Gala Precision Engineering IPO vs Premier Energies IPO

Comparision between Gala Precision Engineering IPO and Premier Energies IPO.

IPO Details

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

	Gala Precision Engineering IPO	Premier Energies 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	Kotak Mahindra Capital Company Limited J.P. Morgan India Private Limited ICICI Securities 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 Premier Energies IPO is up to ₹2,830.40 Cr. The final issue price of Gala Precision Engineering IPO is ₹529.00 per share and of Premier Energies IPO is ₹450.00 per share.

	Gala Precision Engineering IPO	Premier Energies IPO
Face Value	₹10 per share	₹1 per share
Issue Price (Lower)	₹503.00 per share	₹427.00 per share
Issue Price (Upper)	₹529.00 per share	₹450.00 per share
Issue Price (Final)	₹529.00 per share	₹450.00 per share
Discount (Retail)
Discount (Employee)		₹22.00 per share
Market Lot Size	28 shares	33 shares
Fresh Issue Size	25,58,416 shares	2,86,97,777 shares
Fresh Issue Size (Amount)	up to ₹135.34 Cr	up to ₹1,291.40 Cr
OFS Issue Size	6,16,000 shares	3,42,00,000 shares
OFS Issue Size (Amount)	up to ₹32.59 Cr	up to ₹1,539.00 Cr
Issue Size Total	31,74,416 shares	6,28,97,777 shares
Issue Size Total (Amount)	up to ₹167.93 Cr	up to ₹2,830.40 Cr

IPO Timetable

Gala Precision Engineering IPO opens on Sep 02, 2024, while Premier Energies IPO opens on Aug 27, 2024. The closing date of Gala Precision Engineering IPO and Premier Energies IPO is Sep 04, 2024, and Aug 29, 2024, respectively.

	Gala Precision Engineering IPO	Premier Energies IPO
Anchor Bid Date	Aug 30, 2024	Aug 26, 2024
Issue Open	Sep 02, 2024	Aug 27, 2024
Issue Close	Sep 04, 2024	Aug 29, 2024
Basis Of Allotment (Tentative)	Sep 05, 2024	Aug 30, 2024
Initiation of Refunds (Tentative)	Sep 06, 2024	Sep 02, 2024
Credit of Share (Tentative)	Sep 06, 2024	Sep 02, 2024
Listing date (Tentative)	Sep 09, 2024	Sep 03, 2024
Anchor Lockin End date 1	Oct 04, 2024	Sep 28, 2024
Anchor Lockin End date 2	Dec 03, 2024	Nov 27, 2024

Financials

Gala Precision Engineering IPO P/E ratio is 23.95, as compared to Premier Energies IPO P/E ratio of 82.09.

Gala Precision Engineering IPO

Premier Energies 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

Premier Energies Limited Financial Information (Restated Consolidated)

Period Ended	30 Jun 2024	21 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	3,735.50	3,554.13	2,110.69	1,341.49
Revenue	1,668.79	3,171.31	1,463.21	767.03
Profit After Tax	198.16	231.36	-13.34	-14.41
Net Worth	26.96	36.49	-0.24	-0.51
Reserves and Surplus	255.73	455.76	224.40	209.20
Total Borrowing	1,200.16	1,392.24	763.54	453.30
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

74.56%

72.22%

Promoter Shareholding (Post-Issue)

55.4%

66.03%

P/E Ratio

23.95

82.09

Market Cap

₹670.24 Cr.

₹20284.33 Cr.

ROE

23.59%%

43.73%%

ROCE

19.91%%

25.65%%

Debt/Equity

0.53

1.86

EPS

₹22.09

₹5.48

RoNW

21.38%%

37.46%%

Shares Offered

In the Gala Precision Engineering IPO retail investors (RII) are offered 11,09,017 shares while in Premier Energies 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 1,25,35,111 shares in Premier Energies IPO.

	Gala Precision Engineering IPO	Premier Energies IPO
Anchor Investor Reserveration	9,50,586 shares	1,88,02,666 shares
Market Maker Reserveration
QIB	6,33,724 shares	1,25,35,111 shares
NII	4,75,293 shares	94,01,333 shares
RII	11,09,017 shares	2,19,36,444 shares
Employee	5,796 shares	2,33,644 shares
Others
Total	22,23,830 shares	4,41,06,533 shares

Bids Received (Subscription)

Gala Precision Engineering IPO subscribed 201.41x in total, whereas Premier Energies IPO subscribed 75.00x.

	Gala Precision Engineering IPO	Premier Energies IPO
QIB (times)	232.54x	212.42x
NII (times)	414.62x	50.98x
Big NII (times)	439.67x	58.00x
Small NII (times)	364.54x	36.96x
RII (times)	91.95x	7.44x
Employee (times)	258.95x	11.32x
Other (times)
Total (times)	201.41x	75.00x

Compare with others

Gala Precision Engineering IPO	Premier Energies 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	ECO Mobility 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	Ceigall India IPO

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