Remus Pharmaceuticals IPO vs Vasa Denticity IPO

Comparision between Remus Pharmaceuticals IPO and Vasa Denticity IPO.

IPO Details

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

	Remus Pharmaceuticals IPO	Vasa Denticity IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Hem Securities Limited
Registrar	Link Intime India Private Ltd	Mas Services Limited
Market Maker	Sunflower Broking Private Limited	Hem Finlease Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Remus Pharmaceuticals IPO is up to ₹47.69 Cr whereas the issue size of the Vasa Denticity IPO is up to ₹54.07 Cr. The final issue price of Remus Pharmaceuticals IPO is ₹1,229.00 per share and of Vasa Denticity IPO is ₹128.00 per share.

	Remus Pharmaceuticals IPO	Vasa Denticity IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹1,150.00 per share	₹121.00 per share
Issue Price (Upper)	₹1,229.00 per share	₹128.00 per share
Issue Price (Final)	₹1,229.00 per share	₹128.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	100 shares	1000 shares
Fresh Issue Size	3,88,000 shares	31,74,000 shares
Fresh Issue Size (Amount)	up to ₹47.69 Cr	up to ₹40.63 Cr
OFS Issue Size		10,50,000 shares
OFS Issue Size (Amount)		up to ₹13.44 Cr
Issue Size Total	3,88,000 shares	42,24,000 shares
Issue Size Total (Amount)	up to ₹47.69 Cr	up to ₹54.07 Cr

IPO Timetable

Remus Pharmaceuticals IPO opens on May 17, 2023, while Vasa Denticity IPO opens on May 23, 2023. The closing date of Remus Pharmaceuticals IPO and Vasa Denticity IPO is May 19, 2023, and May 25, 2023, respectively.

	Remus Pharmaceuticals IPO	Vasa Denticity IPO
Anchor Bid Date	May 16, 2023
Issue Open	May 17, 2023	May 23, 2023
Issue Close	May 19, 2023	May 25, 2023
Basis Of Allotment (Tentative)	May 24, 2023	May 30, 2023
Initiation of Refunds (Tentative)	May 25, 2023	May 31, 2023
Credit of Share (Tentative)	May 26, 2023	Jun 01, 2023
Listing date (Tentative)	May 29, 2023	Jun 02, 2023
Anchor Lockin End date 1	Jun 23, 2023	Jun 29, 2023
Anchor Lockin End date 2	Aug 22, 2023	Aug 28, 2023

Financials

Remus Pharmaceuticals IPO P/E ratio is 21.09, as compared to Vasa Denticity IPO P/E ratio of 30.62.

Remus Pharmaceuticals IPO

Vasa Denticity IPO

Financial

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

Vasa Denticity Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	481.78	3,045.13	9.44	27.20	7.20	64.57
31-Mar-21	691.05	4,017.72	32.58	59.78	39.78	197.24
31-Mar-22	1,945.91	7,714.08	540.98	600.76	580.76	326.29
31-Dec-22	2,695.18	8,757.11	501.90	1,102.66	1,082.66	266.31
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

92.82%

95.00%

Promoter Shareholding (Post-Issue)

68.37%

69.62%

P/E Ratio

21.09

30.62

Market Cap

₹181.03 Cr.

₹205.01 Cr.

ROE

71.44%%

0.46%%

ROCE

69.99%%

0.54%%

Debt/Equity

0.03

0.24

EPS

₹33.86

₹4.43

RoNW

52.64%%

90.05%%

Shares Offered

In the Remus Pharmaceuticals IPO retail investors (RII) are offered 97,125 shares while in Vasa Denticity IPO retail investors are offered 97,125 shares. Qualified institutional buyers (QIB) are offered 1,38,750 shares in Remus Pharmaceuticals IPO and 8,02,000 shares in Vasa Denticity IPO.

	Remus Pharmaceuticals IPO	Vasa Denticity IPO
Anchor Investor Reserveration	1,10,500 shares	12,00,000 shares
Market Maker Reserveration	19,500 shares	2,16,000 shares
QIB	1,38,750 shares	8,02,000 shares
NII	41,625 shares	6,02,000 shares
RII	97,125 shares	14,04,000 shares
Employee	0 shares	0 shares
Others
Total	2,77,500 shares	28,08,000 shares

Bids Received (Subscription)

Remus Pharmaceuticals IPO subscribed 57.21x in total, whereas Vasa Denticity IPO subscribed 73.14x.

	Remus Pharmaceuticals IPO	Vasa Denticity IPO
QIB (times)	10.75x	37.26x
NII (times)	229.31x	156.09x
Big NII (times)
Small NII (times)
RII (times)	49.81x	58.07x
Employee (times)
Other (times)
Total (times)	57.21x	73.14x

Compare with others

Remus Pharmaceuticals IPO	Vasa Denticity IPO
Proventus Agrocom IPO	CFF Fluid Control IPO
Hemant Surgical Industries IPO	Comrade Appliances IPO
Vasa Denticity IPO	Infollion Research Services IPO
Spectrum Talent Management IPO	Proventus Agrocom IPO
Crayons Advertising IPO	Hemant Surgical Industries IPO
Auro Impex & Chemicals IPO	Spectrum Talent Management IPO
Innokaiz India IPO	Crayons Advertising IPO
Krishca Strapping Solutions IPO	Remus Pharmaceuticals IPO
De Neers Tools IPO	Auro Impex & Chemicals IPO
Quicktouch Technologies IPO	Innokaiz India IPO

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