sunrest Lifescience IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.

Sunrest Lifescience Financial Performance (in Crores)

• 2021: Revenue ₹169.49, Expense ₹,167.16 Profit (PAT) ₹1.66
• 2022: Revenue ₹269.10, Expense ₹261.33, Profit (PAT) ₹7.77
• 2023: Revenue ₹246.71, Expense ₹226.27, Profit (PAT) ₹20.43
• 2023 (5M): Revenue ₹56.36, Expense ₹48.85, Profit (PAT) ₹7.51

Sunrest Lifescience Valuation  FY2023

• Earnings Per Share (EPS): ₹6.81 per Equity Share
• Price/Earnings (P/E) Ratio: NA
• Return on Net Worth (RoNW): 65.59%
• Net Asset Value (NAV): ₹10.38 per Equity Share

Sunrest Lifescience Peer Group

• Trident Lifeline Limited
• Vaishali Pharma Limited
• Chandra Bhagat Pharma Limited

Sunrest Lifescience Company Promoters

• Mr. Nikhilkumar Y Thakkar
• Mr. Amitbhai Shambhulal Thakkar
• Mr. Bhagyesh Kiritbhai Parekh
• Mr. Bharatkumar V Thakkar

Sunrest Lifescience IPO Registrar

Skyline Financial Services Private Ltd
D-153A, 1st Floor,
Okhla Industrial Area, Phase-I,
New Delhi -110020
Website: https://www.skylinerta.com/ipo.php
Phone: 02228511022
Email: Virenr@Skylinerta.Com

 

Sunrest Lifescience IPO Allotment Status Check

• Check the Sunrest Lifescience IPO allotment status on the Skyline Financial Services website.

Sunrest Lifescience IPO Lead Managers (Merchant Bankers)

• Mark Corporate Advisors Private Limited

 

Sunrest Lifescience Company Address

FF-41, Ajay Tenament-6, Near Canal Near Ritanagar Bus Stand
Vastral Road, Ahmedabad ,Gujarat-382 415
India
Website: https://sunrestlifescience.com/
Phone: +91-079 – 29918245
Email: info@sunrestlifescience.com

 

Sunrest Lifescience IPO FAQs

 

What is Sunrest Lifescience IPO?

Sunrest Lifescience IPO is an NSE SME IPO. They are going to raise ₹10.85 Crores via IPO. The issue is priced at ₹81 per equity share. The IPO is to be listed on NSE.

When Sunrest Lifescience IPO will open?

The IPO is to open on November 7, 2023 for NII, and Retail Investors.

What is Sunrest Lifescience IPO Investors Portion?

The investors’ portion for QIB is [.]%, NII is 50%, and Retail is 50%.

How to Apply the Sunrest Lifescience IPO?

You can apply Sunrest Lifescience IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply Sunrest Lifescience IPO through Zerodha?

For those using Zerodha, the application process involves logging into the Zerodha Console, selecting the IPO under the Portfolio section, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with Zerodha may be necessary for some applicants. Open Demat Account with Zerodha.

How to Apply the Sunrest Lifescience IPO through Alice Blue?

Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.

How to Apply for the Sunrest Lifescience IPO through Motilal Oswal?

Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.

What is Sunrest Lifescience IPO Size?

Sunrest Lifescience IPO size is ₹10.85 crores.

What is Sunrest Lifescience IPO Price Band?

Sunrest Lifescience IPO Price Band is ₹81 per equity share.

What is Sunrest Lifescience IPO Minimum and Maximum Lot Size?

The IPO bid is 1600 shares with ₹134,400.

What is Sunrest Lifescience IPO Allotment Date?

Sunrest Lifescience IPO allotment date is November 15, 2023.

What is Sunrest Lifescience IPO Listing Date?

Sunrest Lifescience IPO listing date is November 20, 2023. The IPO to list on NSE SME.