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Quest Laboratories IPO vs Rulka Electricals IPO

Comparision between Quest Laboratories IPO and Rulka Electricals IPO.

IPO Details

Quest Laboratories IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Rulka Electricals IPO is a SME Book Built Issue proposed to list at NSE SME.

  Quest Laboratories IPO Rulka Electricals IPO
Logo Quest Laboratories IPO Logo Rulka Electricals 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 Shreni Shares Limited Beeline Capital Advisors Pvt Ltd
Registrar Bigshare Services Pvt Ltd Bigshare Services Pvt Ltd
Market Maker Rikhav Securities Limited Sunflower Broking Private 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 Quest Laboratories IPO is up to ₹43.16 Cr whereas the issue size of the Rulka Electricals IPO is up to ₹26.40 Cr. The final issue price of Quest Laboratories IPO is ₹97.00 per share and of Rulka Electricals IPO is ₹235.00 per share.

  Quest Laboratories IPO Rulka Electricals IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹93.00 per share ₹223.00 per share
Issue Price (Upper) ₹97.00 per share ₹235.00 per share
Issue Price (Final) ₹97.00 per share ₹235.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1200 shares 600 shares
Fresh Issue Size 44,49,600 shares 8,42,400 shares
Fresh Issue Size (Amount) up to ₹43.16 Cr up to ₹19.80 Cr
OFS Issue Size 2,80,800 shares
OFS Issue Size (Amount) up to ₹6.60 Cr
Issue Size Total 44,49,600 shares 11,23,200 shares
Issue Size Total (Amount) up to ₹43.16 Cr up to ₹26.40 Cr

IPO Timetable

Quest Laboratories IPO opens on May 15, 2024, while Rulka Electricals IPO opens on May 16, 2024. The closing date of Quest Laboratories IPO and Rulka Electricals IPO is May 17, 2024, and May 21, 2024, respectively.

  Quest Laboratories IPO Rulka Electricals IPO
Anchor Bid Date May 14, 2024 May 15, 2024
Issue Open May 15, 2024 May 16, 2024
Issue Close May 17, 2024 May 21, 2024
Basis Of Allotment (Tentative) May 21, 2024 May 22, 2024
Initiation of Refunds (Tentative) May 22, 2024 May 23, 2024
Credit of Share (Tentative) May 22, 2024 May 23, 2024
Listing date (Tentative) May 23, 2024 May 24, 2024
Anchor Lockin End date 1 Jun 20, 2024 Jun 21, 2024
Anchor Lockin End date 2 Aug 19, 2024 Aug 20, 2024

Financials

Quest Laboratories IPO P/E ratio is 23.03, as compared to Rulka Electricals IPO P/E ratio of 28.62.

  Quest Laboratories IPO Rulka Electricals IPO
Financial

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

Rulka Electricals Limited Financial Information (Restated Standalone)

Period Ended29 Feb 202431 Mar 202331 Mar 202231 Mar 2021
Assets4,082.092,826.951,919.04982.41
Revenue6,527.774,689.783,627.411,960.11
Profit After Tax565.77280.52112.0853.72
Net Worth1,290.15557.33276.82164.74
Reserves and Surplus948.55546.33265.82153.74
Total Borrowing1,104.89527.07281.46230.99
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 90.36% 86.28%
Promoter Shareholding (Post-Issue) 65.82% 69.22%
P/E Ratio 23.03 28.62
Market Cap ₹158.96 Cr. ₹100.07 Cr.
ROE 34.03%% 61.25%%
ROCE 41.86%% 33.67%%
Debt/Equity 0.2 2.16
EPS ₹4.21 ₹8.21
RoNW 34.03%% 43.85%%

Shares Offered

In the Quest Laboratories IPO retail investors (RII) are offered 14,98,800 shares while in Rulka Electricals IPO retail investors are offered 14,98,800 shares. Qualified institutional buyers (QIB) are offered 8,31,600 shares in Quest Laboratories IPO and 2,13,600 shares in Rulka Electricals IPO.

  Quest Laboratories IPO Rulka Electricals IPO
Anchor Investor Reserveration 12,36,000 shares 3,19,200 shares
Market Maker Reserveration 2,28,000 shares 56,400 shares
QIB 8,31,600 shares 2,13,600 shares
NII 6,55,200 shares 1,60,200 shares
RII 14,98,800 shares 3,73,800 shares
Employee 0 shares 0 shares
Others
Total 29,85,600 shares 7,47,600 shares

Bids Received (Subscription)

Quest Laboratories IPO subscribed 85.26x in total, whereas Rulka Electricals IPO subscribed 676.83x.

  Quest Laboratories IPO Rulka Electricals IPO
QIB (times) 57.20x 204.22x
NII (times) 184.10x 1,350.15x
Big NII (times)
Small NII (times)
RII (times) 57.63x 658.32x
Employee (times)
Other (times)
Total (times) 85.26x 676.83x

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