IRM Energy IPO vs Saraswati Saree Depot IPO

Comparision between IRM Energy IPO and Saraswati Saree Depot IPO.

IPO Details

IRM Energy IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Saraswati Saree Depot IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	IRM Energy IPO	Saraswati Saree Depot 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	Unistone Capital Pvt Ltd
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
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 Saraswati Saree Depot IPO is up to ₹160.01 Cr. The final issue price of IRM Energy IPO is ₹505.00 per share and of Saraswati Saree Depot IPO is ₹160.00 per share.

	IRM Energy IPO	Saraswati Saree Depot IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹480.00 per share	₹152.00 per share
Issue Price (Upper)	₹505.00 per share	₹160.00 per share
Issue Price (Final)	₹505.00 per share	₹160.00 per share
Discount (Retail)
Discount (Employee)	₹48.00 per share
Market Lot Size	29 shares	90 shares
Fresh Issue Size	1,08,00,000 shares	64,99,800 shares
Fresh Issue Size (Amount)	up to ₹545.40 Cr	up to ₹104.00 Cr
OFS Issue Size		35,01,000 shares
OFS Issue Size (Amount)		up to ₹56.02 Cr
Issue Size Total	1,08,00,000 shares	1,00,00,800 shares
Issue Size Total (Amount)	up to ₹545.40 Cr	up to ₹160.01 Cr

IPO Timetable

IRM Energy IPO opens on Oct 18, 2023, while Saraswati Saree Depot IPO opens on Aug 12, 2024. The closing date of IRM Energy IPO and Saraswati Saree Depot IPO is Oct 20, 2023, and Aug 14, 2024, respectively.

	IRM Energy IPO	Saraswati Saree Depot IPO
Anchor Bid Date	Oct 17, 2023	Aug 09, 2024
Issue Open	Oct 18, 2023	Aug 12, 2024
Issue Close	Oct 20, 2023	Aug 14, 2024
Basis Of Allotment (Tentative)	Oct 27, 2023	Aug 16, 2024
Initiation of Refunds (Tentative)	Oct 27, 2023	Aug 19, 2024
Credit of Share (Tentative)	Oct 30, 2023	Aug 19, 2024
Listing date (Tentative)	Oct 26, 2023	Aug 20, 2024
Anchor Lockin End date 1	Nov 26, 2023	Sep 15, 2024
Anchor Lockin End date 2	Jan 25, 2024	Nov 14, 2024

Financials

IRM Energy IPO P/E ratio is 24.13, as compared to Saraswati Saree Depot IPO P/E ratio of 17.94.

IRM Energy IPO

Saraswati Saree Depot 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

Saraswati Saree Depot Limited Financial Information (Restated Consolidated)

Saraswati Saree Depot Limited's revenue increased by 2% and profit after tax (PAT) rose by 29% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	205.94	188.85	169.93
Revenue	612.58	603.52	550.31
Profit After Tax	29.53	22.97	12.31
Net Worth	64.91	35.38	12.41
Total Borrowing	43.49	41.43	66.62
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

67.94%

100%

Promoter Shareholding (Post-Issue)

74.75%

P/E Ratio

24.13

17.94

Market Cap

₹2073.51 Cr.

₹633.60 Cr.

ROE

18.23%%

58.88%

ROCE

14.19%%

64.46%

Debt/Equity

0.93

0.67

EPS

₹20.93

₹8.92

RoNW

18.23%%

45.49%

Shares Offered

In the IRM Energy IPO retail investors (RII) are offered 37,04,400 shares while in Saraswati Saree Depot IPO retail investors are offered 37,04,400 shares. Qualified institutional buyers (QIB) are offered 21,16,800 shares in IRM Energy IPO and 50,00,400 shares in Saraswati Saree Depot IPO.

	IRM Energy IPO	Saraswati Saree Depot IPO
Anchor Investor Reserveration	31,75,200 shares
Market Maker Reserveration
QIB	21,16,800 shares	50,00,400 shares
NII	15,87,600 shares	15,00,120 shares
RII	37,04,400 shares	35,00,280 shares
Employee	2,16,000 shares	0 shares
Others
Total	76,24,800 shares	1,00,00,800 shares

Bids Received (Subscription)

IRM Energy IPO subscribed 27.05x in total, whereas Saraswati Saree Depot IPO subscribed 107.39x.

	IRM Energy IPO	Saraswati Saree Depot IPO
QIB (times)	44.73x	64.12x
NII (times)	48.34x	358.47x
Big NII (times)	52.29x	389.28x
Small NII (times)	40.46x	296.85x
RII (times)	9.29x	61.59x
Employee (times)	2.05x
Other (times)
Total (times)	27.05x	107.39x

Compare with others

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

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