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Open
17 May 2023
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Close
19 May 2023
3
Allotment
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Listing
Mon, May 29, 2023
Price Band
₹1150 to ₹1229
Issue Size
3,88,000 shares (agg. up to ₹48 Cr)
Lot Size
100 Shares
Listing Date
Mon, May 29, 2023
Latest GMP
₹575
Est. Gain
46.79%
✦ AI Insight
GMP Trend
29-05-2023₹575Est. ₹1804+46.79%
28-05-2023₹575Est. ₹1804+46.79%
27-05-2023₹575Est. ₹1804+46.79%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 42.54x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 33.53 | 15.91 | 11.05 | 5.30 |
| Total Income | 33.61 | 25.44 | 19.22 | 12.77 |
| Profit After Tax | 6.44 | 3.39 | 1.03 | 0.81 |
| NET Worth | 17.12 | 6.43 | 3.05 | 2.02 |
| Reserves and Surplus | 16.04 | 5.43 | 3.04 | 2.01 |
| Total Borrowing | 9.47 | 0.19 | 0.28 | 0.36 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Infinium Pharmachem Ltd. | SME | ₹25.25 Cr | ₹135 | 7.83 | ₹147.80 | +9.48% | ₹206.05 (-3.04%) |
| Sotac Pharmaceuticals Ltd. | SME | ₹33.30 Cr | ₹111 | 132.14 | ₹120.75 | +8.78% | ₹95.10 (-4.90%) |
| Trident Lifeline Ltd. | SME | ₹35.34 Cr | ₹101 | 51.53 | ₹108.15 | +7.08% | ₹260.90 (+1.89%) |
| Dipna Pharmachem Ltd. | SME | ₹15.21 Cr | ₹38 | 39 | ₹33.40 | -12.11% | ₹5.40 (-0.74%) |
| JFL Life Sciences Ltd. | SME | ₹18.17 Cr | ₹61 | 26.52 | ₹66.50 | +9.02% | ₹11.00 (+3.77%) |
| Mankind Pharma Ltd. | Mainboard | ₹4,326.36 Cr | ₹1080 | 32.5 | ₹1,080.00 | +0.00% | ₹2,546.00 (-0.06%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirements | 30.30 |
| 2 | Funding investments for acquisitions and general corporate purposes | 16.38 |
| 3 | Public Issue Expenses | 1.00 |
About Remus Pharmaceuticals IPO
Incorporated in 2015, Remus Pharmaceuticals Limited is engaged in the marketing and distributing of finished formulations of pharmaceutical drugs. The product offerings of the company can be classified into two major categories: APIs: Active Pharmaceutical Ingredient (API) is the biologically active component of a drug product (tablet, capsule, cream, injectable) that produces the intended effects. Finished Pharmaceutical Formulations: Finished pharmaceutical formulations are therapeutic drugs available in different dosage forms. The product portfolio consists of 429 products, as on January 31, 2023. They operate under different brand names across the globe. As on January 31, 2023, the company has 295 products registered in a total of 13 countries. As on January 31, 2023, a total of 134 ;products are under the process of registration in 16 countries. As on January 31, 2023, Remus Pharmaceuticals had business-to-business supply agreements with 58 domestic distributors and 139 international distributors for distribution and/or contract manufacturing supply. The company has cultivated strong and dependable customer relationships and its clients are spread in more than 20 countries. Th
Contact Details
Remus Pharmaceuticals Ltd. Address1101 to 1103, South Tower, One 42B/H Ashok Vatika, Nr.Jayantilal Park BRTSAmbli bopal RoadAhmedabad, Gujarat, 380054+079- 2999 9857cs@remuspharma.comVisit Website