Insolation Energy IPO vs QMS Medical Allied IPO

Comparision between Insolation Energy IPO and QMS Medical Allied IPO.

IPO Details

Insolation Energy IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while QMS Medical Allied IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Insolation Energy IPO	QMS Medical Allied IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Holani Consultants Private Limited	First Overseas Capital Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Insolation Energy IPO is up to ₹22.16 Cr whereas the issue size of the QMS Medical Allied IPO is up to ₹56.87 Cr. The final issue price of Insolation Energy IPO is ₹38.00 per share and of QMS Medical Allied IPO is ₹121.00 per share.

	Insolation Energy IPO	QMS Medical Allied IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹36.00 per share
Issue Price (Upper)	₹38.00 per share
Issue Price (Final)	₹38.00 per share	₹121.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1000 shares
Fresh Issue Size		28,00,000 shares
Fresh Issue Size (Amount)		up to ₹33.88 Cr
OFS Issue Size		19,00,000 shares
OFS Issue Size (Amount)		up to ₹22.99 Cr
Issue Size Total	58,32,000 shares	47,00,000 shares
Issue Size Total (Amount)	up to ₹22.16 Cr	up to ₹56.87 Cr

IPO Timetable

Insolation Energy IPO opens on Sep 26, 2022, while QMS Medical Allied IPO opens on Sep 27, 2022. The closing date of Insolation Energy IPO and QMS Medical Allied IPO is Sep 29, 2022, and Sep 30, 2022, respectively.

	Insolation Energy IPO	QMS Medical Allied IPO
Anchor Bid Date
Issue Open	Sep 26, 2022	Sep 27, 2022
Issue Close	Sep 29, 2022	Sep 30, 2022
Basis Of Allotment (Tentative)	Oct 04, 2022	Oct 06, 2022
Initiation of Refunds (Tentative)	Oct 06, 2022	Oct 07, 2022
Credit of Share (Tentative)	Oct 07, 2022	Oct 10, 2022
Listing date (Tentative)	Oct 10, 2022	Oct 11, 2022
Anchor Lockin End date 1	Nov 03, 2022	Nov 05, 2022
Anchor Lockin End date 2	Jan 02, 2023	Jan 04, 2023

Financials

Insolation Energy IPO P/E ratio is 11.41, as compared to QMS Medical Allied IPO P/E ratio of 20.1.

Insolation Energy IPO

QMS Medical Allied IPO

Financial

Insolation Energy Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Reserves and Surplus
31-Mar-20	2642.44	8879.37	309.25	580.05
31-Mar-21	5045.04	16272.92	689.72	1269.77
31-Mar-22	6668.03	21539.13	692.2	711.97
Amount in ₹ Lakhs

QMS Medical Allied Services Ltd Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	3348	7277.81	635.35	940.58	639.58
31-Mar-21	6037.43	12209	1091.75	2032.33	1656.08
31-Mar-22	8266.53	14774.77	1070.64	3102.97	2726.72
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

97%

100%

Promoter Shareholding (Post-Issue)

73.67%

P/E Ratio

11.41

20.1

Market Cap

₹79.16 Cr.

₹215.99 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Insolation Energy IPO retail investors (RII) are offered 27,69,000 shares while in QMS Medical Allied IPO retail investors are offered 27,69,000 shares. Qualified institutional buyers (QIB) are offered in Insolation Energy IPO and in QMS Medical Allied IPO.

	Insolation Energy IPO	QMS Medical Allied IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,94,000 shares	2,36,000 shares
QIB
NII	27,69,000 shares	22,32,000 shares
RII	27,69,000 shares	22,32,000 shares
Employee
Others
Total	55,38,000 shares	44,64,000 shares

Bids Received (Subscription)

Insolation Energy IPO subscribed 192.79x in total, whereas QMS Medical Allied IPO subscribed 0.88x.

	Insolation Energy IPO	QMS Medical Allied IPO
QIB (times)
NII (times)	150.02x	1.25x
Big NII (times)
Small NII (times)
RII (times)	235.55x	0.51x
Employee (times)
Other (times)
Total (times)	192.79x	0.88x

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