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Baazar Style Retail IPO vs Gala Precision Engineering IPO

Comparision between Baazar Style Retail IPO and Gala Precision Engineering IPO.

IPO Details

Baazar Style Retail IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Gala Precision Engineering IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

  Baazar Style Retail IPO Gala Precision Engineering IPO
Logo Baazar Style Retail IPO Logo Gala Precision Engineering 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
PL Capital Markets Private 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 Baazar Style Retail IPO is up to ₹834.68 Cr whereas the issue size of the Gala Precision Engineering IPO is up to ₹167.93 Cr. The final issue price of Baazar Style Retail IPO is ₹389.00 per share and of Gala Precision Engineering IPO is ₹529.00 per share.

  Baazar Style Retail IPO Gala Precision Engineering IPO
Face Value ₹5 per share ₹10 per share
Issue Price (Lower) ₹370.00 per share ₹503.00 per share
Issue Price (Upper) ₹389.00 per share ₹529.00 per share
Issue Price (Final) ₹389.00 per share ₹529.00 per share
Discount (Retail)
Discount (Employee) ₹35.00 per share
Market Lot Size 38 shares 28 shares
Fresh Issue Size 38,04,627 shares 25,58,416 shares
Fresh Issue Size (Amount) up to ₹148.00 Cr up to ₹135.34 Cr
OFS Issue Size 1,76,52,320 shares 6,16,000 shares
OFS Issue Size (Amount) up to ₹686.68 Cr up to ₹32.59 Cr
Issue Size Total 2,14,56,947 shares 31,74,416 shares
Issue Size Total (Amount) up to ₹834.68 Cr up to ₹167.93 Cr

IPO Timetable

Baazar Style Retail IPO opens on Aug 30, 2024, while Gala Precision Engineering IPO opens on Sep 02, 2024. The closing date of Baazar Style Retail IPO and Gala Precision Engineering IPO is Sep 03, 2024, and Sep 04, 2024, respectively.

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

Financials

Baazar Style Retail IPO P/E ratio is 125.54, as compared to Gala Precision Engineering IPO P/E ratio of 23.95.

  Baazar Style Retail IPO Gala Precision Engineering IPO
Financial

Baazar Style Retail Limited Financial Information (Restated Consolidated)

Period Ended31 Mar 2024
Assets1,165.97
Revenue982.83
Profit After Tax21.94
Net Worth212.56
Reserves and Surplus180.2
Total Borrowing178.23
Amount in ₹ Crore

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 Ended31 Mar 202431 Mar 202331 Mar 2022
Assets188.69170.39145.62
Revenue204.38167.08147.96
Profit After Tax22.3324.216.63
Net Worth104.4583.6659.32
Reserves and Surplus94.6781.1356.79
Total Borrowing55.0358.656.89
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue) 55.03% 74.56%
Promoter Shareholding (Post-Issue) 45.6% 55.4%
P/E Ratio 125.54 23.95
Market Cap ₹2902.55 Cr. ₹670.24 Cr.
ROE 10.74%% 23.59%%
ROCE 18.39%% 19.91%%
Debt/Equity 0.76 0.53
EPS ₹3.10 ₹22.09
RoNW 10.32%% 21.38%%

Shares Offered

In the Baazar Style Retail IPO retail investors (RII) are offered 75,00,934 shares while in Gala Precision Engineering 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 6,33,724 shares in Gala Precision Engineering IPO.

  Baazar Style Retail IPO Gala Precision Engineering IPO
Anchor Investor Reserveration 64,29,372 shares 9,50,586 shares
Market Maker Reserveration
QIB 42,86,248 shares 6,33,724 shares
NII 32,14,686 shares 4,75,293 shares
RII 75,00,934 shares 11,09,017 shares
Employee 28,248 shares 5,796 shares
Others
Total 1,50,30,116 shares 22,23,830 shares

Bids Received (Subscription)

Baazar Style Retail IPO subscribed 40.63x in total, whereas Gala Precision Engineering IPO subscribed 201.41x.

  Baazar Style Retail IPO Gala Precision Engineering IPO
QIB (times) 81.83x 232.54x
NII (times) 59.41x 414.62x
Big NII (times) 69.27x 439.67x
Small NII (times) 39.68x 364.54x
RII (times) 9.07x 91.95x
Employee (times) 35.08x 258.95x
Other (times)
Total (times) 40.63x 201.41x

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