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Gala Precision Engineering IPO vs Premier Energies IPO

Comparision between Gala Precision Engineering IPO and Premier Energies IPO.

IPO Details

Gala Precision Engineering 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.

  Gala Precision Engineering IPO Premier Energies IPO
Logo Gala Precision Engineering IPO Logo Premier Energies 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 Kotak Mahindra Capital Company Limited

J.P. Morgan India Private Limited

ICICI Securities 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 Premier Energies IPO is up to ₹2,830.40 Cr. The final issue price of Gala Precision Engineering IPO is ₹529.00 per share and of Premier Energies IPO is ₹450.00 per share.

  Gala Precision Engineering IPO Premier Energies IPO
Face Value ₹10 per share ₹1 per share
Issue Price (Lower) ₹503.00 per share ₹427.00 per share
Issue Price (Upper) ₹529.00 per share ₹450.00 per share
Issue Price (Final) ₹529.00 per share ₹450.00 per share
Discount (Retail)
Discount (Employee) ₹22.00 per share
Market Lot Size 28 shares 33 shares
Fresh Issue Size 25,58,416 shares 2,86,97,777 shares
Fresh Issue Size (Amount) up to ₹135.34 Cr up to ₹1,291.40 Cr
OFS Issue Size 6,16,000 shares 3,42,00,000 shares
OFS Issue Size (Amount) up to ₹32.59 Cr up to ₹1,539.00 Cr
Issue Size Total 31,74,416 shares 6,28,97,777 shares
Issue Size Total (Amount) up to ₹167.93 Cr up to ₹2,830.40 Cr

IPO Timetable

Gala Precision Engineering IPO opens on Sep 02, 2024, while Premier Energies IPO opens on Aug 27, 2024. The closing date of Gala Precision Engineering IPO and Premier Energies IPO is Sep 04, 2024, and Aug 29, 2024, respectively.

  Gala Precision Engineering IPO Premier Energies IPO
Anchor Bid Date Aug 30, 2024 Aug 26, 2024
Issue Open Sep 02, 2024 Aug 27, 2024
Issue Close Sep 04, 2024 Aug 29, 2024
Basis Of Allotment (Tentative) Sep 05, 2024 Aug 30, 2024
Initiation of Refunds (Tentative) Sep 06, 2024 Sep 02, 2024
Credit of Share (Tentative) Sep 06, 2024 Sep 02, 2024
Listing date (Tentative) Sep 09, 2024 Sep 03, 2024
Anchor Lockin End date 1 Oct 05, 2024 Sep 29, 2024
Anchor Lockin End date 2 Dec 04, 2024 Nov 28, 2024

Financials

Gala Precision Engineering IPO P/E ratio is 23.95, as compared to Premier Energies IPO P/E ratio of 82.09.

  Gala Precision Engineering IPO Premier Energies 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

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) 74.56% 72.22%
Promoter Shareholding (Post-Issue) 55.4% 66.03%
P/E Ratio 23.95 82.09
Market Cap ₹670.24 Cr. ₹20284.33 Cr.
ROE 23.59%% 43.73%%
ROCE 19.91%% 25.65%%
Debt/Equity 0.53 1.86
EPS ₹22.09 ₹5.48
RoNW 21.38%% 37.46%%

Shares Offered

In the Gala Precision Engineering IPO retail investors (RII) are offered 11,09,017 shares while in Premier Energies 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 1,25,35,111 shares in Premier Energies IPO.

  Gala Precision Engineering IPO Premier Energies IPO
Anchor Investor Reserveration 9,50,586 shares 1,88,02,666 shares
Market Maker Reserveration
QIB 6,33,724 shares 1,25,35,111 shares
NII 4,75,293 shares 94,01,333 shares
RII 11,09,017 shares 2,19,36,444 shares
Employee 5,796 shares 2,33,644 shares
Others
Total 22,23,830 shares 4,41,06,533 shares

Bids Received (Subscription)

Gala Precision Engineering IPO subscribed 201.41x in total, whereas Premier Energies IPO subscribed 75.00x.

  Gala Precision Engineering IPO Premier Energies IPO
QIB (times) 232.54x 212.42x
NII (times) 414.62x 50.98x
Big NII (times) 439.67x 58.00x
Small NII (times) 364.54x 36.96x
RII (times) 91.95x 7.44x
Employee (times) 258.95x 11.32x
Other (times)
Total (times) 201.41x 75.00x

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