Indian Emulsifier IPO vs Quest Laboratories IPO

Comparision between Indian Emulsifier IPO and Quest Laboratories IPO.

IPO Details

Indian Emulsifier IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Quest Laboratories IPO is a SME Book Built Issue proposed to list at NSE SME.

	Indian Emulsifier IPO	Quest Laboratories IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Ekadrisht Capital Private Limited	Shreni Shares Limited
Registrar	Maashitla Securities Private Limited	Bigshare Services Pvt Ltd
Market Maker	Ss Corporate Securities Limited	Rikhav Securities Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Indian Emulsifier IPO is up to ₹42.39 Cr whereas the issue size of the Quest Laboratories IPO is up to ₹43.16 Cr. The final issue price of Indian Emulsifier IPO is ₹132.00 per share and of Quest Laboratories IPO is ₹97.00 per share.

	Indian Emulsifier IPO	Quest Laboratories IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹125.00 per share	₹93.00 per share
Issue Price (Upper)	₹132.00 per share	₹97.00 per share
Issue Price (Final)	₹132.00 per share	₹97.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	1200 shares
Fresh Issue Size	32,11,000 shares	44,49,600 shares
Fresh Issue Size (Amount)	up to ₹42.39 Cr	up to ₹43.16 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	32,11,000 shares	44,49,600 shares
Issue Size Total (Amount)	up to ₹42.39 Cr	up to ₹43.16 Cr

IPO Timetable

Indian Emulsifier IPO opens on May 13, 2024, while Quest Laboratories IPO opens on May 15, 2024. The closing date of Indian Emulsifier IPO and Quest Laboratories IPO is May 16, 2024, and May 17, 2024, respectively.

	Indian Emulsifier IPO	Quest Laboratories IPO
Anchor Bid Date	May 10, 2024	May 14, 2024
Issue Open	May 13, 2024	May 15, 2024
Issue Close	May 16, 2024	May 17, 2024
Basis Of Allotment (Tentative)	May 17, 2024	May 21, 2024
Initiation of Refunds (Tentative)	May 21, 2024	May 22, 2024
Credit of Share (Tentative)	May 21, 2024	May 22, 2024
Listing date (Tentative)	May 22, 2024	May 23, 2024
Anchor Lockin End date 1	Jun 16, 2024	Jun 20, 2024
Anchor Lockin End date 2	Aug 15, 2024	Aug 19, 2024

Financials

Indian Emulsifier IPO P/E ratio is 30.54, as compared to Quest Laboratories IPO P/E ratio of 23.03.

Indian Emulsifier IPO

Quest Laboratories IPO

Financial

Indian Emulsifier Limited Financial Information (Restated Standalone)

Indian Emulsifier Limited's revenue increased by 132.9% and profit after tax (PAT) rose by 8935.73% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	6,176.63	3,432.26	1,910.22	59.72
Revenue	4,870.16	4,118.35	1,768.31
Profit After Tax	675.01	389.44	4.31	-0.37
Net Worth	2,636.35	1,204.35	814.94	0.63
Reserves and Surplus	1,735.22	393.34	3.93	-0.37
Total Borrowing	2,244.45	2,030.44	1,068.54	58.91
Amount in ₹ Lakhs

Quest Laboratories Limited Financial Information (Restated)

Quest Laboratories Limited's revenue increased by 3.9% and profit after tax (PAT) rose by 22.5% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	5,869.09	4,664.72	3,479.86	1,839.63
Revenue	6,217.83	6,186.60	5,954.20	3,043.55
Profit After Tax	774.93	502.85	410.50	65.50
Net Worth	2,277.15	1,502.21	999.38	588.84
Reserves and Surplus	1,198.39	1,394.33	891.50	480.96
Total Borrowing	460.66	409.69	312.54	304.03
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

65.25%

90.36%

Promoter Shareholding (Post-Issue)

48.11%

65.82%

P/E Ratio

30.54

23.03

Market Cap

₹161.33 Cr.

₹158.96 Cr.

ROE

25.61%%

34.03%%

ROCE

38.03%%

41.86%%

Debt/Equity

0.51

0.2

EPS

₹4.32

₹4.21

RoNW

25.60%%

34.03%%

Shares Offered

In the Indian Emulsifier IPO retail investors (RII) are offered 10,70,000 shares while in Quest Laboratories IPO retail investors are offered 10,70,000 shares. Qualified institutional buyers (QIB) are offered 6,10,000 shares in Indian Emulsifier IPO and 8,31,600 shares in Quest Laboratories IPO.

	Indian Emulsifier IPO	Quest Laboratories IPO
Anchor Investor Reserveration	9,10,000 shares	12,36,000 shares
Market Maker Reserveration	1,61,000 shares	2,28,000 shares
QIB	6,10,000 shares	8,31,600 shares
NII	4,60,000 shares	6,55,200 shares
RII	10,70,000 shares	14,98,800 shares
Employee	0 shares	0 shares
Others
Total	21,40,000 shares	29,85,600 shares

Bids Received (Subscription)

Indian Emulsifier IPO subscribed 460.07x in total, whereas Quest Laboratories IPO subscribed 85.26x.

	Indian Emulsifier IPO	Quest Laboratories IPO
QIB (times)	175.95x	57.20x
NII (times)	779.63x	184.10x
Big NII (times)
Small NII (times)
RII (times)	484.66x	57.63x
Employee (times)
Other (times)
Total (times)	460.07x	85.26x

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