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

Earum IPO Details

IPO Date Jun 21, 2019 to Jun 26, 2019
Listing Date Jul 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

Earum IPO Reservation

Other Shares Offered876,000 (50.00%)
Retail Shares Offered876,000 (50.00%)
Market Maker portion96,000 shares
Total Shares Offered1,752,000

Earum IPO Tentative Timetable

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

Event Tentative Date
Opening Date Jun 21, 2019
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
Listing Date Jul 4, 2019
UPI Mandate Confirmation Cut-Off Time 5.00 PM on the issue closing day

Earum IPO Lot Size

The Earum IPO lot size is 3000 shares.

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.

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 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)

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

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...

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 Prospectus

Earum IPO Rating

Rating:Rated 3.9 stars
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Earum IPO Listing Details

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

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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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: https://www.bigshareonline.com/

Earum IPO Analysis

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 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, Nuvama, 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 Jul 4, 2019.
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Earum IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members



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 (2000+ Posts, 3700+ 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 (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 (2000+ Posts, 3700+ Likes)
Correctly said
1. GrowYourMoney |   Link |Jun 17, 2019 3:38:06 PM (300+ Posts, 300+ Likes)
small co
small earnings
big valuations


preserve Money