Bajaj Housing Finance IPO vs Tolins Tyres IPO

Comparision between Bajaj Housing Finance IPO and Tolins Tyres IPO.

IPO Details

Bajaj Housing Finance IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Tolins Tyres IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Bajaj Housing Finance IPO	Tolins Tyres 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	Saffron Capital Advisors Private Limited
Registrar	Kfin Technologies Limited	Cameo Corporate Services 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 Bajaj Housing Finance IPO is up to ₹6,560.00 Cr whereas the issue size of the Tolins Tyres IPO is up to ₹230.00 Cr. The final issue price of Bajaj Housing Finance IPO is ₹70.00 per share and of Tolins Tyres IPO is ₹226.00 per share.

	Bajaj Housing Finance IPO	Tolins Tyres IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹66.00 per share	₹215.00 per share
Issue Price (Upper)	₹70.00 per share	₹226.00 per share
Issue Price (Final)	₹70.00 per share	₹226.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	214 shares	66 shares
Fresh Issue Size	50,85,71,429 shares	88,49,558 shares
Fresh Issue Size (Amount)	up to ₹3,560.00 Cr	up to ₹200.00 Cr
OFS Issue Size	42,85,71,429 shares	13,27,434 shares
OFS Issue Size (Amount)	up to ₹3,000.00 Cr	up to ₹30.00 Cr
Issue Size Total	93,71,42,858 shares	1,01,76,992 shares
Issue Size Total (Amount)	up to ₹6,560.00 Cr	up to ₹230.00 Cr

IPO Timetable

Bajaj Housing Finance IPO opens on Sep 09, 2024, while Tolins Tyres IPO opens on Sep 09, 2024. The closing date of Bajaj Housing Finance IPO and Tolins Tyres IPO is Sep 11, 2024, and Sep 11, 2024, respectively.

	Bajaj Housing Finance IPO	Tolins Tyres IPO
Anchor Bid Date	Sep 06, 2024	Sep 06, 2024
Issue Open	Sep 09, 2024	Sep 09, 2024
Issue Close	Sep 11, 2024	Sep 11, 2024
Basis Of Allotment (Tentative)	Sep 12, 2024	Sep 12, 2024
Initiation of Refunds (Tentative)	Sep 13, 2024	Sep 13, 2024
Credit of Share (Tentative)	Sep 13, 2024	Sep 13, 2024
Listing date (Tentative)	Sep 16, 2024	Sep 16, 2024
Anchor Lockin End date 1	Oct 12, 2024	Oct 12, 2024
Anchor Lockin End date 2	Dec 11, 2024	Dec 12, 2024

Financials

Bajaj Housing Finance IPO P/E ratio is 31.62, as compared to Tolins Tyres IPO P/E ratio of 26.64.

Bajaj Housing Finance IPO

Tolins Tyres 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

Tolins Tyres Limited Financial Information (Restated Consolidated)

Period Ended	31 Mar 2024
Assets	221.6
Revenue	228.69
Profit After Tax	26.01
Net Worth	100.53
Reserves and Surplus	85.07
Total Borrowing	78.77
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

92.64%

Promoter Shareholding (Post-Issue)

87.8%

68.53%

P/E Ratio

31.62

26.64

Market Cap

₹58297.03 Cr.

₹892.90 Cr.

ROE

25.87%%

ROCE

36.08%%

Debt/Equity

5.7

0.78

EPS

₹2.21

₹8.48

RoNW

3.6%%

25.87%%

Shares Offered

In the Bajaj Housing Finance IPO retail investors (RII) are offered 29,30,00,000 shares while in Tolins Tyres 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 20,35,398 shares in Tolins Tyres IPO.

	Bajaj Housing Finance IPO	Tolins Tyres IPO
Anchor Investor Reserveration	25,11,42,856 shares	30,53,097 shares
Market Maker Reserveration
QIB	16,74,28,580 shares	20,35,398 shares
NII	12,55,71,430 shares	15,26,549 shares
RII	29,30,00,000 shares	35,61,947 shares
Employee	2,85,71,428 shares	0 shares
Others
Total	68,60,00,009 shares	71,23,894 shares

Bids Received (Subscription)

Bajaj Housing Finance IPO subscribed 67.43x in total, whereas Tolins Tyres IPO subscribed 25.03x.

	Bajaj Housing Finance IPO	Tolins Tyres IPO
QIB (times)	222.05x	26.72x
NII (times)	43.98x	28.80x
Big NII (times)	50.53x	26.39x
Small NII (times)	30.88x	33.63x
RII (times)	7.41x	22.45x
Employee (times)	2.13x
Other (times)	18.54x
Total (times)	67.43x	25.03x

Compare with others

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

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