Baazar Style Retail IPO vs ECOS Mobility IPO

Comparison between Baazar Style Retail IPO and ECOS Mobility IPO.

IPO Details

Baazar Style Retail IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while ECOS Mobility IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Baazar Style Retail IPO is up to ₹834.68 Cr whereas the issue size of the ECOS Mobility IPO is up to ₹601.20 Cr. The final issue price of Baazar Style Retail IPO is ₹389.00 per share and of ECOS Mobility IPO is ₹334.00 per share.

 Baazar Style Retail IPOECOS Mobility IPO
Face Value₹5 per share₹2 per share
Issue Price (Lower)₹370.00 per share₹318.00 per share
Issue Price (Upper)₹389.00 per share₹334.00 per share
Issue Price (Final)₹389.00 per share₹334.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹35.00 per share
Market Lot Size38 shares44 shares
Fresh Issue Size38,06,387 shares0 shares
Fresh Issue Size (Amount)up to ₹148.06 Crup to ₹0.00 Cr
OFS Issue Size1,76,52,320 shares1,80,00,000 shares
OFS Issue Size (Amount)up to ₹686.62 Crup to ₹601.20 Cr
Issue Size Total2,14,58,707 shares1,80,00,000 shares
Issue Size Total (Amount)up to ₹834.68 Crup to ₹601.20 Cr

IPO Timetable

Baazar Style Retail IPO opens on Aug 30, 2024, while ECOS Mobility IPO opens on Aug 28, 2024. The closing date of Baazar Style Retail IPO and ECOS Mobility IPO is Sep 03, 2024, and Aug 30, 2024, respectively.

 Baazar Style Retail IPOECOS Mobility IPO
Anchor Bid DateAug 29, 2024Aug 27, 2024
Issue OpenAug 30, 2024Aug 28, 2024
Issue CloseSep 03, 2024Aug 30, 2024
Basis Of Allotment (Tentative)Sep 04, 2024Sep 02, 2024
Initiation of Refunds (Tentative)Sep 05, 2024Sep 03, 2024
Credit of Share (Tentative)Sep 05, 2024Sep 03, 2024
Listing date (Tentative)Sep 06, 2024Sep 04, 2024
Anchor Lockin End date 1Oct 03, 2024Oct 01, 2024
Anchor Lockin End date 2Dec 02, 2024Nov 30, 2024

Financials & KPIs

Baazar Style Retail IPO P/E ratio is 125.54, as compared to ECOS Mobility IPO P/E ratio of 32.05.

 Baazar Style Retail IPOECOS Mobility IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Mar 2024
Assets1,165.97
Total Income982.83
Profit After Tax21.94
NET Worth212.56
Reserves and Surplus180.20
Total Borrowing178.23
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets296.66229.71112.38
Total Income568.21425.43151.55
Profit After Tax62.5343.599.87
NET Worth177.41115.1371.56
Reserves and Surplus165.41115.0771.50
Total Borrowing21.7232.953.34
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)55.0397.75
Promoter Shareholding (Post-Issue)45.5667.75
P/E Ratio125.5432.05
Market Cap₹2902.55 Cr.₹2004.00 Cr.
ROE10.74%42.75%
ROCE18.39%42.88%
Debt/Equity0.760.12
EPS₹3.10₹10.42
RoNW10.32%42.75%

Shares Offered

In the Baazar Style Retail IPO Retail Individual Investors (RII) are offered 75,00,934 shares while in ECOS Mobility IPO retail investors are offered 75,00,934 shares. Qualified Institutional Buyers (QIB) are offered 42,86,248 shares in Baazar Style Retail IPO and 36,00,000 shares in ECOS Mobility IPO.

 Baazar Style Retail IPOECOS Mobility IPO
Anchor Investor Reservation64,29,372 shares54,00,000 shares
Market Maker Reservation
QIB42,86,248 shares36,00,000 shares
NII32,14,686 shares27,00,000 shares
RII75,00,934 shares63,00,000 shares
Employee28,248 shares
Others
Total2,14,59,488 shares1,80,00,000 shares

Bids Received (Subscription)

Baazar Style Retail IPO subscribed 40.63x in total, whereas ECOS Mobility IPO subscribed 64.18x.

 Baazar Style Retail IPOECOS Mobility IPO
QIB (times)81.83x136.85x
NII (times)59.41x71.17x
Big NII (times)69.27x74.66x
Small NII (times)39.68x64.19x
RII (times)9.07x19.66x
Employee (times)35.08x
Other (times)
Total (times)40.63x64.18x

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