Comparison between IRM Energy IPO and Updater IPO.
IRM Energy IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Updater IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of IRM Energy IPO is up to ₹545.00 Cr whereas the issue size of the Updater IPO is up to ₹640.00 Cr. The final issue price of IRM Energy IPO is ₹505.00 per share and of Updater IPO is ₹300.00 per share.
| IRM Energy IPO | Updater IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹480.00 per share | ₹280.00 per share |
| Issue Price (Upper) | ₹505.00 per share | ₹300.00 per share |
| Issue Price (Final) | ₹505.00 per share | ₹300.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹48.00 per share | |
| Market Lot Size | 29 shares | 50 shares |
| Fresh Issue Size | 1,08,00,000 shares | 1,33,33,333 shares |
| Fresh Issue Size (Amount) | up to ₹545.00 Cr | up to ₹400.00 Cr |
| OFS Issue Size | 0 shares | 80,00,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹240.00 Cr |
| Issue Size Total | 1,08,00,000 shares | 2,13,33,333 shares |
| Issue Size Total (Amount) | up to ₹545.00 Cr | up to ₹640.00 Cr |
IRM Energy IPO opens on Oct 18, 2023, while Updater IPO opens on Sep 25, 2023. The closing date of IRM Energy IPO and Updater IPO is Oct 20, 2023, and Sep 27, 2023, respectively.
| IRM Energy IPO | Updater IPO | |
|---|---|---|
| Anchor Bid Date | Oct 17, 2023 | Sep 22, 2023 |
| Issue Open | Oct 18, 2023 | Sep 25, 2023 |
| Issue Close | Oct 20, 2023 | Sep 27, 2023 |
| Basis Of Allotment (Tentative) | Oct 27, 2023 | Sep 28, 2023 |
| Initiation of Refunds (Tentative) | Oct 27, 2023 | Sep 29, 2023 |
| Credit of Share (Tentative) | Oct 30, 2023 | Oct 03, 2023 |
| Listing date (Tentative) | Oct 26, 2023 | Oct 04, 2023 |
| Anchor Lockin End date 1 | Nov 26, 2023 | Oct 28, 2023 |
| Anchor Lockin End date 2 | Jan 25, 2024 | Dec 27, 2023 |
IRM Energy IPO P/E ratio is 24.13, as compared to Updater IPO P/E ratio of 44.31.
| IRM Energy IPO | Updater IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 67.94 | 80.58 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 58.47 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 24.13 | 44.31 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹2073.51 Cr. | ₹2001.00 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 18.23% | 9.40% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 14.19% | 14.17% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.93 | 0.46 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹20.93 | ₹6.77 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 18.23% | 9.34% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the IRM Energy IPO Retail Individual Investors (RII) are offered 37,04,400 shares while in Updater IPO retail investors are offered 37,04,400 shares. Qualified Institutional Buyers (QIB) are offered 21,16,800 shares in IRM Energy IPO and 64,00,001 shares in Updater IPO.
| IRM Energy IPO | Updater IPO | |
|---|---|---|
| Anchor Investor Reservation | 31,75,200 shares | 96,00,000 shares |
| Market Maker Reservation | ||
| QIB | 21,16,800 shares | 64,00,001 shares |
| NII | 15,87,600 shares | 31,99,999 shares |
| RII | 37,04,400 shares | 21,33,333 shares |
| Employee | 2,16,000 shares | |
| Others | ||
| Total | 1,08,00,000 shares | 2,13,33,333 shares |
IRM Energy IPO subscribed 27.05x in total, whereas Updater IPO subscribed 2.96x.
| IRM Energy IPO | Updater IPO | |
|---|---|---|
| QIB (times) | 44.73x | 4.50x |
| NII (times) | 48.34x | 0.89x |
| Big NII (times) | 52.29x | 1.07x |
| Small NII (times) | 40.46x | 0.53x |
| RII (times) | 9.29x | 1.45x |
| Employee (times) | 2.05x | |
| Other (times) | ||
| Total (times) | 27.05x | 2.96x |
