GSM Foils IPO vs Quest Laboratories IPO

Comparison between GSM Foils IPO and Quest Laboratories IPO.

IPO Details

GSM Foils 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.

Issue Size and Price

The total issue size of GSM Foils IPO is up to ₹10.44 Cr whereas the issue size of the Quest Laboratories IPO is up to ₹40.95 Cr. The final issue price of GSM Foils IPO is ₹32.00 per share and of Quest Laboratories IPO is ₹97.00 per share.

 GSM Foils IPOQuest Laboratories IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹93.00 per share
Issue Price (Upper)₹97.00 per share
Issue Price (Final)₹32.00 per share₹97.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size4000 shares1200 shares
Fresh Issue Size32,64,000 shares42,21,600 shares
Fresh Issue Size (Amount)up to ₹10.44 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 Total32,64,000 shares42,21,600 shares
Issue Size Total (Amount)up to ₹10.44 Crup to ₹40.95 Cr

IPO Timetable

GSM Foils IPO opens on May 24, 2024, while Quest Laboratories IPO opens on May 15, 2024. The closing date of GSM Foils IPO and Quest Laboratories IPO is May 28, 2024, and May 17, 2024, respectively.

 GSM Foils IPOQuest Laboratories IPO
Anchor Bid DateMay 14, 2024
Issue OpenMay 24, 2024May 15, 2024
Issue CloseMay 28, 2024May 17, 2024
Basis Of Allotment (Tentative)May 29, 2024May 21, 2024
Initiation of Refunds (Tentative)May 30, 2024May 22, 2024
Credit of Share (Tentative)May 30, 2024May 22, 2024
Listing date (Tentative)May 31, 2024May 23, 2024
Anchor Lockin End date 1Jun 20, 2024
Anchor Lockin End date 2Aug 19, 2024

Financials & KPIs

GSM Foils IPO P/E ratio is 20.98, as compared to Quest Laboratories IPO P/E ratio of 23.03.

 GSM Foils IPOQuest Laboratories IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets22.0814.3810.517.21
Total Income27.1865.8971.8536.46
Profit After Tax1.251.430.640.34
NET Worth1.278.366.596.58
Reserves and Surplus1.25
Total Borrowing14.132.422.19
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets58.6946.6534.8018.40
Total Income62.1861.8759.5430.44
Profit After Tax7.755.034.110.66
NET Worth22.7715.029.995.89
Reserves and Surplus11.9813.948.924.81
Total Borrowing4.614.103.133.04
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.9990.36
Promoter Shareholding (Post-Issue)73.1465.82
P/E Ratio20.9823.03
Market Cap₹41.00 Cr.₹158.96 Cr.
ROE23.62%34.03%
ROCE1.60%41.86%
Debt/Equity11.130.20
EPS₹1.53₹4.21
RoNW98.27%34.03%

Shares Offered

In the GSM Foils IPO Retail Individual Investors (RII) are offered 16,32,000 shares while in Quest Laboratories IPO retail investors are offered 16,32,000 shares. Qualified Institutional Buyers (QIB) are offered in GSM Foils IPO and 8,31,600 shares in Quest Laboratories IPO.

 GSM Foils IPOQuest Laboratories IPO
Anchor Investor Reservation12,36,000 shares
Market Maker Reservation1,76,000 shares2,28,000 shares
QIB8,31,600 shares
NII16,32,000 shares6,55,200 shares
RII16,32,000 shares14,98,800 shares
Employee
Others
Total32,64,000 shares42,21,600 shares

Bids Received (Subscription)

GSM Foils IPO subscribed 257.30x in total, whereas Quest Laboratories IPO subscribed 85.26x.

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GSM Foils IPO Vs Quest Laboratories IPO