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Clinitech Laboratory IPO is a fixed price issue of ₹5.78 crores. The issue is entirely a fresh issue of 0.06 crore shares of ₹5.78 crore.
Clinitech Laboratory IPO bidding started from Jul 25, 2024 and ended on Jul 29, 2024. The allotment for Clinitech Laboratory IPO was finalized on Jul 30, 2024. The shares got listed on BSE SME on Aug 1, 2024.
Clinitech Laboratory IPO price is ₹96.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,15,200 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,30,400.
Inventure Merchant Banker Services Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Svcm Securities Pvt.Ltd..
Refer to Clinitech Laboratory IPO RHP for detailed Information.
| IPO Date | July 25, 2024 to July 29, 2024 |
| Listing Date | August 1, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹96 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 6,02,400 shares (aggregating up to ₹5.78 Cr) |
| Reserved for Market Maker | 31,200 shares Svcm Securities Pvt.Ltd. (aggregating up to ₹0.2995 Cr) |
| Net Offered to Public | 5,71,200 shares (aggregating up to ₹5.48 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 16,80,000 shares |
| Share Holding Post Issue | 22,82,400 shares |
Clinitech Laboratory IPO offers total 6,02,400 shares. Out of which 2,85,600 (47.41%) allocated to NII, 2,85,600 (47.41%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 31,200 (5.18%) |
| NII (HNI) Shares Offered | 2,85,600 (47.41%) |
| Retail Shares Offered | 2,85,600 (47.41%) |
| Total Shares Offered | 6,02,400 (100.00%) |
Clinitech Laboratory IPO opens on July 25, 2024, and closes on July 29, 2024.
| IPO Open Date | Thu, Jul 25, 2024 |
| IPO Close Date | Mon, Jul 29, 2024 |
| Tentative Allotment | Tue, Jul 30, 2024 |
| Initiation of Refunds | Wed, Jul 31, 2024 |
| Credit of Shares to Demat | Wed, Jul 31, 2024 |
| Tentative Listing Date | Thu, Aug 1, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Jul 29, 2024 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,15,200 |
| Retail (Max) | 1 | 1,200 | ₹1,15,200 |
| HNI (Min) | 2 | 2,400 | ₹2,30,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Founded in 1990, Clinitech Laboratory Limited provides diagnostic and health testing and services.
The company performs more than 150 tests in its centres, which are divided into different categories: Biochemical Tests, Immunology Tests, Hematology Tests, Molecular Biology Tests, Serology Tests, Microbiology Tests and Histopathology Tests.
Clinitech Laboratory has eight diagnostic centres around Thane and Navi Mumbai. The company conducts more than 3 lakh tests per year in its NABL (National Accreditation Board for Testing and Calibration Laboratories) accredited laboratories equipped with modern technology and high quality equipment.
The company's medical testing facilities at Airoli, Navi Mumbai, have been accredited by NABL (National Accreditation Board for Testing and Calibration Laboratories) as per ISO 15189:2012.
As of May 31, 2024, the company employed 85 people in various departments.
Clinitech Laboratory Limited's revenue increased by 1.19% and profit after tax (PAT) dropped by -39.46% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 560.79 | 603.33 | 368.74 | 273.32 |
| Total Income | 643.92 | 636.34 | 645.70 | 459.63 |
| Profit After Tax | 37.12 | 61.31 | 51.26 | 40.24 |
| Net Worth | 354.80 | 238.08 | 184.81 | 139.03 |
| Reserves and Surplus | 186.80 | 88.08 | 34.81 | 72.37 |
| Total Borrowing | 86.31 | 102.91 | 88.61 | 53.67 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Clinitech Laboratory IPO is ₹21.91 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| Debt/Equity | 0.24 |
| RoNW | 10.46% |
| PAT Margin | 5.76% |
| Price to Book Value | 4.55 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 2.21 | 1.63 |
| P/E (x) | 43.45 | 59.03 |
The Company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. It marked almost static top lines for the reported periods and boosted bottom line for FY24. Based on FY24 super earnings, the issue is exorbitantly priced. There is no harm in skipping this risky bet. Read detail review...
| Listing Date | August 1, 2024 |
| BSE Script Code | 544220 |
| NSE Symbol | |
| ISIN | INE0QMR01015 |
| Final Issue Price | ₹96 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹96.00 |
| Open | ₹115.00 |
| Low | ₹110.00 |
| High | ₹120.75 |
| Last Trade | ₹120.75 |
Clinitech Laboratory Ltd.
AL-1/545, Sector 16, Airoli
Opposite Radhikabai Meghe Vidyalaya
Navi Mumbai, Thane - 400708,
Navi Mumbai, Maharashtra
Phone: +91 22 27792281
Email: ipo@clinitechlab.com
Website: https://clinitechlab.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Clinitech Laboratory IPO is a SME IPO of 6,02,400 equity shares of the face value of ₹10 aggregating up to ₹5.78 Crores. The issue is priced at ₹96 per share. The minimum order quantity is 1200.
The IPO opens on July 25, 2024, and closes on July 29, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Clinitech Laboratory IPO using UPI as a payment gateway. Zerodha customers can apply in Clinitech Laboratory IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Clinitech Laboratory IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Clinitech Laboratory IPO opens on July 25, 2024 and closes on July 29, 2024.
Clinitech Laboratory IPO lot size is 1200, and the minimum amount required for application is ₹1,15,200.
You can apply in Clinitech Laboratory IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Clinitech Laboratory IPO will be done on Tuesday, July 30, 2024, and the allotted shares will be credited to your demat account by Wednesday, July 31, 2024. Check the Clinitech Laboratory IPO allotment status.
The Clinitech Laboratory IPO listing date is on Thursday, August 1, 2024.
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