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Cello World IPO vs IREDA IPO

Comparison between Cello World IPO and IREDA IPO.

IPO Details

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

 Cello World IPOIREDA IPO
LogoCello World IPO LogoIREDA IPO Logo
Issue CategoryMainboardMainboard
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE, NSEBSE, NSE
Lead ManagersMotilal Oswal Investment Advisors Ltd.

JM Financial Ltd.

IIFL Capital Services Ltd.

ICICI Securities Ltd.

Kotak Mahindra Capital Co.Ltd.		SBI Capital Markets Ltd.

BOB Capital Markets Ltd.

IDBI Capital Markets Services Ltd.
RegistrarMUFG Intime India Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market Maker
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

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 IREDA IPO is up to ₹2,150.21 Cr. The final issue price of Cello World IPO is ₹648.00 per share and of IREDA IPO is ₹32.00 per share.

 Cello World IPOIREDA IPO
Face Value₹5 per share₹10 per share
Issue Price (Lower)₹617.00 per share₹30.00 per share
Issue Price (Upper)₹648.00 per share₹32.00 per share
Issue Price (Final)₹648.00 per share₹32.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹61.00 per share₹0.00 per share
Market Lot Size23 shares460 shares
Fresh Issue Size0 shares40,31,64,706 shares
Fresh Issue Size (Amount)up to ₹0.00 Crup to ₹1,290.13 Cr
OFS Issue Size2,93,37,023 shares26,87,76,471 shares
OFS Issue Size (Amount)up to ₹1,900.00 Crup to ₹860.08 Cr
Issue Size Total2,93,37,023 shares67,19,41,177 shares
Issue Size Total (Amount)up to ₹1,900.00 Crup to ₹2,150.21 Cr

IPO Timetable

Cello World IPO opens on Oct 30, 2023, while IREDA IPO opens on Nov 21, 2023. The closing date of Cello World IPO and IREDA IPO is Nov 01, 2023, and Nov 23, 2023, respectively.

 Cello World IPOIREDA IPO
Anchor Bid DateOct 27, 2023Nov 20, 2023
Issue OpenOct 30, 2023Nov 21, 2023
Issue CloseNov 01, 2023Nov 23, 2023
Basis Of Allotment (Tentative)Nov 02, 2023Nov 24, 2023
Initiation of Refunds (Tentative)Nov 02, 2023Nov 25, 2023
Credit of Share (Tentative)Nov 03, 2023Nov 28, 2023
Listing date (Tentative)Nov 06, 2023Nov 29, 2023
Anchor Lockin End date 1Dec 02, 2023Dec 24, 2023
Anchor Lockin End date 2Jan 31, 2024Feb 22, 2024

Financials & KPIs

Cello World IPO P/E ratio is , as compared to IREDA IPO P/E ratio of 8.47.

 Cello World IPOIREDA 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 Standalone)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets51,208.3650,446.9836,708.4130,293.39
Total Income2,320.463,483.042,874.162,657.74
Profit After Tax579.32864.63633.53346.38
NET Worth6,580.615,935.175,268.112,995.60
Reserves and Surplus2,550.362,310.961,776.051,386.12
Total Borrowing39,850.1940,165.2327,613.0724,000.00
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)91.8100
Promoter Shareholding (Post-Issue)78.0675
P/E Ratio8.47
Market Cap₹13752.57 Cr.₹8600.85 Cr.
ROE39.9%15.44%
ROCE44.48%
Debt/Equity0.626.77
EPS₹13.65₹3.78
RoNW23.17%15.44%

Shares Offered

In the Cello World IPO Retail Individual Investors (RII) are offered 1,02,08,334 shares while in IREDA 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 13,40,13,152 shares in IREDA IPO.

 Cello World IPOIREDA IPO
Anchor Investor Reservation87,49,999 shares20,10,19,726 shares
Market Maker Reservation
QIB58,33,333 shares13,40,13,152 shares
NII43,75,000 shares10,05,09,864 shares
RII1,02,08,334 shares23,45,23,015 shares
Employee1,70,357 shares18,75,420 shares
Others
Total2,93,37,023 shares67,19,41,177 shares

Bids Received (Subscription)

Cello World IPO subscribed 41.69x in total, whereas IREDA IPO subscribed 38.80x.

 Cello World IPOIREDA IPO
QIB (times)122.20x104.57x
NII (times)25.65x24.16x
Big NII (times)30.02x26.99x
Small NII (times)16.91x18.50x
RII (times)3.21x7.73x
Employee (times)2.74x9.80x
Other (times)
Total (times)41.69x38.80x

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