Earum IPO vs Sudarshan Pharma IPO

Comparision between Earum IPO and Sudarshan Pharma IPO.

IPO Details

Earum IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Sudarshan Pharma IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Earum IPO	Sudarshan Pharma IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Hem Securities Limited	First Overseas Capital Limited
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Earum IPO is up to ₹6.65 Cr whereas the issue size of the Sudarshan Pharma IPO is up to ₹24.77 Cr. The final issue price of Earum IPO is ₹36.00 per share and of Sudarshan Pharma IPO is ₹72.00 per share.

	Earum IPO	Sudarshan Pharma IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹36.00 per share	₹72.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1600 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	18,48,000 shares	34,40,000 shares
Issue Size Total (Amount)	up to ₹6.65 Cr	up to ₹24.77 Cr

IPO Timetable

Earum IPO opens on Jun 21, 2019, while Sudarshan Pharma IPO opens on Jun 12, 2019. The closing date of Earum IPO and Sudarshan Pharma IPO is Jun 26, 2019, and Jun 21, 2019, respectively.

	Earum IPO	Sudarshan Pharma IPO
Anchor Bid Date
Issue Open	Jun 21, 2019	Jun 12, 2019
Issue Close	Jun 26, 2019	Jun 21, 2019
Basis Of Allotment (Tentative)	Jul 01, 2019	Jun 20, 2019
Initiation of Refunds (Tentative)	Jul 02, 2019	Jun 21, 2019
Credit of Share (Tentative)	Jul 03, 2019	Jun 24, 2019
Listing date (Tentative)	Jul 04, 2019	Jun 25, 2019
Anchor Lockin End date 1	Jul 31, 2019	Jul 20, 2019
Anchor Lockin End date 2	Sep 29, 2019	Sep 18, 2019

Financials

Earum IPO P/E ratio is , as compared to Sudarshan Pharma IPO P/E ratio of .

Earum IPO

Sudarshan Pharma IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Dec-18	31-Mar-18	31-Dec-17	31-Mar-16
Total Assets	2,741.00	2,052.88	1,108.45	878.71
Total Revenue	3,449.85	3,543.67	2,333.95	1,856.66
Profit After Tax	86.51	85.65	15.98	9.76

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-19	31-Mar-18	31-Mar-17	31-Mar-16
Total Assets	5,013.72	3,096.37	1,992.93	827.24
Total Revenue	14,001.96	8,976.43	5,551.72	3,794.33
Profit After Tax	234.79	73.98	15.63	9.27

Promoter Shareholding (Pre-Issue)

100%

89.29%

Promoter Shareholding (Post-Issue)

70.04%

65.63%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Earum IPO retail investors (RII) are offered 8,76,000 shares while in Sudarshan Pharma IPO retail investors are offered 8,76,000 shares. Qualified institutional buyers (QIB) are offered in Earum IPO and in Sudarshan Pharma IPO.

	Earum IPO	Sudarshan Pharma IPO
Anchor Investor Reserveration
Market Maker Reserveration	96,000 shares	1,76,000 shares
QIB
NII	8,76,000 shares	16,32,000 shares
RII	8,76,000 shares	16,32,000 shares
Employee
Others
Total	17,52,000 shares	32,64,000 shares

Bids Received (Subscription)

Earum IPO subscribed 1.60x in total, whereas Sudarshan Pharma IPO subscribed 0.47x.

	Earum IPO	Sudarshan Pharma IPO
QIB (times)
NII (times)	1.72x	0.17x
Big NII (times)
Small NII (times)
RII (times)	1.48x	0.77x
Employee (times)
Other (times)
Total (times)	1.60x	0.47x

Compare with others

Earum IPO	Sudarshan Pharma IPO
Wonder Fibromats IPO	SBC Exports IPO
City Pulse IPO	Earum IPO
SK International IPO	Parshva Enterprises IPO
AB Infrabuild IPO	Anand Rayons IPO
SBC Exports IPO	Meera Industries FPO
Parshva Enterprises IPO	Suich Industries IPO
Anand Rayons IPO	Gensol Engineering IPO
Meera Industries FPO	Par Drugs IPO
Suich Industries IPO	Evans Electric IPO
Gensol Engineering IPO	White Organic IPO

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