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Megatherm Induction IPO vs Qualitek Labs IPO

Comparision between Megatherm Induction IPO and Qualitek Labs IPO.

IPO Details

Megatherm Induction 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.

  Megatherm Induction IPO Qualitek Labs IPO
Logo Megatherm Induction IPO Logo 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 Hem Securities Limited Oneview Corporate Advisors Pvt. Ltd.
Registrar Bigshare Services Pvt Ltd Skyline Financial Services Private Ltd
Market Maker Hem Finlease 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 Megatherm Induction IPO is up to ₹53.91 Cr whereas the issue size of the Qualitek Labs IPO is up to ₹19.64 Cr. The final issue price of Megatherm Induction IPO is ₹108.00 per share and of Qualitek Labs IPO is ₹100.00 per share.

  Megatherm Induction IPO Qualitek Labs IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹100.00 per share
Issue Price (Upper) ₹108.00 per share
Issue Price (Final) ₹108.00 per share ₹100.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1200 shares 1200 shares
Fresh Issue Size 49,92,000 shares 19,64,400 shares
Fresh Issue Size (Amount) up to ₹53.91 Cr up to ₹19.64 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 49,92,000 shares 19,64,400 shares
Issue Size Total (Amount) up to ₹53.91 Cr up to ₹19.64 Cr

IPO Timetable

Megatherm Induction IPO opens on Jan 29, 2024, while Qualitek Labs IPO opens on Jan 18, 2024. The closing date of Megatherm Induction IPO and Qualitek Labs IPO is Jan 31, 2024, and Jan 23, 2024, respectively.

  Megatherm Induction IPO Qualitek Labs IPO
Anchor Bid Date Jan 25, 2024
Issue Open Jan 29, 2024 Jan 18, 2024
Issue Close Jan 31, 2024 Jan 23, 2024
Basis Of Allotment (Tentative) Feb 01, 2024 Jan 24, 2024
Initiation of Refunds (Tentative) Feb 02, 2024 Jan 25, 2024
Credit of Share (Tentative) Feb 02, 2024 Jan 25, 2024
Listing date (Tentative) Feb 05, 2024 Jan 29, 2024
Anchor Lockin End date 1 Mar 02, 2024 Feb 23, 2024
Anchor Lockin End date 2 May 01, 2024 Apr 23, 2024

Financials

Megatherm Induction IPO P/E ratio is 10.68, as compared to Qualitek Labs IPO P/E ratio of 18.21.

  Megatherm Induction IPO Qualitek Labs IPO
Financial

Megatherm Induction Limited Financial Information (Restated)

Megatherm Induction Limited's revenue increased by 41.37% and profit after tax (PAT) rose by 1171.94% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets21,040.2819,197.8717,262.7614,645.06
Revenue14,732.3126,643.8418,846.9210,927.03
Profit After Tax759.341,400.41110.10309.12
Net Worth5,821.985,062.643,662.233,512.13
Reserves and Surplus4,437.114,139.392,738.982,598.88
Total Borrowing4,480.464,282.044,038.804,327.04
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 Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets4,409.683,955.612,219.861,459.88
Revenue1,250.741,935.131,201.73637.44
Profit After Tax200.93296.91113.5746.11
Net Worth1,187.46986.52189.61-22.96
Reserves and Surplus646.71445.77143.61-23.96
Total Borrowing2,499.592,344.671,728.681,121.82
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 98.92% 99.99%
Promoter Shareholding (Post-Issue) 72.71% 73.35%
P/E Ratio 10.68 18.21
Market Cap ₹203.48 Cr. ₹73.72 Cr.
ROE 27.66%% 50.49%%
ROCE 27.47%% 13.76%%
Debt/Equity 1.67
EPS ₹10.11 ₹5.49
RoNW 27.66%% 30.10%%

Shares Offered

In the Megatherm Induction IPO retail investors (RII) are offered 16,59,600 shares while in Qualitek Labs IPO retail investors are offered 16,59,600 shares. Qualified institutional buyers (QIB) are offered 9,48,000 shares in Megatherm Induction IPO and 0 shares in Qualitek Labs IPO.

  Megatherm Induction IPO Qualitek Labs IPO
Anchor Investor Reserveration 14,22,000 shares
Market Maker Reserveration 2,50,800 shares 99,600 shares
QIB 9,48,000 shares 0 shares
NII 7,11,600 shares 9,32,400 shares
RII 16,59,600 shares 9,32,400 shares
Employee 0 shares 0 shares
Others
Total 33,19,200 shares 18,64,800 shares

Bids Received (Subscription)

Megatherm Induction IPO subscribed 196.11x in total, whereas Qualitek Labs IPO subscribed 58.95x.

  Megatherm Induction IPO Qualitek Labs IPO
QIB (times) 105.14x
NII (times) 307.04x 69.37x
Big NII (times)
Small NII (times)
RII (times) 200.51x 39.23x
Employee (times)
Other (times)
Total (times) 196.11x 58.95x

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