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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.
| 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 Size | 1,848,000 shares (aggregating up to ₹6.65 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 4,319,910 |
| Share holding post issue | 6,167,910 |
| Market Maker portion | 96,000 shares |
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 Offered | 96,000 (5.19%) |
| Other Shares Offered | 876,000 (47.40%) |
| Retail Shares Offered | 876,000 (47.40%) |
| Total Shares Offered | 1,848,000 (100%) |
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 |
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 | |||
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% |
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
| 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 | |
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
[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.
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)
| Category | Subscription (times) |
|---|---|
| Other | 1.72 |
| Retail | 1.48 |
| Total | 1.60 |
| Listing Date | July 4, 2019 |
| BSE Script Code | 542724 |
| NSE Symbol | |
| ISIN | INE060601015 |
| Final Issue Price | ₹36 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹36.00 |
| ₹36.00 |
| ₹36.00 |
| ₹36.15 |
| ₹36.05 |
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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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.
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