Cello World Limited IPO vs Protean eGov Technologies IPO

Comparision between Cello World Limited IPO and Protean eGov Technologies IPO.

IPO Details

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

	Cello World Limited IPO	Protean eGov Technologies IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE
Lead Managers	Kotak Mahindra Capital Company Limited ICICI Securities Limited Iifl Securities Ltd Jm Financial Limited Motilal Oswal Investment Advisors Limited	ICICI Securities Limited Equirus Capital Private Limited Iifl Securities Ltd Nomura Financial Advisory And Securities (India) 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 Cello World Limited IPO is up to ₹1,900.00 Cr whereas the issue size of the Protean eGov Technologies IPO is up to ₹490.33 Cr. The final issue price of Cello World Limited IPO is ₹648.00 per share and of Protean eGov Technologies IPO is ₹792.00 per share.

	Cello World Limited IPO	Protean eGov Technologies IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹617.00 per share	₹752.00 per share
Issue Price (Upper)	₹648.00 per share	₹792.00 per share
Issue Price (Final)	₹648.00 per share	₹792.00 per share
Discount (Retail)
Discount (Employee)	₹61.00 per share	₹75.00 per share
Market Lot Size	23 shares	18 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size	2,93,20,987 shares	61,91,000 shares
OFS Issue Size (Amount)	up to ₹1,900.00 Cr	up to ₹490.33 Cr
Issue Size Total	2,93,20,987 shares	61,91,000 shares
Issue Size Total (Amount)	up to ₹1,900.00 Cr	up to ₹490.33 Cr

IPO Timetable

Cello World Limited IPO opens on Oct 30, 2023, while Protean eGov Technologies IPO opens on Nov 06, 2023. The closing date of Cello World Limited IPO and Protean eGov Technologies IPO is Nov 01, 2023, and Nov 08, 2023, respectively.

	Cello World Limited IPO	Protean eGov Technologies IPO
Anchor Bid Date	Oct 27, 2023	Nov 03, 2023
Issue Open	Oct 30, 2023	Nov 06, 2023
Issue Close	Nov 01, 2023	Nov 08, 2023
Basis Of Allotment (Tentative)	Nov 02, 2023	Nov 13, 2023
Initiation of Refunds (Tentative)	Nov 02, 2023	Nov 15, 2023
Credit of Share (Tentative)	Nov 03, 2023	Nov 16, 2023
Listing date (Tentative)	Nov 06, 2023	Nov 13, 2023
Anchor Lockin End date 1	Dec 02, 2023	Dec 13, 2023
Anchor Lockin End date 2	Jan 31, 2024	Feb 11, 2024

Financials

Cello World Limited IPO P/E ratio is , as compared to Protean eGov Technologies IPO P/E ratio of 29.91.

Cello World Limited IPO

Protean eGov Technologies 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

Protean eGov Technologies Limited Financial Information (Restated Consolidated)

Protean eGov Technologies Limited's revenue increased by 1.78% and profit after tax (PAT) dropped by -25.63% 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	1,133.86	1,104.10	988.14	862.39
Revenue	233.17	783.87	770.18	652.03
Profit After Tax	32.21	107.04	143.94	92.19
Net Worth	888.10	856.94	788.00	667.46
Reserves and Surplus	847.48	816.33	747.43	627.14
Total Borrowing
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

91.8%

Promoter Shareholding (Post-Issue)

78.06

P/E Ratio

29.91

Market Cap

₹13752.57 Cr.

₹3203.38 Cr.

ROE

39.9%%

12.49%%

ROCE

44.48%%

16.13%%

Debt/Equity

0.62

EPS

₹13.65

₹26.48

RoNW

23.17%%

12.49%%

Shares Offered

In the Cello World Limited IPO retail investors (RII) are offered 1,02,08,333 shares while in Protean eGov Technologies 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 12,08,200 shares in Protean eGov Technologies IPO.

	Cello World Limited IPO	Protean eGov Technologies IPO
Anchor Investor Reserveration	87,49,999 shares	18,12,300 shares
Market Maker Reserveration
QIB	58,33,334 shares	12,08,200 shares
NII	43,75,000 shares	9,06,150 shares
RII	1,02,08,333 shares	21,14,350 shares
Employee	1,70,357 shares	1,50,000 shares
Others
Total	2,05,87,024 shares	43,78,700 shares

Bids Received (Subscription)

Cello World Limited IPO subscribed 41.69x in total, whereas Protean eGov Technologies IPO subscribed 23.86x.

	Cello World Limited IPO	Protean eGov Technologies IPO
QIB (times)	122.20x	46.94x
NII (times)	25.65x	31.62x
Big NII (times)	30.02x	33.14x
Small NII (times)	16.91x	28.58x
RII (times)	3.21x	8.93x
Employee (times)	2.74x	1.49x
Other (times)
Total (times)	41.69x	23.86x

Compare with others

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

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