Gala Precision Engineering IPO vs Western Carriers (India) IPO

Comparision between Gala Precision Engineering IPO and Western Carriers (India) IPO.

IPO Details

Gala Precision Engineering IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Western Carriers (India) IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Gala Precision Engineering IPO	Western Carriers (India) 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	Jm Financial Limited Kotak Mahindra Capital Company Limited
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 Western Carriers (India) IPO is up to ₹492.88 Cr. The final issue price of Gala Precision Engineering IPO is ₹529.00 per share and of Western Carriers (India) IPO is ₹172.00 per share.

	Gala Precision Engineering IPO	Western Carriers (India) IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹503.00 per share	₹163.00 per share
Issue Price (Upper)	₹529.00 per share	₹172.00 per share
Issue Price (Final)	₹529.00 per share	₹172.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	28 shares	87 shares
Fresh Issue Size	25,58,416 shares	2,32,55,813 shares
Fresh Issue Size (Amount)	up to ₹135.34 Cr	up to ₹400.00 Cr
OFS Issue Size	6,16,000 shares	54,00,000 shares
OFS Issue Size (Amount)	up to ₹32.59 Cr	up to ₹92.88 Cr
Issue Size Total	31,74,416 shares	2,86,55,813 shares
Issue Size Total (Amount)	up to ₹167.93 Cr	up to ₹492.88 Cr

IPO Timetable

Gala Precision Engineering IPO opens on Sep 02, 2024, while Western Carriers (India) IPO opens on Sep 13, 2024. The closing date of Gala Precision Engineering IPO and Western Carriers (India) IPO is Sep 04, 2024, and Sep 19, 2024, respectively.

	Gala Precision Engineering IPO	Western Carriers (India) IPO
Anchor Bid Date	Aug 30, 2024	Sep 12, 2024
Issue Open	Sep 02, 2024	Sep 13, 2024
Issue Close	Sep 04, 2024	Sep 19, 2024
Basis Of Allotment (Tentative)	Sep 05, 2024	Sep 20, 2024
Initiation of Refunds (Tentative)	Sep 06, 2024	Sep 23, 2024
Credit of Share (Tentative)	Sep 06, 2024	Sep 23, 2024
Listing date (Tentative)	Sep 09, 2024	Sep 24, 2024
Anchor Lockin End date 1	Oct 04, 2024	Oct 19, 2024
Anchor Lockin End date 2	Dec 03, 2024	Dec 18, 2024

Financials

Gala Precision Engineering IPO P/E ratio is 23.95, as compared to Western Carriers (India) IPO P/E ratio of 16.85.

Gala Precision Engineering IPO

Western Carriers (India) 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

Western Carriers (India) Limited Financial Information (Restated Consolidated)

Western Carriers (India) Limited's revenue increased by 3% and profit after tax (PAT) rose by 12% 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	754.01	604.14	490.33
Revenue	1,691.41	1,637.84	1,475.79
Profit After Tax	80.35	71.57	61.13
Net Worth	398.36	318.61	257.58
Reserves and Surplus	359.01	279.08	157.12
Total Borrowing	266	210.47	150.4
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

74.56%

99.99%

Promoter Shareholding (Post-Issue)

55.4%

71.89%

P/E Ratio

23.95

16.85

Market Cap

₹670.24 Cr.

₹1753.63 Cr.

ROE

23.59%%

22.41%%

ROCE

19.91%%

29.23%%

Debt/Equity

0.53

0.67

EPS

₹22.09

₹10.21

RoNW

21.38%%

20.17%%

Shares Offered

In the Gala Precision Engineering IPO retail investors (RII) are offered 11,09,017 shares while in Western Carriers (India) 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 57,31,163 shares in Western Carriers (India) IPO.

	Gala Precision Engineering IPO	Western Carriers (India) IPO
Anchor Investor Reserveration	9,50,586 shares	85,96,743 shares
Market Maker Reserveration
QIB	6,33,724 shares	57,31,163 shares
NII	4,75,293 shares	42,98,372 shares
RII	11,09,017 shares	1,00,29,535 shares
Employee	5,796 shares	0 shares
Others
Total	22,23,830 shares	2,00,59,070 shares

Bids Received (Subscription)

Gala Precision Engineering IPO subscribed 201.41x in total, whereas Western Carriers (India) IPO subscribed 31.69x.

	Gala Precision Engineering IPO	Western Carriers (India) IPO
QIB (times)	232.54x	28.81x
NII (times)	414.62x	46.68x
Big NII (times)	439.67x	41.65x
Small NII (times)	364.54x	56.73x
RII (times)	91.95x	26.92x
Employee (times)	258.95x
Other (times)
Total (times)	201.41x	31.69x

Compare with others

Gala Precision Engineering IPO	Western Carriers (India) IPO
Western Carriers (India) IPO	Diffusion Engineers IPO
P N Gadgil Jewellers IPO	Manba Finance IPO
Kross IPO	KRN Heat Exchanger IPO
Tolins Tyres IPO	Northern Arc Capital IPO
Shree Tirupati Balajee IPO	Arkade Developers IPO
Baazar Style Retail IPO	P N Gadgil Jewellers IPO
Bajaj Housing Finance IPO	Kross IPO
ECO Mobility IPO	Tolins Tyres IPO
Premier Energies IPO	Shree Tirupati Balajee IPO
Interarch Building Products IPO	Gala Precision Engineering IPO

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