Comparison between CLN Energy IPO and Rikhav Securities IPO.
CLN Energy IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Rikhav Securities IPO is a SME Bookbuilding proposed to list at BSE SME.
| CLN Energy IPO | Rikhav Securities IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Aryaman Financial Services Ltd. | Smart Horizon Capital Advisors Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | MUFG Intime India Pvt.Ltd. |
| Market Maker | Aryaman Capital Markets Ltd. | Shreni Shares Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of CLN Energy IPO is up to ₹68.40 Cr whereas the issue size of the Rikhav Securities IPO is up to ₹84.31 Cr. The final issue price of CLN Energy IPO is ₹250.00 per share and of Rikhav Securities IPO is ₹86.00 per share.
| CLN Energy IPO | Rikhav Securities IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹5 per share |
| Issue Price (Lower) | ₹235.00 per share | ₹82.00 per share |
| Issue Price (Upper) | ₹250.00 per share | ₹86.00 per share |
| Issue Price (Final) | ₹250.00 per share | ₹86.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹0.00 per share | |
| Market Lot Size | 600 shares | 1600 shares |
| Fresh Issue Size | 27,36,000 shares | 78,03,200 shares |
| Fresh Issue Size (Amount) | up to ₹68.40 Cr | up to ₹67.11 Cr |
| OFS Issue Size | 0 shares | 20,00,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹17.20 Cr |
| Issue Size Total | 27,36,000 shares | 98,03,200 shares |
| Issue Size Total (Amount) | up to ₹68.40 Cr | up to ₹84.31 Cr |
CLN Energy IPO opens on Jan 23, 2025, while Rikhav Securities IPO opens on Jan 15, 2025. The closing date of CLN Energy IPO and Rikhav Securities IPO is Jan 27, 2025, and Jan 17, 2025, respectively.
| CLN Energy IPO | Rikhav Securities IPO | |
|---|---|---|
| Anchor Bid Date | Jan 22, 2025 | Jan 14, 2025 |
| Issue Open | Jan 23, 2025 | Jan 15, 2025 |
| Issue Close | Jan 27, 2025 | Jan 17, 2025 |
| Basis Of Allotment (Tentative) | Jan 28, 2025 | Jan 20, 2025 |
| Initiation of Refunds (Tentative) | Jan 29, 2025 | Jan 21, 2025 |
| Credit of Share (Tentative) | Jan 29, 2025 | Jan 21, 2025 |
| Listing date (Tentative) | Jan 30, 2025 | Jan 22, 2025 |
| Anchor Lockin End date 1 | Feb 27, 2025 | Feb 19, 2025 |
| Anchor Lockin End date 2 | Apr 28, 2025 | Apr 20, 2025 |
CLN Energy IPO P/E ratio is 19.57, as compared to Rikhav Securities IPO P/E ratio of 6.04.
| CLN Energy IPO | Rikhav Securities IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 99.99 | 90.55 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 72.6 | 65.63 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 19.57 | 6.04 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹263.83 Cr. | ₹329.31 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 115 | 36.60 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 91.55 | 29.48 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.35 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹12.78 | ₹14.23 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 73.19 | 30.89 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the CLN Energy IPO Retail Individual Investors (RII) are offered 9,57,600 shares while in Rikhav Securities IPO retail investors are offered 9,57,600 shares. Qualified Institutional Buyers (QIB) are offered 5,47,200 shares in CLN Energy IPO and 19,55,200 shares in Rikhav Securities IPO.
| CLN Energy IPO | Rikhav Securities IPO | |
|---|---|---|
| Anchor Investor Reservation | 8,20,800 shares | 29,20,000 shares |
| Market Maker Reservation | 1,56,000 shares | 5,24,800 shares |
| QIB | 5,47,200 shares | 19,55,200 shares |
| NII | 4,10,400 shares | 14,80,000 shares |
| RII | 9,57,600 shares | 34,48,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 27,36,000 shares | 98,03,200 shares |
CLN Energy IPO subscribed 3.80x in total, whereas Rikhav Securities IPO subscribed 215.56x.
| CLN Energy IPO | Rikhav Securities IPO | |
|---|---|---|
| QIB (times) | 1.07x | 170.92x |
| NII (times) | 8.60x | 616.42x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 6.55x | 251.36x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 3.80x | 215.56x |
