Megatherm Induction IPO vs Qualitek Labs IPO

Comparision between Megatherm Induction IPO and Qualitek Labs IPO.

IPO Details

Megatherm Induction 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.

	Megatherm Induction 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	Hem Securities Limited	Oneview Corporate Advisors Pvt. Ltd.
Registrar	Bigshare Services Pvt Ltd	Skyline Financial Services Private Ltd
Market Maker	Hem Finlease 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 Megatherm Induction IPO is up to ₹53.91 Cr whereas the issue size of the Qualitek Labs IPO is up to ₹19.64 Cr. The final issue price of Megatherm Induction IPO is ₹108.00 per share and of Qualitek Labs IPO is ₹100.00 per share.

	Megatherm Induction IPO	Qualitek Labs IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹100.00 per share
Issue Price (Upper)	₹108.00 per share
Issue Price (Final)	₹108.00 per share	₹100.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1200 shares
Fresh Issue Size	49,92,000 shares	19,64,400 shares
Fresh Issue Size (Amount)	up to ₹53.91 Cr	up to ₹19.64 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	49,92,000 shares	19,64,400 shares
Issue Size Total (Amount)	up to ₹53.91 Cr	up to ₹19.64 Cr

IPO Timetable

Megatherm Induction IPO opens on Jan 29, 2024, while Qualitek Labs IPO opens on Jan 18, 2024. The closing date of Megatherm Induction IPO and Qualitek Labs IPO is Jan 31, 2024, and Jan 23, 2024, respectively.

	Megatherm Induction IPO	Qualitek Labs IPO
Anchor Bid Date	Jan 25, 2024
Issue Open	Jan 29, 2024	Jan 18, 2024
Issue Close	Jan 31, 2024	Jan 23, 2024
Basis Of Allotment (Tentative)	Feb 01, 2024	Jan 24, 2024
Initiation of Refunds (Tentative)	Feb 02, 2024	Jan 25, 2024
Credit of Share (Tentative)	Feb 02, 2024	Jan 25, 2024
Listing date (Tentative)	Feb 05, 2024	Jan 29, 2024
Anchor Lockin End date 1	Mar 02, 2024	Feb 23, 2024
Anchor Lockin End date 2	May 01, 2024	Apr 23, 2024

Financials

Megatherm Induction IPO P/E ratio is 10.68, as compared to Qualitek Labs IPO P/E ratio of 18.21.

Megatherm Induction IPO

Qualitek Labs IPO

Financial

Megatherm Induction Limited Financial Information (Restated)

Megatherm Induction Limited's revenue increased by 41.37% and profit after tax (PAT) rose by 1171.94% 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	21,040.28	19,197.87	17,262.76	14,645.06
Revenue	14,732.31	26,643.84	18,846.92	10,927.03
Profit After Tax	759.34	1,400.41	110.10	309.12
Net Worth	5,821.98	5,062.64	3,662.23	3,512.13
Reserves and Surplus	4,437.11	4,139.39	2,738.98	2,598.88
Total Borrowing	4,480.46	4,282.04	4,038.80	4,327.04
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)

98.92%

99.99%

Promoter Shareholding (Post-Issue)

72.71%

73.35%

P/E Ratio

10.68

18.21

Market Cap

₹203.48 Cr.

₹73.72 Cr.

ROE

27.66%%

50.49%%

ROCE

27.47%%

13.76%%

Debt/Equity

1.67

EPS

₹10.11

₹5.49

RoNW

27.66%%

30.10%%

Shares Offered

In the Megatherm Induction IPO retail investors (RII) are offered 16,59,600 shares while in Qualitek Labs IPO retail investors are offered 16,59,600 shares. Qualified institutional buyers (QIB) are offered 9,48,000 shares in Megatherm Induction IPO and 0 shares in Qualitek Labs IPO.

	Megatherm Induction IPO	Qualitek Labs IPO
Anchor Investor Reserveration	14,22,000 shares
Market Maker Reserveration	2,50,800 shares	99,600 shares
QIB	9,48,000 shares	0 shares
NII	7,11,600 shares	9,32,400 shares
RII	16,59,600 shares	9,32,400 shares
Employee	0 shares	0 shares
Others
Total	33,19,200 shares	18,64,800 shares

Bids Received (Subscription)

Megatherm Induction IPO subscribed 196.11x in total, whereas Qualitek Labs IPO subscribed 58.95x.

	Megatherm Induction IPO	Qualitek Labs IPO
QIB (times)	105.14x
NII (times)	307.04x	69.37x
Big NII (times)
Small NII (times)
RII (times)	200.51x	39.23x
Employee (times)
Other (times)
Total (times)	196.11x	58.95x

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Qualitek Labs IPO	Australian Premium Solar (India) IPO

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