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Aztec Fluids IPO vs Quest Laboratories IPO

Comparison between Aztec Fluids IPO and Quest Laboratories IPO.

IPO Details

Aztec Fluids IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Quest Laboratories IPO is a SME Bookbuilding proposed to list at NSE SME.

 Aztec Fluids IPOQuest Laboratories IPO
LogoAztec Fluids IPO LogoQuest Laboratories IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersHem Securities Ltd.Shreni Shares Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerHem Finlease Pvt.Ltd.Rikhav Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Aztec Fluids IPO is up to ₹22.90 Cr whereas the issue size of the Quest Laboratories IPO is up to ₹40.95 Cr. The final issue price of Aztec Fluids IPO is ₹67.00 per share and of Quest Laboratories IPO is ₹97.00 per share.

 Aztec Fluids IPOQuest Laboratories IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹63.00 per share₹93.00 per share
Issue Price (Upper)₹67.00 per share₹97.00 per share
Issue Price (Final)₹67.00 per share₹97.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1200 shares
Fresh Issue Size34,18,000 shares42,21,600 shares
Fresh Issue Size (Amount)up to ₹22.90 Crup to ₹40.95 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total34,18,000 shares42,21,600 shares
Issue Size Total (Amount)up to ₹22.90 Crup to ₹40.95 Cr

IPO Timetable

Aztec Fluids IPO opens on May 10, 2024, while Quest Laboratories IPO opens on May 15, 2024. The closing date of Aztec Fluids IPO and Quest Laboratories IPO is May 14, 2024, and May 17, 2024, respectively.

 Aztec Fluids IPOQuest Laboratories IPO
Anchor Bid DateMay 09, 2024May 14, 2024
Issue OpenMay 10, 2024May 15, 2024
Issue CloseMay 14, 2024May 17, 2024
Basis Of Allotment (Tentative)May 15, 2024May 21, 2024
Initiation of Refunds (Tentative)May 16, 2024May 22, 2024
Credit of Share (Tentative)May 16, 2024May 22, 2024
Listing date (Tentative)May 17, 2024May 23, 2024
Anchor Lockin End date 1Jun 14, 2024Jun 20, 2024
Anchor Lockin End date 2Aug 13, 2024Aug 19, 2024

Financials & KPIs

Aztec Fluids IPO P/E ratio is 20.47, as compared to Quest Laboratories IPO P/E ratio of 23.03.

 Aztec Fluids IPOQuest Laboratories IPO
Financials

Aztec Fluids & Machinery Limited Financial Information (Restated)

Aztec Fluids & Machinery Limited's revenue increased by 17.46% and profit after tax (PAT) rose by 5.18% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets4,287.003,090.062,707.752,112.81
Total Income5,182.385,452.974,642.563,467.75
Profit After Tax450.74327.38311.25246.28
Net Worth1,986.341,535.601,238.56958.92
Reserves and Surplus986.341,335.601,237.56957.92
Total Borrowing565.95562.31552.40514.34
Amount in ₹ Lakhs

Quest Laboratories Limited Financial Information (Restated)

Quest Laboratories Limited's revenue increased by 3.9% and profit after tax (PAT) rose by 22.5% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,869.094,664.723,479.861,839.63
Total Income6,217.836,186.605,954.203,043.55
Profit After Tax774.93502.85410.5065.50
Net Worth2,277.151,502.21999.38588.84
Reserves and Surplus1,198.391,394.33891.50480.96
Total Borrowing460.66409.69312.54304.03
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.0090.36
Promoter Shareholding (Post-Issue)65.82
P/E Ratio20.4723.03
Market Cap₹91.12 Cr.₹158.96 Cr.
ROE25.60%34.03%
ROCE25.38%41.86%
Debt/Equity0.280.20
EPS₹3.27₹4.21
RoNW22.69%34.03%

Shares Offered

In the Aztec Fluids IPO Retail Individual Investors (RII) are offered 11,98,000 shares while in Quest Laboratories IPO retail investors are offered 11,98,000 shares. Qualified Institutional Buyers (QIB) are offered 6,84,000 shares in Aztec Fluids IPO and 8,31,600 shares in Quest Laboratories IPO.

 Aztec Fluids IPOQuest Laboratories IPO
Anchor Investor Reserveration10,22,000 shares12,36,000 shares
Market Maker Reserveration1,82,000 shares2,28,000 shares
QIB6,84,000 shares8,31,600 shares
NII5,14,000 shares6,55,200 shares
RII11,98,000 shares14,98,800 shares
Employee
Others
Total34,18,000 shares42,21,600 shares

Bids Received (Subscription)

Aztec Fluids IPO subscribed 218.38x in total, whereas Quest Laboratories IPO subscribed 85.26x.

 Aztec Fluids IPOQuest Laboratories IPO
QIB (times)107.93x57.20x
NII (times)341.94x184.10x
Big NII (times)
Small NII (times)
RII (times)228.43x57.63x
Employee (times)
Other (times)
Total (times)218.38x85.26x