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Bajaj Housing Finance IPO vs ECOS Mobility IPO

Comparison between Bajaj Housing Finance IPO and ECOS Mobility IPO.

IPO Details

Bajaj Housing Finance 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.

 Bajaj Housing Finance IPOECOS Mobility IPO
LogoBajaj Housing Finance IPO LogoECOS Mobility IPO Logo
Issue CategoryMainboardMainboard
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE, NSEBSE, NSE
Lead ManagersIIFL Capital Services Ltd.

JM Financial Ltd.

SBI Capital Markets Ltd.

Goldman Sachs (India) Securities Pvt.Ltd.

Axis Capital Ltd.

BOFA Securities India Ltd.

Kotak Mahindra Capital Co.Ltd.		IIFL Capital Services Ltd.

Equirus Capital Pvt.Ltd.
RegistrarKfin Technologies Ltd.MUFG Intime India Pvt.Ltd.
Market Maker
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

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 ECOS Mobility IPO is up to ₹601.20 Cr. The final issue price of Bajaj Housing Finance IPO is ₹70.00 per share and of ECOS Mobility IPO is ₹334.00 per share.

 Bajaj Housing Finance IPOECOS Mobility IPO
Face Value₹10 per share₹2 per share
Issue Price (Lower)₹66.00 per share₹318.00 per share
Issue Price (Upper)₹70.00 per share₹334.00 per share
Issue Price (Final)₹70.00 per share₹334.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹0.00 per share
Market Lot Size214 shares44 shares
Fresh Issue Size50,85,71,428 shares0 shares
Fresh Issue Size (Amount)up to ₹3,560.00 Crup to ₹0.00 Cr
OFS Issue Size42,85,71,428 shares1,80,00,000 shares
OFS Issue Size (Amount)up to ₹3,000.00 Crup to ₹601.20 Cr
Issue Size Total93,71,42,856 shares1,80,00,000 shares
Issue Size Total (Amount)up to ₹6,560.00 Crup to ₹601.20 Cr

IPO Timetable

Bajaj Housing Finance IPO opens on Sep 09, 2024, while ECOS Mobility IPO opens on Aug 28, 2024. The closing date of Bajaj Housing Finance IPO and ECOS Mobility IPO is Sep 11, 2024, and Aug 30, 2024, respectively.

 Bajaj Housing Finance IPOECOS Mobility IPO
Anchor Bid DateSep 06, 2024Aug 27, 2024
Issue OpenSep 09, 2024Aug 28, 2024
Issue CloseSep 11, 2024Aug 30, 2024
Basis Of Allotment (Tentative)Sep 12, 2024Sep 02, 2024
Initiation of Refunds (Tentative)Sep 13, 2024Sep 03, 2024
Credit of Share (Tentative)Sep 13, 2024Sep 03, 2024
Listing date (Tentative)Sep 16, 2024Sep 04, 2024
Anchor Lockin End date 1Oct 12, 2024Oct 01, 2024
Anchor Lockin End date 2Dec 11, 2024Nov 30, 2024

Financials & KPIs

Bajaj Housing Finance IPO P/E ratio is 31.62, as compared to ECOS Mobility IPO P/E ratio of 32.05.

 Bajaj Housing Finance IPOECOS Mobility IPO
Financials

Company Financials (Restated)

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets88,538.8381,827.0964,654.1448,527.08
Total Income2,208.737,617.715,665.443,767.13
Profit After Tax482.611,731.221,257.80709.62
NET Worth14,719.9112,233.5010,503.196,741.36
Reserves and Surplus4,252.835,520.813,791.031,858.03
Total Borrowing73,347.0669,129.3253,745.3941,492.32
Amount in ₹ Crore

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)10097.75
Promoter Shareholding (Post-Issue)88.7567.75
P/E Ratio31.6232.05
Market Cap₹58297.03 Cr.₹2004.00 Cr.
ROE42.75%
ROCE42.88%
Debt/Equity5.700.12
EPS₹2.21₹10.42
RoNW3.6%42.75%

Shares Offered

In the Bajaj Housing Finance IPO Retail Individual Investors (RII) are offered 29,30,00,000 shares while in ECOS Mobility IPO retail investors are offered 29,30,00,000 shares. Qualified Institutional Buyers (QIB) are offered 16,74,28,572 shares in Bajaj Housing Finance IPO and 36,00,000 shares in ECOS Mobility IPO.

 Bajaj Housing Finance IPOECOS Mobility IPO
Anchor Investor Reservation25,11,42,856 shares54,00,000 shares
Market Maker Reservation0 shares
QIB16,74,28,572 shares36,00,000 shares
NII12,55,71,429 shares27,00,000 shares
RII29,30,00,000 shares63,00,000 shares
Employee2,85,71,428 shares
Others
Total93,71,42,856 shares1,80,00,000 shares

Bids Received (Subscription)

Bajaj Housing Finance IPO subscribed 67.43x in total, whereas ECOS Mobility IPO subscribed 64.18x.

 Bajaj Housing Finance IPOECOS Mobility IPO
QIB (times)222.05x136.85x
NII (times)43.98x71.17x
Big NII (times)50.53x74.66x
Small NII (times)30.88x64.19x
RII (times)7.41x19.66x
Employee (times)2.13x
Other (times)18.54x
Total (times)67.43x64.18x

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Compare:

Bajaj Housing Finance IPO Vs ECOS Mobility IPO