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Piotex Industries IPO vs Quest Laboratories IPO

Comparison between Piotex Industries IPO and Quest Laboratories IPO.

IPO Details

Piotex Industries IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Quest Laboratories IPO is a SME Bookbuilding proposed to list at NSE SME.

 Piotex Industries IPOQuest Laboratories IPO
LogoPiotex Industries IPO LogoQuest Laboratories IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Shreni Shares Ltd.
RegistrarCameo Corporate Services Ltd.Bigshare Services Pvt.Ltd.
Market MakerSpread X Securities Pvt.Ltd.Rikhav Securities 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 Piotex Industries IPO is up to ₹13.74 Cr whereas the issue size of the Quest Laboratories IPO is up to ₹40.95 Cr. The final issue price of Piotex Industries IPO is ₹94.00 per share and of Quest Laboratories IPO is ₹97.00 per share.

 Piotex Industries 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)₹94.00 per share₹97.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1200 shares1200 shares
Fresh Issue Size14,61,600 shares42,21,600 shares
Fresh Issue Size (Amount)up to ₹13.74 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 Total14,61,600 shares42,21,600 shares
Issue Size Total (Amount)up to ₹13.74 Crup to ₹40.95 Cr

IPO Timetable

Piotex Industries IPO opens on May 10, 2024, while Quest Laboratories IPO opens on May 15, 2024. The closing date of Piotex Industries IPO and Quest Laboratories IPO is May 14, 2024, and May 17, 2024, respectively.

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

Financials & KPIs

Piotex Industries IPO P/E ratio is 11.14, as compared to Quest Laboratories IPO P/E ratio of 23.03.

 Piotex Industries IPOQuest Laboratories IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets36.1117.5813.85
Total Income118.9486.6780.46
Profit After Tax3.012.890.74
NET Worth8.974.401.51
Reserves and Surplus5.824.251.36
Total Borrowing4.463.725.29
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)100%90.36%
Promoter Shareholding (Post-Issue)65.94%65.82%
P/E Ratio11.1423.03
Market Cap₹47.97 Cr.₹158.96 Cr.
ROE44.9934.03
ROCE33.2041.86
Debt/Equity0.500.20
EPS₹8.44₹4.21
RoNW33.5334.03

Shares Offered

In the Piotex Industries IPO Retail Individual Investors (RII) are offered 7,30,800 shares while in Quest Laboratories IPO retail investors are offered 7,30,800 shares. Qualified Institutional Buyers (QIB) are offered in Piotex Industries IPO and 8,31,600 shares in Quest Laboratories IPO.

 Piotex Industries IPOQuest Laboratories IPO
Anchor Investor Reservation12,36,000 shares
Market Maker Reservation78,000 shares2,28,000 shares
QIB8,31,600 shares
NII7,30,800 shares6,55,200 shares
RII7,30,800 shares14,98,800 shares
Total14,61,600 shares42,21,600 shares

Bids Received (Subscription)

Piotex Industries IPO subscribed 104.27x in total, whereas Quest Laboratories IPO subscribed 60.30x.

 Piotex Industries IPOQuest Laboratories IPO
QIB (times)57.20x
NII (times)115.21x184.10x
RII (times)93.33x57.63x
Total (times)104.27x60.30x

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Compare:

Piotex Industries IPO Vs Quest Laboratories IPO