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Megatherm Induction IPO vs Qualitek Labs IPO

Comparison between Megatherm Induction IPO and Qualitek Labs IPO.

IPO Details

Megatherm Induction 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.

 Megatherm Induction IPOQualitek Labs IPO
LogoMegatherm Induction IPO LogoQualitek Labs IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersHem Securities Ltd.Oneview Corporate Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerHem Finlease Pvt.Ltd.Nikunj Stock Brokers Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Megatherm Induction IPO is up to ₹51.20 Cr whereas the issue size of the Qualitek Labs IPO is up to ₹18.65 Cr. The final issue price of Megatherm Induction IPO is ₹108.00 per share and of Qualitek Labs IPO is ₹100.00 per share.

 Megatherm Induction IPOQualitek Labs IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹100.00 per share
Issue Price (Upper)₹108.00 per share
Issue Price (Final)₹108.00 per share₹100.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares1200 shares
Fresh Issue Size47,41,200 shares18,64,800 shares
Fresh Issue Size (Amount)up to ₹51.20 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 Total47,41,200 shares18,64,800 shares
Issue Size Total (Amount)up to ₹51.20 Crup to ₹18.65 Cr

IPO Timetable

Megatherm Induction IPO opens on Jan 29, 2024, while Qualitek Labs IPO opens on Jan 18, 2024. The closing date of Megatherm Induction IPO and Qualitek Labs IPO is Jan 31, 2024, and Jan 23, 2024, respectively.

 Megatherm Induction IPOQualitek Labs IPO
Anchor Bid DateJan 25, 2024
Issue OpenJan 29, 2024Jan 18, 2024
Issue CloseJan 31, 2024Jan 23, 2024
Basis Of Allotment (Tentative)Feb 01, 2024Jan 24, 2024
Initiation of Refunds (Tentative)Feb 02, 2024Jan 25, 2024
Credit of Share (Tentative)Feb 02, 2024Jan 25, 2024
Listing date (Tentative)Feb 05, 2024Jan 29, 2024
Anchor Lockin End date 1Mar 02, 2024
Anchor Lockin End date 2May 01, 2024

Financials & KPIs

Megatherm Induction IPO P/E ratio is 10.68, as compared to Qualitek Labs IPO P/E ratio of 18.21.

 Megatherm Induction IPOQualitek Labs IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets210.40191.98172.63146.45
Total Income147.32266.44188.47109.27
Profit After Tax7.5914.001.103.09
NET Worth58.2250.6336.6235.12
Reserves and Surplus44.3741.3927.3925.99
Total Borrowing44.8042.8240.3943.27
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets44.1039.5622.2014.60
Total Income12.5119.3512.026.37
Profit After Tax2.012.971.140.46
NET Worth11.879.871.90-0.23
Reserves and Surplus6.474.461.44-0.24
Total Borrowing25.0023.4517.2911.22
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)98.9299.99
Promoter Shareholding (Post-Issue)72.7173.35
P/E Ratio10.6818.21
Market Cap₹203.48 Cr.₹73.72 Cr.
ROE27.66%50.49%
ROCE27.47%13.76%
Debt/Equity1.67
EPS₹10.11₹5.49
RoNW27.66%30.10%

Shares Offered

In the Megatherm Induction IPO Retail Individual Investors (RII) are offered 16,59,600 shares while in Qualitek Labs IPO retail investors are offered 16,59,600 shares. Qualified Institutional Buyers (QIB) are offered 9,48,000 shares in Megatherm Induction IPO and in Qualitek Labs IPO.

 Megatherm Induction IPOQualitek Labs IPO
Anchor Investor Reservation14,22,000 shares
Market Maker Reservation2,50,800 shares99,600 shares
QIB9,48,000 shares
NII7,11,600 shares9,32,400 shares
RII16,59,600 shares9,32,400 shares
Employee
Others
Total47,41,200 shares18,64,800 shares

Bids Received (Subscription)

Megatherm Induction IPO subscribed 196.11x in total, whereas Qualitek Labs IPO subscribed 58.95x.

 Megatherm Induction IPOQualitek Labs IPO
QIB (times)105.14x
NII (times)307.04x69.37x
Big NII (times)
Small NII (times)
RII (times)200.51x39.23x
Employee (times)
Other (times)
Total (times)196.11x58.95x

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Megatherm Induction IPO Vs Qualitek Labs IPO