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IRM Energy IPO vs Honasa Consumer IPO

Comparison between IRM Energy IPO and Honasa Consumer IPO.

IPO Details

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

 IRM Energy IPOHonasa Consumer IPO
LogoIRM Energy IPO LogoHonasa Consumer IPO Logo
Issue CategoryMainboardMainboard
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE, NSEBSE, NSE
Lead ManagersBOB Capital Markets Ltd.

HDFC Bank Ltd.		JP Morgan India Pvt.Ltd.

JM Financial Ltd.

Citigroup Global Markets India Pvt.Ltd.

Kotak Mahindra Capital Co.Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Kfin Technologies 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 IRM Energy IPO is up to ₹545.00 Cr whereas the issue size of the Honasa Consumer IPO is up to ₹1,701.44 Cr. The final issue price of IRM Energy IPO is ₹505.00 per share and of Honasa Consumer IPO is ₹324.00 per share.

 IRM Energy IPOHonasa Consumer IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹480.00 per share₹308.00 per share
Issue Price (Upper)₹505.00 per share₹324.00 per share
Issue Price (Final)₹505.00 per share₹324.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹48.00 per share₹30.00 per share
Market Lot Size29 shares46 shares
Fresh Issue Size1,08,00,000 shares1,12,67,530 shares
Fresh Issue Size (Amount)up to ₹545.00 Crup to ₹365.05 Cr
OFS Issue Size0 shares4,12,48,162 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹1,336.39 Cr
Issue Size Total1,08,00,000 shares5,25,15,692 shares
Issue Size Total (Amount)up to ₹545.00 Crup to ₹1,701.44 Cr

IPO Timetable

IRM Energy IPO opens on Oct 18, 2023, while Honasa Consumer IPO opens on Oct 31, 2023. The closing date of IRM Energy IPO and Honasa Consumer IPO is Oct 20, 2023, and Nov 02, 2023, respectively.

 IRM Energy IPOHonasa Consumer IPO
Anchor Bid DateOct 17, 2023Oct 30, 2023
Issue OpenOct 18, 2023Oct 31, 2023
Issue CloseOct 20, 2023Nov 02, 2023
Basis Of Allotment (Tentative)Oct 27, 2023Nov 06, 2023
Initiation of Refunds (Tentative)Oct 27, 2023Nov 06, 2023
Credit of Share (Tentative)Oct 30, 2023Nov 06, 2023
Listing date (Tentative)Oct 26, 2023Nov 07, 2023
Anchor Lockin End date 1Nov 26, 2023Dec 06, 2023
Anchor Lockin End date 2Jan 25, 2024Feb 04, 2024

Financials & KPIs

IRM Energy IPO P/E ratio is 24.13, as compared to Honasa Consumer IPO P/E ratio of .

 IRM Energy IPOHonasa Consumer IPO
Financials

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

Company Financials (Restated Consolidated)

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,048.03966.421,035.01302.64
Total Income477.101,515.27964.35472.10
Profit After Tax24.72-150.9714.44-1,324.61
NET Worth638.26605.90705.62-1,765.14
Reserves and Surplus-1,290.94-1,323.32-1,087.33
Total Borrowing6.793.613.59
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)67.9437.41
Promoter Shareholding (Post-Issue)35.34
P/E Ratio24.13
Market Cap₹2073.51 Cr.₹10425.00 Cr.
ROE18.23%
ROCE14.19%
Debt/Equity0.93
EPS₹20.93₹4.66
RoNW18.23%-23.57%

Shares Offered

In the IRM Energy IPO Retail Individual Investors (RII) are offered 37,04,400 shares while in Honasa Consumer IPO retail investors are offered 37,04,400 shares. Qualified Institutional Buyers (QIB) are offered 21,16,800 shares in IRM Energy IPO and 1,57,44,820 shares in Honasa Consumer IPO.

 IRM Energy IPOHonasa Consumer IPO
Anchor Investor Reservation31,75,200 shares2,36,17,228 shares
Market Maker Reservation
QIB21,16,800 shares1,57,44,820 shares
NII15,87,600 shares78,72,409 shares
RII37,04,400 shares52,48,272 shares
Employee2,16,000 shares34,013 shares
Others
Total1,08,00,000 shares5,25,16,742 shares

Bids Received (Subscription)

IRM Energy IPO subscribed 27.05x in total, whereas Honasa Consumer IPO subscribed 7.61x.

 IRM Energy IPOHonasa Consumer IPO
QIB (times)44.73x11.50x
NII (times)48.34x4.02x
Big NII (times)52.29x4.85x
Small NII (times)40.46x2.36x
RII (times)9.29x1.35x
Employee (times)2.05x4.88x
Other (times)
Total (times)27.05x7.61x

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IRM Energy IPOHonasa Consumer IPO
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