Sunrest Lifescience Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

07 Nov 2023

Close Date

09 Nov 2023

Allotment

15 Nov 2023

Listing Date

20 Nov 2023

Exchange

NSE SME

Price Band

₹84

Listing Price

See chart

Allotment Status

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Price Band

₹84

Per share

Face Value

₹10 per share

Lot Size

1,600 Shares

per lot

Issue Size

12,91,200 shares (aggregating up to ₹10.85 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹134,400

1 lot

Pre-IPO Holding

30,00,000 shares

Promoters

Post-IPO Holding

42,91,200 shares

Promoters

P/E (Pre)

12.33x

P/E (Post)

12x

EPS (Pre)

₹6.81

UPI Deadline

2023-11-09

Mandate

Anchor AllotmentMon, 06 Nov 2023

Basis of AllotmentWed, 15 Nov 2023

Refund InitiationThu, 16 Nov 2023

Demat CreditFri, 17 Nov 2023

Listing DayMon, 20 Nov 2023

UPI Mandate Deadline2023-11-09

Sale TypeFresh Capital

Net Offer to Public12,25,600 shares (aggregating up to ₹10.30 Cr)

Market Maker Quota65,600 shares (aggregating up to ₹0.5510 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Sunrest Lifescience Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 09 Nov 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	65,600	—	₹0.55
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	1,291,200	100%	₹10.85

IPO Shares Offered

Sunrest Lifescience Ltd IPO total issue size: ₹10.85 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	65,600	₹0.55	5.08%
Total	1,291,200	₹10.85	100.00%

* Based on upper price band ₹84 per share

Lot Size & Investment

Lot Size

1,600

Shares per Lot

Issue Price

₹84.00

Upper Band

Min Investment

₹134,400

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	3,200	₹268,800
Retail (Max — 13 Lots)	13	20,800	₹1,747,200
S-HNI (Min — 14 Lots)	14	22,400	₹1,881,600
B-HNI (Min — 68 Lots)	68	108,800	₹9,139,200

* Issue Price ₹84 × Lot Size 1,600 shares

IPO Schedule

Anchor

06 Nov 2023

✓ Done

IPO Open

07 Nov 2023

✓ Done

IPO Close

09 Nov 2023

✓ Done

Allotment

15 Nov 2023

✓ Done

Refunds

16 Nov 2023

✓ Done

Demat Credit

17 Nov 2023

✓ Done

Listing Day

20 Nov 2023

✓ Done

₹84.00

INR · NSE

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Issue ₹84.00 Live Price

About Sunrest Lifescience Ltd

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.

Objects of the Issue

Meeting Working Capital Requirements

General Corporate Purpose

Sunrest Lifescience Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹2,691.0

31 Mar 2022

₹2,467.1

31 Mar 2023

₹563.6

30 Jun 2023

Profit After Tax (PAT)

₹77.7

31 Mar 2022

₹204.3

31 Mar 2023

₹75.1

30 Jun 2023

Particulars	30 Jun 2023	31 Mar 2023	31 Mar 2022
Revenue from Operations	563.58	2467.05	2690.99
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	75.08	204.31	77.71
Net Worth	386.60	311.52	107.20
Total Assets	1706.28	1671.37	1301.97
Reserves & Surplus	86.60	11.52	106.20
Borrowings	347.32	214.32	323.83
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoE

53%

RoCE

98%

RoNW

65.59%

Debt/Equity

0.64

Issue Structure & Shareholding

Total Shares Offered12,91,200 (100.00%)

Net Offer to Public12,25,600 shares (aggregating up to ₹10.30 Cr)

Reserved for Market Maker65,600 shares (aggregating up to ₹0.5510 Cr)

Pre-Issue Promoter Holding30,00,000 shares

Post-Issue Promoter Holding42,91,200 shares

P/BV RatioN/A

RoE53%

RoCE98%

Debt / Equity0.64

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Skyline Financial Services Pvt.Ltd.

02228511022

Virenr@Skylinerta.Com

https://www.skylinerta.com/ipo.php

Check Allotment

Book Running Lead Managers

Mark Corporate Advisors Pvt.Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Sunrest Lifescience Ltd IPO subscribed? ▲

Sunrest Lifescience Ltd IPO is subscribed 1.00 times by Nov 09, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Sunrest Lifescience Ltd IPO retail subscription status? ▼

The Sunrest Lifescience Ltd IPO retail category is subscribed 1.00 times as of 09 Nov 2023. The retail portion is oversubscribed.

How to subscribe Sunrest Lifescience Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 07 Nov 2023 and closes 09 Nov 2023. Min investment: ₹134,400 (1 lot = 1,600 shares). UPI mandate: 2023-11-09.

How many times Sunrest Lifescience Ltd IPO subscribed? ▼

The Sunrest Lifescience Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Sunrest Lifescience Ltd IPO allotment? ▼

Check allotment on the registrar website (Skyline Financial Services Pvt.Ltd.) at https://www.skylinerta.com/ipo.php. Enter your PAN, application number or DP/Client ID. Allotment date: 15 Nov 2023. Refunds: on 16 Nov 2023.

When Sunrest Lifescience Ltd IPO will be listed? ▼

The Sunrest Lifescience Ltd IPO listing date is 20 Nov 2023, Monday. Listed on: NSE SME. Issue price: ₹84. Estimated listing: ₹84. GMP: NIL.

When Sunrest Lifescience Ltd IPO close? ▼

The Sunrest Lifescience Ltd IPO closes on 09 Nov 2023, Thursday. UPI mandate: 2023-11-09. Allotment: 15 Nov 2023. Listing: 20 Nov 2023.

Quick Actions

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Live Price LIVE

Last Price₹84.00

Change—

Issue Price₹84.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹84

Face Value₹10

Lot Size1,600 Sh

Min. Amount₹134,400

GMPNIL

Est. Listing₹84

Subscribed1.00x

Open Date07 Nov 2023

Close Date09 Nov 2023

Allotment15 Nov 2023

Listing Date20 Nov 2023

ExchangeNSE SME

UPI Deadline2023-11-09