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DelaPlex IPO vs Qualitek Labs IPO

Comparison between DelaPlex IPO and Qualitek Labs IPO.

IPO Details

DelaPlex IPO is a SME Fixed Price IPO proposed to list at NSE SME while Qualitek Labs IPO is a SME Fixed Price proposed to list at BSE SME.

 DelaPlex IPOQualitek Labs IPO
LogoDelaPlex IPO LogoQualitek Labs IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersShreni Shares Ltd.Oneview Corporate Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerShreni Shares Ltd.Nikunj Stock Brokers Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of DelaPlex IPO is up to ₹43.73 Cr whereas the issue size of the Qualitek Labs IPO is up to ₹18.65 Cr. The final issue price of DelaPlex IPO is ₹192.00 per share and of Qualitek Labs IPO is ₹100.00 per share.

 DelaPlex IPOQualitek Labs IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹186.00 per share
Issue Price (Upper)₹192.00 per share
Issue Price (Final)₹192.00 per share₹100.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size600 shares1200 shares
Fresh Issue Size16,77,600 shares18,64,800 shares
Fresh Issue Size (Amount)up to ₹32.21 Crup to ₹18.65 Cr
OFS Issue Size6,00,000 shares0 shares
OFS Issue Size (Amount)up to ₹11.52 Crup to ₹0.00 Cr
Issue Size Total22,77,600 shares18,64,800 shares
Issue Size Total (Amount)up to ₹43.73 Crup to ₹18.65 Cr

IPO Timetable

DelaPlex IPO opens on Jan 25, 2024, while Qualitek Labs IPO opens on Jan 18, 2024. The closing date of DelaPlex IPO and Qualitek Labs IPO is Jan 30, 2024, and Jan 23, 2024, respectively.

 DelaPlex IPOQualitek Labs IPO
Anchor Bid DateJan 24, 2024
Issue OpenJan 25, 2024Jan 18, 2024
Issue CloseJan 30, 2024Jan 23, 2024
Basis Of Allotment (Tentative)Jan 31, 2024Jan 24, 2024
Initiation of Refunds (Tentative)Jan 31, 2024Jan 25, 2024
Credit of Share (Tentative)Feb 01, 2024Jan 25, 2024
Listing date (Tentative)Feb 02, 2024Jan 29, 2024
Anchor Lockin End date 1Mar 01, 2024
Anchor Lockin End date 2Apr 30, 2024

Financials & KPIs

DelaPlex IPO P/E ratio is 17.75, as compared to Qualitek Labs IPO P/E ratio of 18.21.

 DelaPlex IPOQualitek Labs IPO
Financials

DelaPlex Limited Financial Information (Restated)

DelaPlex Limited's revenue increased by 9.69% and profit after tax (PAT) rose by 29.23% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets3,185.452,638.331,790.901,100.77
Total Income2,814.285,521.815,034.063,633.30
Profit After Tax425.53790.72611.87404.00
Net Worth2,775.582,350.051,559.32947.45
Reserves and Surplus2,774.582,349.051,558.32946.45
Amount in ₹ Lakhs

Qualitek Labs Limited Financial Information (Restated Standalone)

Qualitek Labs Limited's revenue increased by 61.03% and profit after tax (PAT) rose by 161.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets4,409.683,955.612,219.861,459.88
Total Income1,250.741,935.131,201.73637.44
Profit After Tax200.93296.91113.5746.11
Net Worth1,187.46986.52189.61-22.96
Reserves and Surplus646.71445.77143.61-23.96
Total Borrowing2,499.592,344.671,728.681,121.82
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)10099.99
Promoter Shareholding (Post-Issue)73.6673.35
P/E Ratio17.7518.21
Market Cap₹174.91 Cr.₹73.72 Cr.
ROE40.45%50.49%
ROCE56.73%13.76%
Debt/Equity
EPS₹10.82₹5.49
RoNW56.73%30.10%

Shares Offered

In the DelaPlex IPO Retail Individual Investors (RII) are offered 7,97,400 shares while in Qualitek Labs IPO retail investors are offered 7,97,400 shares. Qualified Institutional Buyers (QIB) are offered 4,55,400 shares in DelaPlex IPO and in Qualitek Labs IPO.

 DelaPlex IPOQualitek Labs IPO
Anchor Investor Reserveration6,82,800 shares
Market Maker Reserveration1,22,400 shares99,600 shares
QIB4,55,400 shares
NII3,42,000 shares9,32,400 shares
RII7,97,400 shares9,32,400 shares
Employee
Others
Total22,77,600 shares18,64,800 shares

Bids Received (Subscription)

DelaPlex IPO subscribed 177.80x in total, whereas Qualitek Labs IPO subscribed 58.95x.

 DelaPlex IPOQualitek Labs IPO
QIB (times)90.91x
NII (times)335.23x69.37x
Big NII (times)
Small NII (times)
RII (times)159.91x39.23x
Employee (times)
Other (times)
Total (times)177.80x58.95x