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Remus Pharmaceuticals IPO vs Vasa Denticity IPO

Comparision between Remus Pharmaceuticals IPO and Vasa Denticity IPO.

IPO Details

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

  Remus Pharmaceuticals IPO Vasa Denticity IPO
Logo Remus Pharmaceuticals IPO Logo Vasa Denticity IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Book Built Issue
Listing At NSE SME NSE SME
Lead Managers Beeline Capital Advisors Pvt Ltd Hem Securities Limited
Registrar Link Intime India Private Ltd Mas Services Limited
Market Maker Sunflower Broking Private Limited Hem Finlease Private Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor Anchor Investor Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Remus Pharmaceuticals IPO is up to ₹47.69 Cr whereas the issue size of the Vasa Denticity IPO is up to ₹54.07 Cr. The final issue price of Remus Pharmaceuticals IPO is ₹1,229.00 per share and of Vasa Denticity IPO is ₹128.00 per share.

  Remus Pharmaceuticals IPO Vasa Denticity IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹1,150.00 per share ₹121.00 per share
Issue Price (Upper) ₹1,229.00 per share ₹128.00 per share
Issue Price (Final) ₹1,229.00 per share ₹128.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 100 shares 1000 shares
Fresh Issue Size 3,88,000 shares 31,74,000 shares
Fresh Issue Size (Amount) up to ₹47.69 Cr up to ₹40.63 Cr
OFS Issue Size 10,50,000 shares
OFS Issue Size (Amount) up to ₹13.44 Cr
Issue Size Total 3,88,000 shares 42,24,000 shares
Issue Size Total (Amount) up to ₹47.69 Cr up to ₹54.07 Cr

IPO Timetable

Remus Pharmaceuticals IPO opens on May 17, 2023, while Vasa Denticity IPO opens on May 23, 2023. The closing date of Remus Pharmaceuticals IPO and Vasa Denticity IPO is May 19, 2023, and May 25, 2023, respectively.

  Remus Pharmaceuticals IPO Vasa Denticity IPO
Anchor Bid Date May 16, 2023
Issue Open May 17, 2023 May 23, 2023
Issue Close May 19, 2023 May 25, 2023
Basis Of Allotment (Tentative) May 24, 2023 May 30, 2023
Initiation of Refunds (Tentative) May 25, 2023 May 31, 2023
Credit of Share (Tentative) May 26, 2023 Jun 01, 2023
Listing date (Tentative) May 29, 2023 Jun 02, 2023
Anchor Lockin End date 1 Jun 23, 2023 Jun 29, 2023
Anchor Lockin End date 2 Aug 22, 2023 Aug 28, 2023

Financials

Remus Pharmaceuticals IPO P/E ratio is 21.09, as compared to Vasa Denticity IPO P/E ratio of 30.62.

  Remus Pharmaceuticals IPO Vasa Denticity IPO
Financial
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
Vasa Denticity Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20481.783,045.139.4427.207.2064.57
31-Mar-21691.054,017.7232.5859.7839.78197.24
31-Mar-221,945.917,714.08540.98600.76580.76326.29
31-Dec-222,695.188,757.11501.901,102.661,082.66266.31
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 92.82% 95.00%
Promoter Shareholding (Post-Issue) 68.37% 69.62%
P/E Ratio 21.09 30.62
Market Cap ₹181.03 Cr. ₹205.01 Cr.
ROE 71.44%% 0.46%%
ROCE 69.99%% 0.54%%
Debt/Equity 0.03 0.24
EPS ₹33.86 ₹4.43
RoNW 52.64%% 90.05%%

Shares Offered

In the Remus Pharmaceuticals IPO retail investors (RII) are offered 97,125 shares while in Vasa Denticity IPO retail investors are offered 97,125 shares. Qualified institutional buyers (QIB) are offered 1,38,750 shares in Remus Pharmaceuticals IPO and 8,02,000 shares in Vasa Denticity IPO.

  Remus Pharmaceuticals IPO Vasa Denticity IPO
Anchor Investor Reserveration 1,10,500 shares 12,00,000 shares
Market Maker Reserveration 19,500 shares 2,16,000 shares
QIB 1,38,750 shares 8,02,000 shares
NII 41,625 shares 6,02,000 shares
RII 97,125 shares 14,04,000 shares
Employee 0 shares 0 shares
Others
Total 2,77,500 shares 28,08,000 shares

Bids Received (Subscription)

Remus Pharmaceuticals IPO subscribed 57.21x in total, whereas Vasa Denticity IPO subscribed 73.14x.

  Remus Pharmaceuticals IPO Vasa Denticity IPO
QIB (times) 10.75x 37.26x
NII (times) 229.31x 156.09x
Big NII (times)
Small NII (times)
RII (times) 49.81x 58.07x
Employee (times)
Other (times)
Total (times) 57.21x 73.14x

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