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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 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

Earum IPO Date Jun 21, 2019 to Jun 26, 2019
Earum IPO Face Value ₹10 per share
Earum IPO Price ₹36 per share
Earum IPO Lot Size 3000 Shares
Issue Size1,848,000 shares of ₹10
(aggregating up to ₹6.65 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

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

Earum IPO Timeline (Tentative Timetable)

Earum IPO opens on Jun 21, 2019, and closes on Jun 26, 2019. The Earum IPO bid date is from Jun 21, 2019 10.00 A.M. to Jun 26, 2019 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Earum IPO Opening Date Jun 21, 2019
Earum IPO Closing Date Jun 26, 2019
Basis of Allotment Jul 1, 2019
Initiation of Refunds Jul 2, 2019
Credit of Shares to Demat Jul 3, 2019
Earum IPO Listing Date Jul 4, 2019

Earum IPO Lot Size

The Earum IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹108,000).

Application Lots Shares Amount
Minimum 1 3000 ₹108,000
Maximum 1 3000 ₹108,000

Earum IPO Promoter Holding

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

Earum IPO Review


EPL does not own manufacturing unit and is engaged in trading activities only. The issue is fully priced. Third-party contract business raises concern. Currently, the pharma sector is not fancied by investors. Merchant Banker has average track records. Considering all these, investors may skip this issue.

Read detail review...

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Earum IPO Subscription Status (Bidding Detail)

The Earum IPO is subscribed 1.60 times on Jun 26, 2019 6:50:02 PM. The public issue subscribed 1.48 times in the retail category, times in the QIB category, and 1.72 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII1.72
Retail1.48
Total1.60

Earum IPO Prospectus

Earum IPO Rating

50
3.9
Rating:Rated 3.9 stars
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Earum IPO Listing Date

Listing Date Thursday, July 4, 2019
BSE Script Code 542724
NSE Symbol
Listing In MT Group of Securities
ISIN INE060601015
IPO Price ₹36 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹36.00
₹36.00
₹36.00
₹36.15
₹36.05

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

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

Earum IPO FAQs

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 is priced at ₹36 per share. The minimum order quantity is 3000 Shares.

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.

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

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

You can apply in Earum IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

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.

The Earum IPO listing date is on Thursday, July 4, 2019.
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Earum IPO Message Board

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8 Comments

4. khushbir singh |   Link |Jun 26, 2019 12:30:35 PM
Rajkumar ji, apply karna hai ya nahi. subscription fig is due to HEM SEC only.
3. Tejkumar |   Link |Jun 24, 2019 5:25:16 PM
Hello all,

Can any one explain me how to apply for SME ipos
3.2. KING VINOD |   Link |Jun 25, 2019 6:08:56 PM
IPO Guru IPO Guru (1700+ Posts, 3400+ Likes)
Same as Main board IPO.
3.3. MR. KUMAR |   Link |Jun 25, 2019 10:47:19 PM
Dont come in sme sectors otherwise you will loose huge money.
2. RAJAKUMAR |   Link |Jun 15, 2019 12:02:53 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ 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 |   Link |Jun 18, 2019 10:21:36 PM
IPO Guru IPO Guru (1700+ Posts, 3400+ Likes)
Correctly said
1. GrowYourMoney |   Link |Jun 17, 2019 3:38:06 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
small co
small earnings
big valuations

better

preserve Money