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Quality RO Industries IPO is a fixed price issue of ₹2.70 crores. The issue is entirely a fresh issue of 0.05 crore shares of ₹2.70 crore.
Quality RO Industries IPO bidding started from Jan 27, 2022 and ended on Feb 1, 2022. The allotment for Quality RO Industries IPO was finalized on Feb 4, 2022. The shares got listed on BSE SME on Feb 9, 2022.
Quality RO Industries IPO price is ₹51.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,02,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,04,000.
Shreni Shares 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 Shreni Shares Ltd..
Refer to Quality RO Industries IPO RHP for detailed Information.
| IPO Date | January 27, 2022 to February 1, 2022 |
| Listing Date | February 9, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹51 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 5,30,000 shares (aggregating up to ₹2.70 Cr) |
| Reserved for Market Maker | 30,000 shares Shreni Shares Ltd. (aggregating up to ₹0.1530 Cr) |
| Net Offered to Public | 5,00,000 shares (aggregating up to ₹2.55 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 14,00,000 shares |
| Share Holding Post Issue | 19,30,000 shares |
Quality RO IPO offers total 5,30,000 shares. Out of which 2,50,000 (47.17%) allocated to NII, 2,50,000 (47.17%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 30,000 (5.66%) |
| NII (HNI) Shares Offered | 2,50,000 (47.17%) |
| Retail Shares Offered | 2,50,000 (47.17%) |
| Total Shares Offered | 5,30,000 (100.00%) |
Quality RO Industries IPO opens on January 27, 2022, and closes on February 1, 2022.
| IPO Open Date | Thu, Jan 27, 2022 |
| IPO Close Date | Tue, Feb 1, 2022 |
| Tentative Allotment | Fri, Feb 4, 2022 |
| Initiation of Refunds | Mon, Feb 7, 2022 |
| Credit of Shares to Demat | Tue, Feb 8, 2022 |
| Tentative Listing Date | Wed, Feb 9, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Feb 1, 2022 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,02,000 |
| Retail (Max) | 1 | 2,000 | ₹1,02,000 |
| HNI (Min) | 2 | 4,000 | ₹2,04,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Headquartered in Gujarat, Quality RO Industries is engaged in the following areas:
As of November 30, 2021, the company has an installed capacity of (i) 70,000 units for Filters, 17,000 units for RO Bowl, and 25,000 units for RO Housing. The company has 7 employees at the registered office including its directors.
Competitive Strengths:
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 30-Nov-21 | |||||
| Total Assets | 25.02 | ||||
| Total Revenue | 1.67 | ||||
| Profit After Tax | 0.14 | ||||
The market capitalization of Quality RO Industries IPO is ₹9.84 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 113 |
The IPO aims to utilize the net proceed for the following objectives;
[Dilip Davda] QRIL’s financial performance is not that impressive for the asking price and that too appears exorbitant at 113 P/E. Its post IPO equity capital will be just below Rs. 2 cr. and thus will have longer gestation for migration to the main board. Simply stay away from this greedily priced offer. Read detail review...
| Listing Date | February 9, 2022 |
| BSE Script Code | 543460 |
| NSE Symbol | |
| ISIN | INE0KAF01018 |
| Final Issue Price | ₹51 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹51.00 |
| Open | ₹52.25 |
| Low | ₹52.05 |
| High | ₹54.40 |
| Last Trade | ₹53.70 |
Quality RO Industries Ltd.
Plot No. 09, POR Industrial Park,
NH 08 Behind Sahayog Hotel,
Village POR,
Vadodara, Gujarat, 391243
Phone: +91- 6358839303
Email: info@qualityro.in
Website: https://qualityro.in/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Quality RO Industries IPO is a SME IPO of 5,30,000 equity shares of the face value of ₹10 aggregating up to ₹2.70 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000.
The IPO opens on January 27, 2022, and closes on February 1, 2022.
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 Quality RO Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Quality RO Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Quality RO Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Quality RO Industries IPO opens on January 27, 2022 and closes on February 1, 2022.
Quality RO Industries IPO lot size is 2000, and the minimum amount required for application is ₹1,02,000.
You can apply in Quality RO Industries 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 Quality RO Industries IPO will be done on Friday, February 4, 2022, and the allotted shares will be credited to your demat account by Tuesday, February 8, 2022. Check the Quality RO Industries IPO allotment status.
The Quality RO Industries IPO listing date is on Wednesday, February 9, 2022.
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