Quest Laboratories IPO vs Rulka Electricals IPO

Comparison between Quest Laboratories IPO and Rulka Electricals IPO.

IPO Details

Quest Laboratories IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Rulka Electricals IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Quest Laboratories IPO is up to ₹40.95 Cr whereas the issue size of the Rulka Electricals IPO is up to ₹25.07 Cr. The final issue price of Quest Laboratories IPO is ₹97.00 per share and of Rulka Electricals IPO is ₹235.00 per share.

 Quest Laboratories IPORulka Electricals IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹93.00 per share₹223.00 per share
Issue Price (Upper)₹97.00 per share₹235.00 per share
Issue Price (Final)₹97.00 per share₹235.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares600 shares
Fresh Issue Size42,21,600 shares7,86,000 shares
Fresh Issue Size (Amount)up to ₹40.95 Crup to ₹18.47 Cr
OFS Issue Size0 shares2,80,800 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹6.60 Cr
Issue Size Total42,21,600 shares10,66,800 shares
Issue Size Total (Amount)up to ₹40.95 Crup to ₹25.07 Cr

IPO Timetable

Quest Laboratories IPO opens on May 15, 2024, while Rulka Electricals IPO opens on May 16, 2024. The closing date of Quest Laboratories IPO and Rulka Electricals IPO is May 17, 2024, and May 21, 2024, respectively.

 Quest Laboratories IPORulka Electricals IPO
Anchor Bid DateMay 14, 2024May 15, 2024
Issue OpenMay 15, 2024May 16, 2024
Issue CloseMay 17, 2024May 21, 2024
Basis Of Allotment (Tentative)May 21, 2024May 22, 2024
Initiation of Refunds (Tentative)May 22, 2024May 23, 2024
Credit of Share (Tentative)May 22, 2024May 23, 2024
Listing date (Tentative)May 23, 2024May 24, 2024
Anchor Lockin End date 1Jun 20, 2024Jun 21, 2024
Anchor Lockin End date 2Aug 19, 2024Aug 20, 2024

Financials & KPIs

Quest Laboratories IPO P/E ratio is 23.03, as compared to Rulka Electricals IPO P/E ratio of 28.62.

 Quest Laboratories IPORulka Electricals IPO
Financials

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

Company Financials (Restated Standalone)

Period Ended29 Feb 202431 Mar 202331 Mar 202231 Mar 2021
Assets40.8228.2719.199.82
Total Income65.2846.9036.2719.60
Profit After Tax5.662.811.120.54
NET Worth12.905.572.771.65
Reserves and Surplus9.495.462.661.54
Total Borrowing11.055.272.812.31
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)90.3686.28
Promoter Shareholding (Post-Issue)65.8269.22
P/E Ratio23.0328.62
Market Cap₹158.96 Cr.₹100.07 Cr.
ROE34.03%61.25%
ROCE41.86%33.67%
Debt/Equity0.202.16
EPS₹4.21₹8.21
RoNW34.03%43.85%

Shares Offered

In the Quest Laboratories IPO Retail Individual Investors (RII) are offered 14,98,800 shares while in Rulka Electricals IPO retail investors are offered 14,98,800 shares. Qualified Institutional Buyers (QIB) are offered 8,31,600 shares in Quest Laboratories IPO and 2,13,600 shares in Rulka Electricals IPO.

 Quest Laboratories IPORulka Electricals IPO
Anchor Investor Reservation12,36,000 shares3,19,200 shares
Market Maker Reservation2,28,000 shares56,400 shares
QIB8,31,600 shares2,13,600 shares
NII6,55,200 shares1,60,200 shares
RII14,98,800 shares3,73,800 shares
Employee
Others
Total42,21,600 shares10,66,800 shares

Bids Received (Subscription)

Quest Laboratories IPO subscribed 85.26x in total, whereas Rulka Electricals IPO subscribed 676.83x.

 Quest Laboratories IPORulka Electricals IPO
QIB (times)57.20x204.22x
NII (times)184.10x1,350.15x
Big NII (times)
Small NII (times)
RII (times)57.63x658.32x
Employee (times)
Other (times)
Total (times)85.26x676.83x

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