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Bajaj Housing Finance IPO vs Shree Tirupati Balajee IPO

Comparision between Bajaj Housing Finance IPO and Shree Tirupati Balajee IPO.

IPO Details

Bajaj Housing Finance IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Shree Tirupati Balajee 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 Shree Tirupati Balajee IPO is up to ₹169.65 Cr. The final issue price of Bajaj Housing Finance IPO is ₹70.00 per share and of Shree Tirupati Balajee IPO is ₹83.00 per share.

  Bajaj Housing Finance IPO Shree Tirupati Balajee IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹66.00 per share ₹78.00 per share
Issue Price (Upper) ₹70.00 per share ₹83.00 per share
Issue Price (Final) ₹70.00 per share ₹83.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 214 shares 180 shares
Fresh Issue Size 50,85,71,429 shares 1,47,50,000 shares
Fresh Issue Size (Amount) up to ₹3,560.00 Cr up to ₹122.43 Cr
OFS Issue Size 42,85,71,429 shares 56,90,000 shares
OFS Issue Size (Amount) up to ₹3,000.00 Cr up to ₹47.23 Cr
Issue Size Total 93,71,42,858 shares 2,04,40,000 shares
Issue Size Total (Amount) up to ₹6,560.00 Cr up to ₹169.65 Cr

IPO Timetable

Bajaj Housing Finance IPO opens on Sep 09, 2024, while Shree Tirupati Balajee IPO opens on Sep 05, 2024. The closing date of Bajaj Housing Finance IPO and Shree Tirupati Balajee IPO is Sep 11, 2024, and Sep 09, 2024, respectively.

  Bajaj Housing Finance IPO Shree Tirupati Balajee IPO
Anchor Bid Date Sep 06, 2024 Sep 04, 2024
Issue Open Sep 09, 2024 Sep 05, 2024
Issue Close Sep 11, 2024 Sep 09, 2024
Basis Of Allotment (Tentative) Sep 12, 2024 Sep 10, 2024
Initiation of Refunds (Tentative) Sep 13, 2024 Sep 11, 2024
Credit of Share (Tentative) Sep 13, 2024 Sep 11, 2024
Listing date (Tentative) Sep 16, 2024 Sep 12, 2024
Anchor Lockin End date 1 Oct 12, 2024 Oct 10, 2024
Anchor Lockin End date 2 Dec 11, 2024 Dec 09, 2024

Financials

Bajaj Housing Finance IPO P/E ratio is 31.62, as compared to Shree Tirupati Balajee IPO P/E ratio of 15.37.

  Bajaj Housing Finance IPO Shree Tirupati Balajee 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

Shree Tirupati Balajee Agro Trading Company Limited Financial Information (Restated Consolidated)

Shree Tirupati Balajee Agro Trading Company Limited's revenue increased by 16% and profit after tax (PAT) rose by 74% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets516.94392.46391.89
Revenue552.82478.14453.79
Profit After Tax36.0720.7213.66
Net Worth173.07110.2192.23
Reserves and Surplus106.24109.05
Total Borrowing243.69223.81240.06
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue) 100.00% 88.38%
Promoter Shareholding (Post-Issue) 87.8% 65.42%
P/E Ratio 31.62 15.37
Market Cap ₹58297.03 Cr. ₹677.04 Cr.
ROE 20.84%%
ROCE 16.29%%
Debt/Equity 5.7 1.41
EPS ₹2.21 ₹5.40
RoNW 3.6%% 20.84%%

Shares Offered

In the Bajaj Housing Finance IPO retail investors (RII) are offered 29,30,00,000 shares while in Shree Tirupati Balajee 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 40,88,000 shares in Shree Tirupati Balajee IPO.

  Bajaj Housing Finance IPO Shree Tirupati Balajee IPO
Anchor Investor Reserveration 25,11,42,856 shares 61,32,000 shares
Market Maker Reserveration
QIB 16,74,28,580 shares 40,88,000 shares
NII 12,55,71,430 shares 30,66,000 shares
RII 29,30,00,000 shares 71,54,000 shares
Employee 2,85,71,428 shares 0 shares
Others
Total 68,60,00,009 shares 1,43,08,000 shares

Bids Received (Subscription)

Bajaj Housing Finance IPO subscribed 67.43x in total, whereas Shree Tirupati Balajee IPO subscribed 124.74x.

  Bajaj Housing Finance IPO Shree Tirupati Balajee IPO
QIB (times) 222.05x 150.87x
NII (times) 43.98x 210.12x
Big NII (times) 50.53x 225.47x
Small NII (times) 30.88x 179.41x
RII (times) 7.41x 73.22x
Employee (times) 2.13x
Other (times) 18.54x
Total (times) 67.43x 124.74x

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