59  Total SME IPOs listed in 2025

2,613.37 Crs.  Total funds raised in 2025

41  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

59  Total SME IPOs listed in 2025

2613.37 Crs.  Total funds raised in 2025

41  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

59  Total SME IPOs listed in 2025

2613.37 Crs.  Total funds raised in 2025

41  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

59  Total SME IPOs listed in 2025

2613.37 Crs.  Total funds raised in 2025

41  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

Earum Pharmaceuticals Limited IPO Analysis

Earum Pharmaceuticals IPO is a Fixed Price listing on BSE SME exchange. The company is based in Ahmedabad and caters to Pharmaceutical sector. Hem Securities is the merchant banker of Earum Pharmaceuticals IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 9th April 2019.

Earum Pharmaceuticals IPO posted revenues of ₹ 46.00 crores and PAT of ₹ 1.16 crores in FY19 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 45.99 Cr.
            EBITDA: ₹ 2.56 Cr.
            PAT: ₹ 1.15 Cr.
  • EBITDA Margin: 5.57 %
            Pat Margin: 2.49 %
  • Net Worth: ₹ 5.07 Cr.
  • Market Capitalisation: [●]
  • P/E: 19.00 times
  • P/BV: [●]
  • EV/EBITDA: [●]
Nature of IPO : SME
Exchange : BSE SME
IPO Type : Fixed Price

Earum Pharmaceuticals IPO Financial Performance (Restated)

Financial results of Earum Pharmaceuticals IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials Dec-18 FY18 FY17 FY16
Balance Sheet
Assets 27.41 20.52 11.08 8.78
Net Worth 5.07 4.21 1.52 1.36
Total Debt 7.89 7.22 2.08 1.89
Profit & Loss
Revenue
Revenue on annualised basis
34.49
45.99
35.43 23.33 18.56
EBITDA
EBITDA on annualised basis
1.92
2.56
1.46 0.31 0.47
PAT
PAT on annualised basis
0.86
1.15
0.85 0.15 0.09
Financials
31-Dec-18
FY18
FY17
FY16
Balance Sheet
Assets
27.41
20.52
11.08
8.78

Net Worth
5.07
4.21
1.52
1.36

Total Debt
7.89
7.22
2.08
1.89

Profit & Loss
Revenue
Revenue on annualised basis
34.49
45.99
35.43
23.33
18.56

EBITDA
EBITDA on annualised basis
1.92
2.56
1.46
0.31
0.47

PAT
PAT on annualised basis
0.86
1.15
0.85
0.15
0.09

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Earum Pharmaceuticals IPO Key performance Indicators (KPI)

Earum Pharmaceuticals IPO PAT Margin is 2.49 % , ROCE (Return on Capital Employed) is [●] % as per latest financial. The below table shows Earum Pharmaceuticals IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars Dec-18 FY18 FY17 FY16
EBITDA Margin (%) 5.57 4.12 1.33 2.53
PAT Margin (%) 2.49 2.40 0.64 0.48
EPS (₹) 2.00 3.50 1.06 0.88
ROE (%) 16.96 20.19 9.87 6.62
ROCE (%) [●] [●] [●] [●]
ROA (%) 3.14 4.14 1.35 1.03
Debt to Equity 1.56 1.71 1.37 1.39
Particulars
31-Dec-18
FY18
FY17
FY16

EBITDA Margin (%)
5.57
4.12
1.33
2.53

PAT Margin (%)
2.49
2.40
0.64
0.48

EPS (₹)
2.00
3.50
1.06
0.88

ROE (%)
16.96
20.19
9.87
6.62

ROCE (%)
[●]
[●]
[●]
[●]

ROA (%)
3.14
4.14
1.35
1.03

Debt to Equity (x)  
1.56
1.71
1.37
1.39

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Earum Pharmaceuticals IPO Valuation Metrics

The market Capitalisation of Earum Pharmaceuticals IPO is ₹ [●] crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
[●]

Enterprise Value (EV) (₹ Cr.):
[●]

EV/EBITDA (times) :
[●]

PE Multiple (times) :
19.00

P/B (times) :
[●]

NAV (₹) :
164.50

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Earum Pharmaceuticals prospectus?

The Earum Pharmaceuticals IPO prospectus highlights an Return on Equity (ROE) of 15 %, Return on Assets (ROA) of 12 %, and an EBITDA Margin of 18 %, showcasing financial performance.

How do profitability ratios impact the evaluation of Earum Pharmaceuticals IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Earum Pharmaceuticals IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Earum Pharmaceuticals IPO ?

The post-IPO market capitalisation of Earum Pharmaceuticals IPO is ₹ [●] Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Earum Pharmaceuticals IPO?

The Earum Pharmaceuticals IPO has a Price-to-Earnings (PE) ratio of 19.00 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Earum Pharmaceuticals IPO?

Earum Pharmaceuticals IPO reported revenue of ₹ 46.00 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Earum Pharmaceuticals IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Earum Pharmaceuticals IPO?

Earum Pharmaceuticals recorded an EBITDA of ₹ 2.56 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Earum Pharmaceuticals IPO?

Earum Pharmaceuticals Profit After Tax (PAT) is ₹ 1.15 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 45.99 Cr.
            EBITDA: ₹ 2.56 Cr.
            PAT: ₹ 1.15 Cr.
  • EBITDA Margin: 5.57 %
            Pat Margin: 2.49 %
  • Net Worth: ₹ 5.07 Cr.
  • Market Capitalisation: [●]
  • P/E: 19.00 times
  • P/BV: [●]
  • EV/EBITDA: [●]

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Earum Pharmaceuticals operates in Pharmaceutical and . The Issue is listed on BSE SME in Jul, 2019. Earum Pharmaceuticals IPO size was 6.65 with Issue price of 36.00 .

Earum Pharmaceuticals IPO subscription was 1.60 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Earum Pharmaceuticals IPO listed at a listing price of 36.05 against the offer price of 36.00.

The current market price of Earum Pharmaceuticals is 1.43.

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