FREE Account Opening + No Clearing Fees
Loading...

Bajaj Housing Finance IPO vs Kross IPO

Comparision between Bajaj Housing Finance IPO and Kross IPO.

IPO Details

Bajaj Housing Finance IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Kross 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 Kross IPO is up to ₹500.00 Cr. The final issue price of Bajaj Housing Finance IPO is ₹70.00 per share and of Kross IPO is ₹240.00 per share.

  Bajaj Housing Finance IPO Kross IPO
Face Value ₹10 per share ₹5 per share
Issue Price (Lower) ₹66.00 per share ₹228.00 per share
Issue Price (Upper) ₹70.00 per share ₹240.00 per share
Issue Price (Final) ₹70.00 per share ₹240.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 214 shares 62 shares
Fresh Issue Size 50,85,71,429 shares 1,04,16,667 shares
Fresh Issue Size (Amount) up to ₹3,560.00 Cr up to ₹250.00 Cr
OFS Issue Size 42,85,71,429 shares 1,04,16,667 shares
OFS Issue Size (Amount) up to ₹3,000.00 Cr up to ₹250.00 Cr
Issue Size Total 93,71,42,858 shares 2,08,33,334 shares
Issue Size Total (Amount) up to ₹6,560.00 Cr up to ₹500.00 Cr

IPO Timetable

Bajaj Housing Finance IPO opens on Sep 09, 2024, while Kross IPO opens on Sep 09, 2024. The closing date of Bajaj Housing Finance IPO and Kross IPO is Sep 11, 2024, and Sep 11, 2024, respectively.

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

Financials

Bajaj Housing Finance IPO P/E ratio is 31.62, as compared to Kross IPO P/E ratio of 28.93.

  Bajaj Housing Finance IPO Kross 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

Kross Limited Financial Information (Restated)

Kross Limited's revenue increased by 27% and profit after tax (PAT) rose by 45% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets352250.57197.82
Revenue621.46489.36297.88
Profit After Tax44.8830.9312.17
Net Worth146.81102.1172.4
Reserves and Surplus119.7688.5858.88
Total Borrowing117.988.2686.06
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue) 100.00% 100.00%
Promoter Shareholding (Post-Issue) 87.8% 67.7 %
P/E Ratio 31.62 28.93
Market Cap ₹58297.03 Cr. ₹1548.23 Cr.
ROE 30.57%%
ROCE 28.15%%
Debt/Equity 5.7 0.8
EPS ₹2.21 ₹8.30
RoNW 3.6%% 30.57%%

Shares Offered

In the Bajaj Housing Finance IPO retail investors (RII) are offered 29,30,00,000 shares while in Kross 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 41,66,667 shares in Kross IPO.

  Bajaj Housing Finance IPO Kross IPO
Anchor Investor Reserveration 25,11,42,856 shares 62,49,999 shares
Market Maker Reserveration
QIB 16,74,28,580 shares 41,66,667 shares
NII 12,55,71,430 shares 31,25,000 shares
RII 29,30,00,000 shares 72,91,666 shares
Employee 2,85,71,428 shares 0 shares
Others
Total 68,60,00,009 shares 1,45,83,333 shares

Bids Received (Subscription)

Bajaj Housing Finance IPO subscribed 67.43x in total, whereas Kross IPO subscribed 17.66x.

  Bajaj Housing Finance IPO Kross IPO
QIB (times) 222.05x 24.55x
NII (times) 43.98x 23.40x
Big NII (times) 50.53x 23.21x
Small NII (times) 30.88x 23.77x
RII (times) 7.41x 11.26x
Employee (times) 2.13x
Other (times) 18.54x
Total (times) 67.43x 17.66x

Comments

Add a public comment...