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Sunrest Lifescience Limited IPO Detail

Sunrest Lifescience Limited IPO Detail

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.

Company Promoters

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

IPO Details

IPO Opening DateNov 07, 2023
IPO Closing DateNov 09, 2023
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price ₹84 per equity share
Market Lot1600 Shares
Min Order Quantity1600 Shares
Listing AtNSE SME
Issue Size₹10.85 Cr
Fresh Issue₹10.85 Cr
Offer for Sale-
Retail Portion 50%

IPO Subscription (Bidding Detail)

Day 1 0.62x 5.79x - 3.21x
Day 2 2.67x 19.78x - 11.23x
Day 3 29.17x 65.74x - 48.54x

IPO Tentative Timetable

The Sunrest Lifescience Limited IPO open date is Nov 07, 2023, and the close date is Nov 09, 2023. The issue may list on Nov 20, 2023.

IPO Open DateNov 07, 2023
IPO Close DateNov 09, 2023
Basis of Allotment DateNov 15, 2023
Initiation of RefundsNov 16, 2023
Credit of Shares to Demat AccountNov 17, 2023
IPO Listing DateNov 20, 2023

IPO Lot Size

The Sunrest Lifescience Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹134400).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding69.91%

Company Financials:

For the year/period ended (₹ in Lakhs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-21 948.15 1694.91 16.55
31-Mar-22 1301.97 2690.99 77.71
31-Mar-23 1671.37 2467.05 204.31

Objects of the Issue:

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 Limited IPO Registrar:

Skyline Financial Services Private Ltd

Sunrest Lifescience Limited IPO Lead Manager(s):

Mark Corporate Advisors Private Limited

Company Contact Information:

Sunrest Lifescience Limited

FF-41, Ajay Tenament-6,

Near Canal Near Ritanagar, Bus Stand Vastral Road,