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Proventus Agrocom IPO vs Remus Pharmaceuticals IPO

Comparison between Proventus Agrocom IPO and Remus Pharmaceuticals IPO.

IPO Details

Proventus Agrocom 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.

 Proventus Agrocom IPORemus Pharmaceuticals IPO
LogoProventus Agrocom IPO LogoRemus Pharmaceuticals IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersSundae Capital Advisors Pvt.Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerAjcon Global Services Ltd.Sunflower Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Proventus Agrocom IPO is up to ₹66.06 Cr whereas the issue size of the Remus Pharmaceuticals IPO is up to ₹45.29 Cr. The final issue price of Proventus Agrocom IPO is ₹771.00 per share and of Remus Pharmaceuticals IPO is ₹1,229.00 per share.

 Proventus Agrocom IPORemus Pharmaceuticals IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹1,150.00 per share
Issue Price (Upper)₹1,229.00 per share
Issue Price (Final)₹771.00 per share₹1,229.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size160 shares100 shares
Fresh Issue Size6,26,653 shares3,68,500 shares
Fresh Issue Size (Amount)up to ₹48.31 Crup to ₹45.29 Cr
OFS Issue Size2,30,147 shares0 shares
OFS Issue Size (Amount)up to ₹17.74 Crup to ₹0.00 Cr
Issue Size Total8,56,800 shares3,68,500 shares
Issue Size Total (Amount)up to ₹66.06 Crup to ₹45.29 Cr

IPO Timetable

Proventus Agrocom IPO opens on May 24, 2023, while Remus Pharmaceuticals IPO opens on May 17, 2023. The closing date of Proventus Agrocom IPO and Remus Pharmaceuticals IPO is May 26, 2023, and May 19, 2023, respectively.

 Proventus Agrocom IPORemus Pharmaceuticals IPO
Anchor Bid DateMay 16, 2023
Issue OpenMay 24, 2023May 17, 2023
Issue CloseMay 26, 2023May 19, 2023
Basis Of Allotment (Tentative)May 31, 2023May 24, 2023
Initiation of Refunds (Tentative)Jun 01, 2023May 25, 2023
Credit of Share (Tentative)Jun 02, 2023May 26, 2023
Listing date (Tentative)Jun 05, 2023May 29, 2023
Anchor Lockin End date 1Jun 23, 2023
Anchor Lockin End date 2Aug 22, 2023

Financials & KPIs

Proventus Agrocom IPO P/E ratio is 186.23, as compared to Remus Pharmaceuticals IPO P/E ratio of 21.09.

 Proventus Agrocom IPORemus Pharmaceuticals IPO
Financials
Proventus Agrochem Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-208,936.9490,089.01-2,190.465,663.584,731.011,728.54
31-Mar-218,843.3630,173.92187.905,844.504,911.922,940.72
31-Mar-2210,131.1340,434.57114.035,966.755,034.173,444.05
31-Dec-229,735.3731,909.63189.826,167.315,234.743,061.13
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)92.2992.82
Promoter Shareholding (Post-Issue)70.8468.37
P/E Ratio186.2321.09
Market Cap₹264.27 Cr.₹181.03 Cr.
ROE0.04%71.44%
ROCE0.05%69.99%
Debt/Equity0.560.03
EPS₹4.14₹33.86
RoNW3.08%52.64%

Shares Offered

In the Proventus Agrocom IPO Retail Individual Investors (RII) are offered 4,28,450 shares while in Remus Pharmaceuticals IPO retail investors are offered 4,28,450 shares. Qualified Institutional Buyers (QIB) are offered in Proventus Agrocom IPO and 73,700 shares in Remus Pharmaceuticals IPO.

 Proventus Agrocom IPORemus Pharmaceuticals IPO
Anchor Investor Reserveration1,10,500 shares
Market Maker Reserveration45,120 shares19,500 shares
QIB73,700 shares
NII4,28,450 shares55,300 shares
RII4,28,450 shares1,29,000 shares
Employee
Others
Total8,56,900 shares3,68,500 shares

Bids Received (Subscription)

Proventus Agrocom IPO subscribed 2.70x in total, whereas Remus Pharmaceuticals IPO subscribed 57.21x.

 Proventus Agrocom IPORemus Pharmaceuticals IPO
QIB (times)10.75x
NII (times)4.65x229.31x
Big NII (times)
Small NII (times)
RII (times)0.74x49.81x
Employee (times)
Other (times)
Total (times)2.70x57.21x