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Fonebox Retail IPO vs Qualitek Labs IPO

Comparison between Fonebox Retail IPO and Qualitek Labs IPO.

IPO Details

Fonebox Retail 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.

 Fonebox Retail IPOQualitek Labs IPO
LogoFonebox Retail IPO LogoQualitek Labs IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Oneview Corporate Advisors Pvt.Ltd.
RegistrarKfin Technologies Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerSpread X Securities Pvt.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 Fonebox Retail IPO is up to ₹19.35 Cr whereas the issue size of the Qualitek Labs IPO is up to ₹18.65 Cr. The final issue price of Fonebox Retail IPO is ₹70.00 per share and of Qualitek Labs IPO is ₹100.00 per share.

 Fonebox Retail IPOQualitek Labs IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹66.00 per share
Issue Price (Upper)₹70.00 per share
Issue Price (Final)₹70.00 per share₹100.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1200 shares
Fresh Issue Size27,64,000 shares18,64,800 shares
Fresh Issue Size (Amount)up to ₹19.35 Crup to ₹18.65 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total27,64,000 shares18,64,800 shares
Issue Size Total (Amount)up to ₹19.35 Crup to ₹18.65 Cr

IPO Timetable

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

 Fonebox Retail 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)Feb 01, 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

Fonebox Retail IPO P/E ratio is 32.18, as compared to Qualitek Labs IPO P/E ratio of 18.21.

 Fonebox Retail IPOQualitek Labs IPO
Financials

Fonebox Retail Limited Financial Information (Restated)

Fonebox Retail Limited's revenue increased by 115.85% and profit after tax (PAT) rose by 1149.88% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets4,342.273,861.052,110.7071.08
Total Income14,022.9819,626.099,092.339.92
Profit After Tax155.19159.8612.79-2.36
Net Worth916.72210.2660.2312.38
Reserves and Surplus190.48170.2910.43-2.36
Total Borrowing506.571,058.22584.26
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)100.0099.99
Promoter Shareholding (Post-Issue)71.6473.35
P/E Ratio32.1818.21
Market Cap₹71.82 Cr.₹73.72 Cr.
ROE118.20%50.49%
ROCE34.55%13.76%
Debt/Equity5.03
EPS₹2.17₹5.49
RoNW76.15%30.10%

Shares Offered

In the Fonebox Retail IPO Retail Individual Investors (RII) are offered 9,70,000 shares while in Qualitek Labs IPO retail investors are offered 9,70,000 shares. Qualified Institutional Buyers (QIB) are offered 5,52,000 shares in Fonebox Retail IPO and in Qualitek Labs IPO.

 Fonebox Retail IPOQualitek Labs IPO
Anchor Investor Reserveration8,26,000 shares
Market Maker Reserveration1,46,000 shares99,600 shares
QIB5,52,000 shares
NII4,16,000 shares9,32,400 shares
RII9,70,000 shares9,32,400 shares
Employee
Others
Total27,64,000 shares18,64,800 shares

Bids Received (Subscription)

Fonebox Retail IPO subscribed 659.42x in total, whereas Qualitek Labs IPO subscribed 58.95x.

 Fonebox Retail IPOQualitek Labs IPO
QIB (times)138.69x
NII (times)819.99x69.37x
Big NII (times)
Small NII (times)
RII (times)886.32x39.23x
Employee (times)
Other (times)
Total (times)659.42x58.95x