Proventus Agrocom IPO vs Remus Pharmaceuticals IPO

Comparision between Proventus Agrocom IPO and Remus Pharmaceuticals IPO.

IPO Details

Proventus Agrocom IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Remus Pharmaceuticals IPO is a SME Book Built Issue proposed to list at NSE SME.

	Proventus Agrocom IPO	Remus Pharmaceuticals IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Sundae Capital Advisors	Beeline Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Link Intime India Private Ltd
Market Maker	Ajcon Global Services Limited	Sunflower Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Proventus Agrocom IPO is up to ₹69.54 Cr whereas the issue size of the Remus Pharmaceuticals IPO is up to ₹47.69 Cr. The final issue price of Proventus Agrocom IPO is ₹771.00 per share and of Remus Pharmaceuticals IPO is ₹1,229.00 per share.

	Proventus Agrocom IPO	Remus Pharmaceuticals IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹1,150.00 per share
Issue Price (Upper)		₹1,229.00 per share
Issue Price (Final)	₹771.00 per share	₹1,229.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	160 shares	100 shares
Fresh Issue Size	6,71,773 shares	3,88,000 shares
Fresh Issue Size (Amount)	up to ₹51.79 Cr	up to ₹47.69 Cr
OFS Issue Size	2,30,147 shares
OFS Issue Size (Amount)	up to ₹17.74 Cr
Issue Size Total	9,01,920 shares	3,88,000 shares
Issue Size Total (Amount)	up to ₹69.54 Cr	up to ₹47.69 Cr

IPO Timetable

Proventus Agrocom IPO opens on May 24, 2023, while Remus Pharmaceuticals IPO opens on May 17, 2023. The closing date of Proventus Agrocom IPO and Remus Pharmaceuticals IPO is May 26, 2023, and May 19, 2023, respectively.

	Proventus Agrocom IPO	Remus Pharmaceuticals IPO
Anchor Bid Date		May 16, 2023
Issue Open	May 24, 2023	May 17, 2023
Issue Close	May 26, 2023	May 19, 2023
Basis Of Allotment (Tentative)	May 31, 2023	May 24, 2023
Initiation of Refunds (Tentative)	Jun 01, 2023	May 25, 2023
Credit of Share (Tentative)	Jun 02, 2023	May 26, 2023
Listing date (Tentative)	Jun 05, 2023	May 29, 2023
Anchor Lockin End date 1	Jun 30, 2023	Jun 23, 2023
Anchor Lockin End date 2	Aug 29, 2023	Aug 22, 2023

Financials

Proventus Agrocom IPO P/E ratio is 186.23, as compared to Remus Pharmaceuticals IPO P/E ratio of 21.09.

Proventus Agrocom IPO

Remus Pharmaceuticals IPO

Financial

Proventus Agrochem Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	8,936.94	90,089.01	-2,190.46	5,663.58	4,731.01	1,728.54
31-Mar-21	8,843.36	30,173.92	187.90	5,844.50	4,911.92	2,940.72
31-Mar-22	10,131.13	40,434.57	114.03	5,966.75	5,034.17	3,444.05
31-Dec-22	9,735.37	31,909.63	189.82	6,167.31	5,234.74	3,061.13
Amount in ₹ Lakhs

Remus Pharmaceuticals Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	530.36	1,276.89	81.16	202.03	201.03	35.93
31-Mar-21	1,104.96	1,922.45	102.58	304.61	303.61	27.89
31-Mar-22	1,590.93	2,543.71	338.57	643.17	543.17	19.17
31-Dec-22	3,352.96	3,361.20	643.90	1,712.07	1,603.57	947.45
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

92.29%

92.82%

Promoter Shareholding (Post-Issue)

70.84%

68.37%

P/E Ratio

186.23

21.09

Market Cap

₹264.27 Cr.

₹181.03 Cr.

ROE

0.04%%

71.44%%

ROCE

0.05%%

69.99%%

Debt/Equity

0.56

0.03

EPS

₹4.14

₹33.86

RoNW

3.08%%

52.64%%

Shares Offered

In the Proventus Agrocom IPO retail investors (RII) are offered 4,28,450 shares while in Remus Pharmaceuticals IPO retail investors are offered 4,28,450 shares. Qualified institutional buyers (QIB) are offered 0 shares in Proventus Agrocom IPO and 1,38,750 shares in Remus Pharmaceuticals IPO.

	Proventus Agrocom IPO	Remus Pharmaceuticals IPO
Anchor Investor Reserveration		1,10,500 shares
Market Maker Reserveration	45,100 shares	19,500 shares
QIB	0 shares	1,38,750 shares
NII	4,28,430 shares	41,625 shares
RII	4,28,450 shares	97,125 shares
Employee	0 shares	0 shares
Others
Total	8,56,880 shares	2,77,500 shares

Bids Received (Subscription)

Proventus Agrocom IPO subscribed 2.70x in total, whereas Remus Pharmaceuticals IPO subscribed 57.21x.

	Proventus Agrocom IPO	Remus Pharmaceuticals IPO
QIB (times)		10.75x
NII (times)	4.65x	229.31x
Big NII (times)
Small NII (times)
RII (times)	0.74x	49.81x
Employee (times)
Other (times)
Total (times)	2.70x	57.21x

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Remus Pharmaceuticals IPO	Quicktouch Technologies IPO

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