Sunrest Lifescience Ltd - IPO

Sunrest Lifescience Ltd IPO Details

Initial public issue of upto 12,91,200 equity shares of face value of Rs. 10.00 each of Sunrest Lifescience Limited (the Company or the Issuer) for cash at a price of Rs. 84/- per equity share including a share premium of Rs. 74/- per equity share (the Issue Price) aggregating to Rs. 10.85 crores (The Issue), of which 65,600 equity shares of face value of Rs. 10.00 each for cash at a price of Rs. 84/- per equity share including a share premium of Rs. 74/- per equity share aggregating to Rs. 0.55 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 12,25,600 equity shares of face value of Rs. 10.00 each at a price of Rs. 84/- per equity share including a share premium of Rs. 74/- per equity share aggregating to Rs. 10.30 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 30.09 % and 28.56% respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10.00 and the issue price is Rs. 84/- the issue price is 8.4 times of the face value.

Objective of issue

Meeting working capital requirements. General corporare purposes.

Sunrest Lifescience Ltd Contact Details

Sunrest Lifescience Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 91-11-26812682

Fax - 91-11-30857562

Email - info@sunrestlifescience.com

Website - www.sunrestlifescience.com