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Bajaj Housing Finance IPO vs Premier Energies IPO

Comparision between Bajaj Housing Finance IPO and Premier Energies IPO.

IPO Details

Bajaj Housing Finance IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Premier Energies 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 Premier Energies IPO is up to ₹2,830.40 Cr. The final issue price of Bajaj Housing Finance IPO is ₹70.00 per share and of Premier Energies IPO is ₹450.00 per share.

  Bajaj Housing Finance IPO Premier Energies IPO
Face Value ₹10 per share ₹1 per share
Issue Price (Lower) ₹66.00 per share ₹427.00 per share
Issue Price (Upper) ₹70.00 per share ₹450.00 per share
Issue Price (Final) ₹70.00 per share ₹450.00 per share
Discount (Retail)
Discount (Employee) ₹22.00 per share
Market Lot Size 214 shares 33 shares
Fresh Issue Size 50,85,71,429 shares 2,86,97,777 shares
Fresh Issue Size (Amount) up to ₹3,560.00 Cr up to ₹1,291.40 Cr
OFS Issue Size 42,85,71,429 shares 3,42,00,000 shares
OFS Issue Size (Amount) up to ₹3,000.00 Cr up to ₹1,539.00 Cr
Issue Size Total 93,71,42,858 shares 6,28,97,777 shares
Issue Size Total (Amount) up to ₹6,560.00 Cr up to ₹2,830.40 Cr

IPO Timetable

Bajaj Housing Finance IPO opens on Sep 09, 2024, while Premier Energies IPO opens on Aug 27, 2024. The closing date of Bajaj Housing Finance IPO and Premier Energies IPO is Sep 11, 2024, and Aug 29, 2024, respectively.

  Bajaj Housing Finance IPO Premier Energies IPO
Anchor Bid Date Sep 06, 2024 Aug 26, 2024
Issue Open Sep 09, 2024 Aug 27, 2024
Issue Close Sep 11, 2024 Aug 29, 2024
Basis Of Allotment (Tentative) Sep 12, 2024 Aug 30, 2024
Initiation of Refunds (Tentative) Sep 13, 2024 Sep 02, 2024
Credit of Share (Tentative) Sep 13, 2024 Sep 02, 2024
Listing date (Tentative) Sep 16, 2024 Sep 03, 2024
Anchor Lockin End date 1 Oct 12, 2024 Sep 29, 2024
Anchor Lockin End date 2 Dec 11, 2024 Nov 28, 2024

Financials

Bajaj Housing Finance IPO P/E ratio is 31.62, as compared to Premier Energies IPO P/E ratio of 82.09.

  Bajaj Housing Finance IPO Premier Energies 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

Premier Energies Limited Financial Information (Restated Consolidated)

Period Ended30 Jun 202421 Mar 202431 Mar 202331 Mar 2022
Assets3,735.503,554.132,110.691,341.49
Revenue1,668.793,171.311,463.21767.03
Profit After Tax198.16231.36-13.34-14.41
Net Worth26.9636.49-0.24-0.51
Reserves and Surplus255.73455.76224.40209.20
Total Borrowing1,200.161,392.24763.54453.30
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue) 100.00% 72.22%
Promoter Shareholding (Post-Issue) 87.8% 66.03%
P/E Ratio 31.62 82.09
Market Cap ₹58297.03 Cr. ₹20284.33 Cr.
ROE 43.73%%
ROCE 25.65%%
Debt/Equity 5.7 1.86
EPS ₹2.21 ₹5.48
RoNW 3.6%% 37.46%%

Shares Offered

In the Bajaj Housing Finance IPO retail investors (RII) are offered 29,30,00,000 shares while in Premier Energies 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 1,25,35,111 shares in Premier Energies IPO.

  Bajaj Housing Finance IPO Premier Energies IPO
Anchor Investor Reserveration 25,11,42,856 shares 1,88,02,666 shares
Market Maker Reserveration
QIB 16,74,28,580 shares 1,25,35,111 shares
NII 12,55,71,430 shares 94,01,333 shares
RII 29,30,00,000 shares 2,19,36,444 shares
Employee 2,85,71,428 shares 2,33,644 shares
Others
Total 68,60,00,009 shares 4,41,06,533 shares

Bids Received (Subscription)

Bajaj Housing Finance IPO subscribed 67.43x in total, whereas Premier Energies IPO subscribed 75.00x.

  Bajaj Housing Finance IPO Premier Energies IPO
QIB (times) 222.05x 212.42x
NII (times) 43.98x 50.98x
Big NII (times) 50.53x 58.00x
Small NII (times) 30.88x 36.96x
RII (times) 7.41x 7.44x
Employee (times) 2.13x 11.32x
Other (times) 18.54x
Total (times) 67.43x 75.00x

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