GSM Foils IPO vs Quest Laboratories IPO

Comparision between GSM Foils IPO and Quest Laboratories IPO.

IPO Details

GSM Foils 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.

	GSM Foils IPO	Quest Laboratories IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Shreni Shares Limited	Shreni Shares Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Shreni Shares Limited	Rikhav Securities 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 GSM Foils IPO is up to ₹11.01 Cr whereas the issue size of the Quest Laboratories IPO is up to ₹43.16 Cr. The final issue price of GSM Foils IPO is ₹32.00 per share and of Quest Laboratories IPO is ₹97.00 per share.

	GSM Foils IPO	Quest Laboratories IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹93.00 per share
Issue Price (Upper)		₹97.00 per share
Issue Price (Final)	₹32.00 per share	₹97.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	1200 shares
Fresh Issue Size	34,40,000 shares	44,49,600 shares
Fresh Issue Size (Amount)	up to ₹11.01 Cr	up to ₹43.16 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	34,40,000 shares	44,49,600 shares
Issue Size Total (Amount)	up to ₹11.01 Cr	up to ₹43.16 Cr

IPO Timetable

GSM Foils IPO opens on May 24, 2024, while Quest Laboratories IPO opens on May 15, 2024. The closing date of GSM Foils IPO and Quest Laboratories IPO is May 28, 2024, and May 17, 2024, respectively.

	GSM Foils IPO	Quest Laboratories IPO
Anchor Bid Date		May 14, 2024
Issue Open	May 24, 2024	May 15, 2024
Issue Close	May 28, 2024	May 17, 2024
Basis Of Allotment (Tentative)	May 29, 2024	May 21, 2024
Initiation of Refunds (Tentative)	May 30, 2024	May 22, 2024
Credit of Share (Tentative)	May 30, 2024	May 22, 2024
Listing date (Tentative)	May 31, 2024	May 23, 2024
Anchor Lockin End date 1		Jun 20, 2024
Anchor Lockin End date 2		Aug 19, 2024

Financials

GSM Foils IPO P/E ratio is 20.98, as compared to Quest Laboratories IPO P/E ratio of 23.03.

GSM Foils IPO

Quest Laboratories IPO

Financial

GSM Foils Limited Financial Information (Restated)

GSM Foils Limited's revenue decreased by -8.3% and profit after tax (PAT) rose by 124.62% 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	2,208.18	1,438.18	1,050.65	720.57
Revenue	2,717.87	6,588.69	7,185.04	3,646.23
Profit After Tax	124.79	142.97	63.65	33.93
Net Worth	126.99	835.73	659.06	657.82
Reserves and Surplus	124.79
Total Borrowing	1,412.95	242.43	219.20
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)

99.99%

90.36%

Promoter Shareholding (Post-Issue)

73.14%

65.82%

P/E Ratio

20.98

23.03

Market Cap

₹41.00 Cr.

₹158.96 Cr.

ROE

23.62%%

34.03%%

ROCE

1.60%%

41.86%%

Debt/Equity

11.13

0.2

EPS

₹1.53

₹4.21

RoNW

98.27%%

34.03%%

Shares Offered

In the GSM Foils IPO retail investors (RII) are offered 16,32,000 shares while in Quest Laboratories IPO retail investors are offered 16,32,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in GSM Foils IPO and 8,31,600 shares in Quest Laboratories IPO.

	GSM Foils IPO	Quest Laboratories IPO
Anchor Investor Reserveration		12,36,000 shares
Market Maker Reserveration	1,76,000 shares	2,28,000 shares
QIB	0 shares	8,31,600 shares
NII	16,32,000 shares	6,55,200 shares
RII	16,32,000 shares	14,98,800 shares
Employee	0 shares	0 shares
Others
Total	32,64,000 shares	29,85,600 shares

Bids Received (Subscription)

GSM Foils IPO subscribed 257.30x in total, whereas Quest Laboratories IPO subscribed 85.26x.

	GSM Foils IPO	Quest Laboratories IPO
QIB (times)		57.20x
NII (times)	259.51x	184.10x
Big NII (times)
Small NII (times)
RII (times)	247.10x	57.63x
Employee (times)
Other (times)
Total (times)	257.30x	85.26x

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