Sunrest Lifescience IPO vs Vrundavan Plantation IPO

Comparision between Sunrest Lifescience IPO and Vrundavan Plantation IPO.

IPO Details

Sunrest Lifescience IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Vrundavan Plantation IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Sunrest Lifescience IPO	Vrundavan Plantation IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Mark Corporate Advisors Private Limited	Interactive Financial Services Ltd
Registrar	Skyline Financial Services Private Ltd	Kfin Technologies Limited
Market Maker	Svcm Securities Private Limited	Nikunj Stock Brokers 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 Sunrest Lifescience IPO is up to ₹10.85 Cr whereas the issue size of the Vrundavan Plantation IPO is up to ₹15.29 Cr. The final issue price of Sunrest Lifescience IPO is ₹84.00 per share and of Vrundavan Plantation IPO is ₹108.00 per share.

	Sunrest Lifescience IPO	Vrundavan Plantation IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹84.00 per share	₹108.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1200 shares
Fresh Issue Size	12,91,200 shares	14,16,000 shares
Fresh Issue Size (Amount)	up to ₹10.85 Cr	up to ₹15.29 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	12,91,200 shares	14,16,000 shares
Issue Size Total (Amount)	up to ₹10.85 Cr	up to ₹15.29 Cr

IPO Timetable

Sunrest Lifescience IPO opens on Nov 07, 2023, while Vrundavan Plantation IPO opens on Oct 30, 2023. The closing date of Sunrest Lifescience IPO and Vrundavan Plantation IPO is Nov 09, 2023, and Nov 01, 2023, respectively.

	Sunrest Lifescience IPO	Vrundavan Plantation IPO
Anchor Bid Date		Oct 30, 2023
Issue Open	Nov 07, 2023	Oct 30, 2023
Issue Close	Nov 09, 2023	Nov 01, 2023
Basis Of Allotment (Tentative)	Nov 15, 2023	Nov 05, 2023
Initiation of Refunds (Tentative)	Nov 16, 2023	Nov 06, 2023
Credit of Share (Tentative)	Nov 17, 2023	Nov 06, 2023
Listing date (Tentative)	Nov 20, 2023	Nov 06, 2023
Anchor Lockin End date 1	Dec 15, 2023	Dec 05, 2023
Anchor Lockin End date 2	Feb 13, 2024	Feb 03, 2024

Financials

Sunrest Lifescience IPO P/E ratio is 12.33, as compared to Vrundavan Plantation IPO P/E ratio of 34.62.

Sunrest Lifescience IPO

Vrundavan Plantation IPO

Financial

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 Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,706.28	1,671.37	1,301.97	948.15
Revenue	563.58	2,467.05	2,690.99	1,694.91
Profit After Tax	75.08	204.31	77.71	16.55
Net Worth	386.60	311.52	107.20	29.49
Reserves and Surplus	86.60	11.52	106.20	28.49
Total Borrowing	347.32	214.32	323.83	231.55
Amount in ₹ Lakhs

Vrundavan Plantation Limited Financial Information (Restated)

Period Ended	31 May 2023
Assets	2,321.67
Revenue	180.68
Profit After Tax	17.33
Net Worth	413.82
Reserves and Surplus	22.15
Total Borrowing	17.47
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

85.29%

Promoter Shareholding (Post-Issue)

69.91%

62.65%

P/E Ratio

12.33

34.62

Market Cap

₹36.05 Cr.

₹57.59 Cr.

ROE

53%%

8.35%%

ROCE

98%%

6.71%%

Debt/Equity

0.64

0.47

EPS

₹6.81

₹0.52

RoNW

65.59%%

4.19%%

Shares Offered

In the Sunrest Lifescience IPO retail investors (RII) are offered 6,12,800 shares while in Vrundavan Plantation IPO retail investors are offered 6,12,800 shares. Qualified institutional buyers (QIB) are offered 0 shares in Sunrest Lifescience IPO and 0 shares in Vrundavan Plantation IPO.

	Sunrest Lifescience IPO	Vrundavan Plantation IPO
Anchor Investor Reserveration
Market Maker Reserveration	65,600 shares	72,000 shares
QIB	0 shares	0 shares
NII	6,12,800 shares	6,72,000 shares
RII	6,12,800 shares	6,72,000 shares
Employee	0 shares	0 shares
Others
Total	12,25,600 shares	13,44,000 shares

Bids Received (Subscription)

Sunrest Lifescience IPO subscribed 48.54x in total, whereas Vrundavan Plantation IPO subscribed 18.57x.

	Sunrest Lifescience IPO	Vrundavan Plantation IPO
QIB (times)
NII (times)	29.17x	11.60x
Big NII (times)
Small NII (times)
RII (times)	65.74x	25.51x
Employee (times)
Other (times)
Total (times)	48.54x	18.57x

Compare with others

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Vrundavan Plantation IPO	Maitreya Medicare Limited IPO

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