Gala Precision Engineering IPO vs Kross IPO

Comparision between Gala Precision Engineering IPO and Kross IPO.

IPO Details

Gala Precision Engineering 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.

	Gala Precision Engineering 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	PL Capital Markets Private Limited	Equirus Capital Private Limited
Registrar	Link Intime India Private Ltd	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 Gala Precision Engineering IPO is up to ₹167.93 Cr whereas the issue size of the Kross IPO is up to ₹500.00 Cr. The final issue price of Gala Precision Engineering IPO is ₹529.00 per share and of Kross IPO is ₹240.00 per share.

	Gala Precision Engineering IPO	Kross IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹503.00 per share	₹228.00 per share
Issue Price (Upper)	₹529.00 per share	₹240.00 per share
Issue Price (Final)	₹529.00 per share	₹240.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	28 shares	62 shares
Fresh Issue Size	25,58,416 shares	1,04,16,667 shares
Fresh Issue Size (Amount)	up to ₹135.34 Cr	up to ₹250.00 Cr
OFS Issue Size	6,16,000 shares	1,04,16,667 shares
OFS Issue Size (Amount)	up to ₹32.59 Cr	up to ₹250.00 Cr
Issue Size Total	31,74,416 shares	2,08,33,334 shares
Issue Size Total (Amount)	up to ₹167.93 Cr	up to ₹500.00 Cr

IPO Timetable

Gala Precision Engineering IPO opens on Sep 02, 2024, while Kross IPO opens on Sep 09, 2024. The closing date of Gala Precision Engineering IPO and Kross IPO is Sep 04, 2024, and Sep 11, 2024, respectively.

	Gala Precision Engineering IPO	Kross IPO
Anchor Bid Date	Aug 30, 2024	Sep 06, 2024
Issue Open	Sep 02, 2024	Sep 09, 2024
Issue Close	Sep 04, 2024	Sep 11, 2024
Basis Of Allotment (Tentative)	Sep 05, 2024	Sep 12, 2024
Initiation of Refunds (Tentative)	Sep 06, 2024	Sep 13, 2024
Credit of Share (Tentative)	Sep 06, 2024	Sep 13, 2024
Listing date (Tentative)	Sep 09, 2024	Sep 16, 2024
Anchor Lockin End date 1	Oct 04, 2024	Oct 11, 2024
Anchor Lockin End date 2	Dec 03, 2024	Dec 10, 2024

Financials

Gala Precision Engineering IPO P/E ratio is 23.95, as compared to Kross IPO P/E ratio of 28.93.

Gala Precision Engineering IPO

Kross 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 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

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)

74.56%

100.00%

Promoter Shareholding (Post-Issue)

55.4%

67.7 %

P/E Ratio

23.95

28.93

Market Cap

₹670.24 Cr.

₹1548.23 Cr.

ROE

23.59%%

30.57%%

ROCE

19.91%%

28.15%%

Debt/Equity

0.53

0.8

EPS

₹22.09

₹8.30

RoNW

21.38%%

30.57%%

Shares Offered

In the Gala Precision Engineering IPO retail investors (RII) are offered 11,09,017 shares while in Kross 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 41,66,667 shares in Kross IPO.

	Gala Precision Engineering IPO	Kross IPO
Anchor Investor Reserveration	9,50,586 shares	62,49,999 shares
Market Maker Reserveration
QIB	6,33,724 shares	41,66,667 shares
NII	4,75,293 shares	31,25,000 shares
RII	11,09,017 shares	72,91,666 shares
Employee	5,796 shares	0 shares
Others
Total	22,23,830 shares	1,45,83,333 shares

Bids Received (Subscription)

Gala Precision Engineering IPO subscribed 201.41x in total, whereas Kross IPO subscribed 17.66x.

	Gala Precision Engineering IPO	Kross IPO
QIB (times)	232.54x	24.55x
NII (times)	414.62x	23.40x
Big NII (times)	439.67x	23.21x
Small NII (times)	364.54x	23.77x
RII (times)	91.95x	11.26x
Employee (times)	258.95x
Other (times)
Total (times)	201.41x	17.66x

Compare with others

Gala Precision Engineering IPO	Kross IPO
Western Carriers (India) IPO	KRN Heat Exchanger IPO
P N Gadgil Jewellers IPO	Northern Arc Capital IPO
Kross IPO	Arkade Developers IPO
Tolins Tyres IPO	Western Carriers (India) IPO
Shree Tirupati Balajee IPO	P N Gadgil Jewellers IPO
Baazar Style Retail IPO	Tolins Tyres IPO
Bajaj Housing Finance 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

Comments

Add a public comment...