Cello World Limited IPO vs IREDA IPO

Comparision between Cello World Limited IPO and IREDA IPO.

IPO Details

Cello World Limited IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while IREDA IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Cello World Limited IPO	IREDA 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	Kotak Mahindra Capital Company Limited ICICI Securities Limited Iifl Securities Ltd Jm Financial Limited Motilal Oswal Investment Advisors Limited	Idbi Capital Market Services Limited Bob Capital Markets Limited SBI Capital Markets Limited
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 Cello World Limited IPO is up to ₹1,900.00 Cr whereas the issue size of the IREDA IPO is up to ₹2,150.21 Cr. The final issue price of Cello World Limited IPO is ₹648.00 per share and of IREDA IPO is ₹32.00 per share.

	Cello World Limited IPO	IREDA IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹617.00 per share	₹30.00 per share
Issue Price (Upper)	₹648.00 per share	₹32.00 per share
Issue Price (Final)	₹648.00 per share	₹32.00 per share
Discount (Retail)
Discount (Employee)	₹61.00 per share
Market Lot Size	23 shares	460 shares
Fresh Issue Size		40,31,64,706 shares
Fresh Issue Size (Amount)		up to ₹1,290.13 Cr
OFS Issue Size	2,93,20,987 shares	26,87,76,471 shares
OFS Issue Size (Amount)	up to ₹1,900.00 Cr	up to ₹860.08 Cr
Issue Size Total	2,93,20,987 shares	67,19,41,177 shares
Issue Size Total (Amount)	up to ₹1,900.00 Cr	up to ₹2,150.21 Cr

IPO Timetable

Cello World Limited IPO opens on Oct 30, 2023, while IREDA IPO opens on Nov 21, 2023. The closing date of Cello World Limited IPO and IREDA IPO is Nov 01, 2023, and Nov 23, 2023, respectively.

	Cello World Limited IPO	IREDA IPO
Anchor Bid Date	Oct 27, 2023	Nov 20, 2023
Issue Open	Oct 30, 2023	Nov 21, 2023
Issue Close	Nov 01, 2023	Nov 23, 2023
Basis Of Allotment (Tentative)	Nov 02, 2023	Nov 24, 2023
Initiation of Refunds (Tentative)	Nov 02, 2023	Nov 25, 2023
Credit of Share (Tentative)	Nov 03, 2023	Nov 28, 2023
Listing date (Tentative)	Nov 06, 2023	Nov 29, 2023
Anchor Lockin End date 1	Dec 02, 2023	Dec 24, 2023
Anchor Lockin End date 2	Jan 31, 2024	Feb 22, 2024

Financials

Cello World Limited IPO P/E ratio is , as compared to IREDA IPO P/E ratio of 8.47.

Cello World Limited IPO

IREDA IPO

Financial

Cello World Limited Financial Information (Restated Consolidated)

Cello World Limited's revenue increased by 31.88% and profit after tax (PAT) rose by 29.86% 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	1,686.05	1,551.69	1,333.66	1,146.51
Revenue	479.88	1,813.44	1,375.11	1,059.58
Profit After Tax	82.83	285.07	219.52	165.55
Net Worth	1,226.56	665.73	444.04	289.59
Reserves and Surplus	149.61	238.75	87.26	-107.04
Total Borrowing	328.64	335.11	462.91	334.07
Amount in ₹ Crore

Indian Renewable Energy Development Agency Limited Financial Information (Restated Standalone)

Indian Renewable Energy Development Agency Limited's revenue increased by 21.18% and profit after tax (PAT) rose by 36.48% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	51,208.36	50,446.98	36,708.41	30,293.39
Revenue	2,320.46	3,483.04	2,874.16	2,657.74
Profit After Tax	579.32	864.63	633.53	346.38
Net Worth	6,580.61	5,935.17	5,268.11	2,995.60
Reserves and Surplus	2,550.36	2,310.96	1,776.05	1,386.12
Total Borrowing	39,850.19	40,165.23	27,613.07	24,000.00
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

91.8%

100%

Promoter Shareholding (Post-Issue)

78.06

75%

P/E Ratio

8.47

Market Cap

₹13752.57 Cr.

₹8600.85 Cr.

ROE

39.9%%

15.44%%

ROCE

44.48%%

Debt/Equity

0.62

6.77

EPS

₹13.65

₹3.78

RoNW

23.17%%

15.44%%

Shares Offered

In the Cello World Limited IPO retail investors (RII) are offered 1,02,08,333 shares while in IREDA IPO retail investors are offered 1,02,08,333 shares. Qualified institutional buyers (QIB) are offered 58,33,334 shares in Cello World Limited IPO and 13,40,13,152 shares in IREDA IPO.

	Cello World Limited IPO	IREDA IPO
Anchor Investor Reserveration	87,49,999 shares	20,10,19,726 shares
Market Maker Reserveration
QIB	58,33,334 shares	13,40,13,152 shares
NII	43,75,000 shares	10,05,09,864 shares
RII	1,02,08,333 shares	23,45,23,015 shares
Employee	1,70,357 shares	18,75,420 shares
Others
Total	2,05,87,024 shares	47,09,21,451 shares

Bids Received (Subscription)

Cello World Limited IPO subscribed 41.69x in total, whereas IREDA IPO subscribed 38.80x.

	Cello World Limited IPO	IREDA IPO
QIB (times)	122.20x	104.57x
NII (times)	25.65x	24.16x
Big NII (times)	30.02x	26.99x
Small NII (times)	16.91x	18.50x
RII (times)	3.21x	7.73x
Employee (times)	2.74x	9.80x
Other (times)
Total (times)	41.69x	38.80x

Compare with others

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IREDA IPO	Happy Forgings IPO
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IRM Energy IPO	ESAF Small Finance Bank IPO
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