Gala Precision Engineering IPO vs Shree Tirupati Balajee IPO

Comparision between Gala Precision Engineering IPO and Shree Tirupati Balajee IPO.

IPO Details

Gala Precision Engineering 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.

	Gala Precision Engineering 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	PL Capital Markets Private Limited	Pnb Investment Services Ltd Unistone Capital Pvt Ltd
Registrar	Link Intime India Private Ltd	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 Gala Precision Engineering IPO is up to ₹167.93 Cr whereas the issue size of the Shree Tirupati Balajee IPO is up to ₹169.65 Cr. The final issue price of Gala Precision Engineering IPO is ₹529.00 per share and of Shree Tirupati Balajee IPO is ₹83.00 per share.

	Gala Precision Engineering IPO	Shree Tirupati Balajee IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹503.00 per share	₹78.00 per share
Issue Price (Upper)	₹529.00 per share	₹83.00 per share
Issue Price (Final)	₹529.00 per share	₹83.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	28 shares	180 shares
Fresh Issue Size	25,58,416 shares	1,47,50,000 shares
Fresh Issue Size (Amount)	up to ₹135.34 Cr	up to ₹122.43 Cr
OFS Issue Size	6,16,000 shares	56,90,000 shares
OFS Issue Size (Amount)	up to ₹32.59 Cr	up to ₹47.23 Cr
Issue Size Total	31,74,416 shares	2,04,40,000 shares
Issue Size Total (Amount)	up to ₹167.93 Cr	up to ₹169.65 Cr

IPO Timetable

Gala Precision Engineering IPO opens on Sep 02, 2024, while Shree Tirupati Balajee IPO opens on Sep 05, 2024. The closing date of Gala Precision Engineering IPO and Shree Tirupati Balajee IPO is Sep 04, 2024, and Sep 09, 2024, respectively.

	Gala Precision Engineering IPO	Shree Tirupati Balajee IPO
Anchor Bid Date	Aug 30, 2024	Sep 04, 2024
Issue Open	Sep 02, 2024	Sep 05, 2024
Issue Close	Sep 04, 2024	Sep 09, 2024
Basis Of Allotment (Tentative)	Sep 05, 2024	Sep 10, 2024
Initiation of Refunds (Tentative)	Sep 06, 2024	Sep 11, 2024
Credit of Share (Tentative)	Sep 06, 2024	Sep 11, 2024
Listing date (Tentative)	Sep 09, 2024	Sep 12, 2024
Anchor Lockin End date 1	Oct 04, 2024	Oct 09, 2024
Anchor Lockin End date 2	Dec 03, 2024	Dec 08, 2024

Financials

Gala Precision Engineering IPO P/E ratio is 23.95, as compared to Shree Tirupati Balajee IPO P/E ratio of 15.37.

Gala Precision Engineering IPO

Shree Tirupati Balajee 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

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)

74.56%

88.38%

Promoter Shareholding (Post-Issue)

55.4%

65.42%

P/E Ratio

23.95

15.37

Market Cap

₹670.24 Cr.

₹677.04 Cr.

ROE

23.59%%

20.84%%

ROCE

19.91%%

16.29%%

Debt/Equity

0.53

1.41

EPS

₹22.09

₹5.40

RoNW

21.38%%

20.84%%

Shares Offered

In the Gala Precision Engineering IPO retail investors (RII) are offered 11,09,017 shares while in Shree Tirupati Balajee 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 40,88,000 shares in Shree Tirupati Balajee IPO.

	Gala Precision Engineering IPO	Shree Tirupati Balajee IPO
Anchor Investor Reserveration	9,50,586 shares	61,32,000 shares
Market Maker Reserveration
QIB	6,33,724 shares	40,88,000 shares
NII	4,75,293 shares	30,66,000 shares
RII	11,09,017 shares	71,54,000 shares
Employee	5,796 shares	0 shares
Others
Total	22,23,830 shares	1,43,08,000 shares

Bids Received (Subscription)

Gala Precision Engineering IPO subscribed 201.41x in total, whereas Shree Tirupati Balajee IPO subscribed 124.74x.

	Gala Precision Engineering IPO	Shree Tirupati Balajee IPO
QIB (times)	232.54x	150.87x
NII (times)	414.62x	210.12x
Big NII (times)	439.67x	225.47x
Small NII (times)	364.54x	179.41x
RII (times)	91.95x	73.22x
Employee (times)	258.95x
Other (times)
Total (times)	201.41x	124.74x

Compare with others

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

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