Bajaj Housing Finance IPO vs Gala Precision Engineering IPO

Comparision between Bajaj Housing Finance IPO and Gala Precision Engineering IPO.

IPO Details

Bajaj Housing Finance IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Gala Precision Engineering IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Bajaj Housing Finance IPO	Gala Precision Engineering 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	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	PL Capital Markets Private Limited
Registrar	Kfin Technologies Limited	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 Bajaj Housing Finance IPO is up to ₹6,560.00 Cr whereas the issue size of the Gala Precision Engineering IPO is up to ₹167.93 Cr. The final issue price of Bajaj Housing Finance IPO is ₹70.00 per share and of Gala Precision Engineering IPO is ₹529.00 per share.

	Bajaj Housing Finance IPO	Gala Precision Engineering IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹66.00 per share	₹503.00 per share
Issue Price (Upper)	₹70.00 per share	₹529.00 per share
Issue Price (Final)	₹70.00 per share	₹529.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	214 shares	28 shares
Fresh Issue Size	50,85,71,429 shares	25,58,416 shares
Fresh Issue Size (Amount)	up to ₹3,560.00 Cr	up to ₹135.34 Cr
OFS Issue Size	42,85,71,429 shares	6,16,000 shares
OFS Issue Size (Amount)	up to ₹3,000.00 Cr	up to ₹32.59 Cr
Issue Size Total	93,71,42,858 shares	31,74,416 shares
Issue Size Total (Amount)	up to ₹6,560.00 Cr	up to ₹167.93 Cr

IPO Timetable

Bajaj Housing Finance IPO opens on Sep 09, 2024, while Gala Precision Engineering IPO opens on Sep 02, 2024. The closing date of Bajaj Housing Finance IPO and Gala Precision Engineering IPO is Sep 11, 2024, and Sep 04, 2024, respectively.

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

Financials

Bajaj Housing Finance IPO P/E ratio is 31.62, as compared to Gala Precision Engineering IPO P/E ratio of 23.95.

Bajaj Housing Finance IPO

Gala Precision Engineering IPO

Financial

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

Gala Precision Engineering Limited Financial Information (Restated)

Gala Precision Engineering Limited's revenue increased by 22% and profit after tax (PAT) dropped by -8% 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	188.69	170.39	145.62
Revenue	204.38	167.08	147.96
Profit After Tax	22.33	24.21	6.63
Net Worth	104.45	83.66	59.32
Reserves and Surplus	94.67	81.13	56.79
Total Borrowing	55.03	58.6	56.89
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

74.56%

Promoter Shareholding (Post-Issue)

87.8%

55.4%

P/E Ratio

31.62

23.95

Market Cap

₹58297.03 Cr.

₹670.24 Cr.

ROE

23.59%%

ROCE

19.91%%

Debt/Equity

5.7

0.53

EPS

₹2.21

₹22.09

RoNW

3.6%%

21.38%%

Shares Offered

In the Bajaj Housing Finance IPO retail investors (RII) are offered 29,30,00,000 shares while in Gala Precision Engineering IPO retail investors are offered 29,30,00,000 shares. Qualified institutional buyers (QIB) are offered 16,74,28,580 shares in Bajaj Housing Finance IPO and 6,33,724 shares in Gala Precision Engineering IPO.

	Bajaj Housing Finance IPO	Gala Precision Engineering IPO
Anchor Investor Reserveration	25,11,42,856 shares	9,50,586 shares
Market Maker Reserveration
QIB	16,74,28,580 shares	6,33,724 shares
NII	12,55,71,430 shares	4,75,293 shares
RII	29,30,00,000 shares	11,09,017 shares
Employee	2,85,71,428 shares	5,796 shares
Others
Total	68,60,00,009 shares	22,23,830 shares

Bids Received (Subscription)

Bajaj Housing Finance IPO subscribed 67.43x in total, whereas Gala Precision Engineering IPO subscribed 201.41x.

	Bajaj Housing Finance IPO	Gala Precision Engineering IPO
QIB (times)	222.05x	232.54x
NII (times)	43.98x	414.62x
Big NII (times)	50.53x	439.67x
Small NII (times)	30.88x	364.54x
RII (times)	7.41x	91.95x
Employee (times)	2.13x	258.95x
Other (times)	18.54x
Total (times)	67.43x	201.41x

Compare with others

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

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