Auro Impex IPO vs Remus Pharmaceuticals IPO

Comparison between Auro Impex IPO and Remus Pharmaceuticals IPO.

IPO Details

Auro Impex IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Remus Pharmaceuticals IPO is a SME Bookbuilding proposed to list at NSE SME.

	Auro Impex IPO	Remus Pharmaceuticals IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Affinity Global Capital Market Pvt.Ltd.	Beeline Capital Advisors Pvt.Ltd.
Registrar	Cameo Corporate Services Ltd.	MUFG Intime India Pvt.Ltd.
Market Maker	Rikhav Securities Ltd.	Sunflower Broking Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Auro Impex IPO is up to ₹25.71 Cr whereas the issue size of the Remus Pharmaceuticals IPO is up to ₹45.29 Cr. The final issue price of Auro Impex IPO is ₹78.00 per share and of Remus Pharmaceuticals IPO is ₹1,229.00 per share.

	Auro Impex IPO	Remus Pharmaceuticals IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹74.00 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 Size	1600 shares	100 shares
Fresh Issue Size	27,45,600 shares	3,68,500 shares
Fresh Issue Size (Amount)	up to ₹21.42 Cr	up to ₹45.29 Cr
OFS Issue Size	5,50,400 shares	0 shares
OFS Issue Size (Amount)	up to ₹4.29 Cr	up to ₹0.00 Cr
Issue Size Total	32,96,000 shares	3,68,500 shares
Issue Size Total (Amount)	up to ₹25.71 Cr	up to ₹45.29 Cr

IPO Timetable

Auro Impex IPO opens on May 11, 2023, while Remus Pharmaceuticals IPO opens on May 17, 2023. The closing date of Auro Impex IPO and Remus Pharmaceuticals IPO is May 15, 2023, and May 19, 2023, respectively.

	Auro Impex IPO	Remus Pharmaceuticals IPO
Anchor Bid Date		May 16, 2023
Issue Open	May 11, 2023	May 17, 2023
Issue Close	May 15, 2023	May 19, 2023
Basis Of Allotment (Tentative)	May 18, 2023	May 24, 2023
Initiation of Refunds (Tentative)	May 19, 2023	May 25, 2023
Credit of Share (Tentative)	May 22, 2023	May 26, 2023
Listing date (Tentative)	May 23, 2023	May 29, 2023
Anchor Lockin End date 1		Jun 23, 2023
Anchor Lockin End date 2		Aug 22, 2023

Financials & KPIs

Auro Impex IPO P/E ratio is 12.07, as compared to Remus Pharmaceuticals IPO P/E ratio of 21.09.

Auro Impex IPO

Remus Pharmaceuticals IPO

Financials

Auro Impex & Chemicals Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	2,841.42	3,760.98	27.01		322.62
31-Mar-21	3,360.59	7,372.70	90.54		413.16
31-Mar-22	6,219.56	15,184.93	230.03	1,155.04	1,077.70	3,679.97
31-Mar-23	8,228.09	23,296.54	599.92	1,754.96	826.88	4,875.92
Amount in ₹ Lakhs

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

Promoter Shareholding (Pre-Issue)

99.99

92.82

Promoter Shareholding (Post-Issue)

68.37

P/E Ratio

12.07

21.09

Market Cap

₹95.17 Cr.

₹181.03 Cr.

ROE

71.44%

ROCE

69.99%

Debt/Equity

2.77

0.03

EPS

₹6.00

₹33.86

RoNW

19.92%

52.64%

Shares Offered

In the Auro Impex IPO Retail Individual Investors (RII) are offered 18,46,400 shares while in Remus Pharmaceuticals IPO retail investors are offered 18,46,400 shares. Qualified Institutional Buyers (QIB) are offered 3,29,600 shares in Auro Impex IPO and 73,700 shares in Remus Pharmaceuticals IPO.

	Auro Impex IPO	Remus Pharmaceuticals IPO
Anchor Investor Reserveration		1,10,500 shares
Market Maker Reserveration	1,74,400 shares	19,500 shares
QIB	3,29,600 shares	73,700 shares
NII	11,20,000 shares	55,300 shares
RII	18,46,400 shares	1,29,000 shares
Employee
Others
Total	32,96,000 shares	3,68,500 shares

Bids Received (Subscription)

Auro Impex IPO subscribed 66.94x in total, whereas Remus Pharmaceuticals IPO subscribed 57.21x.

	Auro Impex IPO	Remus Pharmaceuticals IPO
QIB (times)	31.67x	10.75x
NII (times)	104.05x	229.31x
Big NII (times)
Small NII (times)
RII (times)	50.72x	49.81x
Employee (times)
Other (times)
Total (times)	66.94x	57.21x

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