Maxposure IPO vs Qualitek Labs IPO

Comparision between Maxposure IPO and Qualitek Labs IPO.

IPO Details

Maxposure IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Qualitek Labs IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Maxposure IPO	Qualitek Labs IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	GYR Capital Advisors Private Limited	Oneview Corporate Advisors Pvt. Ltd.
Registrar	Bigshare Services Pvt Ltd	Skyline Financial Services Private Ltd
Market Maker	Giriraj Stock Broking Private Limited	Nikunj Stock Brokers Limited
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 Maxposure IPO is up to ₹20.26 Cr whereas the issue size of the Qualitek Labs IPO is up to ₹19.64 Cr. The final issue price of Maxposure IPO is ₹33.00 per share and of Qualitek Labs IPO is ₹100.00 per share.

	Maxposure IPO	Qualitek Labs IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹31.00 per share
Issue Price (Upper)	₹33.00 per share
Issue Price (Final)	₹33.00 per share	₹100.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	1200 shares
Fresh Issue Size	61,40,000 shares	19,64,400 shares
Fresh Issue Size (Amount)	up to ₹20.26 Cr	up to ₹19.64 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	61,40,000 shares	19,64,400 shares
Issue Size Total (Amount)	up to ₹20.26 Cr	up to ₹19.64 Cr

IPO Timetable

Maxposure IPO opens on Jan 15, 2024, while Qualitek Labs IPO opens on Jan 18, 2024. The closing date of Maxposure IPO and Qualitek Labs IPO is Jan 17, 2024, and Jan 23, 2024, respectively.

	Maxposure IPO	Qualitek Labs IPO
Anchor Bid Date	Jan 12, 2024
Issue Open	Jan 15, 2024	Jan 18, 2024
Issue Close	Jan 17, 2024	Jan 23, 2024
Basis Of Allotment (Tentative)	Jan 18, 2024	Jan 24, 2024
Initiation of Refunds (Tentative)	Jan 19, 2024	Jan 25, 2024
Credit of Share (Tentative)	Jan 19, 2024	Jan 25, 2024
Listing date (Tentative)	Jan 23, 2024	Jan 29, 2024
Anchor Lockin End date 1	Feb 17, 2024	Feb 23, 2024
Anchor Lockin End date 2	Apr 17, 2024	Apr 23, 2024

Financials

Maxposure IPO P/E ratio is 12.42, as compared to Qualitek Labs IPO P/E ratio of 18.21.

Maxposure IPO

Qualitek Labs IPO

Financial

Maxposure Limited Financial Information (Restated)

Maxposure Limited's revenue increased by 1.03% and profit after tax (PAT) rose by 1162.04% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	5,355.21	4,878.51	4,485.18	4,009.97
Revenue	2,059.05	3,355.55	3,321.31	2,247.27
Profit After Tax	370.83	441.21	34.96	36.22
Net Worth	3,478.21	3,114.34	2,666.17	2,631.21
Reserves and Surplus	3,146.19	2,775.36	2,334.15	2,299.19
Total Borrowing	462.31	333.76	293.65	418.52
Amount in ₹ Lakhs

Qualitek Labs Limited Financial Information (Restated Standalone)

Qualitek Labs Limited's revenue increased by 61.03% and profit after tax (PAT) rose by 161.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,409.68	3,955.61	2,219.86	1,459.88
Revenue	1,250.74	1,935.13	1,201.73	637.44
Profit After Tax	200.93	296.91	113.57	46.11
Net Worth	1,187.46	986.52	189.61	-22.96
Reserves and Surplus	646.71	445.77	143.61	-23.96
Total Borrowing	2,499.59	2,344.67	1,728.68	1,121.82
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

84.35%

99.99%

Promoter Shareholding (Post-Issue)

61.58%

73.35%

P/E Ratio

12.42

18.21

Market Cap

₹75.05 Cr.

₹73.72 Cr.

ROE

14.39%%

50.49%%

ROCE

19.55%%

13.76%%

Debt/Equity

0.03

EPS

₹2.66

₹5.49

RoNW

14.20%%

30.10%%

Shares Offered

In the Maxposure IPO retail investors (RII) are offered 20,48,000 shares while in Qualitek Labs IPO retail investors are offered 20,48,000 shares. Qualified institutional buyers (QIB) are offered 11,40,000 shares in Maxposure IPO and 0 shares in Qualitek Labs IPO.

	Maxposure IPO	Qualitek Labs IPO
Anchor Investor Reserveration	17,00,000 shares
Market Maker Reserveration	3,72,000 shares	99,600 shares
QIB	11,40,000 shares	0 shares
NII	8,80,000 shares	9,32,400 shares
RII	20,48,000 shares	9,32,400 shares
Employee	0 shares	0 shares
Others
Total	40,68,000 shares	18,64,800 shares

Bids Received (Subscription)

Maxposure IPO subscribed 987.47x in total, whereas Qualitek Labs IPO subscribed 58.95x.

	Maxposure IPO	Qualitek Labs IPO
QIB (times)	162.35x
NII (times)	1,947.55x	69.37x
Big NII (times)
Small NII (times)
RII (times)	1,034.23x	39.23x
Employee (times)
Other (times)
Total (times)	987.47x	58.95x

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