Piotex Industries IPO vs Quest Laboratories IPO

Comparision between Piotex Industries IPO and Quest Laboratories IPO.

IPO Details

Piotex Industries IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Quest Laboratories IPO is a SME Book Built Issue proposed to list at NSE SME.

	Piotex Industries IPO	Quest Laboratories IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Shreni Shares Limited
Registrar	Cameo Corporate Services Limited	Bigshare Services Pvt Ltd
Market Maker	Spread X Securities Private 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 Piotex Industries IPO is up to ₹14.47 Cr whereas the issue size of the Quest Laboratories IPO is up to ₹43.16 Cr. The final issue price of Piotex Industries IPO is ₹94.00 per share and of Quest Laboratories IPO is ₹97.00 per share.

	Piotex Industries 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)	₹94.00 per share	₹97.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1200 shares
Fresh Issue Size	15,39,600 shares	44,49,600 shares
Fresh Issue Size (Amount)	up to ₹14.47 Cr	up to ₹43.16 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	15,39,600 shares	44,49,600 shares
Issue Size Total (Amount)	up to ₹14.47 Cr	up to ₹43.16 Cr

IPO Timetable

Piotex Industries IPO opens on May 10, 2024, while Quest Laboratories IPO opens on May 15, 2024. The closing date of Piotex Industries IPO and Quest Laboratories IPO is May 14, 2024, and May 17, 2024, respectively.

	Piotex Industries IPO	Quest Laboratories IPO
Anchor Bid Date		May 14, 2024
Issue Open	May 10, 2024	May 15, 2024
Issue Close	May 14, 2024	May 17, 2024
Basis Of Allotment (Tentative)	May 15, 2024	May 21, 2024
Initiation of Refunds (Tentative)	May 16, 2024	May 22, 2024
Credit of Share (Tentative)	May 16, 2024	May 22, 2024
Listing date (Tentative)	May 17, 2024	May 23, 2024
Anchor Lockin End date 1		Jun 20, 2024
Anchor Lockin End date 2		Aug 19, 2024

Financials

Piotex Industries IPO P/E ratio is 11.14, as compared to Quest Laboratories IPO P/E ratio of 23.03.

Piotex Industries IPO

Quest Laboratories IPO

Financial

Piotex Industries Limited Financial Information (Restated)

Piotex Industries Limited's revenue increased by 37.23% and profit after tax (PAT) rose by 4.17% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	3,610.59	1,757.68	1,385.47
Revenue	11,893.88	8,667.21	8,046.39
Profit After Tax	300.80	288.75	74.29
Net Worth	897.18	440.07	151.32
Reserves and Surplus	582.47	425.07	136.32
Total Borrowing	445.94	372.30	528.58
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)

100.00%

90.36%

Promoter Shareholding (Post-Issue)

69.83%

65.82%

P/E Ratio

11.14

23.03

Market Cap

₹47.97 Cr.

₹158.96 Cr.

ROE

44.99%%

34.03%%

ROCE

33.20%%

41.86%%

Debt/Equity

0.5

0.2

EPS

₹8.44

₹4.21

RoNW

33.53%%

34.03%%

Shares Offered

In the Piotex Industries IPO retail investors (RII) are offered 7,30,800 shares while in Quest Laboratories IPO retail investors are offered 7,30,800 shares. Qualified institutional buyers (QIB) are offered 0 shares in Piotex Industries IPO and 8,31,600 shares in Quest Laboratories IPO.

	Piotex Industries IPO	Quest Laboratories IPO
Anchor Investor Reserveration		12,36,000 shares
Market Maker Reserveration	78,000 shares	2,28,000 shares
QIB	0 shares	8,31,600 shares
NII	7,30,800 shares	6,55,200 shares
RII	7,30,800 shares	14,98,800 shares
Employee	0 shares	0 shares
Others
Total	14,61,600 shares	29,85,600 shares

Bids Received (Subscription)

Piotex Industries IPO subscribed 107.44x in total, whereas Quest Laboratories IPO subscribed 85.26x.

	Piotex Industries IPO	Quest Laboratories IPO
QIB (times)		57.20x
NII (times)	115.21x	184.10x
Big NII (times)
Small NII (times)
RII (times)	93.33x	57.63x
Employee (times)
Other (times)
Total (times)	107.44x	85.26x

Compare with others

Piotex Industries IPO	Quest Laboratories IPO
GSM Foils IPO	Beacon Trusteeship IPO
Vilas Transcore IPO	GSM Foils IPO
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Rulka Electricals IPO	Hariom Atta & Spices IPO
Quest Laboratories IPO	Rulka Electricals IPO
Veritaas Advertising IPO	Piotex Industries IPO
Indian Emulsifier IPO	Veritaas Advertising IPO
Aztec Fluids & Machinery IPO	Indian Emulsifier IPO
Premier Roadlines IPO	Aztec Fluids & Machinery IPO
Silkflex Polymers IPO	Premier Roadlines IPO

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