Remus Pharmaceuticals IPO vs Spectrum Talent Management IPO

Comparison between Remus Pharmaceuticals IPO and Spectrum Talent Management IPO.

IPO Details

Remus Pharmaceuticals IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Spectrum Talent Management IPO is a SME Bookbuilding proposed to list at NSE SME.

	Remus Pharmaceuticals IPO	Spectrum Talent Management IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt.Ltd.	Sarthi Capital Advisors Pvt.Ltd.
Registrar	MUFG Intime India Pvt.Ltd.	Skyline Financial Services Pvt.Ltd.
Market Maker	Sunflower Broking Pvt.Ltd.	Rikhav Securities 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 Remus Pharmaceuticals IPO is up to ₹45.29 Cr whereas the issue size of the Spectrum Talent Management IPO is up to ₹99.88 Cr. The final issue price of Remus Pharmaceuticals IPO is ₹1,229.00 per share and of Spectrum Talent Management IPO is ₹173.00 per share.

	Remus Pharmaceuticals IPO	Spectrum Talent Management IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹1,150.00 per share	₹169.00 per share
Issue Price (Upper)	₹1,229.00 per share	₹173.00 per share
Issue Price (Final)	₹1,229.00 per share	₹173.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	100 shares	800 shares
Fresh Issue Size	3,68,500 shares	48,81,600 shares
Fresh Issue Size (Amount)	up to ₹45.29 Cr	up to ₹84.45 Cr
OFS Issue Size	0 shares	8,92,000 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹15.43 Cr
Issue Size Total	3,68,500 shares	57,73,600 shares
Issue Size Total (Amount)	up to ₹45.29 Cr	up to ₹99.88 Cr

IPO Timetable

Remus Pharmaceuticals IPO opens on May 17, 2023, while Spectrum Talent Management IPO opens on Jun 09, 2023. The closing date of Remus Pharmaceuticals IPO and Spectrum Talent Management IPO is May 19, 2023, and Jun 14, 2023, respectively.

	Remus Pharmaceuticals IPO	Spectrum Talent Management IPO
Anchor Bid Date	May 16, 2023
Issue Open	May 17, 2023	Jun 09, 2023
Issue Close	May 19, 2023	Jun 14, 2023
Basis Of Allotment (Tentative)	May 24, 2023	Jun 19, 2023
Initiation of Refunds (Tentative)	May 25, 2023	Jun 20, 2023
Credit of Share (Tentative)	May 26, 2023	Jun 21, 2023
Listing date (Tentative)	May 29, 2023	Jun 22, 2023
Anchor Lockin End date 1	Jun 23, 2023
Anchor Lockin End date 2	Aug 22, 2023

Financials & KPIs

Remus Pharmaceuticals IPO P/E ratio is 21.09, as compared to Spectrum Talent Management IPO P/E ratio of 15.

Remus Pharmaceuticals IPO

Spectrum Talent Management IPO

Financials

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

Spectrum Talent Management Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	4,081.10	32,362.37	675.96	1,500.36	1,025.36	422.19
31-Mar-21	4,630.20	30,296.00	476.41	1,976.30	1,026.30	60.72
31-Mar-22	6,479.29	48,372.17	1,552.71	2,827.37	1,972.37	1,026.88
31-Dec-22	8,657.66	58,415.74	1,997.46	4,844.57	3,053.82	255.09
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

92.82

100.00

Promoter Shareholding (Post-Issue)

68.37

72.25

P/E Ratio

21.09

Market Cap

₹181.03 Cr.

ROE

71.44%

ROCE

69.99%

Debt/Equity

0.03

EPS

₹33.86

₹10.25

RoNW

52.64%

42.99%

Shares Offered

In the Remus Pharmaceuticals IPO Retail Individual Investors (RII) are offered 1,29,000 shares while in Spectrum Talent Management IPO retail investors are offered 1,29,000 shares. Qualified Institutional Buyers (QIB) are offered 73,700 shares in Remus Pharmaceuticals IPO and 5,76,000 shares in Spectrum Talent Management IPO.

	Remus Pharmaceuticals IPO	Spectrum Talent Management IPO
Anchor Investor Reserveration	1,10,500 shares
Market Maker Reserveration	19,500 shares	3,04,000 shares
QIB	73,700 shares	5,76,000 shares
NII	55,300 shares	25,98,400 shares
RII	1,29,000 shares	25,99,200 shares
Employee
Others
Total	3,68,500 shares	57,73,600 shares

Bids Received (Subscription)

Remus Pharmaceuticals IPO subscribed 57.21x in total, whereas Spectrum Talent Management IPO subscribed 12.27x.

	Remus Pharmaceuticals IPO	Spectrum Talent Management IPO
QIB (times)	10.75x	11.21x
NII (times)	229.31x	11.68x
Big NII (times)
Small NII (times)
RII (times)	49.81x	13.10x
Employee (times)
Other (times)
Total (times)	57.21x	12.27x

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