IRM Energy IPO vs JSW Infrastructure IPO

Comparision between IRM Energy IPO and JSW Infrastructure IPO.

IPO Details

IRM Energy IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while JSW Infrastructure IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	IRM Energy IPO	JSW Infrastructure IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Hdfc Bank Limited Bob Capital Markets Limited	Jm Financial Limited Axis Capital Limited Credit Suisse Securities (India) Private Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Hsbc Securities & Capital Markets Pvt Ltd ICICI Securities Limited Kotak Mahindra Capital Company Limited SBI Capital Markets Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of IRM Energy IPO is up to ₹545.40 Cr whereas the issue size of the JSW Infrastructure IPO is up to ₹2,800.00 Cr. The final issue price of IRM Energy IPO is ₹505.00 per share and of JSW Infrastructure IPO is ₹119.00 per share.

	IRM Energy IPO	JSW Infrastructure IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹480.00 per share	₹113.00 per share
Issue Price (Upper)	₹505.00 per share	₹119.00 per share
Issue Price (Final)	₹505.00 per share	₹119.00 per share
Discount (Retail)
Discount (Employee)	₹48.00 per share
Market Lot Size	29 shares	126 shares
Fresh Issue Size	1,08,00,000 shares	23,52,94,118 shares
Fresh Issue Size (Amount)	up to ₹545.40 Cr	up to ₹2,800.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	1,08,00,000 shares	23,52,94,118 shares
Issue Size Total (Amount)	up to ₹545.40 Cr	up to ₹2,800.00 Cr

IPO Timetable

IRM Energy IPO opens on Oct 18, 2023, while JSW Infrastructure IPO opens on Sep 25, 2023. The closing date of IRM Energy IPO and JSW Infrastructure IPO is Oct 20, 2023, and Sep 27, 2023, respectively.

	IRM Energy IPO	JSW Infrastructure 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 28, 2023
Credit of Share (Tentative)	Oct 30, 2023	Sep 29, 2023
Listing date (Tentative)	Oct 26, 2023	Oct 03, 2023
Anchor Lockin End date 1	Nov 26, 2023	Oct 28, 2023
Anchor Lockin End date 2	Jan 25, 2024	Dec 27, 2023

Financials

IRM Energy IPO P/E ratio is 24.13, as compared to JSW Infrastructure IPO P/E ratio of 29.67.

IRM Energy IPO

JSW Infrastructure IPO

Financial

IRM Energy Limited Financial Information (Restated Consolidated)

IRM Energy Limited's revenue increased by 90.3% and profit after tax (PAT) dropped by -50.69% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021	31 Mar 2020
Assets	838.21	792.90	554.80	338.11	267.16
Revenue	248.63	1,045.10	549.19	212.54	166.13
Profit After Tax	26.91	63.14	128.03	34.89	21.07
Net Worth	373.33	346.42	243.72	117.60	74.74
Reserves and Surplus			193.30	67.57	30.31
Total Borrowing	321.24	303.83	202.59	163.35	146.74
Amount in ₹ Crore

JSW Infrastructure IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	7,191.85	8,254.55	9,429.46	9,450.66
Revenue	1,237.37	1,678.26	2,378.74	3,372.85
Profit After Tax	196.53	284.62	330.44	749.51
Net Worth	2,488.23	2,831.18	3,212.13	3,934.64
Reserves and Surplus	2,486.53	2,829.84	3,208.98	3,645.75
Total Borrowing	3,102.57	3,945.82	4,408.69	4,243.70

Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

67.94%

96.42%

Promoter Shareholding (Post-Issue)

85.61%

P/E Ratio

24.13

29.67

Market Cap

₹2073.51 Cr.

₹24990.00 Cr.

ROE

18.23%%

18.33%%

ROCE

14.19%%

19.49%%

Debt/Equity

0.93

EPS

₹20.93

₹4.12

RoNW

18.23%%

18.80%%

Shares Offered

In the IRM Energy IPO retail investors (RII) are offered 37,04,400 shares while in JSW Infrastructure IPO retail investors are offered 37,04,400 shares. Qualified institutional buyers (QIB) are offered 21,16,800 shares in IRM Energy IPO and 7,05,88,236 shares in JSW Infrastructure IPO.

	IRM Energy IPO	JSW Infrastructure IPO
Anchor Investor Reserveration	31,75,200 shares	10,58,82,352 shares
Market Maker Reserveration
QIB	21,16,800 shares	7,05,88,236 shares
NII	15,87,600 shares	3,52,94,118 shares
RII	37,04,400 shares	2,35,29,411 shares
Employee	2,16,000 shares	0 shares
Others
Total	76,24,800 shares	12,94,11,765 shares

Bids Received (Subscription)

IRM Energy IPO subscribed 27.05x in total, whereas JSW Infrastructure IPO subscribed 39.36x.

	IRM Energy IPO	JSW Infrastructure IPO
QIB (times)	44.73x	60.12x
NII (times)	48.34x	16.83x
Big NII (times)	52.29x	17.94x
Small NII (times)	40.46x	14.62x
RII (times)	9.29x	10.87x
Employee (times)	2.05x
Other (times)
Total (times)	27.05x	39.36x

Compare with others

IRM Energy IPO	JSW Infrastructure IPO
ESAF Small Finance Bank IPO	IRM Energy IPO
Cello World Limited IPO	Plaza Wires IPO
Mamaearth IPO	Updater Services IPO
Blue Jet Healthcare IPO	Valiant Laboratories IPO
Protean eGov Technologies IPO	Manoj Vaibhav Gems 'N' Jewellers IPO
Plaza Wires IPO	Sai Silks (Kalamandir) IPO
Updater Services IPO	Yatra Online IPO
Valiant Laboratories IPO	Zaggle Prepaid Ocean Services IPO
Manoj Vaibhav Gems 'N' Jewellers IPO	R R Kabel IPO
JSW Infrastructure IPO	SAMHI Hotels IPO

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