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

Issue Open	Jun 21, 2019 - Jun 26, 2019
Issue Type	Fixed Price Issue IPO
Issue Size	1,848,000 Eq Shares of Rs 10 (aggregating up to Rs 6.65 Cr)
Face Value	Rs 10 Per Equity Share
Issue Price	Rs 36 Per Equity Share
Market Lot	3000 Shares
Min Order Quantity	3000 Shares
Listing At	BSE SME

Earum IPO Tentative Date / Timetable

Bid/Offer Opens On	Jun 21, 2019
Bid/Offer Closes On	Jun 26, 2019
Finalisation of Basis of Allotment	Jul 1, 2019
Initiation of Refunds	Jul 2, 2019
Credit of Shares to Demat Acct:	Jul 3, 2019
IPO Shares Listing Date:	Jul 4, 2019

Earum IPO Promoter Holding

Pre Issue Share Holding	100%
Post Issue Share Holding	70.04%

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

› Draft Prospectus
› Red Herring Prospectus

Earum IPO Rating

3.9

Rating:

Vote Here ...

Earum IPO Listing Date

Listing Date	Thursday, July 4, 2019
BSE Script Code	542724
NSE Symbol
Listing In	MT
ISIN	INE060601015
Issue Price	Rs 36 Per Equity Share
Face Value	Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume

BSE SME
Rs 36.00
Rs 36.00
Rs 36.00
Rs 36.15
Rs 36.05
525,000

Earum IPO Reviews / Ratings

Dilip Davda - Avoid

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 Lead Manager(s)

Hem Securities Limited

Lead Manager Reports

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Earum IPO Review / Comments

4. khushbir singh Jun 26, 2019 12:30

Rajkumar ji, apply karna hai ya nahi. subscription fig is due to HEM SEC only.

3. Tejkumar Jun 24, 2019 17:25

Hello all,

Can any one explain me how to apply for SME ipos

Load more comments (1 replies)

3.2. KING VINOD Jun 25, 2019 18:08

IPO Guru (1000+ Posts, 2100+ Likes)

Same as Main board IPO.

3.3. MR. KUMAR Jun 25, 2019 22:47

Dont come in sme sectors otherwise you will loose huge money.

2. RAJAKUMAR Jun 15, 2019 00:02

1 |

IPO Guru (1100+ Posts, 700+ 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.

2.1. KING VINOD Jun 18, 2019 22:21

IPO Guru (1000+ Posts, 2100+ Likes)

Correctly said

1. GrowYourMoney Jun 17, 2019 15:38

3 |

Top Contributor (200+ Posts, 300+ Likes)

small co
small earnings
big valuations

better

preserve Money

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