Sunrest Lifescience Limited

Company Profile
Company Name Sunrest Lifescience Limited
Open Date 07-11-2023
Close Date 09-11-2023
Exchange NSE SME
Lot Size 1,600 Shares
Issue Price ₹84 per share
Issue Size 1,291,200 shares
Application Amount ₹1,34,400
Recommendation Avoid
Sunrest Lifescience Limited was originally established as a partnership firm in the year 2017 and has its registered office in Ahmedabad, Gujarat. The company is engaged in the marketing of OTC generic pharmaceutical products in the domestic market. The company offer range of pharmaceutical products manufactured by third party manufacturers. Company operate in different States of India such as Maharashtra, Gujarat, Madhya Pradesh, Orissa and Rajasthan. As on the date of Prospectus, the company had 171 employees on its payroll.
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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-22 Mar-23 June-23
Total Assets 1,301.98 1,671.37 1,706.29
Net Assets 107.20 311.52 386.60
Total Borrowings 323.83 214.32 347.32
Total Revenue 2,690.99 2,467.05 563.58
Profit After Tax 77.71 204.32 75.08

Tentative Timeline

Opening Date 07-11-2023
Closing Date 09-11-2023
Basis of Allotment 15-11-2023
Initiation of Refunds 16-11-2023
Credit of Shares to Demat 17-11-2023
Listing Date 20-11-2023

Objects of the Issue

Meeting Working Capital Requirements.
General Corporate Purpose.
Meeting Public Issue Expenses.

Contact Information

Registered Office Sunrest Lifescience Limited - FF-41, Ajay Tenament-6, Near Canal Near Ritanagar, Bus Stand Vastral Road, Ahmedabad-382415
Phone +91-079 - 29918245

Registrar Details

Name Skyline Financial Services Private Ltd
Phone 02228511022
Email Virenr@Skylinerta.Com

IPO Reservation

Retail Shares Offered 50% of the Net issue
Other Shares Offered 50% of the Net issue

Shareholding Pattern

Share Holding Pre Issue(Promoters) 100.00%
Share Holding Post Issue(Promoters) 69.91%

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