Sunrest Lifescience Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Sunrest Lifescie

CMP

65.00

-0.50 (-0.76%)

₹84

Offer Price

₹ 10.85 Cr

Issue Size

₹ 1,34,400

Min Investment

1,600

Lot size

Time Line

  • 07
    Nov 2023
    Open
  • 09
    Nov 2023
    Close
  • 15
    Nov 2023
    Finalisation of Basis of Allotment
  • 16
    Nov 2023
    Initiation of Refunds
  • 17
    Nov 2023
    Transfer of Shares to Demat Account
  • 20
    Nov 2023
    Listing Date

Objects of the Offer

  • Increasing our local presence.

  • Strengthen our marketing network.

Strengths

  • Experienced Promoters and Management Team.

  • Wide range of Products.

  • Efficient marketing team.

Risks

  • Its registered office and warehouse from where the company operate, are not owned by it.

  • There are outstanding legal proceedings involving the Company, the Directors and the Promoter.

  • The company relies on third parties for manufacturing of products for the Company.

  • The Company requires significant amount of working capital for a continued growth. Its inability to meet the working capital requirements may have an adverse effect on the company results of operations.

  • The company requires a number of approvals, licences, registrations and permits in the ordinary course of the business and any failure or delay in obtaining the same in a timely manner may adversely affect its operations.

Company Promoters

Promoters Holding

Issue For IPO
28.58%
Pre Holding

94.97%

Post Holding

66.39%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 26.89 (58.60%) 24.64 (-8.40%) 5.28 (-)
Gross Profit 26.89 (58.60%) 24.64 (-8.40%) 5.28 (-)
Net Income 26.89 (58.60%) 24.64 (-8.40%) 5.28 (-)
Assets 26.89 (58.60%) 24.64 (-8.40%) 5.28 (-)
Liabilities 26.89 (58.60%) 24.64 (-8.40%) 5.28 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Sunrest Lifescience Ltd 24.64 2.04 5.26 2.15 5.28 0.00 10.38 1.42 0.41
Trident Lifeline Ltd 31.69 6.02 58.84 58.84 13.18 6.23 39.68 10.22 0.12
Vaishali Pharma Ltd 69.66 6.60 78.90 78.90 20.02 6.26 31.26 8.36 0.41
Chandra Bhagat Pharma Ltd 119.67 0.91 60.58 60.58 3.29 1.20 36.42 1.49 0.69

Book Running Managers

  • Mark Corporate Advisors Pvt Ltd

Registrar & Transfer Agent

Skyline Financial Services Pvt

D-153/A 1st Flr,
Okhla Industrial Are,
Phase-I - New Delhi-110020
Phone : 91-11-26812682 Fax: 91-11-30857562

Company Contact Information

FF-41 Ajaj Tenament 6 Near Can,
-al Nr Ritanagar Sta Vastal Rd,
Ahmedabad - 382415
Phone : +91-079 29918245 Email : info@sunrestlifescience.com www.sunrestlifescience.com

Offer Related Information

Initial public issue of upto 12,91,200 equity shares of face value of Rs. 10.00 each of Sunrest Lifescience Limited (the "Company" or the "Issuer") for cash at a price of Rs. 84/- per equity share including a share premium of Rs. 74/- per equity share (the "Issue Price") aggregating to Rs. 10.85 crores ("The Issue"), of which 65,600 equity shares of face value of Rs. 10.00 each for cash at a price of Rs. 84/- per equity share including a share premium of Rs. 74/- per equity share... More

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