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Indian Emulsifiers IPO vs Quest Laboratories IPO

Comparison between Indian Emulsifiers IPO and Quest Laboratories IPO.

IPO Details

Indian Emulsifiers IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Quest Laboratories IPO is a SME Bookbuilding proposed to list at NSE SME.

 Indian Emulsifiers IPOQuest Laboratories IPO
LogoIndian Emulsifiers IPO LogoQuest Laboratories IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersEkadrisht Capital Pvt.Ltd.Shreni Shares Ltd.
RegistrarMaashitla Securities Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerSS Corporate Securities 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 Indian Emulsifiers IPO is up to ₹40.26 Cr whereas the issue size of the Quest Laboratories IPO is up to ₹40.95 Cr. The final issue price of Indian Emulsifiers IPO is ₹132.00 per share and of Quest Laboratories IPO is ₹97.00 per share.

 Indian Emulsifiers IPOQuest Laboratories IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹125.00 per share₹93.00 per share
Issue Price (Upper)₹132.00 per share₹97.00 per share
Issue Price (Final)₹132.00 per share₹97.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1000 shares1200 shares
Fresh Issue Size30,50,000 shares42,21,600 shares
Fresh Issue Size (Amount)up to ₹40.26 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 Total30,50,000 shares42,21,600 shares
Issue Size Total (Amount)up to ₹40.26 Crup to ₹40.95 Cr

IPO Timetable

Indian Emulsifiers IPO opens on May 13, 2024, while Quest Laboratories IPO opens on May 15, 2024. The closing date of Indian Emulsifiers IPO and Quest Laboratories IPO is May 16, 2024, and May 17, 2024, respectively.

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

Financials & KPIs

Indian Emulsifiers IPO P/E ratio is 30.54, as compared to Quest Laboratories IPO P/E ratio of 23.03.

 Indian Emulsifiers IPOQuest Laboratories IPO
Financials

Indian Emulsifier Limited Financial Information (Restated Standalone)

Indian Emulsifier Limited's revenue increased by 132.9% and profit after tax (PAT) rose by 8935.73% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets6,176.633,432.261,910.2259.72
Total Income4,870.164,118.351,768.31
Profit After Tax675.01389.444.31-0.37
Net Worth2,636.351,204.35814.940.63
Reserves and Surplus1,735.22393.343.93-0.37
Total Borrowing2,244.452,030.441,068.5458.91
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)65.2590.36
Promoter Shareholding (Post-Issue)48.1165.82
P/E Ratio30.5423.03
Market Cap₹161.33 Cr.₹158.96 Cr.
ROE25.61%34.03%
ROCE38.03%41.86%
Debt/Equity0.510.20
EPS₹4.32₹4.21
RoNW25.60%34.03%

Shares Offered

In the Indian Emulsifiers IPO Retail Individual Investors (RII) are offered 10,70,000 shares while in Quest Laboratories IPO retail investors are offered 10,70,000 shares. Qualified Institutional Buyers (QIB) are offered 6,10,000 shares in Indian Emulsifiers IPO and 8,31,600 shares in Quest Laboratories IPO.

 Indian Emulsifiers IPOQuest Laboratories IPO
Anchor Investor Reserveration9,10,000 shares12,36,000 shares
Market Maker Reserveration1,61,000 shares2,28,000 shares
QIB6,10,000 shares8,31,600 shares
NII4,60,000 shares6,55,200 shares
RII10,70,000 shares14,98,800 shares
Employee
Others
Total30,50,000 shares42,21,600 shares

Bids Received (Subscription)

Indian Emulsifiers IPO subscribed 460.07x in total, whereas Quest Laboratories IPO subscribed 85.26x.

 Indian Emulsifiers IPOQuest Laboratories IPO
QIB (times)175.95x57.20x
NII (times)779.63x184.10x
Big NII (times)
Small NII (times)
RII (times)484.66x57.63x
Employee (times)
Other (times)
Total (times)460.07x85.26x