Cello World IPO vs IRM Energy IPO

Comparison between Cello World IPO and IRM Energy IPO.

IPO Details

Cello World IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while IRM Energy IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Cello World IPO is up to ₹1,900.00 Cr whereas the issue size of the IRM Energy IPO is up to ₹545.00 Cr. The final issue price of Cello World IPO is ₹648.00 per share and of IRM Energy IPO is ₹505.00 per share.

 Cello World IPOIRM Energy IPO
Face Value₹5 per share₹10 per share
Issue Price (Lower)₹617.00 per share₹480.00 per share
Issue Price (Upper)₹648.00 per share₹505.00 per share
Issue Price (Final)₹648.00 per share₹505.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹61.00 per share₹48.00 per share
Market Lot Size23 shares29 shares
Fresh Issue Size0 shares1,08,00,000 shares
Fresh Issue Size (Amount)up to ₹0.00 Crup to ₹545.00 Cr
OFS Issue Size2,93,37,023 shares0 shares
OFS Issue Size (Amount)up to ₹1,900.00 Crup to ₹0.00 Cr
Issue Size Total2,93,37,023 shares1,08,00,000 shares
Issue Size Total (Amount)up to ₹1,900.00 Crup to ₹545.00 Cr

IPO Timetable

Cello World IPO opens on Oct 30, 2023, while IRM Energy IPO opens on Oct 18, 2023. The closing date of Cello World IPO and IRM Energy IPO is Nov 01, 2023, and Oct 20, 2023, respectively.

 Cello World IPOIRM Energy IPO
Anchor Bid DateOct 27, 2023Oct 17, 2023
Issue OpenOct 30, 2023Oct 18, 2023
Issue CloseNov 01, 2023Oct 20, 2023
Basis Of Allotment (Tentative)Nov 02, 2023Oct 27, 2023
Initiation of Refunds (Tentative)Nov 02, 2023Oct 27, 2023
Credit of Share (Tentative)Nov 03, 2023Oct 30, 2023
Listing date (Tentative)Nov 06, 2023Oct 26, 2023
Anchor Lockin End date 1Dec 02, 2023Nov 26, 2023
Anchor Lockin End date 2Jan 31, 2024Jan 25, 2024

Financials & KPIs

Cello World IPO P/E ratio is , as compared to IRM Energy IPO P/E ratio of 24.13.

 Cello World IPOIRM Energy IPO
Financials

Company Financials (Restated Consolidated)

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,686.051,551.691,333.661,146.51
Total Income479.881,813.441,375.111,059.58
Profit After Tax82.83285.07219.52165.55
NET Worth1,226.56665.73444.04289.59
Reserves and Surplus149.61238.7587.26-107.04
Total Borrowing328.64335.11462.91334.07
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets838.21792.90554.80338.11267.16
Total Income248.631,045.10549.19212.54166.13
Profit After Tax26.9163.14128.0334.8921.07
NET Worth373.33346.42243.72117.6074.74
Reserves and Surplus193.3067.5730.31
Total Borrowing321.24303.83202.59163.35146.74
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)91.867.94
Promoter Shareholding (Post-Issue)78.06
P/E Ratio24.13
Market Cap₹13752.57 Cr.₹2073.51 Cr.
ROE39.9%18.23%
ROCE44.48%14.19%
Debt/Equity0.620.93
EPS₹13.65₹20.93
RoNW23.17%18.23%

Shares Offered

In the Cello World IPO Retail Individual Investors (RII) are offered 1,02,08,334 shares while in IRM Energy IPO retail investors are offered 1,02,08,334 shares. Qualified Institutional Buyers (QIB) are offered 58,33,333 shares in Cello World IPO and 21,16,800 shares in IRM Energy IPO.

 Cello World IPOIRM Energy IPO
Anchor Investor Reservation87,49,999 shares31,75,200 shares
Market Maker Reservation
QIB58,33,333 shares21,16,800 shares
NII43,75,000 shares15,87,600 shares
RII1,02,08,334 shares37,04,400 shares
Employee1,70,357 shares2,16,000 shares
Others
Total2,93,37,023 shares1,08,00,000 shares

Bids Received (Subscription)

Cello World IPO subscribed 41.69x in total, whereas IRM Energy IPO subscribed 27.05x.

 Cello World IPOIRM Energy IPO
QIB (times)122.20x44.73x
NII (times)25.65x48.34x
Big NII (times)30.02x52.29x
Small NII (times)16.91x40.46x
RII (times)3.21x9.29x
Employee (times)2.74x2.05x
Other (times)
Total (times)41.69x27.05x

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