Bajaj Housing Finance IPO vs Waa Solar IPO

Comparision between Bajaj Housing Finance IPO and Waa Solar IPO.

IPO Details

Bajaj Housing Finance IPO is a Mainline Fixed Price Issue IPO proposed to list at BSE, NSE while Waa Solar IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Bajaj Housing Finance IPO	Waa Solar IPO
Logo
Issue Category	Mainline	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	BSE, NSE	BSE SME
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	Oneview Corporate Advisors Pvt. Ltd.
Registrar	Kfin Technologies Limited	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 Bajaj Housing Finance IPO is up to ₹6,560.00 Cr whereas the issue size of the Waa Solar IPO is up to ₹28.18 Cr. The final issue price of Bajaj Housing Finance IPO is ₹70.00 per share and of Waa Solar IPO is ₹161.00 per share.

	Bajaj Housing Finance IPO	Waa Solar IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹66.00 per share
Issue Price (Upper)	₹70.00 per share
Issue Price (Final)	₹70.00 per share	₹161.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	214 shares	800 shares
Fresh Issue Size	50,85,71,429 shares
Fresh Issue Size (Amount)	up to ₹3,560.00 Cr
OFS Issue Size	42,85,71,429 shares
OFS Issue Size (Amount)	up to ₹3,000.00 Cr
Issue Size Total	93,71,42,858 shares	17,50,000 shares
Issue Size Total (Amount)	up to ₹6,560.00 Cr	up to ₹28.18 Cr

IPO Timetable

Bajaj Housing Finance IPO opens on Sep 09, 2024, while Waa Solar IPO opens on May 31, 2018. The closing date of Bajaj Housing Finance IPO and Waa Solar IPO is Sep 11, 2024, and Jun 04, 2018, respectively.

	Bajaj Housing Finance IPO	Waa Solar IPO
Anchor Bid Date	Sep 06, 2024
Issue Open	Sep 09, 2024	May 31, 2018
Issue Close	Sep 11, 2024	Jun 04, 2018
Basis Of Allotment (Tentative)	Sep 12, 2024
Initiation of Refunds (Tentative)	Sep 13, 2024
Credit of Share (Tentative)	Sep 13, 2024
Listing date (Tentative)	Sep 16, 2024
Anchor Lockin End date 1	Oct 12, 2024
Anchor Lockin End date 2	Dec 11, 2024

Financials

Bajaj Housing Finance IPO P/E ratio is 31.62, as compared to Waa Solar IPO P/E ratio of .

Bajaj Housing Finance IPO

Waa Solar 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

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	20,018.99	19,806.98	21,882.07	18,113.28	15,908.92
Total Revenue	2,607.24	4,689.97	5,426.30	2,900.85	2,773.49
Profit After Tax	427.50	633.98	1,152.70	538.07	828.28

Promoter Shareholding (Pre-Issue)

100.00%

Promoter Shareholding (Post-Issue)

87.8%

P/E Ratio

31.62

Market Cap

₹58297.03 Cr.

ROE

ROCE

Debt/Equity

5.7

EPS

₹2.21

RoNW

3.6%%

Shares Offered

In the Bajaj Housing Finance IPO retail investors (RII) are offered 29,30,00,000 shares while in Waa Solar 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 0 shares in Waa Solar IPO.

	Bajaj Housing Finance IPO	Waa Solar IPO
Anchor Investor Reserveration	25,11,42,856 shares
Market Maker Reserveration		1,04,000 shares
QIB	16,74,28,580 shares	0 shares
NII	12,55,71,430 shares	8,23,000 shares
RII	29,30,00,000 shares	8,23,000 shares
Employee	2,85,71,428 shares
Others
Total	68,60,00,009 shares	16,46,000 shares

Bids Received (Subscription)

Bajaj Housing Finance IPO subscribed 67.43x in total, whereas Waa Solar IPO subscribed 1.85x.

	Bajaj Housing Finance IPO	Waa Solar IPO
QIB (times)	222.05x
NII (times)	43.98x	0.85x
Big NII (times)	50.53x
Small NII (times)	30.88x
RII (times)	7.41x	2.84x
Employee (times)	2.13x
Other (times)	18.54x
Total (times)	67.43x	1.85x

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