Premier Roadlines IPO vs Quest Laboratories IPO

Comparision between Premier Roadlines IPO and Quest Laboratories IPO.

IPO Details

Premier Roadlines 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.

	Premier Roadlines IPO	Quest Laboratories IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Hem Securities Limited	Shreni Shares Limited
Registrar	Maashitla Securities Private Limited	Bigshare Services Pvt Ltd
Market Maker	Hem Finlease Private Limited	Rikhav Securities Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Premier Roadlines IPO is up to ₹40.36 Cr whereas the issue size of the Quest Laboratories IPO is up to ₹43.16 Cr. The final issue price of Premier Roadlines IPO is ₹67.00 per share and of Quest Laboratories IPO is ₹97.00 per share.

	Premier Roadlines IPO	Quest Laboratories IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹63.00 per share	₹93.00 per share
Issue Price (Upper)	₹67.00 per share	₹97.00 per share
Issue Price (Final)	₹67.00 per share	₹97.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1200 shares
Fresh Issue Size	60,24,000 shares	44,49,600 shares
Fresh Issue Size (Amount)	up to ₹40.36 Cr	up to ₹43.16 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	60,24,000 shares	44,49,600 shares
Issue Size Total (Amount)	up to ₹40.36 Cr	up to ₹43.16 Cr

IPO Timetable

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

	Premier Roadlines IPO	Quest Laboratories IPO
Anchor Bid Date	May 09, 2024	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 14, 2024	Jun 20, 2024
Anchor Lockin End date 2	Aug 13, 2024	Aug 19, 2024

Financials

Premier Roadlines IPO P/E ratio is 15.7, as compared to Quest Laboratories IPO P/E ratio of 23.03.

Premier Roadlines IPO

Quest Laboratories IPO

Financial

Premier Roadlines Limited Financial Information (Restated Standalone)

Period Ended	31 Jan 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	8,699.12	7,410.76	5,144.62	4,578.82
Revenue	17,420.71	19,205.60	13,868.81	9,415.78
Profit After Tax	874.67	718.50	388.60	155.39
Net Worth	3,577.83	2,703.17	1,984.67	1,596.07
Reserves and Surplus	1,893.98	2,550.09	1,831.59	1,442.99
Total Borrowing	3,707.93	3,677.26	2,354.82	2,379.01
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)

73.65%

65.82%

P/E Ratio

15.7

23.03

Market Cap

₹153.18 Cr.

₹158.96 Cr.

ROE

27.85%%

34.03%%

ROCE

20.05%%

41.86%%

Debt/Equity

1.04

0.2

EPS

₹4.27

₹4.21

RoNW

24.45%%

34.03%%

Shares Offered

In the Premier Roadlines IPO retail investors (RII) are offered 20,04,000 shares while in Quest Laboratories IPO retail investors are offered 20,04,000 shares. Qualified institutional buyers (QIB) are offered 11,44,000 shares in Premier Roadlines IPO and 8,31,600 shares in Quest Laboratories IPO.

	Premier Roadlines IPO	Quest Laboratories IPO
Anchor Investor Reserveration	17,14,000 shares	12,36,000 shares
Market Maker Reserveration	3,04,000 shares	2,28,000 shares
QIB	11,44,000 shares	8,31,600 shares
NII	8,58,000 shares	6,55,200 shares
RII	20,04,000 shares	14,98,800 shares
Employee	0 shares	0 shares
Others
Total	40,06,000 shares	29,85,600 shares

Bids Received (Subscription)

Premier Roadlines IPO subscribed 117.57x in total, whereas Quest Laboratories IPO subscribed 85.26x.

	Premier Roadlines IPO	Quest Laboratories IPO
QIB (times)	89.95x	57.20x
NII (times)	180.25x	184.10x
Big NII (times)
Small NII (times)
RII (times)	106.50x	57.63x
Employee (times)
Other (times)
Total (times)	117.57x	85.26x

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