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IRM Energy IPO vs Saraswati Saree Depot IPO

Comparision between IRM Energy IPO and Saraswati Saree Depot IPO.

IPO Details

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

  IRM Energy IPO Saraswati Saree Depot IPO
Logo IRM Energy IPO Logo Saraswati Saree Depot 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
Unistone Capital Pvt Ltd
Registrar Link Intime India Private Ltd Bigshare Services Pvt Ltd
Market Maker
DRHP DRHP DRHP
RHP RHP RHP
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 Saraswati Saree Depot IPO is up to ₹160.01 Cr. The final issue price of IRM Energy IPO is ₹505.00 per share and of Saraswati Saree Depot IPO is ₹160.00 per share.

  IRM Energy IPO Saraswati Saree Depot IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹480.00 per share ₹152.00 per share
Issue Price (Upper) ₹505.00 per share ₹160.00 per share
Issue Price (Final) ₹505.00 per share ₹160.00 per share
Discount (Retail)
Discount (Employee) ₹48.00 per share
Market Lot Size 29 shares 90 shares
Fresh Issue Size 1,08,00,000 shares 64,99,800 shares
Fresh Issue Size (Amount) up to ₹545.40 Cr up to ₹104.00 Cr
OFS Issue Size 35,01,000 shares
OFS Issue Size (Amount) up to ₹56.02 Cr
Issue Size Total 1,08,00,000 shares 1,00,00,800 shares
Issue Size Total (Amount) up to ₹545.40 Cr up to ₹160.01 Cr

IPO Timetable

IRM Energy IPO opens on Oct 18, 2023, while Saraswati Saree Depot IPO opens on Aug 12, 2024. The closing date of IRM Energy IPO and Saraswati Saree Depot IPO is Oct 20, 2023, and Aug 14, 2024, respectively.

  IRM Energy IPO Saraswati Saree Depot IPO
Anchor Bid Date Oct 17, 2023 Aug 09, 2024
Issue Open Oct 18, 2023 Aug 12, 2024
Issue Close Oct 20, 2023 Aug 14, 2024
Basis Of Allotment (Tentative) Oct 27, 2023 Aug 16, 2024
Initiation of Refunds (Tentative) Oct 27, 2023 Aug 19, 2024
Credit of Share (Tentative) Oct 30, 2023 Aug 19, 2024
Listing date (Tentative) Oct 26, 2023 Aug 20, 2024
Anchor Lockin End date 1 Nov 26, 2023 Sep 15, 2024
Anchor Lockin End date 2 Jan 25, 2024 Nov 14, 2024

Financials

IRM Energy IPO P/E ratio is 24.13, as compared to Saraswati Saree Depot IPO P/E ratio of 17.94.

  IRM Energy IPO Saraswati Saree Depot 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 Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets838.21792.90554.80338.11267.16
Revenue248.631,045.10549.19212.54166.13
Profit After Tax26.9163.14128.0334.8921.07
Net Worth373.33346.42243.72117.6074.74
Reserves and Surplus193.3067.5730.31
Total Borrowing321.24303.83202.59163.35146.74
Amount in ₹ Crore

Saraswati Saree Depot Limited Financial Information (Restated Consolidated)

Saraswati Saree Depot Limited's revenue increased by 2% and profit after tax (PAT) rose by 29% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets205.94188.85169.93
Revenue612.58603.52550.31
Profit After Tax29.5322.9712.31
Net Worth64.9135.3812.41
Total Borrowing43.4941.4366.62
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue) 67.94% 100%
Promoter Shareholding (Post-Issue) 74.75%
P/E Ratio 24.13 17.94
Market Cap ₹2073.51 Cr. ₹633.60 Cr.
ROE 18.23%% 58.88%
ROCE 14.19%% 64.46%
Debt/Equity 0.93 0.67
EPS ₹20.93 ₹8.92
RoNW 18.23%% 45.49%

Shares Offered

In the IRM Energy IPO retail investors (RII) are offered 37,04,400 shares while in Saraswati Saree Depot IPO retail investors are offered 37,04,400 shares. Qualified institutional buyers (QIB) are offered 21,16,800 shares in IRM Energy IPO and 50,00,400 shares in Saraswati Saree Depot IPO.

  IRM Energy IPO Saraswati Saree Depot IPO
Anchor Investor Reserveration 31,75,200 shares
Market Maker Reserveration
QIB 21,16,800 shares 50,00,400 shares
NII 15,87,600 shares 15,00,120 shares
RII 37,04,400 shares 35,00,280 shares
Employee 2,16,000 shares 0 shares
Others
Total 76,24,800 shares 1,00,00,800 shares

Bids Received (Subscription)

IRM Energy IPO subscribed 27.05x in total, whereas Saraswati Saree Depot IPO subscribed 107.39x.

  IRM Energy IPO Saraswati Saree Depot IPO
QIB (times) 44.73x 64.12x
NII (times) 48.34x 358.47x
Big NII (times) 52.29x 389.28x
Small NII (times) 40.46x 296.85x
RII (times) 9.29x 61.59x
Employee (times) 2.05x
Other (times)
Total (times) 27.05x 107.39x

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