Bajaj Housing Finance IPO vs ECO Mobility IPO

Comparision between Bajaj Housing Finance IPO and ECO Mobility IPO.

IPO Details

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

	Bajaj Housing Finance IPO	ECO Mobility 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	Equirus Capital Private Limited Iifl Securities 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 ECO Mobility IPO is up to ₹601.20 Cr. The final issue price of Bajaj Housing Finance IPO is ₹70.00 per share and of ECO Mobility IPO is ₹334.00 per share.

	Bajaj Housing Finance IPO	ECO Mobility IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹66.00 per share	₹318.00 per share
Issue Price (Upper)	₹70.00 per share	₹334.00 per share
Issue Price (Final)	₹70.00 per share	₹334.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	214 shares	44 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	1,80,00,000 shares
OFS Issue Size (Amount)	up to ₹3,000.00 Cr	up to ₹601.20 Cr
Issue Size Total	93,71,42,858 shares	1,80,00,000 shares
Issue Size Total (Amount)	up to ₹6,560.00 Cr	up to ₹601.20 Cr

IPO Timetable

Bajaj Housing Finance IPO opens on Sep 09, 2024, while ECO Mobility IPO opens on Aug 28, 2024. The closing date of Bajaj Housing Finance IPO and ECO Mobility IPO is Sep 11, 2024, and Aug 30, 2024, respectively.

	Bajaj Housing Finance IPO	ECO Mobility IPO
Anchor Bid Date	Sep 06, 2024	Aug 27, 2024
Issue Open	Sep 09, 2024	Aug 28, 2024
Issue Close	Sep 11, 2024	Aug 30, 2024
Basis Of Allotment (Tentative)	Sep 12, 2024	Sep 02, 2024
Initiation of Refunds (Tentative)	Sep 13, 2024	Sep 03, 2024
Credit of Share (Tentative)	Sep 13, 2024	Sep 03, 2024
Listing date (Tentative)	Sep 16, 2024	Sep 04, 2024
Anchor Lockin End date 1	Oct 12, 2024	Oct 01, 2024
Anchor Lockin End date 2	Dec 11, 2024	Nov 30, 2024

Financials

Bajaj Housing Finance IPO P/E ratio is 31.62, as compared to ECO Mobility IPO P/E ratio of 32.05.

Bajaj Housing Finance IPO

ECO Mobility 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

ECOS (India) Mobility & Hospitality Limited Financial Information (Restated Consolidated)

ECOS (India) Mobility & Hospitality Limited's revenue increased by 34% and profit after tax (PAT) rose by 43% 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	296.66	229.71	112.38
Revenue	568.21	425.43	151.55
Profit After Tax	62.53	43.59	9.87
Net Worth	177.41	115.13	71.56
Reserves and Surplus	165.41	115.07	71.5
Total Borrowing	21.72	32.95	3.34
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

97.75%

Promoter Shareholding (Post-Issue)

87.8%

67.75%

P/E Ratio

31.62

32.05

Market Cap

₹58297.03 Cr.

₹2004.00 Cr.

ROE

42.75%%

ROCE

42.88%%

Debt/Equity

5.7

0.12

EPS

₹2.21

₹10.42

RoNW

3.6%%

42.75%%

Shares Offered

In the Bajaj Housing Finance IPO retail investors (RII) are offered 29,30,00,000 shares while in ECO Mobility 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 36,00,000 shares in ECO Mobility IPO.

	Bajaj Housing Finance IPO	ECO Mobility IPO
Anchor Investor Reserveration	25,11,42,856 shares	54,00,000 shares
Market Maker Reserveration
QIB	16,74,28,580 shares	36,00,000 shares
NII	12,55,71,430 shares	27,00,000 shares
RII	29,30,00,000 shares	63,00,000 shares
Employee	2,85,71,428 shares	0 shares
Others
Total	68,60,00,009 shares	1,26,00,000 shares

Bids Received (Subscription)

Bajaj Housing Finance IPO subscribed 67.43x in total, whereas ECO Mobility IPO subscribed 64.18x.

	Bajaj Housing Finance IPO	ECO Mobility IPO
QIB (times)	222.05x	136.85x
NII (times)	43.98x	71.17x
Big NII (times)	50.53x	74.66x
Small NII (times)	30.88x	64.19x
RII (times)	7.41x	19.66x
Employee (times)	2.13x
Other (times)	18.54x
Total (times)	67.43x	64.18x

Compare with others

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

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