Qualitek Labs IPO vs Shree Marutinandan Tubes IPO

Comparision between Qualitek Labs IPO and Shree Marutinandan Tubes IPO.

IPO Details

Qualitek Labs IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Shree Marutinandan Tubes IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Qualitek Labs IPO	Shree Marutinandan Tubes IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Oneview Corporate Advisors Pvt. Ltd.	Swastika Investmart Ltd
Registrar	Skyline Financial Services Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Nikunj Stock Brokers Limited	Swastika Investmart Limited
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 Qualitek Labs IPO is up to ₹19.64 Cr whereas the issue size of the Shree Marutinandan Tubes IPO is up to ₹14.30 Cr. The final issue price of Qualitek Labs IPO is ₹100.00 per share and of Shree Marutinandan Tubes IPO is ₹143.00 per share.

	Qualitek Labs IPO	Shree Marutinandan Tubes IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹100.00 per share	₹143.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1000 shares
Fresh Issue Size	19,64,400 shares	10,00,000 shares
Fresh Issue Size (Amount)	up to ₹19.64 Cr	up to ₹14.30 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	19,64,400 shares	10,00,000 shares
Issue Size Total (Amount)	up to ₹19.64 Cr	up to ₹14.30 Cr

IPO Timetable

Qualitek Labs IPO opens on Jan 18, 2024, while Shree Marutinandan Tubes IPO opens on Jan 12, 2024. The closing date of Qualitek Labs IPO and Shree Marutinandan Tubes IPO is Jan 23, 2024, and Jan 16, 2024, respectively.

	Qualitek Labs IPO	Shree Marutinandan Tubes IPO
Anchor Bid Date
Issue Open	Jan 18, 2024	Jan 12, 2024
Issue Close	Jan 23, 2024	Jan 16, 2024
Basis Of Allotment (Tentative)	Jan 24, 2024	Jan 17, 2024
Initiation of Refunds (Tentative)	Jan 25, 2024	Jan 18, 2024
Credit of Share (Tentative)	Jan 25, 2024	Jan 18, 2024
Listing date (Tentative)	Jan 29, 2024	Jan 19, 2024
Anchor Lockin End date 1	Feb 23, 2024	Feb 16, 2024
Anchor Lockin End date 2	Apr 23, 2024	Apr 16, 2024

Financials

Qualitek Labs IPO P/E ratio is 18.21, as compared to Shree Marutinandan Tubes IPO P/E ratio of 17.44.

Qualitek Labs IPO

Shree Marutinandan Tubes IPO

Financial

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

Shree Marutinandan Tubes Limited Financial Information (Restated)

Shree Marutinandan Tubes Limited's revenue increased by 0.09% and profit after tax (PAT) rose by 3257.07% 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	2,234.29	1,617.60	1,284.83	1,301.03
Revenue	4,284.64	4,722.58	4,718.49	3,597.28
Profit After Tax	141.99	201.76	6.01	13.30
Net Worth	409.70	267.74	65.98	59.98
Reserves and Surplus	163.73	247.24	45.48	39.48
Total Borrowing	607.28	716.90	688.89	795.31
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99%

82.00%

Promoter Shareholding (Post-Issue)

73.35%

58.30%

P/E Ratio

18.21

17.44

Market Cap

₹73.72 Cr.

₹49.48 Cr.

ROE

50.49%%

120.91%%

ROCE

13.76%%

78.52%%

Debt/Equity

2.68

EPS

₹5.49

₹8.20

RoNW

30.10%%

75.36%%

Shares Offered

In the Qualitek Labs IPO retail investors (RII) are offered 9,32,400 shares while in Shree Marutinandan Tubes IPO retail investors are offered 9,32,400 shares. Qualified institutional buyers (QIB) are offered 0 shares in Qualitek Labs IPO and 0 shares in Shree Marutinandan Tubes IPO.

	Qualitek Labs IPO	Shree Marutinandan Tubes IPO
Anchor Investor Reserveration
Market Maker Reserveration	99,600 shares	50,000 shares
QIB	0 shares	0 shares
NII	9,32,400 shares	4,75,000 shares
RII	9,32,400 shares	4,75,000 shares
Employee	0 shares	0 shares
Others
Total	18,64,800 shares	9,50,000 shares

Bids Received (Subscription)

Qualitek Labs IPO subscribed 58.95x in total, whereas Shree Marutinandan Tubes IPO subscribed 47.16x.

	Qualitek Labs IPO	Shree Marutinandan Tubes IPO
QIB (times)
NII (times)	69.37x	32.67x
Big NII (times)
Small NII (times)
RII (times)	39.23x	59.71x
Employee (times)
Other (times)
Total (times)	58.95x	47.16x

Compare with others

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Megatherm Induction IPO	Brisk Technovision IPO
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Euphoria Infotech India IPO	Australian Premium Solar (India) IPO
Konstelec Engineers IPO	Lawsikho IPO
Maxposure IPO	IBL Finance IPO
Shree Marutinandan Tubes IPO	New Swan Multitech IPO
Australian Premium Solar (India) IPO	Kaushalya Logistics IPO

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