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News Details

02/11/2023 11:50

Sunrest Lifescience announces launch of initial public offering

Sunrest Lifescience Ltd. has announced public offering of 1291200 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 74.00 per share. The gross proceeds of the issue are expected to be Rs 1,084.61 lakhs.

The company's initial public offer (IPO) will open on 07 November 2023 and is expected to close on 09 November 2023, subject to customary closing conditions.

The IPO includes a fresh Issue of 1291200 Equity Shares of the Company at an price of Rs 84.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.

Sunrest Lifescience Ltd. anticipates using the proceeds of the issue for .

Mark Corporate Advisors Pvt. Ltd. as lead manager & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.