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Earum Pharmaceuticals Limited Rights Issue (Earum Pharmaceuticals Rights Issue 2023) Detail

May 2, 2023 - May 31, 2023
Earum Pharmaceuticals Limited Logo

Incorporated in 2012, Earum Pharmaceuticals Limited is engaged in the pharmaceutical business involving marketing, trading, and distribution of pharmaceutical formulation products.

Earum Pharmaceuticals' product range includes anti-biotic drugs, anti-malarial drugs, anti-allergic & anti-cold drugs, analgesic/antipyretic & anti-inflammatory drugs, dermatology products, cerebral activator drugs, neurological drugs, gastrointestinal drugs, steroids, gynecology drugs, calcium, multivitamins, anti-oxidants, and injections.

Currently, the company has its presence in Indian States such as Gujarat, Maharashtra, Chhattisgarh, Uttar Pradesh, Mizoram, Andhra Pradesh, Rajasthan, Madhya Pradesh, Manipur, Assam, Meghalaya, Kerala, Telangana, etc., and intends to penetrate international markets as well.

Earum Pharmaceuticals Rights Issue 2023 Detail

Issue Open May 2, 2023 - May 31, 2023
Security Name Earum Pharmaceuticals Limited
Issue Size (Shares) 246,716,400
Issue Size (Amount) ₹49.34 Crores
Issue Price ₹2 per share
Face Value ₹2 per share
Listing At BSE
Terms of Payment

Investors will have to pay Rs. 0.50 at the time of allotment, Rs. 0.50 at the time of 1st Call, Rs. 0.50 at the time of 2nd Call and Rs. 0.50 at the time of 3rd and Final Call.

Entitlement 4 Equity Shares for every 1 Equity Shares held on the Record Date

Earum Pharmaceuticals Rights Issue 2023 Issue Timetable

Last Date to buy sharesApril 6, 2023
Record Date April 10, 2023
Credit of Rights Entitlements April 26, 2023
Bid/Offer Opens On May 2, 2023
Renunciation of Rights Entitlements May 26, 2023
Bid/Offer Closes On May 31, 2023
Deemed Date of Allotment June 20, 2023
Credit Date June 21, 2023
Listing Date June 26, 2023

Company Financials

Earum Pharmaceuticals Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxReserves and Surplus
31-Mar-2036.1657.381.828.25
31-Mar-2127.8750.020.098.33
31-Mar-2228.7928.742.224.39
Amount in ₹ Crore

Objects of the Issue:

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. For working capital requirements.
  2. Repayment of loan.
  3. General corporate purposes.

Earum Pharmaceuticals Rights Issue 2023 Documents

Earum Pharmaceuticals Rights Issue 2023 Rating

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Earum Pharmaceuticals Rights Issue 2023 Reviews

Company Contact Information

Earum Pharmaceuticals Limited
A-1106, Empire Business Hub,
Near AUDA Water Tank, Science City Road,
Sola, Ahmedabad - 380060

Phone: (079)-48402525
Email: cs@earumpharma.com
Website: http://www.earumpharma.com

Earum Pharmaceuticals Rights Issue 2023 Registrar

  1. Bigshare Services Pvt Ltd
    Phone: +91-22-6263 8200
    Email: rightsissue@bigshareonline.com
    Website: https://ipo.bigshareonline.com/ipo_status.html

Earum Pharmaceuticals Rights Issue 2023 Lead Manager(s)

Earum Pharmaceuticals Rights Issue 2023 FAQs

The Earum Pharmaceuticals Rights Issue 2023 opens on May 2, 2023, and closes on May 31, 2023.

Earum Pharmaceuticals Rights Issue 2023 Schedule

Last Date for credit of Rights EntitlementsApril 26, 2023
Last Date for renunciation of Rights EntitlementsMay 26, 2023
Issue Opening DateMay 2, 2023
Issue Closing DateMay 31, 2023
Date of Allotment (on or about)June 20, 2023
Date of Credit (on or about)June 21, 2023
Date of Listing (on or about)June 26, 2023

Earum Pharmaceuticals Rights Issue 2023 price is set at ₹2 per share per equity share.

The eligible shareholders are being offered 4 Equity Shares for every 1 Equity Shares held on the Record Date (April 10, 2023).

The record date for the Earum Pharmaceuticals Rights Issue 2023 is April 10, 2023.

The issue size of Earum Pharmaceuticals Rights Issue 2023 is of 246,716,400 equity shares at ₹2 per share aggregating upto ₹49.34 Crores.

The Letter of Offer for Earum Pharmaceuticals Rights Issue 2023 can be download here.

You can apply for Earum Pharmaceuticals Rights Issue 2023 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Earum Pharmaceuticals Rights Issue 2023 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Earum Pharmaceuticals Rights Issue 2023 available on the list.
  4. Click the Apply button next to the Earum Pharmaceuticals Rights Issue 2023.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Earum Pharmaceuticals Rights Issue 2023 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Earum Pharmaceuticals Rights Issue 2023 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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