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ECO Mobility IPO vs Gala Precision Engineering IPO

Comparision between ECO Mobility IPO and Gala Precision Engineering IPO.

IPO Details

ECO Mobility 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.

  ECO Mobility IPO Gala Precision Engineering IPO
Logo ECO Mobility 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 Equirus Capital Private Limited

Iifl Securities Ltd
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 ECO Mobility IPO is up to ₹601.20 Cr whereas the issue size of the Gala Precision Engineering IPO is up to ₹167.93 Cr. The final issue price of ECO Mobility IPO is ₹334.00 per share and of Gala Precision Engineering IPO is ₹529.00 per share.

  ECO Mobility IPO Gala Precision Engineering IPO
Face Value ₹2 per share ₹10 per share
Issue Price (Lower) ₹318.00 per share ₹503.00 per share
Issue Price (Upper) ₹334.00 per share ₹529.00 per share
Issue Price (Final) ₹334.00 per share ₹529.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 44 shares 28 shares
Fresh Issue Size 25,58,416 shares
Fresh Issue Size (Amount) up to ₹135.34 Cr
OFS Issue Size 1,80,00,000 shares 6,16,000 shares
OFS Issue Size (Amount) up to ₹601.20 Cr up to ₹32.59 Cr
Issue Size Total 1,80,00,000 shares 31,74,416 shares
Issue Size Total (Amount) up to ₹601.20 Cr up to ₹167.93 Cr

IPO Timetable

ECO Mobility IPO opens on Aug 28, 2024, while Gala Precision Engineering IPO opens on Sep 02, 2024. The closing date of ECO Mobility IPO and Gala Precision Engineering IPO is Aug 30, 2024, and Sep 04, 2024, respectively.

  ECO Mobility IPO Gala Precision Engineering IPO
Anchor Bid Date Aug 27, 2024 Aug 30, 2024
Issue Open Aug 28, 2024 Sep 02, 2024
Issue Close Aug 30, 2024 Sep 04, 2024
Basis Of Allotment (Tentative) Sep 02, 2024 Sep 05, 2024
Initiation of Refunds (Tentative) Sep 03, 2024 Sep 06, 2024
Credit of Share (Tentative) Sep 03, 2024 Sep 06, 2024
Listing date (Tentative) Sep 04, 2024 Sep 09, 2024
Anchor Lockin End date 1 Oct 02, 2024 Oct 05, 2024
Anchor Lockin End date 2 Dec 01, 2024 Dec 04, 2024

Financials

ECO Mobility IPO P/E ratio is 32.05, as compared to Gala Precision Engineering IPO P/E ratio of 23.95.

  ECO Mobility IPO Gala Precision Engineering IPO
Financial

ECOS (India) Mobility & Hospitality Limited Financial Information (Restated Consolidated)

ECOS (India) Mobility & Hospitality Limited's revenue increased by 34% and profit after tax (PAT) rose by 43% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets296.66229.71112.38
Revenue568.21425.43151.55
Profit After Tax62.5343.599.87
Net Worth177.41115.1371.56
Reserves and Surplus165.41115.0771.5
Total Borrowing21.7232.953.34
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) 97.75% 74.56%
Promoter Shareholding (Post-Issue) 67.75% 55.4%
P/E Ratio 32.05 23.95
Market Cap ₹2004.00 Cr. ₹670.24 Cr.
ROE 42.75%% 23.59%%
ROCE 42.88%% 19.91%%
Debt/Equity 0.12 0.53
EPS ₹10.42 ₹22.09
RoNW 42.75%% 21.38%%

Shares Offered

In the ECO Mobility IPO retail investors (RII) are offered 63,00,000 shares while in Gala Precision Engineering IPO retail investors are offered 63,00,000 shares. Qualified institutional buyers (QIB) are offered 36,00,000 shares in ECO Mobility IPO and 6,33,724 shares in Gala Precision Engineering IPO.

  ECO Mobility IPO Gala Precision Engineering IPO
Anchor Investor Reserveration 54,00,000 shares 9,50,586 shares
Market Maker Reserveration
QIB 36,00,000 shares 6,33,724 shares
NII 27,00,000 shares 4,75,293 shares
RII 63,00,000 shares 11,09,017 shares
Employee 0 shares 5,796 shares
Others
Total 1,26,00,000 shares 22,23,830 shares

Bids Received (Subscription)

ECO Mobility IPO subscribed 64.18x in total, whereas Gala Precision Engineering IPO subscribed 201.41x.

  ECO Mobility IPO Gala Precision Engineering IPO
QIB (times) 136.85x 232.54x
NII (times) 71.17x 414.62x
Big NII (times) 74.66x 439.67x
Small NII (times) 64.19x 364.54x
RII (times) 19.66x 91.95x
Employee (times) 258.95x
Other (times)
Total (times) 64.18x 201.41x

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