DelaPlex IPO vs Qualitek Labs IPO

Comparision between DelaPlex IPO and Qualitek Labs IPO.

IPO Details

DelaPlex 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.

	DelaPlex 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	Shreni Shares Limited	Oneview Corporate Advisors Private Limited
Registrar	Bigshare Services Pvt Ltd	Skyline Financial Services Private Ltd
Market Maker	Shreni Shares 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 DelaPlex IPO is up to ₹46.08 Cr whereas the issue size of the Qualitek Labs IPO is up to ₹19.64 Cr. The final issue price of DelaPlex IPO is ₹192.00 per share and of Qualitek Labs IPO is ₹100.00 per share.

	DelaPlex IPO	Qualitek Labs IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹186.00 per share
Issue Price (Upper)	₹192.00 per share
Issue Price (Final)	₹192.00 per share	₹100.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	600 shares	1200 shares
Fresh Issue Size	18,00,000 shares	19,64,400 shares
Fresh Issue Size (Amount)	up to ₹34.56 Cr	up to ₹19.64 Cr
OFS Issue Size	6,00,000 shares
OFS Issue Size (Amount)	up to ₹11.52 Cr
Issue Size Total	24,00,000 shares	19,64,400 shares
Issue Size Total (Amount)	up to ₹46.08 Cr	up to ₹19.64 Cr

IPO Timetable

DelaPlex IPO opens on Jan 25, 2024, while Qualitek Labs IPO opens on Jan 18, 2024. The closing date of DelaPlex IPO and Qualitek Labs IPO is Jan 30, 2024, and Jan 23, 2024, respectively.

	DelaPlex IPO	Qualitek Labs IPO
Anchor Bid Date	Jan 24, 2024
Issue Open	Jan 25, 2024	Jan 18, 2024
Issue Close	Jan 30, 2024	Jan 23, 2024
Basis Of Allotment (Tentative)	Jan 31, 2024	Jan 24, 2024
Initiation of Refunds (Tentative)	Jan 31, 2024	Jan 25, 2024
Credit of Share (Tentative)	Feb 01, 2024	Jan 25, 2024
Listing date (Tentative)	Feb 02, 2024	Jan 29, 2024
Anchor Lockin End date 1	Mar 01, 2024	Feb 23, 2024
Anchor Lockin End date 2	Apr 30, 2024	Apr 23, 2024

Financials

DelaPlex IPO P/E ratio is 17.75, as compared to Qualitek Labs IPO P/E ratio of 18.21.

DelaPlex IPO

Qualitek Labs IPO

Financial

DelaPlex Limited Financial Information (Restated)

DelaPlex Limited's revenue increased by 9.69% and profit after tax (PAT) rose by 29.23% 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	3,185.45	2,638.33	1,790.90	1,100.77
Revenue	2,814.28	5,521.81	5,034.06	3,633.30
Profit After Tax	425.53	790.72	611.87	404.00
Net Worth	2,775.58	2,350.05	1,559.32	947.45
Reserves and Surplus	2,774.58	2,349.05	1,558.32	946.45
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)

100%

99.99%

Promoter Shareholding (Post-Issue)

73.66%

73.35%

P/E Ratio

17.75

18.21

Market Cap

₹174.91 Cr.

₹73.72 Cr.

ROE

40.45%%

50.49%%

ROCE

56.73%%

13.76%%

Debt/Equity

EPS

₹10.82

₹5.49

RoNW

56.73%%

30.10%%

Shares Offered

In the DelaPlex IPO retail investors (RII) are offered 7,97,400 shares while in Qualitek Labs IPO retail investors are offered 7,97,400 shares. Qualified institutional buyers (QIB) are offered 4,55,400 shares in DelaPlex IPO and 0 shares in Qualitek Labs IPO.

	DelaPlex IPO	Qualitek Labs IPO
Anchor Investor Reserveration	6,82,800 shares
Market Maker Reserveration	1,22,400 shares	99,600 shares
QIB	4,55,400 shares	0 shares
NII	3,42,000 shares	9,32,400 shares
RII	7,97,400 shares	9,32,400 shares
Employee	0 shares	0 shares
Others
Total	15,94,800 shares	18,64,800 shares

Bids Received (Subscription)

DelaPlex IPO subscribed 177.80x in total, whereas Qualitek Labs IPO subscribed 58.95x.

	DelaPlex IPO	Qualitek Labs IPO
QIB (times)	90.91x
NII (times)	335.23x	69.37x
Big NII (times)
Small NII (times)
RII (times)	159.91x	39.23x
Employee (times)
Other (times)
Total (times)	177.80x	58.95x

Compare with others

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Gabriel Pet Straps IPO	Megatherm Induction IPO
Mayank Cattle Food IPO	DelaPlex IPO
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Fonebook IPO	Konstelec Engineers IPO
Brisk Technovision IPO	Maxposure IPO
Qualitek Labs IPO	Shree Marutinandan Tubes IPO
Euphoria Infotech India IPO	Australian Premium Solar (India) IPO

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