Sunrest Lifescience IPO- Issue subscribed more than 45 times on final day of bidding

Sunrest Lifescience IPO – The initial public offering (IPO) of Sunrest Lifescience small and medium enterprises (SME) opened for subscription on Tuesday, November 7, 2023 and closed on November 9, 2023.

Sunrest Lifescience Limited is engaged in the marketing of generic pharmaceutical products over the counter (OTC) in the domestic market.

Sunrest Lifescience offers a range of pharmaceutical products manufactured by third party manufacturers. Sunrest Lifescience operates in various States of India such as Maharashtra, Gujarat, Madhya Pradesh, Orissa and Rajasthan. Sunrest Lifescience has a presence in these States through Trademark registered and/or pending products.

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The founders of Sunrest Life Science are Mr. Nikhilkumar Y Thakkar, Mr. Amitbhai Shambhulal Thakkar, Mr. Bhagyesh Kiritbhai Parekh and Mr. Bharatkumar V Thakkar

Here are the top 10 things to know about the Sunrest Lifescience IPO:

Sunrest Lifescience IPO Dates – Sunrest Lifescience opened for subscription on Tuesday, November 7, 2023 and closed on November 9, 2023.

Sunrest Lifescience IPO Price. The issue price for Sunrest Lifesciences IPO was set at 84 per share of the face value of 10 each.

Sunrest Lifescience IPO Lot Size – The minimum lot size for Sunrest Lifescience IPO application is 1600 shares. However 2 lots (3,200 shares) are equivalent to 2 lots in the Sunrest Lifescience IPO for the HNI. 268,800.

Sunrest Lifescience IPO Details: Sunrest Lifescience IPO is a book-raised issue 10.84 Aperture. Sunrest Lifescience has issued 12,91,200 new Equity Shares.

Sunrest Lifescience IPO Booking – The issue offers 612,800 shares to retail investors, 612,800 shares to other investors. The other investors include applicants other than retail ie. HNI, corporations, institutions, (NII and QIB).

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Sunrest Lifescience IPO Objectives – Sunrest Lifescience will use the proceeds from the issue to meet its working capital requirements, general corporate objectives and public issue expenses.

Lead Manager and Registrar Sunrest Lifescience IPO- Mark Corporate Advisors Private Limited is the lead book manager for the Sunrest Lifescience IPO. Skyline Financial Services Private Limited is the registrar of the Sunrest Lifesciences IPO.

Sunrest Lifescience IPO provisional listing- The allotment for the Sunrest Lifescience IPO is expected to close on Wednesday, November 15, 2023.

Sunrest Lifescience’s IPO is likely to see SME listing on the bourses with a provisional registration date set as Monday, November 20, 2023.

Sunrest Lifescience IPO Subscription Status -On the last day of the offer, as per the NSE at 6 PM, the Sunrest Lifescience IPO had seen bids for 5,82,30,400, which is 45.1 times more than the offered and reserved shares.

Sunrest LifeScience IPO GMP today

Sunrest Lifescience IPO was GMP today or gray market premium 15, which meant Sunrest Lifescience shares were trading 15 above its issue price 84 according to

A ‘grey market premium’ indicates the willingness of investors to pay more than the issue price.

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Updated: 09 November 2023, 06:53 PM IST

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