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Sheetal Universal IPO vs Sunrest Lifescience IPO

Comparision between Sheetal Universal IPO and Sunrest Lifescience IPO.

IPO Details

Sheetal Universal IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Sunrest Lifescience IPO is a SME Fixed Price Issue proposed to list at NSE SME.

  Sheetal Universal IPO Sunrest Lifescience IPO
Logo Sheetal Universal IPO Logo Sunrest Lifescience IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At NSE SME NSE SME
Lead Managers Beeline Capital Advisors Pvt Ltd Mark Corporate Advisors Private Limited
Registrar Bigshare Services Pvt Ltd Skyline Financial Services Private Ltd
Market Maker Spread X Securities Private Limited Svcm Securities Private Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Sheetal Universal IPO is up to ₹23.80 Cr whereas the issue size of the Sunrest Lifescience IPO is up to ₹10.85 Cr. The final issue price of Sheetal Universal IPO is ₹70.00 per share and of Sunrest Lifescience IPO is ₹84.00 per share.

  Sheetal Universal IPO Sunrest Lifescience IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹70.00 per share ₹84.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 1600 shares
Fresh Issue Size 34,00,000 shares 12,91,200 shares
Fresh Issue Size (Amount) up to ₹23.80 Cr up to ₹10.85 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 34,00,000 shares 12,91,200 shares
Issue Size Total (Amount) up to ₹23.80 Cr up to ₹10.85 Cr

IPO Timetable

Sheetal Universal IPO opens on Dec 04, 2023, while Sunrest Lifescience IPO opens on Nov 07, 2023. The closing date of Sheetal Universal IPO and Sunrest Lifescience IPO is Dec 06, 2023, and Nov 09, 2023, respectively.

  Sheetal Universal IPO Sunrest Lifescience IPO
Anchor Bid Date
Issue Open Dec 04, 2023 Nov 07, 2023
Issue Close Dec 06, 2023 Nov 09, 2023
Basis Of Allotment (Tentative) Dec 07, 2023 Nov 15, 2023
Initiation of Refunds (Tentative) Dec 08, 2023 Nov 16, 2023
Credit of Share (Tentative) Dec 08, 2023 Nov 17, 2023
Listing date (Tentative) Dec 11, 2023 Nov 20, 2023
Anchor Lockin End date 1 Jan 06, 2024 Dec 15, 2023
Anchor Lockin End date 2 Mar 06, 2024 Feb 13, 2024

Financials

Sheetal Universal IPO P/E ratio is 27.34, as compared to Sunrest Lifescience IPO P/E ratio of 12.33.

  Sheetal Universal IPO Sunrest Lifescience IPO
Financial

Sheetal Universal Limited Financial Information (Restated Consolidated)

Sheetal Universal Limited's revenue increased by 230.49% and profit after tax (PAT) rose by 602.4% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Aug 202331 Mar 202331 Mar 202231 Mar 2021
Assets4,370.032,804.021,602.821,272.15
Revenue5,826.9313,165.683,983.673,883.53
Profit After Tax187.67198.8528.3125.41
Net Worth1,046.89649.22450.37422.07
Reserves and Surplus241.29299.22100.3772.07
Total Borrowing1,463.221,356.24984.80625.07
Amount in ₹ Lakhs

Sunrest Lifescience Limited Financial Information (Restated)

Sunrest Lifescience Limited's revenue decreased by -8.32% and profit after tax (PAT) rose by 162.91% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,706.281,671.371,301.97948.15
Revenue563.582,467.052,690.991,694.91
Profit After Tax75.08204.3177.7116.55
Net Worth386.60311.52107.2029.49
Reserves and Surplus86.6011.52106.2028.49
Total Borrowing347.32214.32323.83231.55
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 95% 100%
Promoter Shareholding (Post-Issue) 66.81% 69.91%
P/E Ratio 27.34 12.33
Market Cap ₹80.19 Cr. ₹36.05 Cr.
ROE 36.17%% 53%%
ROCE 21.59%% 98%%
Debt/Equity 2.09 0.64
EPS ₹2.56 ₹6.81
RoNW 30.63%% 65.59%%

Shares Offered

In the Sheetal Universal IPO retail investors (RII) are offered 16,14,000 shares while in Sunrest Lifescience IPO retail investors are offered 16,14,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Sheetal Universal IPO and 0 shares in Sunrest Lifescience IPO.

  Sheetal Universal IPO Sunrest Lifescience IPO
Anchor Investor Reserveration
Market Maker Reserveration 1,72,000 shares 65,600 shares
QIB 0 shares 0 shares
NII 16,14,000 shares 6,12,800 shares
RII 16,14,000 shares 6,12,800 shares
Employee 0 shares 0 shares
Others
Total 32,28,000 shares 12,25,600 shares

Bids Received (Subscription)

Sheetal Universal IPO subscribed 179.20x in total, whereas Sunrest Lifescience IPO subscribed 48.54x.

  Sheetal Universal IPO Sunrest Lifescience IPO
QIB (times)
NII (times) 212.55x 29.17x
Big NII (times)
Small NII (times)
RII (times) 129.73x 65.74x
Employee (times)
Other (times)
Total (times) 179.20x 48.54x

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