Bajaj Housing Finance IPO vs Interarch Building Products IPO

Comparision between Bajaj Housing Finance IPO and Interarch Building Products IPO.

IPO Details

Bajaj Housing Finance IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Interarch Building Products IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Bajaj Housing Finance IPO	Interarch Building Products 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	Ambit Private Limited Axis Capital 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 Interarch Building Products IPO is up to ₹600.29 Cr. The final issue price of Bajaj Housing Finance IPO is ₹70.00 per share and of Interarch Building Products IPO is ₹900.00 per share.

	Bajaj Housing Finance IPO	Interarch Building Products IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹66.00 per share	₹850.00 per share
Issue Price (Upper)	₹70.00 per share	₹900.00 per share
Issue Price (Final)	₹70.00 per share	₹900.00 per share
Discount (Retail)
Discount (Employee)		₹85.00 per share
Market Lot Size	214 shares	16 shares
Fresh Issue Size	50,85,71,429 shares	22,22,222 shares
Fresh Issue Size (Amount)	up to ₹3,560.00 Cr	up to ₹200.00 Cr
OFS Issue Size	42,85,71,429 shares	44,47,630 shares
OFS Issue Size (Amount)	up to ₹3,000.00 Cr	up to ₹400.29 Cr
Issue Size Total	93,71,42,858 shares	66,69,852 shares
Issue Size Total (Amount)	up to ₹6,560.00 Cr	up to ₹600.29 Cr

IPO Timetable

Bajaj Housing Finance IPO opens on Sep 09, 2024, while Interarch Building Products IPO opens on Aug 19, 2024. The closing date of Bajaj Housing Finance IPO and Interarch Building Products IPO is Sep 11, 2024, and Aug 21, 2024, respectively.

	Bajaj Housing Finance IPO	Interarch Building Products IPO
Anchor Bid Date	Sep 06, 2024	Aug 16, 2024
Issue Open	Sep 09, 2024	Aug 19, 2024
Issue Close	Sep 11, 2024	Aug 21, 2024
Basis Of Allotment (Tentative)	Sep 12, 2024	Aug 22, 2024
Initiation of Refunds (Tentative)	Sep 13, 2024	Aug 23, 2024
Credit of Share (Tentative)	Sep 13, 2024	Aug 23, 2024
Listing date (Tentative)	Sep 16, 2024	Aug 26, 2024
Anchor Lockin End date 1	Oct 12, 2024	Sep 20, 2024
Anchor Lockin End date 2	Dec 11, 2024	Nov 19, 2024

Financials

Bajaj Housing Finance IPO P/E ratio is 31.62, as compared to Interarch Building Products IPO P/E ratio of 15.04.

Bajaj Housing Finance IPO

Interarch Building Products 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

Interarch Building Products Limited Financial Information (Restated)

Interarch Building Products Limited's revenue increased by 15% and profit after tax (PAT) rose by 6% 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	755.01	675.03	543.75
Revenue	1,306.32	1,136.39	840.86
Profit After Tax	86.26	81.46	17.13
Net Worth	262.65	343.8	262.65
Total Borrowing	3.36	11.38	3.36
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

87.53%

Promoter Shareholding (Post-Issue)

87.8%

59.9%

P/E Ratio

31.62

15.04

Market Cap

₹58297.03 Cr.

₹1497.43 Cr.

ROE

19.40%%

ROCE

25.79%%

Debt/Equity

5.7

-0.11

EPS

₹2.21

₹59.84

RoNW

3.6%%

22.26%%

Shares Offered

In the Bajaj Housing Finance IPO retail investors (RII) are offered 29,30,00,000 shares while in Interarch Building Products 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 13,29,526 shares in Interarch Building Products IPO.

	Bajaj Housing Finance IPO	Interarch Building Products IPO
Anchor Investor Reserveration	25,11,42,856 shares	19,94,288 shares
Market Maker Reserveration
QIB	16,74,28,580 shares	13,29,526 shares
NII	12,55,71,430 shares	9,97,145 shares
RII	29,30,00,000 shares	23,26,671 shares
Employee	2,85,71,428 shares	24,539 shares
Others
Total	68,60,00,009 shares	46,77,881 shares

Bids Received (Subscription)

Bajaj Housing Finance IPO subscribed 67.43x in total, whereas Interarch Building Products IPO subscribed 93.79x.

	Bajaj Housing Finance IPO	Interarch Building Products IPO
QIB (times)	222.05x	197.29x
NII (times)	43.98x	130.91x
Big NII (times)	50.53x	148.31x
Small NII (times)	30.88x	96.11x
RII (times)	7.41x	19.46x
Employee (times)	2.13x	25.75x
Other (times)	18.54x
Total (times)	67.43x	93.79x

Compare with others

Bajaj Housing Finance IPO	Interarch Building Products IPO
Kross IPO	Gala Precision Engineering IPO
Tolins Tyres IPO	Baazar Style Retail IPO
Shree Tirupati Balajee IPO	Bajaj Housing Finance IPO
Gala Precision Engineering IPO	ECO Mobility IPO
Baazar Style Retail IPO	Premier Energies IPO
ECO Mobility IPO	Orient Technologies IPO
Premier Energies IPO	Unicommerce eSolutions IPO
Interarch Building Products IPO	Brainbees Solutions (Firstcry) IPO
Orient Technologies IPO	Ceigall India IPO
Unicommerce eSolutions IPO	Akums Drugs and Pharmaceuticals IPO

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