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Gala Precision Engineering IPO vs Kross IPO

Comparision between Gala Precision Engineering IPO and Kross IPO.

IPO Details

Gala Precision Engineering 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.

  Gala Precision Engineering IPO Kross IPO
Logo Gala Precision Engineering IPO Logo Kross 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 Equirus Capital Private Limited
Registrar Link Intime India Private Ltd Kfin Technologies 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 Kross IPO is up to ₹500.00 Cr. The final issue price of Gala Precision Engineering IPO is ₹529.00 per share and of Kross IPO is ₹240.00 per share.

  Gala Precision Engineering IPO Kross IPO
Face Value ₹10 per share ₹5 per share
Issue Price (Lower) ₹503.00 per share ₹228.00 per share
Issue Price (Upper) ₹529.00 per share ₹240.00 per share
Issue Price (Final) ₹529.00 per share ₹240.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 28 shares 62 shares
Fresh Issue Size 25,58,416 shares 1,04,16,667 shares
Fresh Issue Size (Amount) up to ₹135.34 Cr up to ₹250.00 Cr
OFS Issue Size 6,16,000 shares 1,04,16,667 shares
OFS Issue Size (Amount) up to ₹32.59 Cr up to ₹250.00 Cr
Issue Size Total 31,74,416 shares 2,08,33,334 shares
Issue Size Total (Amount) up to ₹167.93 Cr up to ₹500.00 Cr

IPO Timetable

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

  Gala Precision Engineering IPO Kross 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 Kross IPO P/E ratio of 28.93.

  Gala Precision Engineering IPO Kross 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

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) 74.56% 100.00%
Promoter Shareholding (Post-Issue) 55.4% 67.7 %
P/E Ratio 23.95 28.93
Market Cap ₹670.24 Cr. ₹1548.23 Cr.
ROE 23.59%% 30.57%%
ROCE 19.91%% 28.15%%
Debt/Equity 0.53 0.8
EPS ₹22.09 ₹8.30
RoNW 21.38%% 30.57%%

Shares Offered

In the Gala Precision Engineering IPO retail investors (RII) are offered 11,09,017 shares while in Kross 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 41,66,667 shares in Kross IPO.

  Gala Precision Engineering IPO Kross IPO
Anchor Investor Reserveration 9,50,586 shares 62,49,999 shares
Market Maker Reserveration
QIB 6,33,724 shares 41,66,667 shares
NII 4,75,293 shares 31,25,000 shares
RII 11,09,017 shares 72,91,666 shares
Employee 5,796 shares 0 shares
Others
Total 22,23,830 shares 1,45,83,333 shares

Bids Received (Subscription)

Gala Precision Engineering IPO subscribed 201.41x in total, whereas Kross IPO subscribed 17.66x.

  Gala Precision Engineering IPO Kross IPO
QIB (times) 232.54x 24.55x
NII (times) 414.62x 23.40x
Big NII (times) 439.67x 23.21x
Small NII (times) 364.54x 23.77x
RII (times) 91.95x 11.26x
Employee (times) 258.95x
Other (times)
Total (times) 201.41x 17.66x

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