Fixed Price IPO | ₹20 Cr | Listed at BSE SME | Thu, Jan 18, 2024 - Tue, Jan 23, 2024
Qualitek Labs IPO is a fixed price issue of ₹19.64 crores. The issue is entirely a fresh issue of 0.20 crore shares of ₹19.64 crore.
Qualitek Labs IPO bidding started from Jan 18, 2024 and ended on Jan 23, 2024. The allotment for Qualitek Labs IPO was finalized on Jan 24, 2024. The shares got listed on BSE SME on Jan 29, 2024.
Qualitek Labs IPO price is ₹100 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,40,000.
Oneview Corporate Advisors Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Nikunj Stock Brokers Ltd..
Refer to Qualitek Labs IPO RHP for detailed Information.
IPO Open
Thu, Jan 18, 2024
IPO Close
Tue, Jan 23, 2024
Issue Price
₹100 per share
Market Cap (Pre-IPO)
₹73.72 Cr
| IPO Date | 18 to 23 Jan, 2024 |
| Listed on | Mon, Jan 29, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹100 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 19,64,400 shares (agg. up to ₹20 Cr) |
| Reserved for Market Maker | 99,600 shares Nikunj Stock Brokers Ltd. (agg. up to ₹0.9960 Cr) |
| Fresh Issue (Ex Market Maker) | 18,64,800 shares (agg. up to ₹19 Cr) |
| Net Offered to Public | 18,64,800 shares (agg. up to ₹19 Cr) |
| Share Holding Pre Issue | 54,07,500 shares |
| Share Holding Post Issue | 73,71,900 shares |
| BSE Script Code | 544091 |
| ISIN | INE0Q1R01012 |
Qualitek Labs IPO comprises a total issue size of 19,64,400 shares. The net offer to the public is 18,64,800 shares, after excluding 99,600 shares allotted on a firm basis. Of the Net offer 9,32,400 (50.00%) allocated to NII 9,32,400 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 9,32,400 | 50.00% | 47.46% |
| Retail Shares Offered | 9,32,400 | 50.00% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 99,600 | 5.07% | |
| Total Shares Offered | 19,64,400 | 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 | ₹1,20,000 |
| Retail (Max) | 1 | 1,200 | ₹1,20,000 |
| HNI (Min) | 2 | 2,400 | ₹2,40,000 |
Founded in 2018, Qualitek Labs Limited provides testing, inspection, homologation, certification, and consulting services.
The company's laboratory services include:
They collaborate with industries such as automotive, defence, metals and metallurgy, environment and water, minerals, food and agriculture, and pharma and healthcare.
The company has two testing laboratories in Pune and Bhubaneshwar.
As of Jan 2024, the company has a total of 144 employees.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 44.10 | 39.56 | 22.20 | 14.60 |
| Total Income | 12.51 | 19.35 | 12.02 | 6.37 |
| Profit After Tax | 2.01 | 2.97 | 1.14 | 0.46 |
| NET Worth | 11.87 | 9.87 | 1.90 | -0.23 |
| Reserves and Surplus | 6.47 | 4.46 | 1.44 | -0.24 |
| Total Borrowing | 25.00 | 23.45 | 17.29 | 11.22 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure towards installation of plant and machinery for new & existing laboratories and for expansion of laboratories | 6.22 |
| 2 | Repayment of unsecured loan to Promoter | 8.18 |
| 3 | Funding of working capital requirements | 2.50 |
| 4 | General corporate purposes | 1.41 |
| KPI | |
|---|---|
| ROE | 50.49% |
| ROCE | 13.76% |
| RoNW | 30.10% |
| PAT Margin | 15.52% |
| Price to Book Value | 4.04 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.49 | 5.45 |
| P/E (x) | 18.21 | 18.34 |
| Promoter Holding | 99.99% | 73.35% |
| Market Cap | ₹73.72 Cr. |
The Qualitek Labs IPO is subscribed 58.95 times on January 23, 2024 7:02:00 PM (Day 3). The public issue subscribed 39.23 times in the retail category, [.] times in the QIB category, and 69.37 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 69.37 | 9,32,400 | 6,46,76,400 |
| Retail | 39.23 | 9,32,400 | 3,65,76,000 |
| Total | 58.95 | 18,64,800 | 10,99,28,400 |
Total Applications: 34,950
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure towards installation of plant and machinery for new & existing laboratories and for expansion of laboratories | 6.22 |
| 2 | Repayment of unsecured loan to Promoter | 8.18 |
| 3 | Funding of working capital requirements | 2.50 |
| 4 | General corporate purposes | 1.41 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹100.00 |
| Open | ₹190.00 |
| Low | ₹190.00 |
| High | ₹199.50 |
| Last Trade | ₹199.50 |
Lead Manager Reports
Qualitek Labs IPO is a SME IPO of 19,64,400 equity shares of the face value of ₹10 aggregating up to ₹20 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200.
The IPO opens on Thu, Jan 18, 2024, and closes on Tue, Jan 23, 2024.
Skyline Financial 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 Qualitek Labs IPO using UPI as a payment gateway. Zerodha customers can apply in Qualitek Labs IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Qualitek Labs IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Qualitek Labs IPO opens on Thu, Jan 18, 2024 and closes on Tue, Jan 23, 2024.
Qualitek Labs IPO lot size is 1200, and the minimum amount required for application is ₹1,20,000.
You can apply in Qualitek Labs 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 Qualitek Labs IPO will be done on Wednesday, January 24, 2024, and the allotted shares will be credited to your demat account by Thu, Jan 25, 2024. Check the Qualitek Labs IPO allotment status.
The Qualitek Labs IPO listing date is on Mon, Jan 29, 2024.
