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Qualitek Labs IPO vs Shree Marutinandan Tubes IPO

Comparison between Qualitek Labs IPO and Shree Marutinandan Tubes IPO.

IPO Details

Qualitek Labs IPO is a SME Fixed Price IPO proposed to list at BSE SME while Shree Marutinandan Tubes IPO is a SME Fixed Price proposed to list at BSE SME.

 Qualitek Labs IPOShree Marutinandan Tubes IPO
LogoQualitek Labs IPO LogoShree Marutinandan Tubes IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersOneview Corporate Advisors Pvt.Ltd.Swastika Investmart Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerNikunj Stock Brokers Ltd.Swastika Investmart Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Qualitek Labs IPO is up to ₹18.65 Cr whereas the issue size of the Shree Marutinandan Tubes IPO is up to ₹13.59 Cr. The final issue price of Qualitek Labs IPO is ₹100.00 per share and of Shree Marutinandan Tubes IPO is ₹143.00 per share.

 Qualitek Labs IPOShree Marutinandan Tubes IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹100.00 per share₹143.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares1000 shares
Fresh Issue Size18,64,800 shares9,50,000 shares
Fresh Issue Size (Amount)up to ₹18.65 Crup to ₹13.59 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total18,64,800 shares9,50,000 shares
Issue Size Total (Amount)up to ₹18.65 Crup to ₹13.59 Cr

IPO Timetable

Qualitek Labs IPO opens on Jan 18, 2024, while Shree Marutinandan Tubes IPO opens on Jan 12, 2024. The closing date of Qualitek Labs IPO and Shree Marutinandan Tubes IPO is Jan 23, 2024, and Jan 16, 2024, respectively.

 Qualitek Labs IPOShree Marutinandan Tubes IPO
Anchor Bid Date
Issue OpenJan 18, 2024Jan 12, 2024
Issue CloseJan 23, 2024Jan 16, 2024
Basis Of Allotment (Tentative)Jan 24, 2024Jan 17, 2024
Initiation of Refunds (Tentative)Jan 25, 2024Jan 18, 2024
Credit of Share (Tentative)Jan 25, 2024Jan 18, 2024
Listing date (Tentative)Jan 29, 2024Jan 19, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Qualitek Labs IPO P/E ratio is 18.21, as compared to Shree Marutinandan Tubes IPO P/E ratio of 17.44.

 Qualitek Labs IPOShree Marutinandan Tubes IPO
Financials

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

Shree Marutinandan Tubes Limited Financial Information (Restated)

Shree Marutinandan Tubes Limited's revenue increased by 0.09% and profit after tax (PAT) rose by 3257.07% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,234.291,617.601,284.831,301.03
Total Income4,284.644,722.584,718.493,597.28
Profit After Tax141.99201.766.0113.30
Net Worth409.70267.7465.9859.98
Reserves and Surplus163.73247.2445.4839.48
Total Borrowing607.28716.90688.89795.31
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.9982.00
Promoter Shareholding (Post-Issue)73.3558.30
P/E Ratio18.2117.44
Market Cap₹73.72 Cr.₹49.48 Cr.
ROE50.49%120.91%
ROCE13.76%78.52%
Debt/Equity2.68
EPS₹5.49₹8.20
RoNW30.10%75.36%

Shares Offered

In the Qualitek Labs IPO Retail Individual Investors (RII) are offered 9,32,400 shares while in Shree Marutinandan Tubes IPO retail investors are offered 9,32,400 shares. Qualified Institutional Buyers (QIB) are offered in Qualitek Labs IPO and in Shree Marutinandan Tubes IPO.

 Qualitek Labs IPOShree Marutinandan Tubes IPO
Anchor Investor Reserveration
Market Maker Reserveration99,600 shares50,000 shares
QIB
NII9,32,400 shares4,75,000 shares
RII9,32,400 shares4,75,000 shares
Employee
Others
Total18,64,800 shares9,50,000 shares

Bids Received (Subscription)

Qualitek Labs IPO subscribed 58.95x in total, whereas Shree Marutinandan Tubes IPO subscribed 47.16x.

 Qualitek Labs IPOShree Marutinandan Tubes IPO
QIB (times)
NII (times)69.37x32.67x
Big NII (times)
Small NII (times)
RII (times)39.23x59.71x
Employee (times)
Other (times)
Total (times)58.95x47.16x