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ESAF Small Finance Bank IPO vs IRM Energy IPO

Comparison between ESAF Small Finance Bank IPO and IRM Energy IPO.

IPO Details

ESAF Small Finance Bank 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.

 ESAF Small Finance Bank IPOIRM Energy IPO
LogoESAF Small Finance Bank IPO LogoIRM Energy IPO Logo
Issue CategoryMainboardMainboard
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE, NSEBSE, NSE
Lead ManagersNuvama Wealth Management Ltd.

Dam Capital Advisors Ltd.

ICICI Securities Ltd.		BOB Capital Markets Ltd.

HDFC Bank 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 ESAF Small Finance Bank IPO is up to ₹463.00 Cr whereas the issue size of the IRM Energy IPO is up to ₹545.00 Cr. The final issue price of ESAF Small Finance Bank IPO is ₹60.00 per share and of IRM Energy IPO is ₹505.00 per share.

 ESAF Small Finance Bank IPOIRM Energy IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹57.00 per share₹480.00 per share
Issue Price (Upper)₹60.00 per share₹505.00 per share
Issue Price (Final)₹60.00 per share₹505.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹5.00 per share₹48.00 per share
Market Lot Size250 shares29 shares
Fresh Issue Size6,53,06,060 shares1,08,00,000 shares
Fresh Issue Size (Amount)up to ₹390.88 Crup to ₹545.00 Cr
OFS Issue Size1,20,49,999 shares0 shares
OFS Issue Size (Amount)up to ₹72.12 Crup to ₹0.00 Cr
Issue Size Total7,73,56,059 shares1,08,00,000 shares
Issue Size Total (Amount)up to ₹463.00 Crup to ₹545.00 Cr

IPO Timetable

ESAF Small Finance Bank IPO opens on Nov 03, 2023, while IRM Energy IPO opens on Oct 18, 2023. The closing date of ESAF Small Finance Bank IPO and IRM Energy IPO is Nov 07, 2023, and Oct 20, 2023, respectively.

 ESAF Small Finance Bank IPOIRM Energy IPO
Anchor Bid DateNov 02, 2023Oct 17, 2023
Issue OpenNov 03, 2023Oct 18, 2023
Issue CloseNov 07, 2023Oct 20, 2023
Basis Of Allotment (Tentative)Nov 08, 2023Oct 27, 2023
Initiation of Refunds (Tentative)Nov 08, 2023Oct 27, 2023
Credit of Share (Tentative)Nov 09, 2023Oct 30, 2023
Listing date (Tentative)Nov 10, 2023Oct 26, 2023
Anchor Lockin End date 1Dec 08, 2023Nov 26, 2023
Anchor Lockin End date 2Feb 06, 2024Jan 25, 2024

Financials & KPIs

ESAF Small Finance Bank IPO P/E ratio is 8.94, as compared to IRM Energy IPO P/E ratio of 24.13.

 ESAF Small Finance Bank IPOIRM Energy IPO
Financials

Company Financials (Restated)

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets20,795.9420,223.6617,707.5612,338.65
Total Income991.783,141.572,147.511,768.42
Profit After Tax129.96302.3354.73105.40
NET Worth1,839.091,709.131,406.801,352.06
Reserves and Surplus1,389.621,259.66957.32902.59
Total Borrowing2,739.133,354.202,952.831,694.00
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)74.4367.94
Promoter Shareholding (Post-Issue)59.74
P/E Ratio8.9424.13
Market Cap₹3087.54 Cr.₹2073.51 Cr.
ROE18.23%
ROCE14.19%
Debt/Equity0.93
EPS₹6.73₹20.93
RoNW17.69%18.23%

Shares Offered

In the ESAF Small Finance Bank IPO Retail Individual Investors (RII) are offered 2,62,79,167 shares while in IRM Energy IPO retail investors are offered 2,62,79,167 shares. Qualified Institutional Buyers (QIB) are offered 1,50,16,667 shares in ESAF Small Finance Bank IPO and 21,16,800 shares in IRM Energy IPO.

 ESAF Small Finance Bank IPOIRM Energy IPO
Anchor Investor Reservation2,25,24,998 shares31,75,200 shares
Market Maker Reservation
QIB1,50,16,667 shares21,16,800 shares
NII1,12,62,500 shares15,87,600 shares
RII2,62,79,167 shares37,04,400 shares
Employee22,72,727 shares2,16,000 shares
Others
Total7,73,56,059 shares1,08,00,000 shares

Bids Received (Subscription)

ESAF Small Finance Bank IPO subscribed 77.00x in total, whereas IRM Energy IPO subscribed 27.05x.

 ESAF Small Finance Bank IPOIRM Energy IPO
QIB (times)182.66x44.73x
NII (times)88.81x48.34x
Big NII (times)96.51x52.29x
Small NII (times)73.41x40.46x
RII (times)17.86x9.29x
Employee (times)4.59x2.05x
Other (times)
Total (times)77.00x27.05x

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