Comparison between IRM Energy IPO and Protean eGov Technologies IPO.
IRM Energy IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Protean eGov Technologies IPO is a Mainboard Bookbuilding proposed to list at BSE.
The total issue size of IRM Energy IPO is up to ₹545.00 Cr whereas the issue size of the Protean eGov Technologies IPO is up to ₹489.95 Cr. The final issue price of IRM Energy IPO is ₹505.00 per share and of Protean eGov Technologies IPO is ₹792.00 per share.
| IRM Energy IPO | Protean eGov Technologies IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹480.00 per share | ₹752.00 per share |
| Issue Price (Upper) | ₹505.00 per share | ₹792.00 per share |
| Issue Price (Final) | ₹505.00 per share | ₹792.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹48.00 per share | ₹75.00 per share |
| Market Lot Size | 29 shares | 18 shares |
| Fresh Issue Size | 1,08,00,000 shares | 0 shares |
| Fresh Issue Size (Amount) | up to ₹545.00 Cr | up to ₹0.00 Cr |
| OFS Issue Size | 0 shares | 61,91,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹489.95 Cr |
| Issue Size Total | 1,08,00,000 shares | 61,91,000 shares |
| Issue Size Total (Amount) | up to ₹545.00 Cr | up to ₹489.95 Cr |
IRM Energy IPO opens on Oct 18, 2023, while Protean eGov Technologies IPO opens on Nov 06, 2023. The closing date of IRM Energy IPO and Protean eGov Technologies IPO is Oct 20, 2023, and Nov 08, 2023, respectively.
| IRM Energy IPO | Protean eGov Technologies IPO | |
|---|---|---|
| Anchor Bid Date | Oct 17, 2023 | Nov 03, 2023 |
| Issue Open | Oct 18, 2023 | Nov 06, 2023 |
| Issue Close | Oct 20, 2023 | Nov 08, 2023 |
| Basis Of Allotment (Tentative) | Oct 27, 2023 | Nov 13, 2023 |
| Initiation of Refunds (Tentative) | Oct 27, 2023 | Nov 15, 2023 |
| Credit of Share (Tentative) | Oct 30, 2023 | Nov 16, 2023 |
| Listing date (Tentative) | Oct 26, 2023 | Nov 13, 2023 |
| Anchor Lockin End date 1 | Nov 26, 2023 | Dec 13, 2023 |
| Anchor Lockin End date 2 | Jan 25, 2024 | Feb 11, 2024 |
IRM Energy IPO P/E ratio is 24.13, as compared to Protean eGov Technologies IPO P/E ratio of 29.91.
| IRM Energy IPO | Protean eGov Technologies IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated Consolidated)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 67.94 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 24.13 | 29.91 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹2073.51 Cr. | ₹3203.38 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 18.23% | 12.49% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 14.19% | 16.13% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.93 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹20.93 | ₹26.48 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 18.23% | 12.49% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the IRM Energy IPO Retail Individual Investors (RII) are offered 37,04,400 shares while in Protean eGov Technologies IPO retail investors are offered 37,04,400 shares. Qualified Institutional Buyers (QIB) are offered 21,16,800 shares in IRM Energy IPO and 12,08,200 shares in Protean eGov Technologies IPO.
| IRM Energy IPO | Protean eGov Technologies IPO | |
|---|---|---|
| Anchor Investor Reservation | 31,75,200 shares | 18,12,300 shares |
| Market Maker Reservation | ||
| QIB | 21,16,800 shares | 12,08,200 shares |
| NII | 15,87,600 shares | 9,06,150 shares |
| RII | 37,04,400 shares | 21,14,350 shares |
| Employee | 2,16,000 shares | 1,50,000 shares |
| Others | ||
| Total | 1,08,00,000 shares | 61,91,000 shares |
IRM Energy IPO subscribed 27.05x in total, whereas Protean eGov Technologies IPO subscribed 23.86x.
| IRM Energy IPO | Protean eGov Technologies IPO | |
|---|---|---|
| QIB (times) | 44.73x | 46.94x |
| NII (times) | 48.34x | 31.62x |
| Big NII (times) | 52.29x | 33.14x |
| Small NII (times) | 40.46x | 28.58x |
| RII (times) | 9.29x | 8.93x |
| Employee (times) | 2.05x | 1.49x |
| Other (times) | ||
| Total (times) | 27.05x | 23.86x |
