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Premier Roadlines IPO vs Quest Laboratories IPO

Comparision between Premier Roadlines IPO and Quest Laboratories IPO.

IPO Details

Premier Roadlines 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.

  Premier Roadlines IPO Quest Laboratories IPO
Logo Premier Roadlines IPO Logo Quest Laboratories 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 Hem Securities Limited Shreni Shares Limited
Registrar Maashitla Securities Private Limited Bigshare Services Pvt Ltd
Market Maker Hem Finlease Private Limited Rikhav Securities Limited
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 Premier Roadlines IPO is up to ₹40.36 Cr whereas the issue size of the Quest Laboratories IPO is up to ₹43.16 Cr. The final issue price of Premier Roadlines IPO is ₹67.00 per share and of Quest Laboratories IPO is ₹97.00 per share.

  Premier Roadlines IPO Quest Laboratories IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹63.00 per share ₹93.00 per share
Issue Price (Upper) ₹67.00 per share ₹97.00 per share
Issue Price (Final) ₹67.00 per share ₹97.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 1200 shares
Fresh Issue Size 60,24,000 shares 44,49,600 shares
Fresh Issue Size (Amount) up to ₹40.36 Cr up to ₹43.16 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 60,24,000 shares 44,49,600 shares
Issue Size Total (Amount) up to ₹40.36 Cr up to ₹43.16 Cr

IPO Timetable

Premier Roadlines IPO opens on May 10, 2024, while Quest Laboratories IPO opens on May 15, 2024. The closing date of Premier Roadlines IPO and Quest Laboratories IPO is May 14, 2024, and May 17, 2024, respectively.

  Premier Roadlines IPO Quest Laboratories IPO
Anchor Bid Date May 09, 2024 May 14, 2024
Issue Open May 10, 2024 May 15, 2024
Issue Close May 14, 2024 May 17, 2024
Basis Of Allotment (Tentative) May 15, 2024 May 21, 2024
Initiation of Refunds (Tentative) May 16, 2024 May 22, 2024
Credit of Share (Tentative) May 16, 2024 May 22, 2024
Listing date (Tentative) May 17, 2024 May 23, 2024
Anchor Lockin End date 1 Jun 14, 2024 Jun 20, 2024
Anchor Lockin End date 2 Aug 13, 2024 Aug 19, 2024

Financials

Premier Roadlines IPO P/E ratio is 15.7, as compared to Quest Laboratories IPO P/E ratio of 23.03.

  Premier Roadlines IPO Quest Laboratories IPO
Financial

Premier Roadlines Limited Financial Information (Restated Standalone)

Period Ended31 Jan 202431 Mar 202331 Mar 202231 Mar 2021
Assets8,699.127,410.765,144.624,578.82
Revenue17,420.7119,205.6013,868.819,415.78
Profit After Tax874.67718.50388.60155.39
Net Worth3,577.832,703.171,984.671,596.07
Reserves and Surplus1,893.982,550.091,831.591,442.99
Total Borrowing3,707.933,677.262,354.822,379.01
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) 100.00% 90.36%
Promoter Shareholding (Post-Issue) 73.65% 65.82%
P/E Ratio 15.7 23.03
Market Cap ₹153.18 Cr. ₹158.96 Cr.
ROE 27.85%% 34.03%%
ROCE 20.05%% 41.86%%
Debt/Equity 1.04 0.2
EPS ₹4.27 ₹4.21
RoNW 24.45%% 34.03%%

Shares Offered

In the Premier Roadlines IPO retail investors (RII) are offered 20,04,000 shares while in Quest Laboratories IPO retail investors are offered 20,04,000 shares. Qualified institutional buyers (QIB) are offered 11,44,000 shares in Premier Roadlines IPO and 8,31,600 shares in Quest Laboratories IPO.

  Premier Roadlines IPO Quest Laboratories IPO
Anchor Investor Reserveration 17,14,000 shares 12,36,000 shares
Market Maker Reserveration 3,04,000 shares 2,28,000 shares
QIB 11,44,000 shares 8,31,600 shares
NII 8,58,000 shares 6,55,200 shares
RII 20,04,000 shares 14,98,800 shares
Employee 0 shares 0 shares
Others
Total 40,06,000 shares 29,85,600 shares

Bids Received (Subscription)

Premier Roadlines IPO subscribed 117.57x in total, whereas Quest Laboratories IPO subscribed 85.26x.

  Premier Roadlines IPO Quest Laboratories IPO
QIB (times) 89.95x 57.20x
NII (times) 180.25x 184.10x
Big NII (times)
Small NII (times)
RII (times) 106.50x 57.63x
Employee (times)
Other (times)
Total (times) 117.57x 85.26x

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