Bajaj Housing Finance IPO vs Shree Tirupati Balajee IPO

Comparision between Bajaj Housing Finance IPO and Shree Tirupati Balajee IPO.

IPO Details

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

	Bajaj Housing Finance IPO	Shree Tirupati Balajee 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	Pnb Investment Services Ltd Unistone Capital Pvt Ltd
Registrar	Kfin Technologies Limited	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 Bajaj Housing Finance IPO is up to ₹6,560.00 Cr whereas the issue size of the Shree Tirupati Balajee IPO is up to ₹169.65 Cr. The final issue price of Bajaj Housing Finance IPO is ₹70.00 per share and of Shree Tirupati Balajee IPO is ₹83.00 per share.

	Bajaj Housing Finance IPO	Shree Tirupati Balajee IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹66.00 per share	₹78.00 per share
Issue Price (Upper)	₹70.00 per share	₹83.00 per share
Issue Price (Final)	₹70.00 per share	₹83.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	214 shares	180 shares
Fresh Issue Size	50,85,71,429 shares	1,47,50,000 shares
Fresh Issue Size (Amount)	up to ₹3,560.00 Cr	up to ₹122.43 Cr
OFS Issue Size	42,85,71,429 shares	56,90,000 shares
OFS Issue Size (Amount)	up to ₹3,000.00 Cr	up to ₹47.23 Cr
Issue Size Total	93,71,42,858 shares	2,04,40,000 shares
Issue Size Total (Amount)	up to ₹6,560.00 Cr	up to ₹169.65 Cr

IPO Timetable

Bajaj Housing Finance IPO opens on Sep 09, 2024, while Shree Tirupati Balajee IPO opens on Sep 05, 2024. The closing date of Bajaj Housing Finance IPO and Shree Tirupati Balajee IPO is Sep 11, 2024, and Sep 09, 2024, respectively.

	Bajaj Housing Finance IPO	Shree Tirupati Balajee IPO
Anchor Bid Date	Sep 06, 2024	Sep 04, 2024
Issue Open	Sep 09, 2024	Sep 05, 2024
Issue Close	Sep 11, 2024	Sep 09, 2024
Basis Of Allotment (Tentative)	Sep 12, 2024	Sep 10, 2024
Initiation of Refunds (Tentative)	Sep 13, 2024	Sep 11, 2024
Credit of Share (Tentative)	Sep 13, 2024	Sep 11, 2024
Listing date (Tentative)	Sep 16, 2024	Sep 12, 2024
Anchor Lockin End date 1	Oct 12, 2024	Oct 09, 2024
Anchor Lockin End date 2	Dec 11, 2024	Dec 08, 2024

Financials

Bajaj Housing Finance IPO P/E ratio is 31.62, as compared to Shree Tirupati Balajee IPO P/E ratio of 15.37.

Bajaj Housing Finance IPO

Shree Tirupati Balajee 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

Shree Tirupati Balajee Agro Trading Company Limited Financial Information (Restated Consolidated)

Shree Tirupati Balajee Agro Trading Company Limited's revenue increased by 16% and profit after tax (PAT) rose by 74% 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	516.94	392.46	391.89
Revenue	552.82	478.14	453.79
Profit After Tax	36.07	20.72	13.66
Net Worth	173.07	110.21	92.23
Reserves and Surplus	106.24	109.05
Total Borrowing	243.69	223.81	240.06
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

88.38%

Promoter Shareholding (Post-Issue)

87.8%

65.42%

P/E Ratio

31.62

15.37

Market Cap

₹58297.03 Cr.

₹677.04 Cr.

ROE

20.84%%

ROCE

16.29%%

Debt/Equity

5.7

1.41

EPS

₹2.21

₹5.40

RoNW

3.6%%

20.84%%

Shares Offered

In the Bajaj Housing Finance IPO retail investors (RII) are offered 29,30,00,000 shares while in Shree Tirupati Balajee 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 40,88,000 shares in Shree Tirupati Balajee IPO.

	Bajaj Housing Finance IPO	Shree Tirupati Balajee IPO
Anchor Investor Reserveration	25,11,42,856 shares	61,32,000 shares
Market Maker Reserveration
QIB	16,74,28,580 shares	40,88,000 shares
NII	12,55,71,430 shares	30,66,000 shares
RII	29,30,00,000 shares	71,54,000 shares
Employee	2,85,71,428 shares	0 shares
Others
Total	68,60,00,009 shares	1,43,08,000 shares

Bids Received (Subscription)

Bajaj Housing Finance IPO subscribed 67.43x in total, whereas Shree Tirupati Balajee IPO subscribed 124.74x.

	Bajaj Housing Finance IPO	Shree Tirupati Balajee IPO
QIB (times)	222.05x	150.87x
NII (times)	43.98x	210.12x
Big NII (times)	50.53x	225.47x
Small NII (times)	30.88x	179.41x
RII (times)	7.41x	73.22x
Employee (times)	2.13x
Other (times)	18.54x
Total (times)	67.43x	124.74x

Compare with others

Bajaj Housing Finance IPO	Shree Tirupati Balajee 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	Kross IPO
Baazar Style Retail IPO	Tolins Tyres 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	ECO Mobility IPO
Unicommerce eSolutions IPO	Premier Energies IPO

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