Baazar Style Retail IPO vs Bajaj Housing Finance IPO

Comparision between Baazar Style Retail IPO and Bajaj Housing Finance IPO.

IPO Details

Baazar Style Retail IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Bajaj Housing Finance IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Baazar Style Retail IPO	Bajaj Housing Finance 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	Axis Capital Limited Intensive Fiscal Services Private Limited Jm Financial Limited	Kotak Mahindra Capital Company Limited Bofa Securities India Limited Axis Capital Limited Goldman Sachs (India) Securities Private Limited SBI Capital Markets Limited Jm Financial Limited Iifl Securities 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 Baazar Style Retail IPO is up to ₹834.68 Cr whereas the issue size of the Bajaj Housing Finance IPO is up to ₹6,560.00 Cr. The final issue price of Baazar Style Retail IPO is ₹389.00 per share and of Bajaj Housing Finance IPO is ₹70.00 per share.

	Baazar Style Retail IPO	Bajaj Housing Finance IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹370.00 per share	₹66.00 per share
Issue Price (Upper)	₹389.00 per share	₹70.00 per share
Issue Price (Final)	₹389.00 per share	₹70.00 per share
Discount (Retail)
Discount (Employee)	₹35.00 per share
Market Lot Size	38 shares	214 shares
Fresh Issue Size	38,04,627 shares	50,85,71,429 shares
Fresh Issue Size (Amount)	up to ₹148.00 Cr	up to ₹3,560.00 Cr
OFS Issue Size	1,76,52,320 shares	42,85,71,429 shares
OFS Issue Size (Amount)	up to ₹686.68 Cr	up to ₹3,000.00 Cr
Issue Size Total	2,14,56,947 shares	93,71,42,858 shares
Issue Size Total (Amount)	up to ₹834.68 Cr	up to ₹6,560.00 Cr

IPO Timetable

Baazar Style Retail IPO opens on Aug 30, 2024, while Bajaj Housing Finance IPO opens on Sep 09, 2024. The closing date of Baazar Style Retail IPO and Bajaj Housing Finance IPO is Sep 03, 2024, and Sep 11, 2024, respectively.

	Baazar Style Retail IPO	Bajaj Housing Finance IPO
Anchor Bid Date	Aug 29, 2024	Sep 06, 2024
Issue Open	Aug 30, 2024	Sep 09, 2024
Issue Close	Sep 03, 2024	Sep 11, 2024
Basis Of Allotment (Tentative)	Sep 04, 2024	Sep 12, 2024
Initiation of Refunds (Tentative)	Sep 05, 2024	Sep 13, 2024
Credit of Share (Tentative)	Sep 05, 2024	Sep 13, 2024
Listing date (Tentative)	Sep 06, 2024	Sep 16, 2024
Anchor Lockin End date 1	Oct 03, 2024	Oct 12, 2024
Anchor Lockin End date 2	Dec 02, 2024	Dec 11, 2024

Financials

Baazar Style Retail IPO P/E ratio is 125.54, as compared to Bajaj Housing Finance IPO P/E ratio of 31.62.

Baazar Style Retail IPO

Bajaj Housing Finance IPO

Financial

Baazar Style Retail Limited Financial Information (Restated Consolidated)

Period Ended	31 Mar 2024
Assets	1,165.97
Revenue	982.83
Profit After Tax	21.94
Net Worth	212.56
Reserves and Surplus	180.2
Total Borrowing	178.23
Amount in ₹ Crore

Bajaj Housing Finance Limited Financial Information (Restated)

Bajaj Housing Finance Limited's revenue increased by 34% and profit after tax (PAT) rose by 38% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	88,538.83	81,827.09	64,654.14	48,527.08
Revenue	2,208.73	7,617.71	5,665.44	3,767.13
Profit After Tax	482.61	1,731.22	1,257.8	709.62
Net Worth	14,719.91	12,233.5	10,503.19	6,741.36
Reserves and Surplus	4,252.83	5,520.81	3,791.03	1,858.03
Total Borrowing	73,347.06	69,129.32	53,745.39	41,492.32
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

55.03%

100.00%

Promoter Shareholding (Post-Issue)

45.6%

87.8%

P/E Ratio

125.54

31.62

Market Cap

₹2902.55 Cr.

₹58297.03 Cr.

ROE

10.74%%

ROCE

18.39%%

Debt/Equity

0.76

5.7

EPS

₹3.10

₹2.21

RoNW

10.32%%

3.6%%

Shares Offered

In the Baazar Style Retail IPO retail investors (RII) are offered 75,00,934 shares while in Bajaj Housing Finance IPO retail investors are offered 75,00,934 shares. Qualified institutional buyers (QIB) are offered 42,86,248 shares in Baazar Style Retail IPO and 16,74,28,580 shares in Bajaj Housing Finance IPO.

	Baazar Style Retail IPO	Bajaj Housing Finance IPO
Anchor Investor Reserveration	64,29,372 shares	25,11,42,856 shares
Market Maker Reserveration
QIB	42,86,248 shares	16,74,28,580 shares
NII	32,14,686 shares	12,55,71,430 shares
RII	75,00,934 shares	29,30,00,000 shares
Employee	28,248 shares	2,85,71,428 shares
Others
Total	1,50,30,116 shares	68,60,00,009 shares

Bids Received (Subscription)

Baazar Style Retail IPO subscribed 40.63x in total, whereas Bajaj Housing Finance IPO subscribed 67.43x.

	Baazar Style Retail IPO	Bajaj Housing Finance IPO
QIB (times)	81.83x	222.05x
NII (times)	59.41x	43.98x
Big NII (times)	69.27x	50.53x
Small NII (times)	39.68x	30.88x
RII (times)	9.07x	7.41x
Employee (times)	35.08x	2.13x
Other (times)		18.54x
Total (times)	40.63x	67.43x

Compare with others

Baazar Style Retail IPO	Bajaj Housing Finance IPO
P N Gadgil Jewellers IPO	Kross IPO
Kross IPO	Tolins Tyres IPO
Tolins Tyres IPO	Shree Tirupati Balajee IPO
Shree Tirupati Balajee IPO	Gala Precision Engineering IPO
Gala Precision Engineering IPO	Baazar Style Retail IPO
Bajaj Housing Finance IPO	ECO Mobility IPO
ECO Mobility IPO	Premier Energies IPO
Premier Energies IPO	Interarch Building Products IPO
Interarch Building Products IPO	Orient Technologies IPO
Orient Technologies IPO	Unicommerce eSolutions IPO

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