ECO Mobility IPO vs Gala Precision Engineering IPO

Comparision between ECO Mobility IPO and Gala Precision Engineering IPO.

IPO Details

ECO Mobility IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Gala Precision Engineering IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	ECO Mobility IPO	Gala Precision Engineering 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	Equirus Capital Private Limited Iifl Securities Ltd	PL Capital Markets Private Limited
Registrar	Link Intime India Private Ltd	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 ECO Mobility IPO is up to ₹601.20 Cr whereas the issue size of the Gala Precision Engineering IPO is up to ₹167.93 Cr. The final issue price of ECO Mobility IPO is ₹334.00 per share and of Gala Precision Engineering IPO is ₹529.00 per share.

	ECO Mobility IPO	Gala Precision Engineering IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹318.00 per share	₹503.00 per share
Issue Price (Upper)	₹334.00 per share	₹529.00 per share
Issue Price (Final)	₹334.00 per share	₹529.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	44 shares	28 shares
Fresh Issue Size		25,58,416 shares
Fresh Issue Size (Amount)		up to ₹135.34 Cr
OFS Issue Size	1,80,00,000 shares	6,16,000 shares
OFS Issue Size (Amount)	up to ₹601.20 Cr	up to ₹32.59 Cr
Issue Size Total	1,80,00,000 shares	31,74,416 shares
Issue Size Total (Amount)	up to ₹601.20 Cr	up to ₹167.93 Cr

IPO Timetable

ECO Mobility IPO opens on Aug 28, 2024, while Gala Precision Engineering IPO opens on Sep 02, 2024. The closing date of ECO Mobility IPO and Gala Precision Engineering IPO is Aug 30, 2024, and Sep 04, 2024, respectively.

	ECO Mobility IPO	Gala Precision Engineering IPO
Anchor Bid Date	Aug 27, 2024	Aug 30, 2024
Issue Open	Aug 28, 2024	Sep 02, 2024
Issue Close	Aug 30, 2024	Sep 04, 2024
Basis Of Allotment (Tentative)	Sep 02, 2024	Sep 05, 2024
Initiation of Refunds (Tentative)	Sep 03, 2024	Sep 06, 2024
Credit of Share (Tentative)	Sep 03, 2024	Sep 06, 2024
Listing date (Tentative)	Sep 04, 2024	Sep 09, 2024
Anchor Lockin End date 1	Oct 01, 2024	Oct 04, 2024
Anchor Lockin End date 2	Nov 30, 2024	Dec 03, 2024

Financials

ECO Mobility IPO P/E ratio is 32.05, as compared to Gala Precision Engineering IPO P/E ratio of 23.95.

ECO Mobility IPO

Gala Precision Engineering IPO

Financial

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

Gala Precision Engineering Limited Financial Information (Restated)

Gala Precision Engineering Limited's revenue increased by 22% and profit after tax (PAT) dropped by -8% 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	188.69	170.39	145.62
Revenue	204.38	167.08	147.96
Profit After Tax	22.33	24.21	6.63
Net Worth	104.45	83.66	59.32
Reserves and Surplus	94.67	81.13	56.79
Total Borrowing	55.03	58.6	56.89
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

97.75%

74.56%

Promoter Shareholding (Post-Issue)

67.75%

55.4%

P/E Ratio

32.05

23.95

Market Cap

₹2004.00 Cr.

₹670.24 Cr.

ROE

42.75%%

23.59%%

ROCE

42.88%%

19.91%%

Debt/Equity

0.12

0.53

EPS

₹10.42

₹22.09

RoNW

42.75%%

21.38%%

Shares Offered

In the ECO Mobility IPO retail investors (RII) are offered 63,00,000 shares while in Gala Precision Engineering IPO retail investors are offered 63,00,000 shares. Qualified institutional buyers (QIB) are offered 36,00,000 shares in ECO Mobility IPO and 6,33,724 shares in Gala Precision Engineering IPO.

	ECO Mobility IPO	Gala Precision Engineering IPO
Anchor Investor Reserveration	54,00,000 shares	9,50,586 shares
Market Maker Reserveration
QIB	36,00,000 shares	6,33,724 shares
NII	27,00,000 shares	4,75,293 shares
RII	63,00,000 shares	11,09,017 shares
Employee	0 shares	5,796 shares
Others
Total	1,26,00,000 shares	22,23,830 shares

Bids Received (Subscription)

ECO Mobility IPO subscribed 64.18x in total, whereas Gala Precision Engineering IPO subscribed 201.41x.

	ECO Mobility IPO	Gala Precision Engineering IPO
QIB (times)	136.85x	232.54x
NII (times)	71.17x	414.62x
Big NII (times)	74.66x	439.67x
Small NII (times)	64.19x	364.54x
RII (times)	19.66x	91.95x
Employee (times)		258.95x
Other (times)
Total (times)	64.18x	201.41x

Compare with others

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

Comments

Add a public comment...