Bajaj Housing Finance IPO vs Waaree Energies IPO

Comparision between Bajaj Housing Finance IPO and Waaree Energies IPO.

IPO Details

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

	Bajaj Housing Finance IPO	Waaree Energies 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	Axis Capital Limited Iifl Securities Ltd Jefferies India Private Limited Nomura Financial Advisory And Securities (India) Pvt Ltd SBI Capital Markets Limited Intensive Fiscal Services Private Limited Iti Capital Ltd
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 Waaree Energies IPO is up to ₹4,321.44 Cr. The final issue price of Bajaj Housing Finance IPO is ₹70.00 per share and of Waaree Energies IPO is ₹1,503.00 per share.

	Bajaj Housing Finance IPO	Waaree Energies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹66.00 per share	₹1,427.00 per share
Issue Price (Upper)	₹70.00 per share	₹1,503.00 per share
Issue Price (Final)	₹70.00 per share	₹1,503.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	214 shares	9 shares
Fresh Issue Size	50,85,71,429 shares	2,39,52,095 shares
Fresh Issue Size (Amount)	up to ₹3,560.00 Cr	up to ₹3,600.00 Cr
OFS Issue Size	42,85,71,429 shares	48,00,000 shares
OFS Issue Size (Amount)	up to ₹3,000.00 Cr	up to ₹721.44 Cr
Issue Size Total	93,71,42,858 shares	2,87,52,095 shares
Issue Size Total (Amount)	up to ₹6,560.00 Cr	up to ₹4,321.44 Cr

IPO Timetable

Bajaj Housing Finance IPO opens on Sep 09, 2024, while Waaree Energies IPO opens on Oct 21, 2024. The closing date of Bajaj Housing Finance IPO and Waaree Energies IPO is Sep 11, 2024, and Oct 23, 2024, respectively.

	Bajaj Housing Finance IPO	Waaree Energies IPO
Anchor Bid Date	Sep 06, 2024	Oct 18, 2024
Issue Open	Sep 09, 2024	Oct 21, 2024
Issue Close	Sep 11, 2024	Oct 23, 2024
Basis Of Allotment (Tentative)	Sep 12, 2024	Oct 24, 2024
Initiation of Refunds (Tentative)	Sep 13, 2024	Oct 25, 2024
Credit of Share (Tentative)	Sep 13, 2024	Oct 25, 2024
Listing date (Tentative)	Sep 16, 2024	Oct 28, 2024
Anchor Lockin End date 1	Oct 12, 2024	Nov 22, 2024
Anchor Lockin End date 2	Dec 11, 2024	Jan 21, 2025

Financials

Bajaj Housing Finance IPO P/E ratio is 31.62, as compared to Waaree Energies IPO P/E ratio of 30.87.

Bajaj Housing Finance IPO

Waaree Energies 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

Waaree Energies Limited Financial Information (Restated Consolidated)

Waaree Energies Limited's revenue increased by 69.56% and profit after tax (PAT) rose by 154.73% 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	11,989.48	11,313.73	7,419.92	2,237.40
Revenue	3,496.41	11,632.76	6,860.36	2,945.85
Profit After Tax	401.13	1,274.38	500.28	79.65
Net Worth	4,471.71	4,074.84	1,826.02	427.13
Reserves and Surplus	4,221.69	3,825.00	1,594.92	230.43
Total Borrowing	261.24	317.32	273.48	313.08
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

71.80%

Promoter Shareholding (Post-Issue)

87.8%

64.30%

P/E Ratio

31.62

30.87

Market Cap

₹58297.03 Cr.

₹42939.36 Cr.

ROE

8.79%%

ROCE

9.45%%

Debt/Equity

5.7

0.06

EPS

₹2.21

₹48.69

RoNW

3.6%%

8.81%%

Shares Offered

In the Bajaj Housing Finance IPO retail investors (RII) are offered 29,30,00,000 shares while in Waaree Energies 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 56,63,925 shares in Waaree Energies IPO.

	Bajaj Housing Finance IPO	Waaree Energies IPO
Anchor Investor Reserveration	25,11,42,856 shares	84,95,887 shares
Market Maker Reserveration
QIB	16,74,28,580 shares	56,63,925 shares
NII	12,55,71,430 shares	42,47,945 shares
RII	29,30,00,000 shares	99,11,869 shares
Employee	2,85,71,428 shares	4,32,468 shares
Others
Total	68,60,00,009 shares	2,02,56,207 shares

Bids Received (Subscription)

Bajaj Housing Finance IPO subscribed 67.43x in total, whereas Waaree Energies IPO subscribed 79.44x.

	Bajaj Housing Finance IPO	Waaree Energies IPO
QIB (times)	222.05x	215.03x
NII (times)	43.98x	65.25x
Big NII (times)	50.53x	71.32x
Small NII (times)	30.88x	53.10x
RII (times)	7.41x	11.27x
Employee (times)	2.13x	5.45x
Other (times)	18.54x
Total (times)	67.43x	79.44x

Compare with others

Bajaj Housing Finance IPO	Waaree Energies IPO
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Tolins Tyres IPO	ACME Solar Holdings IPO
Shree Tirupati Balajee IPO	Swiggy IPO
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ECO Mobility IPO	Garuda Construction and Engineering IPO
Premier Energies IPO	Afcons Infrastructure IPO
Interarch Building Products IPO	Hyundai Motor IPO
Orient Technologies IPO	Diffusion Engineers IPO
Unicommerce eSolutions IPO	Manba Finance IPO

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