IRM Energy IPO vs Protean eGov Technologies IPO

Comparision between IRM Energy IPO and Protean eGov Technologies IPO.

IPO Details

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

	IRM Energy IPO	Protean eGov Technologies IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE
Lead Managers	Hdfc Bank Limited Bob Capital Markets Limited	ICICI Securities Limited Equirus Capital Private Limited Iifl Securities Ltd Nomura Financial Advisory And Securities (India) Pvt Ltd
Registrar	Link Intime India Private Ltd	Link Intime India Private 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 Protean eGov Technologies IPO is up to ₹490.33 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)
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
Fresh Issue Size (Amount)	up to ₹545.40 Cr
OFS Issue Size		61,91,000 shares
OFS Issue Size (Amount)		up to ₹490.33 Cr
Issue Size Total	1,08,00,000 shares	61,91,000 shares
Issue Size Total (Amount)	up to ₹545.40 Cr	up to ₹490.33 Cr

IPO Timetable

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

Financials

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

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

Protean eGov Technologies Limited Financial Information (Restated Consolidated)

Protean eGov Technologies Limited's revenue increased by 1.78% and profit after tax (PAT) dropped by -25.63% 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	1,133.86	1,104.10	988.14	862.39
Revenue	233.17	783.87	770.18	652.03
Profit After Tax	32.21	107.04	143.94	92.19
Net Worth	888.10	856.94	788.00	667.46
Reserves and Surplus	847.48	816.33	747.43	627.14
Total Borrowing
Amount in ₹ Crore

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%%

Shares Offered

In the IRM Energy IPO retail 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 Reserveration	31,75,200 shares	18,12,300 shares
Market Maker Reserveration
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	76,24,800 shares	43,78,700 shares

Bids Received (Subscription)

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

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IRM Energy IPO	Protean eGov Technologies IPO
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Cello World Limited IPO	ESAF Small Finance Bank IPO
Mamaearth IPO	Cello World Limited IPO
Blue Jet Healthcare IPO	Mamaearth IPO
Protean eGov Technologies IPO	Blue Jet Healthcare IPO
Plaza Wires IPO	IRM Energy IPO
Updater Services IPO	Plaza Wires IPO
Valiant Laboratories IPO	Updater Services IPO
Manoj Vaibhav Gems 'N' Jewellers IPO	Valiant Laboratories IPO
JSW Infrastructure IPO	Manoj Vaibhav Gems 'N' Jewellers IPO

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