IRM Energy IPO vs Manoj Vaibhav Gems 'N' Jewellers IPO

Comparision between IRM Energy IPO and Manoj Vaibhav Gems 'N' Jewellers IPO.

IPO Details

IRM Energy IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Manoj Vaibhav Gems 'N' Jewellers IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	IRM Energy IPO	Manoj Vaibhav Gems 'N' Jewellers 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	Bajaj Capital Limited Elara Capital (India) Private Limited
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt Ltd
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 Manoj Vaibhav Gems 'N' Jewellers IPO is up to ₹270.20 Cr. The final issue price of IRM Energy IPO is ₹505.00 per share and of Manoj Vaibhav Gems 'N' Jewellers IPO is ₹215.00 per share.

	IRM Energy IPO	Manoj Vaibhav Gems 'N' Jewellers IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹480.00 per share	₹204.00 per share
Issue Price (Upper)	₹505.00 per share	₹215.00 per share
Issue Price (Final)	₹505.00 per share	₹215.00 per share
Discount (Retail)
Discount (Employee)	₹48.00 per share
Market Lot Size	29 shares	69 shares
Fresh Issue Size	1,08,00,000 shares	97,67,442 shares
Fresh Issue Size (Amount)	up to ₹545.40 Cr	up to ₹210.00 Cr
OFS Issue Size		28,00,000 shares
OFS Issue Size (Amount)		up to ₹60.20 Cr
Issue Size Total	1,08,00,000 shares	1,25,67,442 shares
Issue Size Total (Amount)	up to ₹545.40 Cr	up to ₹270.20 Cr

IPO Timetable

IRM Energy IPO opens on Oct 18, 2023, while Manoj Vaibhav Gems 'N' Jewellers IPO opens on Sep 22, 2023. The closing date of IRM Energy IPO and Manoj Vaibhav Gems 'N' Jewellers IPO is Oct 20, 2023, and Sep 26, 2023, respectively.

	IRM Energy IPO	Manoj Vaibhav Gems 'N' Jewellers IPO
Anchor Bid Date	Oct 17, 2023	Sep 21, 2023
Issue Open	Oct 18, 2023	Sep 22, 2023
Issue Close	Oct 20, 2023	Sep 26, 2023
Basis Of Allotment (Tentative)	Oct 27, 2023	Sep 27, 2023
Initiation of Refunds (Tentative)	Oct 27, 2023	Sep 29, 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 27, 2023
Anchor Lockin End date 2	Jan 25, 2024	Dec 26, 2023

Financials

IRM Energy IPO P/E ratio is 24.13, as compared to Manoj Vaibhav Gems 'N' Jewellers IPO P/E ratio of 11.74.

IRM Energy IPO

Manoj Vaibhav Gems 'N' Jewellers 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

Manoj Vaibhav Gems 'N' Jewellers IPO Financial Information (Restated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023	30 Jun 2023
Assets	818.62	803.10	899.53	1,077.86	1,082.82
Revenue	1,284.30	1,443.18	1,697.70	2,031.30	510.21
Profit After Tax	24.39	20.74	43.68	71.60	19.24
Net Worth	208.08	228.99	272.86	344.55	363.65
Reserves and Surplus	198.31	219.22	263.09	305.47	324.57
Total Borrowing	419.32	463.43	477.73	460.00	460.39

Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

67.94%

100.00%

Promoter Shareholding (Post-Issue)

74.27%

P/E Ratio

24.13

11.74

Market Cap

₹2073.51 Cr.

₹1050.22 Cr.

ROE

18.23%%

23.19%%

ROCE

14.19%%

17.71%%

Debt/Equity

0.93

1.34

EPS

₹20.93

₹18.32

RoNW

18.23%%

20.78%%

Shares Offered

In the IRM Energy IPO retail investors (RII) are offered 37,04,400 shares while in Manoj Vaibhav Gems 'N' Jewellers IPO retail investors are offered 37,04,400 shares. Qualified institutional buyers (QIB) are offered 21,16,800 shares in IRM Energy IPO and 25,13,488 shares in Manoj Vaibhav Gems 'N' Jewellers IPO.

	IRM Energy IPO	Manoj Vaibhav Gems 'N' Jewellers IPO
Anchor Investor Reserveration	31,75,200 shares	37,70,160 shares
Market Maker Reserveration
QIB	21,16,800 shares	25,13,488 shares
NII	15,87,600 shares	18,85,116 shares
RII	37,04,400 shares	43,98,605 shares
Employee	2,16,000 shares	0 shares
Others
Total	76,24,800 shares	87,97,209 shares

Bids Received (Subscription)

IRM Energy IPO subscribed 27.05x in total, whereas Manoj Vaibhav Gems 'N' Jewellers IPO subscribed 2.33x.

	IRM Energy IPO	Manoj Vaibhav Gems 'N' Jewellers IPO
QIB (times)	44.73x	1.08x
NII (times)	48.34x	5.40x
Big NII (times)	52.29x	6.35x
Small NII (times)	40.46x	3.49x
RII (times)	9.29x	1.73x
Employee (times)	2.05x
Other (times)
Total (times)	27.05x	2.33x

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Plaza Wires IPO	JSW Infrastructure IPO
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Manoj Vaibhav Gems 'N' Jewellers IPO	Zaggle Prepaid Ocean Services IPO
JSW Infrastructure IPO	R R Kabel IPO

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