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Open
21 Jun 2019
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Close
26 Jun 2019
3
Allotment
—
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Listing
Thu, Jul 4, 2019
Price Band
₹36 per share
Issue Size
18,48,000 shares (agg. up to ₹7 Cr)
Lot Size
3,000 Shares
Listing Date
Thu, Jul 4, 2019
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.43x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2018 | 31 Mar 2018 | 31 Mar 2017 | 31 Mar 2016 |
|---|---|---|---|---|
| Assets | 27.41 | 20.53 | 11.08 | 8.79 |
| Total Income | 34.50 | 35.85 | 23.69 | 18.63 |
| Profit After Tax | 0.87 | 0.86 | 0.16 | 0.10 |
| EBITDA | 1.93 | 1.47 | 0.31 | 0.47 |
| NET Worth | 5.08 | 4.21 | 1.53 | 1.37 |
| Reserves and Surplus | 4.77 | 3.90 | 1.42 | 1.26 |
| Total Borrowing | 7.89 | 7.23 | 2.08 | 1.90 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Parshva Enterprises Ltd. | SME | ₹3.65 Cr | ₹45 | null | ₹46.00 | +2.22% | ₹173.90 (+4.07%) |
| White Organic Retail Ltd. | SME | ₹15.46 Cr | ₹63 | null | ₹64.30 | +2.06% | ₹7.20 (+3.45%) |
| Northern Spirits Ltd. | SME | ₹18.50 Cr | ₹43 | null | ₹43.10 | +0.23% | ₹133.00 (+2.98%) |
| Gleam Fabmat Ltd. | SME | ₹3.12 Cr | ₹10 | null | ₹8.55 | -14.50% | ₹22.00 (-4.80%) |
| Diksha Greens Ltd. | SME | ₹13.32 Cr | ₹30 | null | ₹35.90 | +19.67% | ₹1.10 (+1.85%) |
| Roni Households Ltd. | SME | ₹3.00 Cr | ₹20 | null | ₹20.50 | +2.50% | ₹39.90 (+5.00%) |
| Sun Retail Ltd. | SME | ₹10.12 Cr | ₹23 | null | ₹37.80 | +64.35% | ₹0.28 (+0.00%) |
| AKG Exim Ltd. | SME | ₹5.52 Cr | ₹31 | null | ₹32.00 | +3.23% | ₹9.99 (-4.49%) |
| MSTC Ltd. | Mainboard | ₹211.04 Cr | ₹120 | null | ₹113.95 | -5.04% | ₹631.85 (-3.01%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital requirement | 5.00 |
| 2 | General Corporate Purpose | 0.86 |
| 3 | To meet Issue Expenses | 0.79 |
About Earum Pharmaceuticals IPO
Incorporated in 2012, Ahmedabad-based Earum Pharmaceuticals Limited is engaged in trading, marketing, distribution of pharmaceutical formulation products. The company has 125 drugs formulation products including multivitamins, gynaecology drugs, steroids, anti-biotic drugs, cerebral activator drugs, gastrointestinal drugs, etc. The company is also involved in the trading business of active pharmaceutical ingredients (API's) including Amoxicillin Trihydrate IP, Levofloxacin Hemihydrate IP and Albendazole IP. Earum Pharmaceuticals is primarily engaged in two types of business activities; marketing of its own formulations products and trading of other brands' generic formulations. Currently, it has around 24 products which are manufactured by 3rd parties and marketed by the company under its brand name. It has a warehouse at Ahmedabad, Gujarat equipped with all amenities to process business operations smoothly. The company has a domestic and international presence across South East Asia, Latin America and Africa. Future goals of Earum Pharmaceuticals Ltd are:1. Make global presence more prominent2. Enhance customer satisfaction by improving market skills3. Deal in quality standard pro
Contact Details
Earum Pharmaceuticals Ltd. AddressG1, Ground Floor, V R ComplexNear Sanathal Cross Road, SP Ring RoadSanathalAhmedabad, Gujarat, 382210+91-79-48402525cs@earumpharma.comVisit Website