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GSM Foils IPO vs Quest Laboratories IPO

Comparision between GSM Foils IPO and Quest Laboratories IPO.

IPO Details

GSM Foils 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.

  GSM Foils IPO Quest Laboratories IPO
Logo GSM Foils IPO Logo Quest Laboratories IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Book Built Issue
Listing At NSE SME NSE SME
Lead Managers Shreni Shares Limited Shreni Shares Limited
Registrar Bigshare Services Pvt Ltd Bigshare Services Pvt Ltd
Market Maker Shreni Shares Limited Rikhav Securities 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 GSM Foils IPO is up to ₹11.01 Cr whereas the issue size of the Quest Laboratories IPO is up to ₹43.16 Cr. The final issue price of GSM Foils IPO is ₹32.00 per share and of Quest Laboratories IPO is ₹97.00 per share.

  GSM Foils IPO Quest Laboratories IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹93.00 per share
Issue Price (Upper) ₹97.00 per share
Issue Price (Final) ₹32.00 per share ₹97.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 4000 shares 1200 shares
Fresh Issue Size 34,40,000 shares 44,49,600 shares
Fresh Issue Size (Amount) up to ₹11.01 Cr up to ₹43.16 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 34,40,000 shares 44,49,600 shares
Issue Size Total (Amount) up to ₹11.01 Cr up to ₹43.16 Cr

IPO Timetable

GSM Foils IPO opens on May 24, 2024, while Quest Laboratories IPO opens on May 15, 2024. The closing date of GSM Foils IPO and Quest Laboratories IPO is May 28, 2024, and May 17, 2024, respectively.

  GSM Foils IPO Quest Laboratories IPO
Anchor Bid Date May 14, 2024
Issue Open May 24, 2024 May 15, 2024
Issue Close May 28, 2024 May 17, 2024
Basis Of Allotment (Tentative) May 29, 2024 May 21, 2024
Initiation of Refunds (Tentative) May 30, 2024 May 22, 2024
Credit of Share (Tentative) May 30, 2024 May 22, 2024
Listing date (Tentative) May 31, 2024 May 23, 2024
Anchor Lockin End date 1 Jun 20, 2024
Anchor Lockin End date 2 Aug 19, 2024

Financials

GSM Foils IPO P/E ratio is 20.98, as compared to Quest Laboratories IPO P/E ratio of 23.03.

  GSM Foils IPO Quest Laboratories IPO
Financial

GSM Foils Limited Financial Information (Restated)

GSM Foils Limited's revenue decreased by -8.3% and profit after tax (PAT) rose by 124.62% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,208.181,438.181,050.65720.57
Revenue2,717.876,588.697,185.043,646.23
Profit After Tax124.79142.9763.6533.93
Net Worth126.99835.73659.06657.82
Reserves and Surplus124.79
Total Borrowing1,412.95242.43219.20
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 Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,869.094,664.723,479.861,839.63
Revenue6,217.836,186.605,954.203,043.55
Profit After Tax774.93502.85410.5065.50
Net Worth2,277.151,502.21999.38588.84
Reserves and Surplus1,198.391,394.33891.50480.96
Total Borrowing460.66409.69312.54304.03
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 99.99% 90.36%
Promoter Shareholding (Post-Issue) 73.14% 65.82%
P/E Ratio 20.98 23.03
Market Cap ₹41.00 Cr. ₹158.96 Cr.
ROE 23.62%% 34.03%%
ROCE 1.60%% 41.86%%
Debt/Equity 11.13 0.2
EPS ₹1.53 ₹4.21
RoNW 98.27%% 34.03%%

Shares Offered

In the GSM Foils IPO retail investors (RII) are offered 16,32,000 shares while in Quest Laboratories IPO retail investors are offered 16,32,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in GSM Foils IPO and 8,31,600 shares in Quest Laboratories IPO.

  GSM Foils IPO Quest Laboratories IPO
Anchor Investor Reserveration 12,36,000 shares
Market Maker Reserveration 1,76,000 shares 2,28,000 shares
QIB 0 shares 8,31,600 shares
NII 16,32,000 shares 6,55,200 shares
RII 16,32,000 shares 14,98,800 shares
Employee 0 shares 0 shares
Others
Total 32,64,000 shares 29,85,600 shares

Bids Received (Subscription)

GSM Foils IPO subscribed 257.30x in total, whereas Quest Laboratories IPO subscribed 85.26x.

  GSM Foils IPO Quest Laboratories IPO
QIB (times) 57.20x
NII (times) 259.51x 184.10x
Big NII (times)
Small NII (times)
RII (times) 247.10x 57.63x
Employee (times)
Other (times)
Total (times) 257.30x 85.26x

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