IRM Energy IPO vs Mamaearth IPO

Comparision between IRM Energy IPO and Mamaearth IPO.

IPO Details

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

	IRM Energy IPO	Mamaearth 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	Kotak Mahindra Capital Company Limited Citigroup Global Markets India Private Limited Jm Financial Limited J.P. Morgan India Private 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 Mamaearth IPO is up to ₹1,701.44 Cr. The final issue price of IRM Energy IPO is ₹505.00 per share and of Mamaearth IPO is ₹324.00 per share.

	IRM Energy IPO	Mamaearth 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)
Discount (Employee)	₹48.00 per share	₹30.00 per share
Market Lot Size	29 shares	46 shares
Fresh Issue Size	1,08,00,000 shares	1,12,68,580 shares
Fresh Issue Size (Amount)	up to ₹545.40 Cr	up to ₹365.00 Cr
OFS Issue Size		4,12,48,162 shares
OFS Issue Size (Amount)		up to ₹1,336.40 Cr
Issue Size Total	1,08,00,000 shares	5,25,16,742 shares
Issue Size Total (Amount)	up to ₹545.40 Cr	up to ₹1,701.44 Cr

IPO Timetable

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

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

Financials

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

IRM Energy IPO

Mamaearth 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

Honasa Consumer Limited Financial Information (Restated Consolidated)

Honasa Consumer Limited's revenue increased by 57.13% and profit after tax (PAT) dropped by -1145.25% 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
Assets	1,048.03	966.42	1,035.01	302.64
Revenue	477.10	1,515.27	964.35	472.10
Profit After Tax	24.72	-150.97	14.44	-1,324.61
Net Worth	638.26	605.90	705.62	-1,765.14
Reserves and Surplus	-1,290.94	-1,323.32	-1,087.33
Total Borrowing	6.79	3.61	3.59
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

67.94%

37.41%

Promoter Shareholding (Post-Issue)

35.34%

P/E Ratio

24.13

Market Cap

₹2073.51 Cr.

₹10425.00 Cr.

ROE

18.23%%

ROCE

14.19%%

Debt/Equity

0.93

EPS

₹20.93

₹4.66

RoNW

18.23%%

-23.57%%

Shares Offered

In the IRM Energy IPO retail investors (RII) are offered 37,04,400 shares while in Mamaearth 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 Mamaearth IPO.

	IRM Energy IPO	Mamaearth IPO
Anchor Investor Reserveration	31,75,200 shares	2,36,17,228 shares
Market Maker Reserveration
QIB	21,16,800 shares	1,57,44,820 shares
NII	15,87,600 shares	78,72,409 shares
RII	37,04,400 shares	52,48,272 shares
Employee	2,16,000 shares	34,013 shares
Others
Total	76,24,800 shares	2,88,99,514 shares

Bids Received (Subscription)

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

	IRM Energy IPO	Mamaearth IPO
QIB (times)	44.73x	11.50x
NII (times)	48.34x	4.02x
Big NII (times)	52.29x	4.85x
Small NII (times)	40.46x	2.36x
RII (times)	9.29x	1.35x
Employee (times)	2.05x	4.88x
Other (times)
Total (times)	27.05x	7.61x

Compare with others

IRM Energy IPO	Mamaearth IPO
ESAF Small Finance Bank IPO	Fedbank Financial Services IPO
Cello World Limited IPO	Gandhar Oil Refinery India IPO
Mamaearth IPO	ASK Automotive IPO
Blue Jet Healthcare IPO	ESAF Small Finance Bank IPO
Protean eGov Technologies IPO	Cello World Limited IPO
Plaza Wires IPO	Blue Jet Healthcare IPO
Updater Services IPO	Protean eGov Technologies IPO
Valiant Laboratories IPO	IRM Energy IPO
Manoj Vaibhav Gems 'N' Jewellers IPO	Plaza Wires IPO
JSW Infrastructure IPO	Updater Services IPO

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