Sunrest Lifescience Limited IPO

Price
₹84
Lot
1600
Subs.
48.54
Expected Listing Earning

Exp. Premium(GMP):
13.00(15.48%)
IPO Details

Open Date: 07-Nov-2023
Close Date: 09-Nov-2023
Allotment Date: 15-Nov-2023
Listing Date: 20-Nov-2023
Listing Price: ₹71/-
Face Value: ₹10 Per Equity Share
Issue Price: ₹84 Per Equity Share
Issue Size: Total Issue Size 1,291,200 shares (aggregating up to ₹10.85 Cr) : Fresh Issue 1,291,200 shares (aggregating up to ₹10.85 Cr)
Market Lot (Min Amount): Retail - ₹134,400 : HNI - ₹268,800
Subscription Details Updated at End of the Day

As on

QIB / Nll

Rll

Total

Shares Offered/Reserved612,800612,8001,225,600
Day 1 - 07-11-23 
05:00 PM
0.62x5.86x3.24x
Day 2 - 08-11-23 
05:00 PM
2.67x19.88x11.28x
Day 3 - 09-11-23 
05:00 PM
29.17x65.74x48.54x
Total No. of Application:25,179 (Approx.)
Retail Subscription on the basis of Apps:65.74x
Valuations

Earning Per Share(EPS)6.81/-
P/E Ratio12.33
RoNW65.59%
Net Asset Value (NAV) - Post Issue:₹N/A/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Mar,20231,671.372,467.05204.31
31 Mar,20221,301.972,690.9977.71
31 Mar,2021948.151,694.9116.55
Promoter(s)

Pre Issue Share Holding100%
Post Issue Share Holding69.91%
Company Promoter(s)
1. Mr. Nikhilkumar Y Thakkar
2. Mr. Amitbhai Shambhulal Thakkar
3. Mr. Bhagyesh Kiritbhai Parekh
4. Mr. Bharatkumar V Thakkar
Issue Objective(s)

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

About Company

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.

Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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Thank you.