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Gala Precision Engineering IPO vs Western Carriers (India) IPO

Comparision between Gala Precision Engineering IPO and Western Carriers (India) IPO.

IPO Details

Gala Precision Engineering IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Western Carriers (India) IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

  Gala Precision Engineering IPO Western Carriers (India) IPO
Logo Gala Precision Engineering IPO Logo Western Carriers (India) 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 PL Capital Markets Private Limited Jm Financial Limited

Kotak Mahindra Capital Company 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 Gala Precision Engineering IPO is up to ₹167.93 Cr whereas the issue size of the Western Carriers (India) IPO is up to ₹492.88 Cr. The final issue price of Gala Precision Engineering IPO is ₹529.00 per share and of Western Carriers (India) IPO is ₹172.00 per share.

  Gala Precision Engineering IPO Western Carriers (India) IPO
Face Value ₹10 per share ₹5 per share
Issue Price (Lower) ₹503.00 per share ₹163.00 per share
Issue Price (Upper) ₹529.00 per share ₹172.00 per share
Issue Price (Final) ₹529.00 per share ₹172.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 28 shares 87 shares
Fresh Issue Size 25,58,416 shares 2,32,55,813 shares
Fresh Issue Size (Amount) up to ₹135.34 Cr up to ₹400.00 Cr
OFS Issue Size 6,16,000 shares 54,00,000 shares
OFS Issue Size (Amount) up to ₹32.59 Cr up to ₹92.88 Cr
Issue Size Total 31,74,416 shares 2,86,55,813 shares
Issue Size Total (Amount) up to ₹167.93 Cr up to ₹492.88 Cr

IPO Timetable

Gala Precision Engineering IPO opens on Sep 02, 2024, while Western Carriers (India) IPO opens on Sep 13, 2024. The closing date of Gala Precision Engineering IPO and Western Carriers (India) IPO is Sep 04, 2024, and Sep 19, 2024, respectively.

  Gala Precision Engineering IPO Western Carriers (India) IPO
Anchor Bid Date Aug 30, 2024 Sep 12, 2024
Issue Open Sep 02, 2024 Sep 13, 2024
Issue Close Sep 04, 2024 Sep 19, 2024
Basis Of Allotment (Tentative) Sep 05, 2024 Sep 20, 2024
Initiation of Refunds (Tentative) Sep 06, 2024 Sep 23, 2024
Credit of Share (Tentative) Sep 06, 2024 Sep 23, 2024
Listing date (Tentative) Sep 09, 2024 Sep 24, 2024
Anchor Lockin End date 1 Oct 04, 2024 Oct 19, 2024
Anchor Lockin End date 2 Dec 03, 2024 Dec 18, 2024

Financials

Gala Precision Engineering IPO P/E ratio is 23.95, as compared to Western Carriers (India) IPO P/E ratio of 16.85.

  Gala Precision Engineering IPO Western Carriers (India) IPO
Financial

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 Ended31 Mar 202431 Mar 202331 Mar 2022
Assets188.69170.39145.62
Revenue204.38167.08147.96
Profit After Tax22.3324.216.63
Net Worth104.4583.6659.32
Reserves and Surplus94.6781.1356.79
Total Borrowing55.0358.656.89
Amount in ₹ Crore

Western Carriers (India) Limited Financial Information (Restated Consolidated)

Western Carriers (India) Limited's revenue increased by 3% and profit after tax (PAT) rose by 12% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets754.01604.14490.33
Revenue1,691.411,637.841,475.79
Profit After Tax80.3571.5761.13
Net Worth398.36318.61257.58
Reserves and Surplus359.01279.08157.12
Total Borrowing266210.47150.4
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue) 74.56% 99.99%
Promoter Shareholding (Post-Issue) 55.4% 71.89%
P/E Ratio 23.95 16.85
Market Cap ₹670.24 Cr. ₹1753.63 Cr.
ROE 23.59%% 22.41%%
ROCE 19.91%% 29.23%%
Debt/Equity 0.53 0.67
EPS ₹22.09 ₹10.21
RoNW 21.38%% 20.17%%

Shares Offered

In the Gala Precision Engineering IPO retail investors (RII) are offered 11,09,017 shares while in Western Carriers (India) IPO retail investors are offered 11,09,017 shares. Qualified institutional buyers (QIB) are offered 6,33,724 shares in Gala Precision Engineering IPO and 57,31,163 shares in Western Carriers (India) IPO.

  Gala Precision Engineering IPO Western Carriers (India) IPO
Anchor Investor Reserveration 9,50,586 shares 85,96,743 shares
Market Maker Reserveration
QIB 6,33,724 shares 57,31,163 shares
NII 4,75,293 shares 42,98,372 shares
RII 11,09,017 shares 1,00,29,535 shares
Employee 5,796 shares 0 shares
Others
Total 22,23,830 shares 2,00,59,070 shares

Bids Received (Subscription)

Gala Precision Engineering IPO subscribed 201.41x in total, whereas Western Carriers (India) IPO subscribed 31.69x.

  Gala Precision Engineering IPO Western Carriers (India) IPO
QIB (times) 232.54x 28.81x
NII (times) 414.62x 46.68x
Big NII (times) 439.67x 41.65x
Small NII (times) 364.54x 56.73x
RII (times) 91.95x 26.92x
Employee (times) 258.95x
Other (times)
Total (times) 201.41x 31.69x

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