Bajaj Housing Finance IPO vs Kross IPO

Comparision between Bajaj Housing Finance IPO and Kross IPO.

IPO Details

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

	Bajaj Housing Finance IPO	Kross 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
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
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 Kross IPO is up to ₹500.00 Cr. The final issue price of Bajaj Housing Finance IPO is and of Kross IPO is .

	Bajaj Housing Finance IPO	Kross IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹66.00 per share	₹228.00 per share
Issue Price (Upper)	₹70.00 per share	₹240.00 per share
Issue Price (Final)
Discount (Retail)
Discount (Employee)
Market Lot Size	214 shares	62 shares
Fresh Issue Size	50,85,71,429 shares	1,04,16,667 shares
Fresh Issue Size (Amount)	up to ₹3,560.00 Cr	up to ₹250.00 Cr
OFS Issue Size	42,85,71,429 shares	1,04,16,667 shares
OFS Issue Size (Amount)	up to ₹3,000.00 Cr	up to ₹250.00 Cr
Issue Size Total	93,71,42,858 shares	2,08,33,334 shares
Issue Size Total (Amount)	up to ₹6,560.00 Cr	up to ₹500.00 Cr

IPO Timetable

Bajaj Housing Finance IPO opens on Sep 09, 2024, while Kross IPO opens on Sep 09, 2024. The closing date of Bajaj Housing Finance IPO and Kross IPO is Sep 11, 2024, and Sep 11, 2024, respectively.

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

Financials

Bajaj Housing Finance IPO P/E ratio is 31.62, as compared to Kross IPO P/E ratio of 28.93.

Bajaj Housing Finance IPO

Kross 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

Kross Limited Financial Information (Restated)

Kross Limited's revenue increased by 27% and profit after tax (PAT) rose by 45% 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	352	250.57	197.82
Revenue	621.46	489.36	297.88
Profit After Tax	44.88	30.93	12.17
Net Worth	146.81	102.11	72.4
Reserves and Surplus	119.76	88.58	58.88
Total Borrowing	117.9	88.26	86.06
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

Promoter Shareholding (Post-Issue)

P/E Ratio

31.62

28.93

Market Cap

₹58297.03 Cr.

₹1548.23 Cr.

ROE

30.57%%

ROCE

28.15%%

Debt/Equity

5.7

EPS

₹2.21

₹8.30

RoNW

3.6%%

30.57%%

Shares Offered

In the Bajaj Housing Finance IPO retail investors (RII) are offered while in Kross IPO retail investors are offered . Qualified institutional buyers (QIB) are offered in Bajaj Housing Finance IPO and in Kross IPO.

	Bajaj Housing Finance IPO	Kross IPO
Anchor Investor Reserveration	25,11,42,856 shares	62,49,999 shares
Market Maker Reserveration
QIB
NII
RII
Employee
Others
Total

Bids Received (Subscription)

Bajaj Housing Finance IPO subscribed in total, whereas Kross IPO subscribed .

	Bajaj Housing Finance IPO	Kross IPO
QIB (times)
NII (times)
Big NII (times)
Small NII (times)
RII (times)
Employee (times)
Other (times)
Total (times)

Compare with others

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

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