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Bajaj Housing Finance IPO vs Gala Precision Engineering IPO

Comparision between Bajaj Housing Finance IPO and Gala Precision Engineering IPO.

IPO Details

Bajaj Housing Finance 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.

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 Gala Precision Engineering IPO is up to ₹167.93 Cr. The final issue price of Bajaj Housing Finance IPO is ₹70.00 per share and of Gala Precision Engineering IPO is ₹529.00 per share.

  Bajaj Housing Finance IPO Gala Precision Engineering IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹66.00 per share ₹503.00 per share
Issue Price (Upper) ₹70.00 per share ₹529.00 per share
Issue Price (Final) ₹70.00 per share ₹529.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 214 shares 28 shares
Fresh Issue Size 50,85,71,429 shares 25,58,416 shares
Fresh Issue Size (Amount) up to ₹3,560.00 Cr up to ₹135.34 Cr
OFS Issue Size 42,85,71,429 shares 6,16,000 shares
OFS Issue Size (Amount) up to ₹3,000.00 Cr up to ₹32.59 Cr
Issue Size Total 93,71,42,858 shares 31,74,416 shares
Issue Size Total (Amount) up to ₹6,560.00 Cr up to ₹167.93 Cr

IPO Timetable

Bajaj Housing Finance IPO opens on Sep 09, 2024, while Gala Precision Engineering IPO opens on Sep 02, 2024. The closing date of Bajaj Housing Finance IPO and Gala Precision Engineering IPO is Sep 11, 2024, and Sep 04, 2024, respectively.

  Bajaj Housing Finance IPO Gala Precision Engineering IPO
Anchor Bid Date Sep 06, 2024 Aug 30, 2024
Issue Open Sep 09, 2024 Sep 02, 2024
Issue Close Sep 11, 2024 Sep 04, 2024
Basis Of Allotment (Tentative) Sep 12, 2024 Sep 05, 2024
Initiation of Refunds (Tentative) Sep 13, 2024 Sep 06, 2024
Credit of Share (Tentative) Sep 13, 2024 Sep 06, 2024
Listing date (Tentative) Sep 16, 2024 Sep 09, 2024
Anchor Lockin End date 1 Oct 12, 2024 Oct 05, 2024
Anchor Lockin End date 2 Dec 11, 2024 Dec 04, 2024

Financials

Bajaj Housing Finance IPO P/E ratio is 31.62, as compared to Gala Precision Engineering IPO P/E ratio of 23.95.

  Bajaj Housing Finance IPO Gala Precision Engineering 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

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) 100.00% 74.56%
Promoter Shareholding (Post-Issue) 87.8% 55.4%
P/E Ratio 31.62 23.95
Market Cap ₹58297.03 Cr. ₹670.24 Cr.
ROE 23.59%%
ROCE 19.91%%
Debt/Equity 5.7 0.53
EPS ₹2.21 ₹22.09
RoNW 3.6%% 21.38%%

Shares Offered

In the Bajaj Housing Finance IPO retail investors (RII) are offered 29,30,00,000 shares while in Gala Precision Engineering 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 6,33,724 shares in Gala Precision Engineering IPO.

  Bajaj Housing Finance IPO Gala Precision Engineering IPO
Anchor Investor Reserveration 25,11,42,856 shares 9,50,586 shares
Market Maker Reserveration
QIB 16,74,28,580 shares 6,33,724 shares
NII 12,55,71,430 shares 4,75,293 shares
RII 29,30,00,000 shares 11,09,017 shares
Employee 2,85,71,428 shares 5,796 shares
Others
Total 68,60,00,009 shares 22,23,830 shares

Bids Received (Subscription)

Bajaj Housing Finance IPO subscribed 67.43x in total, whereas Gala Precision Engineering IPO subscribed 201.41x.

  Bajaj Housing Finance IPO Gala Precision Engineering IPO
QIB (times) 222.05x 232.54x
NII (times) 43.98x 414.62x
Big NII (times) 50.53x 439.67x
Small NII (times) 30.88x 364.54x
RII (times) 7.41x 91.95x
Employee (times) 2.13x 258.95x
Other (times) 18.54x
Total (times) 67.43x 201.41x

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