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Remus Pharmaceuticals IPO vs Vasa Denticity IPO

Comparison between Remus Pharmaceuticals IPO and Vasa Denticity IPO.

IPO Details

Remus Pharmaceuticals IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Vasa Denticity IPO is a SME Bookbuilding proposed to list at NSE SME.

 Remus Pharmaceuticals IPOVasa Denticity IPO
LogoRemus Pharmaceuticals IPO LogoVasa Denticity IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Hem Securities Ltd.
RegistrarMUFG Intime India Pvt.Ltd.MAS Services Ltd.
Market MakerSunflower Broking Pvt.Ltd.Hem Finlease 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 Remus Pharmaceuticals IPO is up to ₹45.29 Cr whereas the issue size of the Vasa Denticity IPO is up to ₹51.30 Cr. The final issue price of Remus Pharmaceuticals IPO is ₹1,229.00 per share and of Vasa Denticity IPO is ₹128.00 per share.

 Remus Pharmaceuticals IPOVasa Denticity IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹1,150.00 per share₹121.00 per share
Issue Price (Upper)₹1,229.00 per share₹128.00 per share
Issue Price (Final)₹1,229.00 per share₹128.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size100 shares1000 shares
Fresh Issue Size3,68,500 shares29,58,000 shares
Fresh Issue Size (Amount)up to ₹45.29 Crup to ₹37.86 Cr
OFS Issue Size0 shares10,50,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹13.44 Cr
Issue Size Total3,68,500 shares40,08,000 shares
Issue Size Total (Amount)up to ₹45.29 Crup to ₹51.30 Cr

IPO Timetable

Remus Pharmaceuticals IPO opens on May 17, 2023, while Vasa Denticity IPO opens on May 23, 2023. The closing date of Remus Pharmaceuticals IPO and Vasa Denticity IPO is May 19, 2023, and May 25, 2023, respectively.

 Remus Pharmaceuticals IPOVasa Denticity IPO
Anchor Bid DateMay 16, 2023May 22, 2023
Issue OpenMay 17, 2023May 23, 2023
Issue CloseMay 19, 2023May 25, 2023
Basis Of Allotment (Tentative)May 24, 2023May 30, 2023
Initiation of Refunds (Tentative)May 25, 2023May 31, 2023
Credit of Share (Tentative)May 26, 2023Jun 01, 2023
Listing date (Tentative)May 29, 2023Jun 02, 2023
Anchor Lockin End date 1Jun 23, 2023Jun 29, 2023
Anchor Lockin End date 2Aug 22, 2023Aug 28, 2023

Financials & KPIs

Remus Pharmaceuticals IPO P/E ratio is 21.09, as compared to Vasa Denticity IPO P/E ratio of 30.62.

 Remus Pharmaceuticals IPOVasa Denticity IPO
Financials
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
Vasa Denticity Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20481.783,045.139.4427.207.2064.57
31-Mar-21691.054,017.7232.5859.7839.78197.24
31-Mar-221,945.917,714.08540.98600.76580.76326.29
31-Dec-222,695.188,757.11501.901,102.661,082.66266.31
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)92.8295.00
Promoter Shareholding (Post-Issue)68.3769.62
P/E Ratio21.0930.62
Market Cap₹181.03 Cr.₹205.01 Cr.
ROE71.44%0.46%
ROCE69.99%0.54%
Debt/Equity0.030.24
EPS₹33.86₹4.43
RoNW52.64%90.05%

Shares Offered

In the Remus Pharmaceuticals IPO Retail Individual Investors (RII) are offered 1,29,000 shares while in Vasa Denticity IPO retail investors are offered 1,29,000 shares. Qualified Institutional Buyers (QIB) are offered 73,700 shares in Remus Pharmaceuticals IPO and 8,02,000 shares in Vasa Denticity IPO.

 Remus Pharmaceuticals IPOVasa Denticity IPO
Anchor Investor Reserveration1,10,500 shares12,00,000 shares
Market Maker Reserveration19,500 shares2,16,000 shares
QIB73,700 shares8,02,000 shares
NII55,300 shares6,02,000 shares
RII1,29,000 shares14,04,000 shares
Employee
Others
Total3,68,500 shares40,08,000 shares

Bids Received (Subscription)

Remus Pharmaceuticals IPO subscribed 57.21x in total, whereas Vasa Denticity IPO subscribed 73.14x.

 Remus Pharmaceuticals IPOVasa Denticity IPO
QIB (times)10.75x37.26x
NII (times)229.31x156.09x
Big NII (times)
Small NII (times)
RII (times)49.81x58.07x
Employee (times)
Other (times)
Total (times)57.21x73.14x