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Proventus Agrocom IPO vs Remus Pharmaceuticals IPO

Comparision between Proventus Agrocom IPO and Remus Pharmaceuticals IPO.

IPO Details

Proventus Agrocom IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Remus Pharmaceuticals IPO is a SME Book Built Issue proposed to list at NSE SME.

  Proventus Agrocom IPO Remus Pharmaceuticals IPO
Logo Proventus Agrocom IPO Logo Remus Pharmaceuticals IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Book Built Issue
Listing At NSE SME NSE SME
Lead Managers Sundae Capital Advisors Beeline Capital Advisors Pvt Ltd
Registrar Bigshare Services Pvt Ltd Link Intime India Private Ltd
Market Maker Ajcon Global Services Limited Sunflower Broking Private Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Proventus Agrocom IPO is up to ₹69.54 Cr whereas the issue size of the Remus Pharmaceuticals IPO is up to ₹47.69 Cr. The final issue price of Proventus Agrocom IPO is ₹771.00 per share and of Remus Pharmaceuticals IPO is ₹1,229.00 per share.

  Proventus Agrocom IPO Remus Pharmaceuticals IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹1,150.00 per share
Issue Price (Upper) ₹1,229.00 per share
Issue Price (Final) ₹771.00 per share ₹1,229.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 160 shares 100 shares
Fresh Issue Size 6,71,773 shares 3,88,000 shares
Fresh Issue Size (Amount) up to ₹51.79 Cr up to ₹47.69 Cr
OFS Issue Size 2,30,147 shares
OFS Issue Size (Amount) up to ₹17.74 Cr
Issue Size Total 9,01,920 shares 3,88,000 shares
Issue Size Total (Amount) up to ₹69.54 Cr up to ₹47.69 Cr

IPO Timetable

Proventus Agrocom IPO opens on May 24, 2023, while Remus Pharmaceuticals IPO opens on May 17, 2023. The closing date of Proventus Agrocom IPO and Remus Pharmaceuticals IPO is May 26, 2023, and May 19, 2023, respectively.

  Proventus Agrocom IPO Remus Pharmaceuticals IPO
Anchor Bid Date May 16, 2023
Issue Open May 24, 2023 May 17, 2023
Issue Close May 26, 2023 May 19, 2023
Basis Of Allotment (Tentative) May 31, 2023 May 24, 2023
Initiation of Refunds (Tentative) Jun 01, 2023 May 25, 2023
Credit of Share (Tentative) Jun 02, 2023 May 26, 2023
Listing date (Tentative) Jun 05, 2023 May 29, 2023
Anchor Lockin End date 1 Jun 30, 2023 Jun 23, 2023
Anchor Lockin End date 2 Aug 29, 2023 Aug 22, 2023

Financials

Proventus Agrocom IPO P/E ratio is 186.23, as compared to Remus Pharmaceuticals IPO P/E ratio of 21.09.

  Proventus Agrocom IPO Remus Pharmaceuticals IPO
Financial
Proventus Agrochem Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-208,936.9490,089.01-2,190.465,663.584,731.011,728.54
31-Mar-218,843.3630,173.92187.905,844.504,911.922,940.72
31-Mar-2210,131.1340,434.57114.035,966.755,034.173,444.05
31-Dec-229,735.3731,909.63189.826,167.315,234.743,061.13
Amount in ₹ Lakhs
Remus Pharmaceuticals Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20530.361,276.8981.16202.03201.0335.93
31-Mar-211,104.961,922.45102.58304.61303.6127.89
31-Mar-221,590.932,543.71338.57643.17543.1719.17
31-Dec-223,352.963,361.20643.901,712.071,603.57947.45
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 92.29% 92.82%
Promoter Shareholding (Post-Issue) 70.84% 68.37%
P/E Ratio 186.23 21.09
Market Cap ₹264.27 Cr. ₹181.03 Cr.
ROE 0.04%% 71.44%%
ROCE 0.05%% 69.99%%
Debt/Equity 0.56 0.03
EPS ₹4.14 ₹33.86
RoNW 3.08%% 52.64%%

Shares Offered

In the Proventus Agrocom IPO retail investors (RII) are offered 4,28,450 shares while in Remus Pharmaceuticals IPO retail investors are offered 4,28,450 shares. Qualified institutional buyers (QIB) are offered 0 shares in Proventus Agrocom IPO and 1,38,750 shares in Remus Pharmaceuticals IPO.

  Proventus Agrocom IPO Remus Pharmaceuticals IPO
Anchor Investor Reserveration 1,10,500 shares
Market Maker Reserveration 45,100 shares 19,500 shares
QIB 0 shares 1,38,750 shares
NII 4,28,430 shares 41,625 shares
RII 4,28,450 shares 97,125 shares
Employee 0 shares 0 shares
Others
Total 8,56,880 shares 2,77,500 shares

Bids Received (Subscription)

Proventus Agrocom IPO subscribed 2.70x in total, whereas Remus Pharmaceuticals IPO subscribed 57.21x.

  Proventus Agrocom IPO Remus Pharmaceuticals IPO
QIB (times) 10.75x
NII (times) 4.65x 229.31x
Big NII (times)
Small NII (times)
RII (times) 0.74x 49.81x
Employee (times)
Other (times)
Total (times) 2.70x 57.21x

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