Quest Laboratories IPO vs Rulka Electricals IPO

Comparision between Quest Laboratories IPO and Rulka Electricals IPO.

IPO Details

Quest Laboratories IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Rulka Electricals IPO is a SME Book Built Issue proposed to list at NSE SME.

	Quest Laboratories IPO	Rulka Electricals 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	Shreni Shares Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Rikhav Securities Limited	Sunflower Broking Private 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 Quest Laboratories IPO is up to ₹43.16 Cr whereas the issue size of the Rulka Electricals IPO is up to ₹26.40 Cr. The final issue price of Quest Laboratories IPO is ₹97.00 per share and of Rulka Electricals IPO is ₹235.00 per share.

	Quest Laboratories IPO	Rulka Electricals IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹93.00 per share	₹223.00 per share
Issue Price (Upper)	₹97.00 per share	₹235.00 per share
Issue Price (Final)	₹97.00 per share	₹235.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	600 shares
Fresh Issue Size	44,49,600 shares	8,42,400 shares
Fresh Issue Size (Amount)	up to ₹43.16 Cr	up to ₹19.80 Cr
OFS Issue Size		2,80,800 shares
OFS Issue Size (Amount)		up to ₹6.60 Cr
Issue Size Total	44,49,600 shares	11,23,200 shares
Issue Size Total (Amount)	up to ₹43.16 Cr	up to ₹26.40 Cr

IPO Timetable

Quest Laboratories IPO opens on May 15, 2024, while Rulka Electricals IPO opens on May 16, 2024. The closing date of Quest Laboratories IPO and Rulka Electricals IPO is May 17, 2024, and May 21, 2024, respectively.

	Quest Laboratories IPO	Rulka Electricals IPO
Anchor Bid Date	May 14, 2024	May 15, 2024
Issue Open	May 15, 2024	May 16, 2024
Issue Close	May 17, 2024	May 21, 2024
Basis Of Allotment (Tentative)	May 21, 2024	May 22, 2024
Initiation of Refunds (Tentative)	May 22, 2024	May 23, 2024
Credit of Share (Tentative)	May 22, 2024	May 23, 2024
Listing date (Tentative)	May 23, 2024	May 24, 2024
Anchor Lockin End date 1	Jun 20, 2024	Jun 21, 2024
Anchor Lockin End date 2	Aug 19, 2024	Aug 20, 2024

Financials

Quest Laboratories IPO P/E ratio is 23.03, as compared to Rulka Electricals IPO P/E ratio of 28.62.

Quest Laboratories IPO

Rulka Electricals IPO

Financial

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

Rulka Electricals Limited Financial Information (Restated Standalone)

Period Ended	29 Feb 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,082.09	2,826.95	1,919.04	982.41
Revenue	6,527.77	4,689.78	3,627.41	1,960.11
Profit After Tax	565.77	280.52	112.08	53.72
Net Worth	1,290.15	557.33	276.82	164.74
Reserves and Surplus	948.55	546.33	265.82	153.74
Total Borrowing	1,104.89	527.07	281.46	230.99
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

90.36%

86.28%

Promoter Shareholding (Post-Issue)

65.82%

69.22%

P/E Ratio

23.03

28.62

Market Cap

₹158.96 Cr.

₹100.07 Cr.

ROE

34.03%%

61.25%%

ROCE

41.86%%

33.67%%

Debt/Equity

0.2

2.16

EPS

₹4.21

₹8.21

RoNW

34.03%%

43.85%%

Shares Offered

In the Quest Laboratories IPO retail investors (RII) are offered 14,98,800 shares while in Rulka Electricals IPO retail investors are offered 14,98,800 shares. Qualified institutional buyers (QIB) are offered 8,31,600 shares in Quest Laboratories IPO and 2,13,600 shares in Rulka Electricals IPO.

	Quest Laboratories IPO	Rulka Electricals IPO
Anchor Investor Reserveration	12,36,000 shares	3,19,200 shares
Market Maker Reserveration	2,28,000 shares	56,400 shares
QIB	8,31,600 shares	2,13,600 shares
NII	6,55,200 shares	1,60,200 shares
RII	14,98,800 shares	3,73,800 shares
Employee	0 shares	0 shares
Others
Total	29,85,600 shares	7,47,600 shares

Bids Received (Subscription)

Quest Laboratories IPO subscribed 85.26x in total, whereas Rulka Electricals IPO subscribed 676.83x.

	Quest Laboratories IPO	Rulka Electricals IPO
QIB (times)	57.20x	204.22x
NII (times)	184.10x	1,350.15x
Big NII (times)
Small NII (times)
RII (times)	57.63x	658.32x
Employee (times)
Other (times)
Total (times)	85.26x	676.83x

Compare with others

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Rulka Electricals IPO	Hariom Atta & Spices IPO
Piotex Industries IPO	Quest Laboratories IPO
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Indian Emulsifier IPO	Veritaas Advertising IPO
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