Blue Jet Healthcare IPO vs IRM Energy IPO

Comparision between Blue Jet Healthcare IPO and IRM Energy IPO.

IPO Details

Blue Jet Healthcare IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while IRM Energy IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Blue Jet Healthcare IPO	IRM Energy 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 J.P. Morgan India Private Limited	Hdfc Bank Limited Bob 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 Blue Jet Healthcare IPO is up to ₹840.27 Cr whereas the issue size of the IRM Energy IPO is up to ₹545.40 Cr. The final issue price of Blue Jet Healthcare IPO is ₹346.00 per share and of IRM Energy IPO is ₹505.00 per share.

	Blue Jet Healthcare IPO	IRM Energy IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹329.00 per share	₹480.00 per share
Issue Price (Upper)	₹346.00 per share	₹505.00 per share
Issue Price (Final)	₹346.00 per share	₹505.00 per share
Discount (Retail)
Discount (Employee)		₹48.00 per share
Market Lot Size	43 shares	29 shares
Fresh Issue Size		1,08,00,000 shares
Fresh Issue Size (Amount)		up to ₹545.40 Cr
OFS Issue Size	2,42,85,160 shares
OFS Issue Size (Amount)	up to ₹840.27 Cr
Issue Size Total	2,42,85,160 shares	1,08,00,000 shares
Issue Size Total (Amount)	up to ₹840.27 Cr	up to ₹545.40 Cr

IPO Timetable

Blue Jet Healthcare IPO opens on Oct 25, 2023, while IRM Energy IPO opens on Oct 18, 2023. The closing date of Blue Jet Healthcare IPO and IRM Energy IPO is Oct 27, 2023, and Oct 20, 2023, respectively.

	Blue Jet Healthcare IPO	IRM Energy IPO
Anchor Bid Date	Oct 23, 2023	Oct 17, 2023
Issue Open	Oct 25, 2023	Oct 18, 2023
Issue Close	Oct 27, 2023	Oct 20, 2023
Basis Of Allotment (Tentative)	Oct 30, 2023	Oct 27, 2023
Initiation of Refunds (Tentative)	Oct 31, 2023	Oct 27, 2023
Credit of Share (Tentative)	Oct 31, 2023	Oct 30, 2023
Listing date (Tentative)	Nov 01, 2023	Oct 26, 2023
Anchor Lockin End date 1	Nov 29, 2023	Nov 26, 2023
Anchor Lockin End date 2	Jan 28, 2024	Jan 25, 2024

Financials

Blue Jet Healthcare IPO P/E ratio is 37.49, as compared to IRM Energy IPO P/E ratio of 24.13.

Blue Jet Healthcare IPO

IRM Energy IPO

Financial

Blue Jet Healthcare Limited Financial Information (Restated Standalone)

Blue Jet Healthcare Limited's revenue increased by 5.98% and profit after tax (PAT) dropped by -11.88% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022
Assets	903.80	862.07	713.38
Revenue	184.60	744.94	702.88
Profit After Tax	44.12	160.03	181.59
Net Worth	725.68	681.49	521.54
Reserves and Surplus	690.99	646.79	486.85
Total Borrowing
Amount in ₹ Crore

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

Promoter Shareholding (Pre-Issue)

100%

67.94%

Promoter Shareholding (Post-Issue)

86%

P/E Ratio

37.49

24.13

Market Cap

₹6001.90 Cr.

₹2073.51 Cr.

ROE

26.60%%

18.23%%

ROCE

31.91%%

14.19%%

Debt/Equity

0.93

EPS

₹9.23

₹20.93

RoNW

23.48%%

18.23%%

Shares Offered

In the Blue Jet Healthcare IPO retail investors (RII) are offered 84,99,806 shares while in IRM Energy IPO retail investors are offered 84,99,806 shares. Qualified institutional buyers (QIB) are offered 48,57,032 shares in Blue Jet Healthcare IPO and 21,16,800 shares in IRM Energy IPO.

	Blue Jet Healthcare IPO	IRM Energy IPO
Anchor Investor Reserveration	72,85,548 shares	31,75,200 shares
Market Maker Reserveration
QIB	48,57,032 shares	21,16,800 shares
NII	36,42,774 shares	15,87,600 shares
RII	84,99,806 shares	37,04,400 shares
Employee	0 shares	2,16,000 shares
Others
Total	1,69,99,612 shares	76,24,800 shares

Bids Received (Subscription)

Blue Jet Healthcare IPO subscribed 7.95x in total, whereas IRM Energy IPO subscribed 27.05x.

	Blue Jet Healthcare IPO	IRM Energy IPO
QIB (times)	13.72x	44.73x
NII (times)	13.59x	48.34x
Big NII (times)	15.65x	52.29x
Small NII (times)	9.48x	40.46x
RII (times)	2.24x	9.29x
Employee (times)		2.05x
Other (times)
Total (times)	7.95x	27.05x

Compare with others

Blue Jet Healthcare IPO	IRM Energy IPO
Gandhar Oil Refinery India IPO	ESAF Small Finance Bank IPO
ASK Automotive IPO	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
Protean eGov Technologies IPO	Saraswati Saree Depot IPO
IRM Energy IPO	Plaza Wires IPO
Saraswati Saree Depot IPO	Updater Services IPO
Plaza Wires IPO	Valiant Laboratories IPO
Updater Services IPO	Manoj Vaibhav Gems 'N' Jewellers IPO

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