Baweja Studios IPO vs Qualitek Labs IPO

Comparision between Baweja Studios IPO and Qualitek Labs IPO.

IPO Details

Baweja Studios IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Qualitek Labs IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Baweja Studios IPO	Qualitek Labs IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Fedex Securities Pvt Ltd	Oneview Corporate Advisors Private Limited
Registrar	Skyline Financial Services Private Ltd	Skyline Financial Services Private Ltd
Market Maker	Nnm Securities Private Limited	Nikunj Stock Brokers 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 Baweja Studios IPO is up to ₹97.20 Cr whereas the issue size of the Qualitek Labs IPO is up to ₹19.64 Cr. The final issue price of Baweja Studios IPO is ₹180.00 per share and of Qualitek Labs IPO is ₹100.00 per share.

	Baweja Studios IPO	Qualitek Labs IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹170.00 per share
Issue Price (Upper)	₹180.00 per share
Issue Price (Final)	₹180.00 per share	₹100.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	800 shares	1200 shares
Fresh Issue Size	40,00,000 shares	19,64,400 shares
Fresh Issue Size (Amount)	up to ₹72.00 Cr	up to ₹19.64 Cr
OFS Issue Size	14,00,000 shares
OFS Issue Size (Amount)	up to ₹25.20 Cr
Issue Size Total	54,00,000 shares	19,64,400 shares
Issue Size Total (Amount)	up to ₹97.20 Cr	up to ₹19.64 Cr

IPO Timetable

Baweja Studios IPO opens on Jan 29, 2024, while Qualitek Labs IPO opens on Jan 18, 2024. The closing date of Baweja Studios IPO and Qualitek Labs IPO is Feb 01, 2024, and Jan 23, 2024, respectively.

	Baweja Studios IPO	Qualitek Labs IPO
Anchor Bid Date	Jan 25, 2024
Issue Open	Jan 29, 2024	Jan 18, 2024
Issue Close	Feb 01, 2024	Jan 23, 2024
Basis Of Allotment (Tentative)	Feb 02, 2024	Jan 24, 2024
Initiation of Refunds (Tentative)	Feb 05, 2024	Jan 25, 2024
Credit of Share (Tentative)	Feb 05, 2024	Jan 25, 2024
Listing date (Tentative)	Feb 06, 2024	Jan 29, 2024
Anchor Lockin End date 1	Mar 03, 2024	Feb 23, 2024
Anchor Lockin End date 2	May 02, 2024	Apr 23, 2024

Financials

Baweja Studios IPO P/E ratio is 32.59, as compared to Qualitek Labs IPO P/E ratio of 18.21.

Baweja Studios IPO

Qualitek Labs IPO

Financial

Baweja Studios Limited Financial Information (Restated)

Baweja Studios Limited's revenue increased by 86.2% and profit after tax (PAT) rose by 188.8% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,202.57	4,489.98	3,056.03	3,223.67
Revenue	3,890.11	7,628.31	4,096.79	1,954.11
Profit After Tax	435.33	796.91	275.94	764.60
Net Worth	2,422.07	1,986.28	724.07	448.13
Reserves and Surplus	979.37	543.58	181.07	445.13
Total Borrowing	810.91	142.38	266.86	179.60
Amount in ₹ Lakhs

Qualitek Labs Limited Financial Information (Restated Standalone)

Qualitek Labs Limited's revenue increased by 61.03% and profit after tax (PAT) rose by 161.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,409.68	3,955.61	2,219.86	1,459.88
Revenue	1,250.74	1,935.13	1,201.73	637.44
Profit After Tax	200.93	296.91	113.57	46.11
Net Worth	1,187.46	986.52	189.61	-22.96
Reserves and Surplus	646.71	445.77	143.61	-23.96
Total Borrowing	2,499.59	2,344.67	1,728.68	1,121.82
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99%

Promoter Shareholding (Post-Issue)

73.35%

P/E Ratio

32.59

18.21

Market Cap

₹331.69 Cr.

₹73.72 Cr.

ROE

40.12%%

50.49%%

ROCE

52.55%%

13.76%%

Debt/Equity

0.07

EPS

₹5.52

₹5.49

RoNW

40.12%%

30.10%%

Shares Offered

In the Baweja Studios IPO retail investors (RII) are offered 22,84,000 shares while in Qualitek Labs IPO retail investors are offered 22,84,000 shares. Qualified institutional buyers (QIB) are offered 2,17,600 shares in Baweja Studios IPO and 0 shares in Qualitek Labs IPO.

	Baweja Studios IPO	Qualitek Labs IPO
Anchor Investor Reserveration	3,26,400 shares
Market Maker Reserveration	2,88,000 shares	99,600 shares
QIB	2,17,600 shares	0 shares
NII	22,84,000 shares	9,32,400 shares
RII	22,84,000 shares	9,32,400 shares
Employee	0 shares	0 shares
Others
Total	47,85,600 shares	18,64,800 shares

Bids Received (Subscription)

Baweja Studios IPO subscribed 2.62x in total, whereas Qualitek Labs IPO subscribed 58.95x.

	Baweja Studios IPO	Qualitek Labs IPO
QIB (times)	2.17x
NII (times)	1.08x	69.37x
Big NII (times)
Small NII (times)
RII (times)	4.20x	39.23x
Employee (times)
Other (times)
Total (times)	2.62x	58.95x

Compare with others

Baweja Studios IPO	Qualitek Labs IPO
Mayank Cattle Food IPO	Megatherm Induction IPO
Docmode Health Technologies IPO	DelaPlex IPO
Harshdeep Hortico IPO	Baweja Studios IPO
Megatherm Induction IPO	Fonebook IPO
DelaPlex IPO	Brisk Technovision IPO
Fonebook IPO	Euphoria Infotech India IPO
Brisk Technovision IPO	Konstelec Engineers IPO
Qualitek Labs IPO	Maxposure IPO
Euphoria Infotech India IPO	Shree Marutinandan Tubes IPO
Konstelec Engineers IPO	Australian Premium Solar (India) IPO

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