What is the issue size of Sunrest Lifescience IPO?

The issue size of the Sunrest Lifescience IPO is Rs 10.85 cr

What is 'pre-apply' for Sunrest Lifescience IPO?

Pre-apply will alow you to apply for the Sunrest Lifescience IPO 2 days before the subscription period starts.

If I pre-apply for Sunrest Lifescience IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Sunrest Lifescience IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Sunrest Lifescience IPO order is placed?

We will notify you when your Sunrest Lifescience IPO order is placed with the exchange.

What are the open and close dates of the for Sunrest Lifescience IPO?

Sunrest Lifescience IPO will be open between 7 Nov - 9 Nov, 2023.

What is the lot size and minimum order quantity of the Sunrest Lifescience IPO?

Sunrest Lifescience Limited IPO lot size is 1600 shares.

What are the allotment dates for the Sunrest Lifescience IPO?

Sunrest Lifescience IPO allotment date is 15 Nov, 2023. For Sunrest Lifescience IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Sunrest Lifescience IPO?

Sunrest Lifescience IPO registrar is Skyline Financial Services Private Ltd. You can check Sunrest Lifescience IPO allotment status on the website of the registrar.

Where is the Sunrest Lifescience IPO getting listed?

The shares are proposed to be listed on NSE SME.

Sunrest Lifescience IPO

Sunrest Lifescience Limited

₹1,34,400 /1600 sharesMinimum Investment

Sunrest Lifescience IPO Listing DetailsListed OnIssue Price
NSE₹84.00
Sunrest Lifescience IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
7 Nov ‘23 - 9 Nov ‘23₹1,34,4001,600₹84 - ₹84
Issue SizeIPO Doc
10.85CrRHP PDF
About Sunrest LifescienceIncorporated in 2017, Sunrest Lifescience operates in the domestic market, focusing on marketing OTC generic pharmaceutical products. They offer a variety of pharmaceutical products sourced from third-party manufacturers. The company has a presence in different states of India, including Maharashtra, Gujarat, Madhya Pradesh, Orissa, and Rajasthan. Their presence in these states is established through both trademark-registered products and products currently under registration.
Sunrest Lifescience deals in various pharmaceutical products, including capsules, tablets, syrup, ointment, gel, mouthwash, solution, suspension, dry powders, and toothpaste. Their product portfolio encompasses a broad spectrum of drugs, such as anti-bacterial, anti-diarrheal, antifungal, anti-material, anti-diabetic, dental cure, anti-protozoal, anti-histamine, anti-hypertensive drugs, cosmetic, anti-parasitic, multivitamin, multimineral, nutraceutical, and anti-inflammatory medications. The company holds 18 registered trademarks for 32 different products.
The company’s products are distributed to stockists and super stockists, and they, in turn, make these products available in chemist shops, dispensaries, hospitals, and other similar establishments.
;
Parent Organisation
Sunrest Lifescience Limited
Founded
2017
Managing Director
Mr. Nikhilkumar Y Thakkar
Strengths & Risks
Sunrest Lifescience holds 18 registered trademarks for 32 different products. 
It specializes in a variety of healthcare products, including capsules, tablets, liquid ointments, gels, ice gels, mouthwashes, pastes, solutions, suspensions, dry powders, and toothpaste. 
Their extensive product range encompasses various drug categories, such as antibacterial, antidiarrheal, antifungal, antimalarial, antidiabetic, dental care, proton pump inhibitors, antiprotozoal, antihistamine, antihypertensive, antilipidemic drugs, antiparasitic, multivitamins, multimineral nutraceuticals, and non-steroidal anti-inflammatory drugs (NSAIDs). 
Currently, Sunrest Lifescience operates in five states: Maharashtra, Gujarat, Madhya Pradesh, Orissa, and Rajasthan. They collaborate with third-party manufacturers in these locations, with a total of 43 third-party manufacturers across these states. They plan to extend their geographical reach soon. 
Sunrest Lifescience is currently involved in various legal proceedings involving the company, its directors, and its promoter. The company is also entangled in tax-related matters, specifically with two pending cases in the Income Tax department.
Sunrest Lifescience heavily relies on third-party manufacturers for its production. This dependence exposes the company's business activities to fluctuations in the prices of raw materials.
In the past year, the company issued equity shares at a price lower than the original Issue Price.
As of June 30, 2023, Sunrest Lifescience has borrowed an unsecured loan of Rs. 3.23 crore, subject to repayment on demand. Any such demand from lenders may adversely impact the company's cash flow and financial condition.
Recent financial records reveal negative cash flow from the company's operating activities. Sustained negative cash flow could potentially harm the company's business, financial health, and operational results.
The company typically conducts business with its customers on a purchase-order basis, avoiding long-term contracts with most of them.
For product delivery, Sunrest Lifescience depends on third-party transportation services. Any disruptions in their operations or a decline in service quality could impact the company's reputation and operational results.
As of June 30, 2023, the company has non-funded contingent liabilities totaling Rs. 0.38 crore. These liabilities encompass claims against the company and equity commitments related to an existing investment.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹84 - 84₹2 Lakh
High Networth Individual₹84 - 84₹2 - 5 Lakh
For Sunrest Lifescience IPO, eligible investors can apply as Regular.

Listed On	Issue Price
NSE	₹84.00

Bidding Dates	Min. Investment	Lot Size	Price Range
7 Nov ‘23 - 9 Nov ‘23	₹1,34,400	1,600	₹84 - ₹84

Issue Size	IPO Doc
10.85Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹84 - 84	₹2 Lakh
High Networth Individual	₹84 - 84	₹2 - 5 Lakh

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