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
Mr. Bhumishth Narendrabhai Patel and Mrs. Payal Bhumishth Patel are the promoters of the company.
| 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 | |
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
| IPO Opening Date | Jun 21, 2019 |
| IPO Closing Date | Jun 26, 2019 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹36 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | BSE SME |
| Issue Size | 1,848,000 Eq Shares of ₹10 (aggregating up to ₹6.65 Cr) |
The Earum IPO open date is Jun 21, 2019, and the close date is Jun 26, 2019. The issue may list on Jul 4, 2019.
| IPO Open Date | Jun 21, 2019 |
| IPO Close Date | Jun 26, 2019 |
| Basis of Allotment Date | Jul 1, 2019 |
| Initiation of Refunds | Jul 2, 2019 |
| Credit of Shares to Demat Account | Jul 3, 2019 |
| IPO Listing Date | Jul 4, 2019 |
The Earum IPO market 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 (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹108,000 |
| Maximum | 1 | 3000 | ₹108,000 |
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 70.04% |
The Earum IPO is subscribed 1.60x times on Jun 26, 2019 18:50. The public issue subscribed 1.48x in the retail category, in the QIB category, and 1.72x in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | IPO Subscription |
|---|---|
| NII | 1.72x |
| RII | 1.48x |
| Total | 1.60x |
| Listing Date | Thursday, July 4, 2019 |
| BSE Script Code | 542724 |
| NSE Symbol | |
| Listing In | MT |
| ISIN | INE060601015 |
| IPO Price | ₹36 per equity share |
| Face Value | ₹10 per equity share |
|
|
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/
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
Lead Manager Reports
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 equity 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 3000 Shares.
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.
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