Baazar Style Retail IPO vs Tolins Tyres IPO

Comparision between Baazar Style Retail IPO and Tolins Tyres IPO.

IPO Details

Baazar Style Retail IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Tolins Tyres IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Baazar Style Retail IPO	Tolins Tyres 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	Axis Capital Limited Intensive Fiscal Services Private Limited Jm Financial Limited	Saffron Capital Advisors Private Limited
Registrar	Link Intime India Private Ltd	Cameo Corporate Services 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 Baazar Style Retail IPO is up to ₹834.68 Cr whereas the issue size of the Tolins Tyres IPO is up to ₹230.00 Cr. The final issue price of Baazar Style Retail IPO is ₹389.00 per share and of Tolins Tyres IPO is ₹226.00 per share.

	Baazar Style Retail IPO	Tolins Tyres IPO
Face Value	₹5 per share	₹5 per share
Issue Price (Lower)	₹370.00 per share	₹215.00 per share
Issue Price (Upper)	₹389.00 per share	₹226.00 per share
Issue Price (Final)	₹389.00 per share	₹226.00 per share
Discount (Retail)
Discount (Employee)	₹35.00 per share
Market Lot Size	38 shares	66 shares
Fresh Issue Size	38,04,627 shares	88,49,558 shares
Fresh Issue Size (Amount)	up to ₹148.00 Cr	up to ₹200.00 Cr
OFS Issue Size	1,76,52,320 shares	13,27,434 shares
OFS Issue Size (Amount)	up to ₹686.68 Cr	up to ₹30.00 Cr
Issue Size Total	2,14,56,947 shares	1,01,76,992 shares
Issue Size Total (Amount)	up to ₹834.68 Cr	up to ₹230.00 Cr

IPO Timetable

Baazar Style Retail IPO opens on Aug 30, 2024, while Tolins Tyres IPO opens on Sep 09, 2024. The closing date of Baazar Style Retail IPO and Tolins Tyres IPO is Sep 03, 2024, and Sep 11, 2024, respectively.

	Baazar Style Retail IPO	Tolins Tyres IPO
Anchor Bid Date	Aug 29, 2024	Sep 06, 2024
Issue Open	Aug 30, 2024	Sep 09, 2024
Issue Close	Sep 03, 2024	Sep 11, 2024
Basis Of Allotment (Tentative)	Sep 04, 2024	Sep 12, 2024
Initiation of Refunds (Tentative)	Sep 05, 2024	Sep 13, 2024
Credit of Share (Tentative)	Sep 05, 2024	Sep 13, 2024
Listing date (Tentative)	Sep 06, 2024	Sep 16, 2024
Anchor Lockin End date 1	Oct 03, 2024	Oct 12, 2024
Anchor Lockin End date 2	Dec 02, 2024	Dec 12, 2024

Financials

Baazar Style Retail IPO P/E ratio is 125.54, as compared to Tolins Tyres IPO P/E ratio of 26.64.

Baazar Style Retail IPO

Tolins Tyres IPO

Financial

Baazar Style Retail Limited Financial Information (Restated Consolidated)

Period Ended	31 Mar 2024
Assets	1,165.97
Revenue	982.83
Profit After Tax	21.94
Net Worth	212.56
Reserves and Surplus	180.2
Total Borrowing	178.23
Amount in ₹ Crore

Tolins Tyres Limited Financial Information (Restated Consolidated)

Period Ended	31 Mar 2024
Assets	221.6
Revenue	228.69
Profit After Tax	26.01
Net Worth	100.53
Reserves and Surplus	85.07
Total Borrowing	78.77
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

55.03%

92.64%

Promoter Shareholding (Post-Issue)

45.6%

68.53%

P/E Ratio

125.54

26.64

Market Cap

₹2902.55 Cr.

₹892.90 Cr.

ROE

10.74%%

25.87%%

ROCE

18.39%%

36.08%%

Debt/Equity

0.76

0.78

EPS

₹3.10

₹8.48

RoNW

10.32%%

25.87%%

Shares Offered

In the Baazar Style Retail IPO retail investors (RII) are offered 75,00,934 shares while in Tolins Tyres IPO retail investors are offered 75,00,934 shares. Qualified institutional buyers (QIB) are offered 42,86,248 shares in Baazar Style Retail IPO and 20,35,398 shares in Tolins Tyres IPO.

	Baazar Style Retail IPO	Tolins Tyres IPO
Anchor Investor Reserveration	64,29,372 shares	30,53,097 shares
Market Maker Reserveration
QIB	42,86,248 shares	20,35,398 shares
NII	32,14,686 shares	15,26,549 shares
RII	75,00,934 shares	35,61,947 shares
Employee	28,248 shares	0 shares
Others
Total	1,50,30,116 shares	71,23,894 shares

Bids Received (Subscription)

Baazar Style Retail IPO subscribed 40.63x in total, whereas Tolins Tyres IPO subscribed 25.03x.

	Baazar Style Retail IPO	Tolins Tyres IPO
QIB (times)	81.83x	26.72x
NII (times)	59.41x	28.80x
Big NII (times)	69.27x	26.39x
Small NII (times)	39.68x	33.63x
RII (times)	9.07x	22.45x
Employee (times)	35.08x
Other (times)
Total (times)	40.63x	25.03x

Compare with others

Baazar Style Retail IPO	Tolins Tyres 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
Gala Precision Engineering IPO	Kross 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
Orient Technologies IPO	ECO Mobility IPO

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