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Bajaj Housing Finance IPO vs Tolins Tyres IPO

Comparision between Bajaj Housing Finance IPO and Tolins Tyres IPO.

IPO Details

Bajaj Housing Finance 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.

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 Tolins Tyres IPO is up to ₹230.00 Cr. The final issue price of Bajaj Housing Finance IPO is ₹70.00 per share and of Tolins Tyres IPO is ₹226.00 per share.

  Bajaj Housing Finance IPO Tolins Tyres IPO
Face Value ₹10 per share ₹5 per share
Issue Price (Lower) ₹66.00 per share ₹215.00 per share
Issue Price (Upper) ₹70.00 per share ₹226.00 per share
Issue Price (Final) ₹70.00 per share ₹226.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 214 shares 66 shares
Fresh Issue Size 50,85,71,429 shares 88,49,558 shares
Fresh Issue Size (Amount) up to ₹3,560.00 Cr up to ₹200.00 Cr
OFS Issue Size 42,85,71,429 shares 13,27,434 shares
OFS Issue Size (Amount) up to ₹3,000.00 Cr up to ₹30.00 Cr
Issue Size Total 93,71,42,858 shares 1,01,76,992 shares
Issue Size Total (Amount) up to ₹6,560.00 Cr up to ₹230.00 Cr

IPO Timetable

Bajaj Housing Finance IPO opens on Sep 09, 2024, while Tolins Tyres IPO opens on Sep 09, 2024. The closing date of Bajaj Housing Finance IPO and Tolins Tyres IPO is Sep 11, 2024, and Sep 11, 2024, respectively.

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

Financials

Bajaj Housing Finance IPO P/E ratio is 31.62, as compared to Tolins Tyres IPO P/E ratio of 26.64.

  Bajaj Housing Finance IPO Tolins Tyres 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 Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets88,538.8381,827.0964,654.1448,527.08
Revenue2,208.737,617.715,665.443,767.13
Profit After Tax482.611,731.221,257.8709.62
Net Worth14,719.9112,233.510,503.196,741.36
Reserves and Surplus4,252.835,520.813,791.031,858.03
Total Borrowing73,347.0669,129.3253,745.3941,492.32
Amount in ₹ Crore

Tolins Tyres Limited Financial Information (Restated Consolidated)

Period Ended31 Mar 2024
Assets221.6
Revenue228.69
Profit After Tax26.01
Net Worth100.53
Reserves and Surplus85.07
Total Borrowing78.77
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue) 100.00% 92.64%
Promoter Shareholding (Post-Issue) 87.8% 68.53%
P/E Ratio 31.62 26.64
Market Cap ₹58297.03 Cr. ₹892.90 Cr.
ROE 25.87%%
ROCE 36.08%%
Debt/Equity 5.7 0.78
EPS ₹2.21 ₹8.48
RoNW 3.6%% 25.87%%

Shares Offered

In the Bajaj Housing Finance IPO retail investors (RII) are offered 29,30,00,000 shares while in Tolins Tyres 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 20,35,398 shares in Tolins Tyres IPO.

  Bajaj Housing Finance IPO Tolins Tyres IPO
Anchor Investor Reserveration 25,11,42,856 shares 30,53,097 shares
Market Maker Reserveration
QIB 16,74,28,580 shares 20,35,398 shares
NII 12,55,71,430 shares 15,26,549 shares
RII 29,30,00,000 shares 35,61,947 shares
Employee 2,85,71,428 shares 0 shares
Others
Total 68,60,00,009 shares 71,23,894 shares

Bids Received (Subscription)

Bajaj Housing Finance IPO subscribed 67.43x in total, whereas Tolins Tyres IPO subscribed 25.03x.

  Bajaj Housing Finance IPO Tolins Tyres IPO
QIB (times) 222.05x 26.72x
NII (times) 43.98x 28.80x
Big NII (times) 50.53x 26.39x
Small NII (times) 30.88x 33.63x
RII (times) 7.41x 22.45x
Employee (times) 2.13x
Other (times) 18.54x
Total (times) 67.43x 25.03x

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