ESAF Small Finance Bank IPO vs IRM Energy IPO

Comparision between ESAF Small Finance Bank IPO and IRM Energy IPO.

IPO Details

ESAF Small Finance Bank 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.

	ESAF Small Finance Bank 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	ICICI Securities Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Nuvama Wealth Management 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 ESAF Small Finance Bank IPO is up to ₹463.00 Cr whereas the issue size of the IRM Energy IPO is up to ₹545.40 Cr. The final issue price of ESAF Small Finance Bank IPO is ₹60.00 per share and of IRM Energy IPO is ₹505.00 per share.

	ESAF Small Finance Bank IPO	IRM Energy IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹57.00 per share	₹480.00 per share
Issue Price (Upper)	₹60.00 per share	₹505.00 per share
Issue Price (Final)	₹60.00 per share	₹505.00 per share
Discount (Retail)
Discount (Employee)	₹5.00 per share	₹48.00 per share
Market Lot Size	250 shares	29 shares
Fresh Issue Size	6,51,16,667 shares	1,08,00,000 shares
Fresh Issue Size (Amount)	up to ₹390.70 Cr	up to ₹545.40 Cr
OFS Issue Size	1,20,50,000 shares
OFS Issue Size (Amount)	up to ₹72.30 Cr
Issue Size Total	7,71,66,667 shares	1,08,00,000 shares
Issue Size Total (Amount)	up to ₹463.00 Cr	up to ₹545.40 Cr

IPO Timetable

ESAF Small Finance Bank IPO opens on Nov 03, 2023, while IRM Energy IPO opens on Oct 18, 2023. The closing date of ESAF Small Finance Bank IPO and IRM Energy IPO is Nov 07, 2023, and Oct 20, 2023, respectively.

	ESAF Small Finance Bank IPO	IRM Energy IPO
Anchor Bid Date	Nov 02, 2023	Oct 17, 2023
Issue Open	Nov 03, 2023	Oct 18, 2023
Issue Close	Nov 07, 2023	Oct 20, 2023
Basis Of Allotment (Tentative)	Nov 08, 2023	Oct 27, 2023
Initiation of Refunds (Tentative)	Nov 08, 2023	Oct 27, 2023
Credit of Share (Tentative)	Nov 09, 2023	Oct 30, 2023
Listing date (Tentative)	Nov 10, 2023	Oct 26, 2023
Anchor Lockin End date 1	Dec 08, 2023	Nov 26, 2023
Anchor Lockin End date 2	Feb 06, 2024	Jan 25, 2024

Financials

ESAF Small Finance Bank IPO P/E ratio is 8.94, as compared to IRM Energy IPO P/E ratio of 24.13.

ESAF Small Finance Bank IPO

IRM Energy IPO

Financial

ESAF Small Finance Bank Limited Financial Information (Restated)

ESAF Small Finance Bank Limited's revenue increased by 46.29% and profit after tax (PAT) rose by 452.39% 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	20,795.94	20,223.66	17,707.56	12,338.65
Revenue	991.78	3,141.57	2,147.51	1,768.42
Profit After Tax	129.96	302.33	54.73	105.40
Net Worth	1,839.09	1,709.13	1,406.80	1,352.06
Reserves and Surplus	1,389.62	1,259.66	957.32	902.59
Total Borrowing	2,739.13	3,354.20	2,952.83	1,694.00
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)

74.43%

67.94%

Promoter Shareholding (Post-Issue)

59.74%

P/E Ratio

8.94

24.13

Market Cap

₹3087.54 Cr.

₹2073.51 Cr.

ROE

18.23%%

ROCE

14.19%%

Debt/Equity

0.93

EPS

₹6.73

₹20.93

RoNW

17.69%%

18.23%%

Shares Offered

In the ESAF Small Finance Bank IPO retail investors (RII) are offered 2,62,79,167 shares while in IRM Energy IPO retail investors are offered 2,62,79,167 shares. Qualified institutional buyers (QIB) are offered 1,50,16,669 shares in ESAF Small Finance Bank IPO and 21,16,800 shares in IRM Energy IPO.

	ESAF Small Finance Bank IPO	IRM Energy IPO
Anchor Investor Reserveration	2,25,24,998 shares	31,75,200 shares
Market Maker Reserveration
QIB	1,50,16,669 shares	21,16,800 shares
NII	1,12,62,500 shares	15,87,600 shares
RII	2,62,79,167 shares	37,04,400 shares
Employee	22,83,653 shares	2,16,000 shares
Others
Total	5,48,41,989 shares	76,24,800 shares

Bids Received (Subscription)

ESAF Small Finance Bank IPO subscribed 77.00x in total, whereas IRM Energy IPO subscribed 27.05x.

	ESAF Small Finance Bank IPO	IRM Energy IPO
QIB (times)	182.66x	44.73x
NII (times)	88.81x	48.34x
Big NII (times)	96.51x	52.29x
Small NII (times)	73.41x	40.46x
RII (times)	17.86x	9.29x
Employee (times)	4.59x	2.05x
Other (times)
Total (times)	77.00x	27.05x

Compare with others

ESAF Small Finance Bank IPO	IRM Energy IPO
Flair Writing IPO	ESAF Small Finance Bank IPO
IREDA IPO	Cello World Limited IPO
Fedbank Financial Services IPO	Mamaearth IPO
Gandhar Oil Refinery India IPO	Blue Jet Healthcare IPO
ASK Automotive IPO	Protean eGov Technologies IPO
Cello World Limited IPO	Saraswati Saree Depot IPO
Mamaearth IPO	Plaza Wires IPO
Blue Jet Healthcare IPO	Updater Services IPO
Protean eGov Technologies IPO	Valiant Laboratories IPO
IRM Energy IPO	Manoj Vaibhav Gems 'N' Jewellers IPO

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