Sunrest Lifescience Limited is engaged in the marketing of OTC generic pharmaceutical products in the domestic market. The company 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 has 18 Registered Trademarks for 32 products.
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.
Sunrest Lifescience IPO – Details
| IPO Opening Date | 07 November 2023 |
| IPO Closing Date | 09 November 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 12,91,200 Shares Worth ₹10.85 Crore Fresh Issue: 12,91,200 Shares Worth ₹10.85 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹84 |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Skyline Financial Services Private Ltd |
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Sunrest Lifescience IPO – Date Schedule
| IPO Open Date | 07 November 2023 |
| IPO Close Date | 09 November 2023 |
| Basis of Allotment | 15 November 2023 |
| Initiation of Refund | 16 November 2023 |
| Credit of Shares to Demat Account | 17 November 2023 |
| IPO Listing Date | 20 November 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Nov 09, 2023 |
Sunrest Lifescience IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1600 | 1,34,400 |
| Retail (Maximum) | 1 | 1600 | 1,34,400 |
| HNI (Minimum) | 2 | 3200 | 2,68,800 |
Competitive Strengths
- Experienced Promoters and Management Team.
- Wide range of Products.
- Efficient marketing team.
Company Promoters
- Mr. Nikhilkumar Y Thakkar
- Mr. Amitbhai Shambhulal Thakkar
- Mr. Bhagyesh Kiritbhai Parekh
- Mr. Bharatkumar V Thakkar
Object Of The Issue
- Meeting Working Capital Requirements.
- General Corporate Purposes.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 16.95 | 16.73 | 0.17 | 2.32 |
| 31 March 2022 | 26.91 | 25.86 | 0.78 | 3.24 |
| 31 March 2023 | 24.67 | 21.93 | 2.04 | 2.14 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 12.33 |
| ROE | 53% |
| ROCE | 98% |
| Debt/Equity | 0.64 |
| EPS (Rs) | 6.81 |
| RoNW | 65.59% |
Sunrest Lifescience IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 69.91% |
Sunrest Lifescience IPO Prospectus
Company Contact Information
| 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 Lead Manager(s)
| 1. Mark Corporate Advisors Private Limited |
Sunrest Lifescience IPO FAQs
| What is Sunrest Lifescience IPO? Sunrest Lifescience IPO is a SME IPO. The issue is priced at ₹84 per equity share. The IPO is to be listed on NSE SME. |
| When Sunrest Lifescience IPO will open? The IPO is to open on 07 November 2023 for Other – 50% and Retail – 50% Investors. |
| How to 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 the Sunrest Lifescience IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Sunrest Lifescience”. Click on 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 5 Paisa. |
| How to Apply the Sunrest Lifescience IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Sunrest Lifescience”. Click on 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 Edelweiss. |
| 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 ₹84. |
| What is Sunrest Lifescience IPO Minimum and Maximum Lot Size? The minimum bid is 1600 Shares with ₹1,34,400 amount while the maximum bid is 1600 shares with ₹1,34,400. |
| What is the Sunrest Lifescience IPO Allotment Date? Sunrest Lifescience IPO allotment date is 15 November 2023. |
| What is the Sunrest Lifescience IPO Listing Date? Sunrest Lifescience IPO listing date is 20 November 2023. The IPO is to list on NSE SME. |
