IRM Energy IPO vs Valiant Laboratories IPO

Comparision between IRM Energy IPO and Valiant Laboratories IPO.

IPO Details

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

	IRM Energy IPO	Valiant Laboratories 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	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 Valiant Laboratories IPO is up to ₹152.46 Cr. The final issue price of IRM Energy IPO is ₹505.00 per share and of Valiant Laboratories IPO is ₹140.00 per share.

	IRM Energy IPO	Valiant Laboratories IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹480.00 per share	₹133.00 per share
Issue Price (Upper)	₹505.00 per share	₹140.00 per share
Issue Price (Final)	₹505.00 per share	₹140.00 per share
Discount (Retail)
Discount (Employee)	₹48.00 per share
Market Lot Size	29 shares	105 shares
Fresh Issue Size	1,08,00,000 shares	1,08,90,000 shares
Fresh Issue Size (Amount)	up to ₹545.40 Cr	up to ₹152.46 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	1,08,00,000 shares	1,08,90,000 shares
Issue Size Total (Amount)	up to ₹545.40 Cr	up to ₹152.46 Cr

IPO Timetable

IRM Energy IPO opens on Oct 18, 2023, while Valiant Laboratories IPO opens on Sep 27, 2023. The closing date of IRM Energy IPO and Valiant Laboratories IPO is Oct 20, 2023, and Oct 03, 2023, respectively.

	IRM Energy IPO	Valiant Laboratories IPO
Anchor Bid Date	Oct 17, 2023	Sep 26, 2023
Issue Open	Oct 18, 2023	Sep 27, 2023
Issue Close	Oct 20, 2023	Oct 03, 2023
Basis Of Allotment (Tentative)	Oct 27, 2023	Oct 05, 2023
Initiation of Refunds (Tentative)	Oct 27, 2023	Oct 06, 2023
Credit of Share (Tentative)	Oct 30, 2023	Oct 06, 2023
Listing date (Tentative)	Oct 26, 2023	Oct 06, 2023
Anchor Lockin End date 1	Nov 26, 2023	Nov 04, 2023
Anchor Lockin End date 2	Jan 25, 2024	Jan 03, 2024

Financials

IRM Energy IPO P/E ratio is 24.13, as compared to Valiant Laboratories IPO P/E ratio of 15.71.

IRM Energy IPO

Valiant Laboratories 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

Valiant Laboratories IPO Financial Information (Restated Standalone)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	106.31	181.81	212.76
Revenue	183.78	293.47	338.77
Profit After Tax	30.59	27.50	29.00
Net Worth	88.58	71.46	100.49
Reserves and Surplus
Total Borrowing	0.35	60.68	59.40

Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

67.94%

100.00%

Promoter Shareholding (Post-Issue)

74.94%

P/E Ratio

24.13

15.71

Market Cap

₹2073.51 Cr.

₹608.30 Cr.

ROE

18.23%%

33.73%%

ROCE

14.19%%

22.76%%

Debt/Equity

0.93

0.59

EPS

₹20.93

₹8.91

RoNW

18.23%%

28.86%%

Shares Offered

In the IRM Energy IPO retail investors (RII) are offered 37,04,400 shares while in Valiant Laboratories IPO retail investors are offered 37,04,400 shares. Qualified institutional buyers (QIB) are offered 21,16,800 shares in IRM Energy IPO and 21,78,030 shares in Valiant Laboratories IPO.

	IRM Energy IPO	Valiant Laboratories IPO
Anchor Investor Reserveration	31,75,200 shares	32,66,970 shares
Market Maker Reserveration
QIB	21,16,800 shares	21,78,030 shares
NII	15,87,600 shares	16,33,500 shares
RII	37,04,400 shares	38,11,500 shares
Employee	2,16,000 shares	0 shares
Others
Total	76,24,800 shares	76,23,030 shares

Bids Received (Subscription)

IRM Energy IPO subscribed 27.05x in total, whereas Valiant Laboratories IPO subscribed 29.76x.

	IRM Energy IPO	Valiant Laboratories IPO
QIB (times)	44.73x	20.83x
NII (times)	48.34x	73.64x
Big NII (times)	52.29x	78.64x
Small NII (times)	40.46x	63.64x
RII (times)	9.29x	16.06x
Employee (times)	2.05x
Other (times)
Total (times)	27.05x	29.76x

Compare with others

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

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