Quality Foils IPO vs Systango Technologies IPO

Comparison between Quality Foils IPO and Systango Technologies IPO.

IPO Details

Quality Foils IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Systango Technologies IPO is a SME Bookbuilding proposed to list at NSE SME.

	Quality Foils IPO	Systango Technologies IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Khambatta Securities Ltd.	Hem Securities Ltd.
Registrar	Bigshare Services Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Khambatta Securities Ltd.	Hem Finlease Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Quality Foils IPO is up to ₹4.30 Cr whereas the issue size of the Systango Technologies IPO is up to ₹33.05 Cr. The final issue price of Quality Foils IPO is ₹60.00 per share and of Systango Technologies IPO is ₹90.00 per share.

	Quality Foils IPO	Systango Technologies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹85.00 per share
Issue Price (Upper)		₹90.00 per share
Issue Price (Final)	₹60.00 per share	₹90.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	2000 shares	1600 shares
Fresh Issue Size	7,16,000 shares	36,72,000 shares
Fresh Issue Size (Amount)	up to ₹4.30 Cr	up to ₹33.05 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	7,16,000 shares	36,72,000 shares
Issue Size Total (Amount)	up to ₹4.30 Cr	up to ₹33.05 Cr

IPO Timetable

Quality Foils IPO opens on Mar 14, 2023, while Systango Technologies IPO opens on Mar 02, 2023. The closing date of Quality Foils IPO and Systango Technologies IPO is Mar 16, 2023, and Mar 06, 2023, respectively.

	Quality Foils IPO	Systango Technologies IPO
Anchor Bid Date		Mar 01, 2023
Issue Open	Mar 14, 2023	Mar 02, 2023
Issue Close	Mar 16, 2023	Mar 06, 2023
Basis Of Allotment (Tentative)	Mar 21, 2023	Mar 10, 2023
Initiation of Refunds (Tentative)	Mar 22, 2023	Mar 13, 2023
Credit of Share (Tentative)	Mar 23, 2023	Mar 14, 2023
Listing date (Tentative)	Mar 24, 2023	Mar 15, 2023
Anchor Lockin End date 1		Apr 09, 2023
Anchor Lockin End date 2		Jun 08, 2023

Financials & KPIs

Quality Foils IPO P/E ratio is 4.16, as compared to Systango Technologies IPO P/E ratio of 15.13.

Quality Foils IPO

Systango Technologies IPO

Financials

Quality Foils (India) Limited Financial Information (Restated Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	6,606.53	15,210.77	107.87	1,773.53	1,633.53
31-Mar-21	6,536.53	12,436.67	95.86	1,869.39	1,729.39
31-Mar-22	7,834.55	18,030.63	161.88	2,031.27	1,891.27
30-Sep-22	7,135.21	10,471.59	205.99	2,237.26	2,097.26
Amount in ₹ Lakhs

Systango Technologies Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	744.32	1,455.31	251.88	476.81	421.81
31-Mar-21	1,537.57	2,388.09	568.26	1,045.50	775.50
31-Mar-22	2,288.97	3,392.10	676.99	1,722.49	1,452.49
30-Sep-22	2,732.41	2,301.30	572.30	2,296.98	2,026.98
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

72.80

97.73

Promoter Shareholding (Post-Issue)

71.96

P/E Ratio

4.16

15.13

Market Cap

₹17.12 Cr.

₹132.02 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Quality Foils IPO Retail Individual Investors (RII) are offered 3,58,000 shares while in Systango Technologies IPO retail investors are offered 3,58,000 shares. Qualified Institutional Buyers (QIB) are offered in Quality Foils IPO and 7,34,400 shares in Systango Technologies IPO.

	Quality Foils IPO	Systango Technologies IPO
Anchor Investor Reserveration		10,99,200 shares
Market Maker Reserveration	38,000 shares	1,96,800 shares
QIB		7,34,400 shares
NII	3,58,000 shares	5,52,000 shares
RII	3,58,000 shares	12,86,400 shares
Employee
Others
Total	7,16,000 shares	36,72,000 shares

Bids Received (Subscription)

Quality Foils IPO subscribed 364.38x in total, whereas Systango Technologies IPO subscribed 64.99x.

	Quality Foils IPO	Systango Technologies IPO
QIB (times)		14.10x
NII (times)	464.50x	230.36x
Big NII (times)
Small NII (times)
RII (times)	259.65x	66.59x
Employee (times)
Other (times)
Total (times)	364.38x	64.99x

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