Fixed Price IPO | ₹3 Cr | Listed at BSE SME | Thu, Jan 27, 2022 - Tue, Feb 1, 2022
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Jan 27, 2022
IPO Close
Tue, Feb 1, 2022
Issue Price
₹51 per share
Market Cap (Pre-IPO)
₹9.84 Cr
| IPO Date | 27 Jan to 1 Feb, 2022 |
| Listed on | Wed, Feb 9, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹51 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 5,30,000 shares (agg. up to ₹3 Cr) |
| Reserved for Market Maker | 30,000 shares Shreni Shares Ltd. (agg. up to ₹0.1530 Cr) |
| Fresh Issue (Ex Market Maker) | 5,00,000 shares (agg. up to ₹3 Cr) |
| Net Offered to Public | 5,00,000 shares (agg. up to ₹3 Cr) |
| Share Holding Pre Issue | 14,00,000 shares |
| Share Holding Post Issue | 19,30,000 shares |
| BSE Script Code | 543460 |
| ISIN | INE0KAF01018 |
Quality RO Industries IPO comprises a total issue size of 5,30,000 shares. The net offer to the public is 5,00,000 shares, after excluding 30,000 shares allotted on a firm basis. Of the Net offer 2,50,000 (50.00%) allocated to NII 2,50,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 2,50,000 | 50.00% | 47.17% |
| Retail Shares Offered | 2,50,000 | 50.00% | 47.17% |
| Firm Reservations | |||
| Market Maker Shares Offered | 30,000 | 5.66% | |
| Total Shares Offered | 5,30,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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 |
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:
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet the Capital Expenditure Requirements | 1.40 |
| 2 | To Meet the Incremental Working Capital Requirements | 0.50 |
| 3 | General Corporate Expenses | 0.24 |
| 4 | Public Issue Expenses | 0.56 |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 113 | |
| Promoter Holding | 84.00% | 60.93% |
| Market Cap | ₹9.84 Cr. |
The Quality RO IPO is subscribed 7.26 times on February 1, 2022 6:52:00 PM (Day 5). The public issue subscribed 10.06 times in the retail category, [.] times in the QIB category, and 4.46 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 4.46 | 2,50,000 | 11,14,000 |
| Retail | 10.06 | 2,50,000 | 25,14,000 |
| Total | 7.26 | 5,00,000 | 36,28,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees including underwriting commission | 0.37 |
| 2 | Brokerage, selling, commission and upload fees | 0.01 |
| 3 | Registrar to the issue | 0.01 |
| 4 | Legal Advisors | 0.01 |
| 5 | Advertising and Marketing expenses | 0.07 |
| 6 | Regulators including stock exchanges | 0.03 |
| 7 | Printing and distribution of issue stationery | 0.01 |
| 8 | Others, if any (market making, depositories, secretarial, peer review auditors, etc.) | 0.07 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹51.00 |
| Open | ₹52.25 |
| Low | ₹52.05 |
| High | ₹54.40 |
| Last Trade | ₹53.70 |
Lead Manager Reports
Quality RO Industries IPO is a SME IPO of 5,30,000 equity shares of the face value of ₹10 aggregating up to ₹3 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000.
The IPO opens on Thu, Jan 27, 2022, and closes on Tue, Feb 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 Thu, Jan 27, 2022 and closes on Tue, Feb 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 Tue, Feb 8, 2022. Check the Quality RO Industries IPO allotment status.
The Quality RO Industries IPO listing date is on Wed, Feb 9, 2022.
