Sunrest Lifescience IPO : Check GMP, price, Review Other Details

[{"selector":"#anim-f61d322b-5558-4d38-92c1-dd8b72802532","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8a3e75ab-559d-4f3e-9ca9-e02372c182c5","keyframes":{"transform":["translate3d(0px, 61.49041%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-701d0fbc-3e1e-49d4-82a5-6ff7f4c5fea4","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7b4437d4-3bb4-4c83-904b-22d511a05d4d","keyframes":{"transform":["translate3d(0px, 142.81046%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Sunrest Lifescience IPO opens on Nov 7 and closes on Nov 9, 2023 with a fixed price of ₹84 per share.

[{"selector":"#anim-a229e34b-884b-4582-b597-c59c8b6314df","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-daec8f08-0455-48a9-ac48-4e955842d840","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e551bc62-d502-416d-ae47-c9d198ce7287","keyframes":{"transform":["translate3d(0px, 163.71745%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

The IPO size is 12.91 lakh shares aggregating to ₹10.85 crore. Minimum lot size is 1,600 shares for retail investors.

[{"selector":"#anim-9f8eb017-e744-405d-9f8c-3a89f3b48dc8","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f2cafb1f-38b8-432b-8f83-2afd0cd34966","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-353e1630-b1dc-41e4-bbb7-6fe29014e313","keyframes":{"transform":["translate3d(0px, 130.16698%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Grey market premium (GMP) has opened at ₹7 and risen to ₹13, indicating strong investor interest.

[{"selector":"#anim-e5df2dc2-5dd6-48e1-beaf-b3f0c55da450","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5a9bfd58-9819-412b-83bf-c928b8c95956","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b3dd1330-01fe-47b2-b69e-b2fa94a9318b","keyframes":{"transform":["translate3d(0px, 156.92730%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

GMP of ₹13 over IPO price of ₹84 signals a healthy listing premium of 15.48% for the IPO.

[{"selector":"#anim-ec913c0f-ceb1-4007-8d26-c0974ebb99f7","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-003f445c-b679-4c63-ba90-2b0744d87a28","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-294f7382-b385-44d5-8e54-0b3fd7bab562","keyframes":{"transform":["translate3d(0px, 150.13720%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

IPO funds to be utilised for working capital and general corporate purposes. IPO to list on NSE SME platform on Nov 20, 2023.

[{"selector":"#anim-f55966a1-2a87-4446-8155-188f9000f665","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-862f1e08-0709-4e58-80a8-42f5351b38de","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-767f2476-849e-48dc-b996-cfac81931347","keyframes":{"transform":["translate3d(0px, 137.93899%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

The company is engaged in APIs and intermediates for pharmaceutical companies. Promoter shareholding will dilute from 100% to 69.91% post IPO and Mark Corporate Advisors is the lead manager and Skyline Financial Services is the registrar for the IPO.

[{"selector":"#anim-ed0e700c-5656-4597-898c-5939d1a198ae","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7d492d96-f95b-4b9c-87d6-929e46c7af27","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e83cfe95-2594-49b5-8bcc-a46c0ccac451","keyframes":{"transform":["translate3d(0px, 108.17684%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

CLICK HERE TO View more

[{"selector":"#anim-02375847-b9b5-4a6f-b102-81ef45b2491e","keyframes":[{"offset":0,"transform":"translate3d(0, -361.23833%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.29,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.45,"transform":"translate3d(0, -101.580218396%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.61,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.71,"transform":"translate3d(0, -34.534384348%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.8,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.85,"transform":"translate3d(0, -12.968456047000002%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.92,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.96,"transform":"translate3d(0, -5.635317948%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":1,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"}],"delay":0,"duration":1600,"fill":"both"}] Learn more