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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 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 Size1,848,000 Eq Shares of ₹10
(aggregating up to ₹6.65 Cr)

Earum IPO Tentative Timetable

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

Earum IPO Lot Size

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

Earum IPO Promoter Holding

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

Earum IPO Subscription Status (Bidding Detail)

The Earum IPO is subscribed 1.60 times on Jun 26, 2019 18:50. The public issue subscribed 1.48 in the retail category, in the QIB category, and 1.72 in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII

1.72

RII

1.48

Total

1.60

Earum IPO Prospectus

Earum IPO Rating

50
3.9
Rating:Rated 3.9 stars
Vote Here ...

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 equity share
Face Value ₹10 per equity 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 Reviews / Ratings

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 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.

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

Earum IPO Message Board

Ranked Members  Ranked Members

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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
3.2. KING VINOD |Jun 25, 2019 18:08
IPO Guru IPO Guru (1400+ Posts, 3000+ 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
IPO Guru IPO Guru (1400+ Posts, 1100+ 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 IPO Guru (1400+ Posts, 3000+ Likes)
Correctly said
1. GrowYourMoney |Jun 17, 2019 15:38
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
small co
small earnings
big valuations

better

preserve Money