Quest Laboratories IPO vs Veritaas Advertising IPO

Comparision between Quest Laboratories IPO and Veritaas Advertising IPO.

IPO Details

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

	Quest Laboratories IPO	Veritaas Advertising 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	Horizon Management Private Limited
Registrar	Bigshare Services Pvt Ltd	Mas Services Limited
Market Maker	Rikhav Securities Limited	Horizon Financial Consultants Pvt. Ltd.
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 Veritaas Advertising IPO is up to ₹8.48 Cr. The final issue price of Quest Laboratories IPO is ₹97.00 per share and of Veritaas Advertising IPO is ₹114.00 per share.

	Quest Laboratories IPO	Veritaas Advertising IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹93.00 per share	₹109.00 per share
Issue Price (Upper)	₹97.00 per share	₹114.00 per share
Issue Price (Final)	₹97.00 per share	₹114.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1200 shares
Fresh Issue Size	44,49,600 shares	7,44,000 shares
Fresh Issue Size (Amount)	up to ₹43.16 Cr	up to ₹8.48 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	44,49,600 shares	7,44,000 shares
Issue Size Total (Amount)	up to ₹43.16 Cr	up to ₹8.48 Cr

IPO Timetable

Quest Laboratories IPO opens on May 15, 2024, while Veritaas Advertising IPO opens on May 13, 2024. The closing date of Quest Laboratories IPO and Veritaas Advertising IPO is May 17, 2024, and May 15, 2024, respectively.

	Quest Laboratories IPO	Veritaas Advertising IPO
Anchor Bid Date	May 14, 2024	May 10, 2024
Issue Open	May 15, 2024	May 13, 2024
Issue Close	May 17, 2024	May 15, 2024
Basis Of Allotment (Tentative)	May 21, 2024	May 16, 2024
Initiation of Refunds (Tentative)	May 22, 2024	May 17, 2024
Credit of Share (Tentative)	May 22, 2024	May 17, 2024
Listing date (Tentative)	May 23, 2024	May 21, 2024
Anchor Lockin End date 1	Jun 20, 2024	Jun 15, 2024
Anchor Lockin End date 2	Aug 19, 2024	Aug 14, 2024

Financials

Quest Laboratories IPO P/E ratio is 23.03, as compared to Veritaas Advertising IPO P/E ratio of 54.

Quest Laboratories IPO

Veritaas Advertising 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

Veritaas Advertising Limited Financial Information (Restated)

Period Ended	10 Feb 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	926.51	530.58	269.00	152.32
Revenue	786.75	786.75	339.22	234.21
Profit After Tax	156.79	43.89	12.58	19.72
Net Worth	354.39	89.60	45.71	25.13
Reserves and Surplus	146.49	80.60	36.71	24.13
Total Borrowing	228.17	134.03	74.73
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

90.36%

88.74%

Promoter Shareholding (Post-Issue)

65.82%

88.74%

P/E Ratio

23.03

Market Cap

₹158.96 Cr.

₹32.18 Cr.

ROE

34.03%%

44.24%%

ROCE

41.86%%

39.65%%

Debt/Equity

0.2

0.64

EPS

₹4.21

₹2.11

RoNW

34.03%%

44.23%%

Shares Offered

In the Quest Laboratories IPO retail investors (RII) are offered 14,98,800 shares while in Veritaas Advertising IPO retail investors are offered 14,98,800 shares. Qualified institutional buyers (QIB) are offered 8,31,600 shares in Quest Laboratories IPO and 1,77,600 shares in Veritaas Advertising IPO.

	Quest Laboratories IPO	Veritaas Advertising IPO
Anchor Investor Reserveration	12,36,000 shares	1,74,000 shares
Market Maker Reserveration	2,28,000 shares	37,200 shares
QIB	8,31,600 shares	1,77,600 shares
NII	6,55,200 shares	1,06,800 shares
RII	14,98,800 shares	2,48,400 shares
Employee	0 shares	0 shares
Others
Total	29,85,600 shares	5,32,800 shares

Bids Received (Subscription)

Quest Laboratories IPO subscribed 85.26x in total, whereas Veritaas Advertising IPO subscribed 621.62x.

	Quest Laboratories IPO	Veritaas Advertising IPO
QIB (times)	57.20x	102.41x
NII (times)	184.10x	629.56x
Big NII (times)
Small NII (times)
RII (times)	57.63x	989.44x
Employee (times)
Other (times)
Total (times)	85.26x	621.62x

Compare with others

Quest Laboratories IPO	Veritaas Advertising IPO
Beacon Trusteeship IPO	Vilas Transcore IPO
GSM Foils IPO	Hariom Atta & Spices IPO
Vilas Transcore IPO	Rulka Electricals IPO
Hariom Atta & Spices IPO	Quest Laboratories IPO
Rulka Electricals IPO	Piotex Industries 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	Energy Mission Machineries IPO

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