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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 ₹100.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (1200 shares). The minimum lot size investment for 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 Date | January 18, 2024 to January 23, 2024 |
| Listing Date | January 29, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹100 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 19,64,400 shares (aggregating up to ₹19.64 Cr) |
| Reserved for Market Maker | 99,600 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹0.9960 Cr) |
| Net Offered to Public | 18,64,800 shares (aggregating up to ₹18.65 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 54,07,500 shares |
| Share Holding Post Issue | 73,71,900 shares |
Qualitek Labs IPO offers total 19,64,400 shares. Out of which 9,32,400 (47.46%) allocated to NII, 9,32,400 (47.46%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 99,600 (5.07%) |
| NII (HNI) Shares Offered | 9,32,400 (47.46%) |
| Retail Shares Offered | 9,32,400 (47.46%) |
| Total Shares Offered | 19,64,400 (100.00%) |
Qualitek Labs IPO opens on January 18, 2024, and closes on January 23, 2024.
| IPO Open Date | Thu, Jan 18, 2024 |
| IPO Close Date | Tue, Jan 23, 2024 |
| Tentative Allotment | Wed, Jan 24, 2024 |
| Initiation of Refunds | Thu, Jan 25, 2024 |
| Credit of Shares to Demat | Thu, Jan 25, 2024 |
| Tentative Listing Date | Mon, Jan 29, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Jan 23, 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 | ₹1,20,000 |
| Retail (Max) | 1 | 1,200 | ₹1,20,000 |
| HNI (Min) | 2 | 2,400 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Qualitek Labs Limited's revenue increased by 61.03% and profit after tax (PAT) rose by 161.43% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 4,409.68 | 3,955.61 | 2,219.86 | 1,459.88 |
| Total Income | 1,250.74 | 1,935.13 | 1,201.73 | 637.44 |
| Profit After Tax | 200.93 | 296.91 | 113.57 | 46.11 |
| Net Worth | 1,187.46 | 986.52 | 189.61 | -22.96 |
| Reserves and Surplus | 646.71 | 445.77 | 143.61 | -23.96 |
| Total Borrowing | 2,499.59 | 2,344.67 | 1,728.68 | 1,121.82 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Qualitek Labs IPO is ₹73.72 Cr.
| KPI | Values |
|---|---|
| ROE | 50.49% |
| ROCE | 13.76% |
| RoNW | 30.10% |
| Price to Book Value | 4.04 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 5.49 | 5.45 |
| P/E (x) | 18.21 | 18.34 |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company is operating in lab testing segment that is highly competitive and fragmented. Though it posted growth in its top and bottom lines for the reported periods, the sustainability of such margins going forward is a major concern. Based on its FY24 super earnings, the issue appears aggressively priced. There is no harm in skipping this pricey bet. Read detail review...
| Listing Date | January 29, 2024 |
| BSE Script Code | 544091 |
| NSE Symbol | |
| ISIN | INE0Q1R01012 |
| Final Issue Price | ₹100 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹100.00 |
| Open | ₹190.00 |
| Low | ₹190.00 |
| High | ₹199.50 |
| Last Trade | ₹199.50 |
Qualitek Labs Ltd.
73, National Park
Lajpat Nagar- IV
New Delhi, South Delhi - 110024
New Delhi, New Delhi
Phone: +011-41729056
Email: info@qualiteklab.com
Website: http://www.qualiteklab.com/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Qualitek Labs IPO is a SME IPO of 19,64,400 equity shares of the face value of ₹10 aggregating up to ₹19.64 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200.
The IPO opens on January 18, 2024, and closes on January 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 January 18, 2024 and closes on January 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 Thursday, January 25, 2024. Check the Qualitek Labs IPO allotment status.
The Qualitek Labs IPO listing date is on Monday, January 29, 2024.
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