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	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 Kross IPO is up to ₹500.00 Cr. The final issue price of Bajaj Housing Finance IPO is ₹70.00 per share and of Kross IPO is ₹240.00 per share.

	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)	₹70.00 per share	₹240.00 per share
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 11, 2024
Anchor Lockin End date 2	Dec 11, 2024	Dec 10, 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)

87.8%

67.7 %

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

0.8

EPS

₹2.21

₹8.30

RoNW

3.6%%

30.57%%

Shares Offered

In the Bajaj Housing Finance IPO retail investors (RII) are offered 29,30,00,000 shares while in Kross 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 41,66,667 shares 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	16,74,28,580 shares	41,66,667 shares
NII	12,55,71,430 shares	31,25,000 shares
RII	29,30,00,000 shares	72,91,666 shares
Employee	2,85,71,428 shares	0 shares
Others
Total	68,60,00,009 shares	1,45,83,333 shares

Bids Received (Subscription)

Bajaj Housing Finance IPO subscribed 67.43x in total, whereas Kross IPO subscribed 17.66x.

	Bajaj Housing Finance IPO	Kross IPO
QIB (times)	222.05x	24.55x
NII (times)	43.98x	23.40x
Big NII (times)	50.53x	23.21x
Small NII (times)	30.88x	23.77x
RII (times)	7.41x	11.26x
Employee (times)	2.13x
Other (times)	18.54x
Total (times)	67.43x	17.66x

Compare with others

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

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