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Earum Pharmaceuticals Limited IPO (Earum IPO) Detail

Jun 21, 2019 - Jun 26, 2019

Incorporated in 2012, Ahmedabad-based Earum Pharmaceuticals Limited is engaged in trading, marketing, distribution of pharmaceutical formulation products. The company has 125 drugs formulation products including multivitamins, gynaecology drugs, steroids, anti-biotic drugs, cerebral activator drugs, gastrointestinal drugs, etc.

The company is also involved in the trading business of active pharmaceutical ingredients (API's) including Amoxicillin Trihydrate IP, Levofloxacin Hemihydrate IP and Albendazole IP. Earum Pharmaceuticals is primarily engaged in two types of business activities; marketing of its own formulations products and trading of other brands' generic formulations. Currently, it has around 24 products which are manufactured by 3rd parties and marketed by the company under its brand name.

It has a warehouse at Ahmedabad, Gujarat equipped with all amenities to process business operations smoothly. The company has a domestic and international presence across South East Asia, Latin America and Africa.

Future goals of Earum Pharmaceuticals Ltd are:

1. Make global presence more prominent
2. Enhance customer satisfaction by improving market skills
3. Deal in quality standard products

The competitive strengths of the company are:

1. Wide product range
2. The experienced promoter of 11+ years experience
3. Quality assurance

Company Promoters:

Mr. Bhumishth Narendrabhai Patel and Mrs. Payal Bhumishth Patel are the promoters of the company.

Company Financials:

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

Objects of the Issue:

The company intends to utilize the proceeds of the Issue to meet the following objects:-

1. To meet Working Capital requirements
2. General Corporate Purpose
3. To meet issue expenses

Earum IPO Details

IPO DateJun 21, 2019 - Jun 26, 2019
Issue TypeFixed Price Issue IPO
Issue Size1,848,000 Eq Shares of ₹10
(aggregating up to ₹6.65 Cr)
Face Value₹10 Per Equity Share
IPO Price₹36 Per Equity Share
Market Lot3000 Shares
Min Order Quantity3000 Shares
Listing AtBSE SME

Earum IPO Tentative Date / Timetable

Bid/Offer Opens OnJun 21, 2019
Bid/Offer Closes OnJun 26, 2019
Finalisation of Basis of AllotmentJul 1, 2019
Initiation of RefundsJul 2, 2019
Credit of Shares to Demat AcctJul 3, 2019
IPO Shares Listing DateJul 4, 2019

Earum IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum13000₹108,000
Maximum13000₹108,000

Earum IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding70.04%

Earum IPO Subscription Status (Bidding Detail)

Earum IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

876,000

876,000

1,752,000

Jun 26, 2019 18:50

1.72x

1.48x

1.60x

Earum IPO Prospectus

Earum IPO Rating

50
3.9
Rating:Rated 3.9 stars

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Earum IPO Listing Date

Listing DateThursday, July 4, 2019
BSE Script Code542724
NSE Symbol
Listing InMT
ISININE060601015
IPO Price₹36 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE SME
₹36.00
₹36.00
₹36.00
₹36.15
₹36.05
525,000

Earum IPO Reviews / Ratings

Company Contact Information

Earum Pharmaceuticals Limited
G1, Ground Floor, V R Complex,
Near Sanathal Cross Road, SP Ring Road,
Sanathal, Ahmedabad, Gujarat-382210,

Phone: +91-79-48402525
Email: cs@earumpharma.com
Website: http://www.earumpharma.com/

Earum IPO Registrar

Bigshare Services Pvt Ltd
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Earum IPO FAQs

  1. 1. What is Earum IPO?

    Earum IPO is a SME IPO of 1,848,000 equity shares of the face value of ₹10 aggregating up to ₹6.65 Crores.

    The issue price of the IPO is ₹36 Per Equity Share. The minimum order quantity is 3000 Shares per application and the offer type is Fixed Price Issue.

    The IPO opens on Jun 21, 2019 and closes on Jun 26, 2019.

    Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

  2. 2. When Earum IPO will open?

    The Earum IPO opens on Jun 21, 2019 and closes on Jun 26, 2019.

  3. 3. How to apply for Earum IPO?

    Earum IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Earum IPO allotment?

    The finalization of Basis of Allotment for Earum IPO will be done on Jul 1, 2019, and the allotted shares will be credited to your demat account by Jul 3, 2019. Check the Earum IPO allotment status.

  5. 5. When is Earum IPO listing date?

    The Earum IPO listing date is on Thursday, July 4, 2019, at BSE SME.
  6. 6. What is the lot size of Earum IPO?

    Earum IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.

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Earum IPO Review / Comments

khushbir singh
4. khushbir singh  Jun 26, 2019 13:30
Rajkumar ji, apply karna hai ya nahi. subscription fig is due to HEM SEC only.
Tejkumar
3. Tejkumar  Jun 24, 2019 18:25
Hello all,

Can any one explain me how to apply for SME ipos
KING VINOD
3.2. KING VINOD  Jun 25, 2019 19:08
IPO Guru IPO Guru (1200+ Posts, 2600+ Likes)
Same as Main board IPO.
MR. KUMAR
3.3. MR. KUMAR  Jun 25, 2019 23:47
Dont come in sme sectors otherwise you will loose huge money.
RAJAKUMAR
2. RAJAKUMAR  Jun 15, 2019 01:02
IPO Guru IPO Guru (1300+ Posts, 900+ Likes)
April 9 2019 Company issue Bonus shares 13 for every 1 share held. Now company looks like a skeleton.
Nav is 164 as on 31st Dec 2018. It is very good on that period. But subsequently they utilised all reserves as bonus.
Eps for 2019 is 4 But 9th April issued bonus shares so 2020 its eps may by below one Re.
All sme stock is very highly priced.
So applying , allotment , listing and exit at correct level is purely luck.
KING VINOD
2.1. KING VINOD  Jun 18, 2019 23:21
IPO Guru IPO Guru (1200+ Posts, 2600+ Likes)
Correctly said
GrowYourMoney
1. GrowYourMoney  Jun 17, 2019 16:38
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
small co
small earnings
big valuations

better

preserve Money



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