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Sunrest Lifescience IPO vs Swashthik Plascon IPO

Comparison between Sunrest Lifescience IPO and Swashthik Plascon IPO.

IPO Details

Sunrest Lifescience IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Swashthik Plascon IPO is a SME Bookbuilding proposed to list at BSE SME.

 Sunrest Lifescience IPOSwashthik Plascon IPO
LogoSunrest Lifescience IPO LogoSwashthik Plascon IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMEBSE SME
Lead ManagersMark Corporate Advisors Pvt.Ltd.Shreni Shares Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerSvcm Securities Pvt.Ltd.Nikunj Stock Brokers Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Sunrest Lifescience IPO is up to ₹10.30 Cr whereas the issue size of the Swashthik Plascon IPO is up to ₹38.71 Cr. The final issue price of Sunrest Lifescience IPO is ₹84.00 per share and of Swashthik Plascon IPO is ₹86.00 per share.

 Sunrest Lifescience IPOSwashthik Plascon IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹80.00 per share
Issue Price (Upper)₹86.00 per share
Issue Price (Final)₹84.00 per share₹86.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares1600 shares
Fresh Issue Size12,25,600 shares45,00,800 shares
Fresh Issue Size (Amount)up to ₹10.30 Crup to ₹38.71 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total12,25,600 shares45,00,800 shares
Issue Size Total (Amount)up to ₹10.30 Crup to ₹38.71 Cr

IPO Timetable

Sunrest Lifescience IPO opens on Nov 07, 2023, while Swashthik Plascon IPO opens on Nov 24, 2023. The closing date of Sunrest Lifescience IPO and Swashthik Plascon IPO is Nov 09, 2023, and Nov 29, 2023, respectively.

 Sunrest Lifescience IPOSwashthik Plascon IPO
Anchor Bid DateNov 23, 2023
Issue OpenNov 07, 2023Nov 24, 2023
Issue CloseNov 09, 2023Nov 29, 2023
Basis Of Allotment (Tentative)Nov 15, 2023Dec 04, 2023
Initiation of Refunds (Tentative)Nov 16, 2023Dec 05, 2023
Credit of Share (Tentative)Nov 17, 2023Dec 05, 2023
Listing date (Tentative)Nov 20, 2023Dec 05, 2023
Anchor Lockin End date 1Jan 03, 2024
Anchor Lockin End date 2Mar 03, 2024

Financials & KPIs

Sunrest Lifescience IPO P/E ratio is 12.33, as compared to Swashthik Plascon IPO P/E ratio of 17.23.

 Sunrest Lifescience IPOSwashthik Plascon IPO
Financials

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
Total Income563.582,467.052,690.991,694.91
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

Swashthik Plascon Limited Financial Information (Restated Consolidated)

Period Ended30 Sep 202331 Mar 2023
Assets11,416.0911,076.25
Total Income6,973.654,589.10
Profit After Tax528.48302.19
Net Worth2,564.072,037.09
Reserves and Surplus1,281.59754.61
Total Borrowing6,231.665,879.54
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)10060.00
Promoter Shareholding (Post-Issue)69.9143.81
P/E Ratio12.3317.23
Market Cap₹36.05 Cr.₹151.05 Cr.
ROE53%22.78%
ROCE98%17.30%
Debt/Equity0.642.89
EPS₹6.81₹4.99
RoNW65.59%14.95%

Shares Offered

In the Sunrest Lifescience IPO Retail Individual Investors (RII) are offered 6,12,800 shares while in Swashthik Plascon IPO retail investors are offered 6,12,800 shares. Qualified Institutional Buyers (QIB) are offered in Sunrest Lifescience IPO and 9,00,800 shares in Swashthik Plascon IPO.

 Sunrest Lifescience IPOSwashthik Plascon IPO
Anchor Investor Reserveration13,48,800 shares
Market Maker Reserveration65,600 shares2,38,400 shares
QIB9,00,800 shares
NII6,12,800 shares6,75,200 shares
RII6,12,800 shares15,76,000 shares
Employee
Others
Total12,25,600 shares45,00,800 shares

Bids Received (Subscription)

Sunrest Lifescience IPO subscribed 48.54x in total, whereas Swashthik Plascon IPO subscribed 15.43x.

 Sunrest Lifescience IPOSwashthik Plascon IPO
QIB (times)3.42x
NII (times)29.17x35.76x
Big NII (times)
Small NII (times)
RII (times)65.74x13.58x
Employee (times)
Other (times)
Total (times)48.54x15.43x