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Gala Precision Engineering IPO vs Tolins Tyres IPO

Comparision between Gala Precision Engineering IPO and Tolins Tyres IPO.

IPO Details

Gala Precision Engineering IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Tolins Tyres IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

  Gala Precision Engineering IPO Tolins Tyres IPO
Logo Gala Precision Engineering IPO Logo Tolins Tyres 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 PL Capital Markets Private Limited Saffron Capital Advisors Private Limited
Registrar Link Intime India Private Ltd Cameo Corporate Services Limited
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 Gala Precision Engineering IPO is up to ₹167.93 Cr whereas the issue size of the Tolins Tyres IPO is up to ₹230.00 Cr. The final issue price of Gala Precision Engineering IPO is ₹529.00 per share and of Tolins Tyres IPO is ₹226.00 per share.

  Gala Precision Engineering IPO Tolins Tyres IPO
Face Value ₹10 per share ₹5 per share
Issue Price (Lower) ₹503.00 per share ₹215.00 per share
Issue Price (Upper) ₹529.00 per share ₹226.00 per share
Issue Price (Final) ₹529.00 per share ₹226.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 28 shares 66 shares
Fresh Issue Size 25,58,416 shares 88,49,558 shares
Fresh Issue Size (Amount) up to ₹135.34 Cr up to ₹200.00 Cr
OFS Issue Size 6,16,000 shares 13,27,434 shares
OFS Issue Size (Amount) up to ₹32.59 Cr up to ₹30.00 Cr
Issue Size Total 31,74,416 shares 1,01,76,992 shares
Issue Size Total (Amount) up to ₹167.93 Cr up to ₹230.00 Cr

IPO Timetable

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

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

Financials

Gala Precision Engineering IPO P/E ratio is 23.95, as compared to Tolins Tyres IPO P/E ratio of 26.64.

  Gala Precision Engineering IPO Tolins Tyres IPO
Financial

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

Tolins Tyres Limited Financial Information (Restated Consolidated)

Period Ended31 Mar 2024
Assets221.6
Revenue228.69
Profit After Tax26.01
Net Worth100.53
Reserves and Surplus85.07
Total Borrowing78.77
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue) 74.56% 92.64%
Promoter Shareholding (Post-Issue) 55.4% 68.53%
P/E Ratio 23.95 26.64
Market Cap ₹670.24 Cr. ₹892.90 Cr.
ROE 23.59%% 25.87%%
ROCE 19.91%% 36.08%%
Debt/Equity 0.53 0.78
EPS ₹22.09 ₹8.48
RoNW 21.38%% 25.87%%

Shares Offered

In the Gala Precision Engineering IPO retail investors (RII) are offered 11,09,017 shares while in Tolins Tyres IPO retail investors are offered 11,09,017 shares. Qualified institutional buyers (QIB) are offered 6,33,724 shares in Gala Precision Engineering IPO and 20,35,398 shares in Tolins Tyres IPO.

  Gala Precision Engineering IPO Tolins Tyres IPO
Anchor Investor Reserveration 9,50,586 shares 30,53,097 shares
Market Maker Reserveration
QIB 6,33,724 shares 20,35,398 shares
NII 4,75,293 shares 15,26,549 shares
RII 11,09,017 shares 35,61,947 shares
Employee 5,796 shares 0 shares
Others
Total 22,23,830 shares 71,23,894 shares

Bids Received (Subscription)

Gala Precision Engineering IPO subscribed 201.41x in total, whereas Tolins Tyres IPO subscribed 25.03x.

  Gala Precision Engineering IPO Tolins Tyres IPO
QIB (times) 232.54x 26.72x
NII (times) 414.62x 28.80x
Big NII (times) 439.67x 26.39x
Small NII (times) 364.54x 33.63x
RII (times) 91.95x 22.45x
Employee (times) 258.95x
Other (times)
Total (times) 201.41x 25.03x

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