Fixed Price IPO | ₹6 Cr | Listed at BSE SME | Thu, Jul 25, 2024 - Mon, Jul 29, 2024
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Jul 25, 2024
IPO Close
Mon, Jul 29, 2024
Issue Price
₹96 per share
Market Cap (Pre-IPO)
₹21.91 Cr
| IPO Date | 25 to 29 Jul, 2024 |
| Listed on | Thu, Aug 1, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹96 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 6,02,400 shares (agg. up to ₹6 Cr) |
| Reserved for Market Maker | 31,200 shares Svcm Securities Pvt.Ltd. (agg. up to ₹0.2995 Cr) |
| Fresh Issue (Ex Market Maker) | 5,71,200 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 5,71,200 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 16,80,000 shares |
| Share Holding Post Issue | 22,82,400 shares |
| BSE Script Code | 544220 |
| ISIN | INE0QMR01015 |
Clinitech Laboratory IPO comprises a total issue size of 6,02,400 shares. The net offer to the public is 5,71,200 shares, after excluding 31,200 shares allotted on a firm basis. Of the Net offer 2,85,600 (50.00%) allocated to NII 2,85,600 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 2,85,600 | 50.00% | 47.41% |
| Retail Shares Offered | 2,85,600 | 50.00% | 47.41% |
| Firm Reservations | |||
| Market Maker Shares Offered | 31,200 | 5.18% | |
| Total Shares Offered | 6,02,400 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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 |
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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 5.61 | 6.03 | 3.69 | 2.73 |
| Total Income | 6.44 | 6.36 | 6.46 | 4.60 |
| Profit After Tax | 0.37 | 0.61 | 0.51 | 0.40 |
| NET Worth | 3.55 | 2.38 | 1.85 | 1.39 |
| Reserves and Surplus | 1.87 | 0.88 | 0.35 | 0.72 |
| Total Borrowing | 0.86 | 1.03 | 0.89 | 0.54 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expansion of Diagnostic Centres | 4.99 |
| 2 | General Corporate Purposes | 0.41 |
| KPI | Mar 31, 2024 |
|---|---|
| Debt/Equity | 0.24 |
| RoNW | 10.46% |
| PAT Margin | 5.76% |
| Price to Book Value | 4.55 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.21 | 1.63 |
| P/E (x) | 43.45 | 59.03 |
| Promoter Holding | 83.65% | 61.57% |
| Market Cap | ₹21.91 Cr. |
The Clinitech Laboratory IPO is subscribed 38.96 times on July 29, 2024 6:19:07 PM (Day 3). The public issue subscribed 49.61 times in the retail category, [.] times in the QIB category, and 23.28 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 23.28 | 3,01,200 | 70,12,800 |
| Retail | 49.61 | 3,01,200 | 1,49,41,200 |
| Total | 38.96 | 5,71,200 | 2,22,55,200 |
Total Application : 18,408
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including, underwriting, and selling commissions, brokerages, Advisors to the Company, payment to other intermediaries such as Legal Advisors, Registrars etc. and other out of pocket expenses, Brokerage and selling commission | 0.26 |
| 2 | Advertising and marketing expenses | 0.03 |
| 3 | Printing and stationery expenses, distribution, and postage | 0.02 |
| 4 | Regulatory and other expenses including Listing Fee | 0.07 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹96.00 |
| Open | ₹115.00 |
| Low | ₹110.00 |
| High | ₹120.75 |
| Last Trade | ₹120.75 |
Lead Manager Reports
Clinitech Laboratory IPO is a SME IPO of 6,02,400 equity shares of the face value of ₹10 aggregating up to ₹6 Crores. The issue is priced at ₹96 per share. The minimum order quantity is 1200.
The IPO opens on Thu, Jul 25, 2024, and closes on Mon, Jul 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 Thu, Jul 25, 2024 and closes on Mon, Jul 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 Wed, Jul 31, 2024. Check the Clinitech Laboratory IPO allotment status.
The Clinitech Laboratory IPO listing date is on Thu, Aug 1, 2024.
