Shree Tirupati Balajee IPO vs Western Carriers (India) IPO

Comparision between Shree Tirupati Balajee IPO and Western Carriers (India) IPO.

IPO Details

Shree Tirupati Balajee 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.

	Shree Tirupati Balajee 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	Pnb Investment Services Ltd Unistone Capital Pvt Ltd	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 Shree Tirupati Balajee IPO is up to ₹169.65 Cr whereas the issue size of the Western Carriers (India) IPO is up to ₹492.88 Cr. The final issue price of Shree Tirupati Balajee IPO is ₹83.00 per share and of Western Carriers (India) IPO is ₹172.00 per share.

	Shree Tirupati Balajee IPO	Western Carriers (India) IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹78.00 per share	₹163.00 per share
Issue Price (Upper)	₹83.00 per share	₹172.00 per share
Issue Price (Final)	₹83.00 per share	₹172.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	180 shares	87 shares
Fresh Issue Size	1,47,50,000 shares	2,32,55,813 shares
Fresh Issue Size (Amount)	up to ₹122.43 Cr	up to ₹400.00 Cr
OFS Issue Size	56,90,000 shares	54,00,000 shares
OFS Issue Size (Amount)	up to ₹47.23 Cr	up to ₹92.88 Cr
Issue Size Total	2,04,40,000 shares	2,86,55,813 shares
Issue Size Total (Amount)	up to ₹169.65 Cr	up to ₹492.88 Cr

IPO Timetable

Shree Tirupati Balajee IPO opens on Sep 05, 2024, while Western Carriers (India) IPO opens on Sep 13, 2024. The closing date of Shree Tirupati Balajee IPO and Western Carriers (India) IPO is Sep 09, 2024, and Sep 19, 2024, respectively.

	Shree Tirupati Balajee IPO	Western Carriers (India) IPO
Anchor Bid Date	Sep 04, 2024	Sep 12, 2024
Issue Open	Sep 05, 2024	Sep 13, 2024
Issue Close	Sep 09, 2024	Sep 19, 2024
Basis Of Allotment (Tentative)	Sep 10, 2024	Sep 20, 2024
Initiation of Refunds (Tentative)	Sep 11, 2024	Sep 23, 2024
Credit of Share (Tentative)	Sep 11, 2024	Sep 23, 2024
Listing date (Tentative)	Sep 12, 2024	Sep 24, 2024
Anchor Lockin End date 1	Oct 09, 2024	Oct 19, 2024
Anchor Lockin End date 2	Dec 08, 2024	Dec 18, 2024

Financials

Shree Tirupati Balajee IPO P/E ratio is 15.37, as compared to Western Carriers (India) IPO P/E ratio of 16.85.

Shree Tirupati Balajee IPO

Western Carriers (India) IPO

Financial

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

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)

88.38%

99.99%

Promoter Shareholding (Post-Issue)

65.42%

71.89%

P/E Ratio

15.37

16.85

Market Cap

₹677.04 Cr.

₹1753.63 Cr.

ROE

20.84%%

22.41%%

ROCE

16.29%%

29.23%%

Debt/Equity

1.41

0.67

EPS

₹5.40

₹10.21

RoNW

20.84%%

20.17%%

Shares Offered

In the Shree Tirupati Balajee IPO retail investors (RII) are offered 71,54,000 shares while in Western Carriers (India) IPO retail investors are offered 71,54,000 shares. Qualified institutional buyers (QIB) are offered 40,88,000 shares in Shree Tirupati Balajee IPO and 57,31,163 shares in Western Carriers (India) IPO.

	Shree Tirupati Balajee IPO	Western Carriers (India) IPO
Anchor Investor Reserveration	61,32,000 shares	85,96,743 shares
Market Maker Reserveration
QIB	40,88,000 shares	57,31,163 shares
NII	30,66,000 shares	42,98,372 shares
RII	71,54,000 shares	1,00,29,535 shares
Employee	0 shares	0 shares
Others
Total	1,43,08,000 shares	2,00,59,070 shares

Bids Received (Subscription)

Shree Tirupati Balajee IPO subscribed 124.74x in total, whereas Western Carriers (India) IPO subscribed 31.69x.

	Shree Tirupati Balajee IPO	Western Carriers (India) IPO
QIB (times)	150.87x	28.81x
NII (times)	210.12x	46.68x
Big NII (times)	225.47x	41.65x
Small NII (times)	179.41x	56.73x
RII (times)	73.22x	26.92x
Employee (times)
Other (times)
Total (times)	124.74x	31.69x

Compare with others

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

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