Remus Pharmaceuticals Limited IPO Message Board (Page 13)

Remind Pharma Sub2 ~ 8000/- @ 07:30pm # 11 May

CORRECTION
Remus Pharmaceuticals

Last heared sub2 6500 _ 7000

if we study RHP.. we maybe not feel to apply some of the sme ipos... and at the time of listing we feel why did we read the RHP :)
just follow the market mood and gmp ... current status of the SME world is bull run.....

Dont know why LM did not suggest them to give some more bonus 10:1 or 20:1 even after 99:1 bonus in march 2022 , which would had bought the price band in 3 or 2 digit with the same market cap.

and pre ipo placement at 500/- only (does anyone know the date of this placement???)

Taxation Litigation Rs. 205,124,890/- only (does anyone has detail about it?)

this has nothing to do with apply or not to apply :)
go with the flow ....

Pre ipo share placement @500₹ was done very recently on 30 Dec 2022. Only 4 months back. Then what changed in 4 months that ipo is coming at 1229₹ more than double.. 🙄🤒

😬well all good companies struggled a lot in the past(earth,chaman,all e etc),so i am just going with the bull run rather than valuation and applying all IPOs.
Made 3.6lakhs(2.4lakh(mankind)+1.2lakh(innokaiz not sold)) recovered more than recent loss.

LM performance is average type

What is the P/E ratio given the four digit issue price?

P/E 36

PE on upper band
march 2023 = 36.29
weighted avg (2020, 2021, 2022) = 56.6

And based on Dec 2023 EPS of 64.35.. forward PE maybe around 14

I thought it's by mistake(4 digit number)...

Guru Mahadev sir what do you think about the chaman metallics..i am still holding. My purchase prise 44.

Today Strong Upper Circuit Chaman 68

GMP 120 rs buyer

Itna to initially Mankind ka bhi nahi tha.

This is the classic example of high gredyness of the promoters/ Lead Managers after Adani Enterprise. How NSE have approved the upper price band of Rs. 1229 & that too in SME. This is not Main Line ipo. For approving the 4 figure price band, what are the criteria? The approving authorities have to cross examine all these points or they are just approving it simply without using their mind?

The company whose revenue is below 100 cr & net profit is also less than 5 cr. The company is also not very old and just incorporated in the year 2015. What's the special or extraordinary thing the authorities have observed in this Remus?
Remus is entering in the market for collecting 47.69 cr. Is this a small amount?

Just few days back Gujarat based Infinium Pharma entered in the capital market with attractive valuations. The merits of Infinium are given below for comparing with this Remus.
1. Total revenue : 100 cr
2. Net profit : 6.69 cr
3. Issue price : 135 per share
4. PE ratio : 9.64
5. Current market : 241.10

Can The upper price band of 1229 provide atleast 30- 40% gain in short to medium term? The people who are thinking applying here may compare with any reputed pharma company with Remus and then take investment decisions. In short we have to give 💪 strong message to the Lead Managers / greedy promoters that the public is not so fool and understand the things properly. .

But it will get over subscribed - Promoters will hire influencers and Grey market guys and people will sell in Grey and apply. Issue will succeed and all will make money except the bakras who follow Grey Market Premium and apply.

Seems :
4 subsidiary...among of them one they purchased from Ratnamani metal group.
One unit is in USA also.
Wide products range.
Fundamentals fine but due to 1229 , it would become probably avoidable.

This price band looks appropriate for main board ipo only. Surprised to see it as SME

How does price band matter? its lot size and valuation matters. isnt it?

1st SME I have seen priced in 4 digits.🤭

Mankind Magic ?
Mankind Mania.

Exactly, this was my first thought.

I don't think such a price band is for main line IPO. Less than 50 crore may be a reason for SME and its the decision of Promoters for SME and not main line. Not an argument against members.
Better points : Total fresh issue means promoters and other share holders have full faith in their own Company.
Again a Company from Gujarat. Gujarat Companies have great contribution in making investors profitable. Expectations are always there. Dustbin is always there for the house.No doubt price is looking very high. Success of Mankind may give reasonable//boost subscription to this SME.
Comments from seniors and knowledgeable members are likely to come soon.
Some rest is required after one of the best listings.

Seems to be the first company to issue shares in 4 digit rates in sme category.

The upper price band is 1229
Is this SME Or Main one?
Seems to be overvalued one.