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Innokaiz India IPO vs Remus Pharmaceuticals IPO

Comparison between Innokaiz India IPO and Remus Pharmaceuticals IPO.

IPO Details

Innokaiz India IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Remus Pharmaceuticals IPO is a SME Bookbuilding proposed to list at NSE SME.

 Innokaiz India IPORemus Pharmaceuticals IPO
LogoInnokaiz India IPO LogoRemus Pharmaceuticals IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersGretex Corporate Services Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerGretex Share Broking Pvt.Ltd.Sunflower Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Innokaiz India IPO is up to ₹20.11 Cr whereas the issue size of the Remus Pharmaceuticals IPO is up to ₹45.29 Cr. The final issue price of Innokaiz India IPO is ₹78.00 per share and of Remus Pharmaceuticals IPO is ₹1,229.00 per share.

 Innokaiz India IPORemus Pharmaceuticals IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹76.00 per share₹1,150.00 per share
Issue Price (Upper)₹78.00 per share₹1,229.00 per share
Issue Price (Final)₹78.00 per share₹1,229.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares100 shares
Fresh Issue Size25,77,600 shares3,68,500 shares
Fresh Issue Size (Amount)up to ₹20.11 Crup to ₹45.29 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total25,77,600 shares3,68,500 shares
Issue Size Total (Amount)up to ₹20.11 Crup to ₹45.29 Cr

IPO Timetable

Innokaiz India IPO opens on Apr 28, 2023, while Remus Pharmaceuticals IPO opens on May 17, 2023. The closing date of Innokaiz India IPO and Remus Pharmaceuticals IPO is May 03, 2023, and May 19, 2023, respectively.

 Innokaiz India IPORemus Pharmaceuticals IPO
Anchor Bid DateApr 27, 2023May 16, 2023
Issue OpenApr 28, 2023May 17, 2023
Issue CloseMay 03, 2023May 19, 2023
Basis Of Allotment (Tentative)May 08, 2023May 24, 2023
Initiation of Refunds (Tentative)May 09, 2023May 25, 2023
Credit of Share (Tentative)May 10, 2023May 26, 2023
Listing date (Tentative)May 11, 2023May 29, 2023
Anchor Lockin End date 1Jun 07, 2023Jun 23, 2023
Anchor Lockin End date 2Aug 06, 2023Aug 22, 2023

Financials & KPIs

Innokaiz India IPO P/E ratio is , as compared to Remus Pharmaceuticals IPO P/E ratio of 21.09.

 Innokaiz India IPORemus Pharmaceuticals IPO
Financials
Innokaiz India Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-202,568.3813,872.44361.55541.93540.93110.60
31-Mar-213,871.0718,506.21509.151,051.091,050.09103.52
31-Mar-224,972.4728,609.09791.631,842.721,841.72132.17
31-Oct-224,763.1514,883.52610.282,453.001,702.0093.62
Amount in ₹ Lakhs
Remus Pharmaceuticals Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20530.361,276.8981.16202.03201.0335.93
31-Mar-211,104.961,922.45102.58304.61303.6127.89
31-Mar-221,590.932,543.71338.57643.17543.1719.17
31-Dec-223,352.963,361.20643.901,712.071,603.57947.45
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)98.0092.82
Promoter Shareholding (Post-Issue)71.9968.37
P/E Ratio21.09
Market Cap₹181.03 Cr.
ROE71.44%
ROCE69.99%
Debt/Equity0.03
EPS₹33.86
RoNW52.64%

Shares Offered

In the Innokaiz India IPO Retail Individual Investors (RII) are offered 9,02,400 shares while in Remus Pharmaceuticals IPO retail investors are offered 9,02,400 shares. Qualified Institutional Buyers (QIB) are offered 5,15,200 shares in Innokaiz India IPO and 73,700 shares in Remus Pharmaceuticals IPO.

 Innokaiz India IPORemus Pharmaceuticals IPO
Anchor Investor Reserveration7,72,800 shares1,10,500 shares
Market Maker Reserveration1,36,000 shares19,500 shares
QIB5,15,200 shares73,700 shares
NII3,87,200 shares55,300 shares
RII9,02,400 shares1,29,000 shares
Employee
Others
Total25,77,600 shares3,68,500 shares

Bids Received (Subscription)

Innokaiz India IPO subscribed 95.08x in total, whereas Remus Pharmaceuticals IPO subscribed 57.21x.

 Innokaiz India IPORemus Pharmaceuticals IPO
QIB (times)23.93x10.75x
NII (times)303.92x229.31x
Big NII (times)
Small NII (times)
RII (times)46.10x49.81x
Employee (times)
Other (times)
Total (times)95.08x57.21x