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Remus Pharmaceuticals IPO IPO

SME17 May 202319 May 2023
Open
17 May 2023
Close
19 May 2023
3
Allotment
Listing
Mon, May 29, 2023
Price Band
₹1150 to ₹1229
Issue Size
3,88,000 shares (agg. up to ₹48 Cr)
Lot Size
100 Shares
Listing Date
Mon, May 29, 2023
Latest GMP
₹575
Est. Gain
46.79%
✦ AI Insight

GMP Trend

29-05-2023575Est. ₹1804+46.79%
28-05-2023575Est. ₹1804+46.79%
27-05-2023575Est. ₹1804+46.79%

Live Subscription

CategorySubscription (times)
Total42.54x

Restated Financials (₹ Cr.)

Period Ended31 Dec 202231 Mar 202231 Mar 202131 Mar 2020
Assets33.5315.9111.055.30
Total Income33.6125.4419.2212.77
Profit After Tax6.443.391.030.81
NET Worth17.126.433.052.02
Reserves and Surplus16.045.433.042.01
Total Borrowing9.470.190.280.36
Amount in ₹ Crore

Peer Comparison

CompanyIssue TypeIssue SizeIssue PricePE RatioListing Day CloseListing Gain/Loss %LTP
Infinium Pharmachem Ltd.SME₹25.25 Cr₹1357.83₹147.80+9.48%₹206.05 (-3.04%)
Sotac Pharmaceuticals Ltd.SME₹33.30 Cr₹111132.14₹120.75+8.78%₹95.10 (-4.90%)
Trident Lifeline Ltd.SME₹35.34 Cr₹10151.53₹108.15+7.08%₹260.90 (+1.89%)
Dipna Pharmachem Ltd.SME₹15.21 Cr₹3839₹33.40-12.11%₹5.40 (-0.74%)
JFL Life Sciences Ltd.SME₹18.17 Cr₹6126.52₹66.50+9.02%₹11.00 (+3.77%)
Mankind Pharma Ltd.Mainboard₹4,326.36 Cr₹108032.5₹1,080.00+0.00%₹2,546.00 (-0.06%)

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1To Meet Working Capital Requirements30.30
2Funding investments for acquisitions and general corporate purposes16.38
3Public Issue Expenses1.00

About Remus Pharmaceuticals IPO

Incorporated in 2015, Remus Pharmaceuticals Limited is engaged in the marketing and distributing of finished formulations of pharmaceutical drugs. The product offerings of the company can be classified into two major categories: APIs: Active Pharmaceutical Ingredient (API) is the biologically active component of a drug product (tablet, capsule, cream, injectable) that produces the intended effects. Finished Pharmaceutical Formulations: Finished pharmaceutical formulations are therapeutic drugs available in different dosage forms. The product portfolio consists of 429 products, as on January 31, 2023. They operate under different brand names across the globe. As on January 31, 2023, the company has 295 products registered in a total of 13 countries. As on January 31, 2023, a total of 134 ;products are under the process of registration in 16 countries. As on January 31, 2023, Remus Pharmaceuticals had business-to-business supply agreements with 58 domestic distributors and 139 international distributors for distribution and/or contract manufacturing supply. The company has cultivated strong and dependable customer relationships and its clients are spread in more than 20 countries. Th

Contact Details

Remus Pharmaceuticals Ltd. Address1101 to 1103, South Tower, One 42B/H Ashok Vatika, Nr.Jayantilal Park BRTSAmbli bopal RoadAhmedabad, Gujarat, 380054+079- 2999 9857cs@remuspharma.comVisit Website