IRM Energy IPO vs Plaza Wires IPO

Comparision between IRM Energy IPO and Plaza Wires IPO.

IPO Details

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

	IRM Energy IPO	Plaza Wires 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	Pantomath Capital Advisors Pvt Ltd
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
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 Plaza Wires IPO is up to ₹71.28 Cr. The final issue price of IRM Energy IPO is ₹505.00 per share and of Plaza Wires IPO is ₹54.00 per share.

	IRM Energy IPO	Plaza Wires IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹480.00 per share	₹51.00 per share
Issue Price (Upper)	₹505.00 per share	₹54.00 per share
Issue Price (Final)	₹505.00 per share	₹54.00 per share
Discount (Retail)
Discount (Employee)	₹48.00 per share
Market Lot Size	29 shares	277 shares
Fresh Issue Size	1,08,00,000 shares	1,32,00,158 shares
Fresh Issue Size (Amount)	up to ₹545.40 Cr	up to ₹71.28 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	1,08,00,000 shares	1,32,00,158 shares
Issue Size Total (Amount)	up to ₹545.40 Cr	up to ₹71.28 Cr

IPO Timetable

IRM Energy IPO opens on Oct 18, 2023, while Plaza Wires IPO opens on Sep 29, 2023. The closing date of IRM Energy IPO and Plaza Wires IPO is Oct 20, 2023, and Oct 05, 2023, respectively.

	IRM Energy IPO	Plaza Wires IPO
Anchor Bid Date	Oct 17, 2023	Sep 27, 2023
Issue Open	Oct 18, 2023	Sep 29, 2023
Issue Close	Oct 20, 2023	Oct 05, 2023
Basis Of Allotment (Tentative)	Oct 27, 2023	Oct 09, 2023
Initiation of Refunds (Tentative)	Oct 27, 2023	Oct 11, 2023
Credit of Share (Tentative)	Oct 30, 2023	Oct 12, 2023
Listing date (Tentative)	Oct 26, 2023	Oct 12, 2023
Anchor Lockin End date 1	Nov 26, 2023	Nov 08, 2023
Anchor Lockin End date 2	Jan 25, 2024	Jan 07, 2024

Financials

IRM Energy IPO P/E ratio is 24.13, as compared to Plaza Wires IPO P/E ratio of 21.95.

IRM Energy IPO

Plaza Wires 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

Plaza Wires Limited Financial Information (Restated)

Plaza Wires Limited's revenue increased by 3.2% and profit after tax (PAT) rose by 26.13% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	112.10	104.17	99.28
Revenue	182.60	176.94	145.60
Profit After Tax	7.51	5.95	4.24
Net Worth	53.08	45.52	39.48
Reserves and Surplus	22.53	14.96	35.66
Total Borrowing	39.68	40.09	43.30
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

67.94%

100%

Promoter Shareholding (Post-Issue)

69.83%

P/E Ratio

24.13

21.95

Market Cap

₹2073.51 Cr.

₹236.26 Cr.

ROE

18.23%%

14.15%%

ROCE

14.19%%

15.57%%

Debt/Equity

0.93

0.75

EPS

₹20.93

₹2.46

RoNW

18.23%%

14.16%%

Shares Offered

In the IRM Energy IPO retail investors (RII) are offered 37,04,400 shares while in Plaza Wires IPO retail investors are offered 37,04,400 shares. Qualified institutional buyers (QIB) are offered 21,16,800 shares in IRM Energy IPO and 61,96,076 shares in Plaza Wires IPO.

	IRM Energy IPO	Plaza Wires IPO
Anchor Investor Reserveration	31,75,200 shares	37,04,044 shares
Market Maker Reserveration
QIB	21,16,800 shares	61,96,076 shares
NII	15,87,600 shares	19,80,023 shares
RII	37,04,400 shares	13,20,015 shares
Employee	2,16,000 shares	0 shares
Others
Total	76,24,800 shares	94,96,114 shares

Bids Received (Subscription)

IRM Energy IPO subscribed 27.05x in total, whereas Plaza Wires IPO subscribed 160.97x.

	IRM Energy IPO	Plaza Wires IPO
QIB (times)	44.73x	42.84x
NII (times)	48.34x	388.09x
Big NII (times)	52.29x	360.92x
Small NII (times)	40.46x	442.42x
RII (times)	9.29x	374.81x
Employee (times)	2.05x
Other (times)
Total (times)	27.05x	160.97x

Compare with others

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

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