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Earum Pharmaceuticals Limited IPO (Earum IPO) Detail

June 21, 2019 - June 26, 2019

Earum IPO is a fixed price issue of Rs 6.65 crores.

Earum IPO bidding started from June 21, 2019 and ended on June 26, 2019. The allotment for Earum IPO was finalized on Monday, July 1, 2019. The shares got listed on BSE SME on July 4, 2019.

Earum IPO price is ₹36 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹108,000.

Hem Securities Limited is the book running lead manager of the Earum IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Earum IPO RHP for detailed information.

Earum IPO Details

IPO Date June 21, 2019 to June 26, 2019
Listing Date July 4, 2019
Face Value ₹10 per share
Price ₹36 per share
Lot Size 3000 Shares
Total Issue Size1,848,000 shares
(aggregating up to ₹6.65 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion96,000 shares

Earum IPO Reservation

Earum IPO offers 1,848,000 shares. 876,000 (47.40%) to NII, 876,000 (47.40%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered96,000 (5.19%)
Other Shares Offered876,000 (47.40%)
Retail Shares Offered876,000 (47.40%)
Total Shares Offered1,848,000 (100%)

Earum IPO Timeline (Tentative Schedule)

Earum IPO opens on June 21, 2019, and closes on June 26, 2019.

IPO Open Date Friday, June 21, 2019
IPO Close Date Wednesday, June 26, 2019
Basis of Allotment Monday, July 1, 2019
Initiation of Refunds Tuesday, July 2, 2019
Credit of Shares to Demat Wednesday, July 3, 2019
Listing Date Thursday, July 4, 2019
Cut-off time for UPI mandate confirmation 5 PM on June 26, 2019

Earum IPO Lot Size

Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 3000 ₹108,000
Retail (Max) 1 3000 ₹108,000
Lot Size Calculator

Earum IPO Promoter Holding

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

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

About Earum Pharmaceuticals Limited

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 (Earum IPO Objectives)

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 Review (Avoid)

[Dilip Davda]  

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...

Earum IPO Subscription Status (Bidding Detail)

The Earum IPO is subscribed 1.60 times on June 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)

Earum IPO Prospectus

Earum IPO Rating

Rating:Rated 3.9 stars
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Earum IPO Listing Details

Listing Date July 4, 2019
BSE Script Code 542724
NSE Symbol
ISIN INE060601015
Final Issue Price ₹36 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Earum Pharmaceuticals Limited Contact Details

Earum Pharmaceuticals Limited
G1, Ground Floor, V R Complex,
Near Sanathal Cross Road, SP Ring Road,
Sanathal, Ahmedabad, Gujarat-382210,
Phone: +91-79-48402525

Earum IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Earum IPO - Buy or Not

Earum IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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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 June 21, 2019, and closes on June 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 June 21, 2019 and closes on June 26, 2019.

Earum IPO lot size is 3000 Shares, and the minimum amount required is ₹108,000.

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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

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

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

Ranked Members of Forum  Ranked Members | Members with Most Likes



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

Can any one explain me how to apply for SME ipos
3.2. KING VINOD |   Link |  Bookmark |June 25, 2019 6:08:56 PM
IPO Guru IPO Guru (2400+ Posts, 5300+ Likes)
Same as Main board IPO.
3.3. MR. KUMAR |   Link |  Bookmark |June 25, 2019 10:47:19 PM
Dont come in sme sectors otherwise you will loose huge money.
2. RAJAKUMAR |   Link |  Bookmark |June 15, 2019 12:02:53 AM (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 |  Bookmark |June 18, 2019 10:21:36 PM
IPO Guru IPO Guru (2400+ Posts, 5300+ Likes)
Correctly said
1. GrowYourMoney |   Link |  Bookmark |June 17, 2019 3:38:06 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
small co
small earnings
big valuations


preserve Money