Clinitech Laboratory Limited IPO
BSE SMEListed On: Aug 1, 2024 at ₹ 115.0
₹ 230400 /2400 Shares
*Min Investment
25 Jul, 2024
Open Date29 Jul, 2024
Close Date30 Jul, 2024
Allotment Date01 Aug, 2024
Listing DateClinitech Laboratory Limited IPO Issue Details
- Issue Price ₹96 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 6,02,400 shares(aggregating up to ₹5.78 crore)
- Fresh Share 6,02,400 shares(aggregating up to ₹5.78 crore)
- Listing at BSE SME
- List Price 115.0
- Listing Date 2024-08-01
- Lead Manager First Overseas Capital Limited
- Registrar Bigshare Services Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1200 | ₹1,15,200 |
| Retail(max) | 1 | 1200 | ₹1,15,200 |
| NII (min) | 2 | 2,400 | ₹2,30,400 |
Clinitech Laboratory Limited IPO Reservation
Clinitech Laboratory Limited IPO offers total 602,400 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,301,200 (50%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 31,200 (5.18%) | |
| Retail Shares Offered | 301,200 (50%) | |
| Total Shares Offered | 602,400 (100%) |
Clinitech Laboratory Limited IPO Details
Clinitech Laboratory Limited IPO is an SME IPO, priced at ₹96 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 6,02,400 equity shares, aggregating up to ₹5.78 crores..
The IPO bidding window is open from Jul 25, 2024 to Jul 29, 2024. The allotment is expected to be finalized on Jul 30, 2024, and the tentative listing date is Aug 1, 2024.
The minimum lot size for Retail investors is 1200 shares, with a minimum investment of ₹1,15,200. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,30,400.
First Overseas Capital Limited is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Svcm Securities Private Limited will act as the market maker for this issue.
Clinitech Laboratory Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 285,600 | 285,600 | 571,200 |
Day 1 25-07-24 06:00 PM | 0.62 x | 4.33 x | 2.61 x |
Day 2 26-07-24 06:00 PM | 1.33 x | 10.10 x | 6.03 x |
Day 3 29-07-24 06:00 PM | 24.66 x | 52.32 x | 39.02 x |
Clinitech Laboratory Limited Valuations
Clinitech Laboratory Limited Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 603.33 | 368.74 | 273.32 |
| Revenue | 636.34 | 645.70 | 459.63 |
| Profit After Tax | 61.31 | 51.26 | 40.24 |
About Clinitech Laboratory Limited Company
Clinitech Laboratory Limited was founded in 1990 and offers diagnostic and health testing, as well as services.
The company conducts more than 150 tests in its centres, categorized under such categories as Biochemical Tests, Immunology Tests, Hematology Tests, Molecular Biology Tests, Serology Tests, Microbiology Tests, and Histopathology Tests.
Eight diagnostic centers are scattered around Thane and Navi Mumbai. The firm conducts more than 3 lakh tests per year in its laboratories accredited by NABL (National Accreditation Board for Testing and Calibration Laboratories) well-equipped with the latest technology and high-quality machinery.
The testing facilities of Clinitech Laboratory for medical tests located at Airoli, Navi Mumbai are 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.
Clinitech Laboratory Limited - Promoter(s)
Jagdish Umakant Nayak
Jyoti Jagdish Nayak
Pre Issue Share Holding : 83.63%
Post Issue Share Holding : 61.56%
Clinitech Laboratory Limited IPO - Issue Objectives
Expansion of Diagnostic Centres
General Corporate Purposes.
Clinitech Laboratory Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Clinitech Laboratory Limited | 2.37 | N/A | 21.12 | 43.45 | 10.46 | 4.55 | N/A |
| Dr Lalpath Labs | 43.05 | N/A | 225.85 | 67.92 | 19.19 | 12.03 | Consolidated |
| Thyrocare Technologies Ltd | 13.42 | N/A | 99.65 | 47.56 | 13.17 | 6.41 | Consolidated |
| Krsnaa Diagnostics Limited | 17.9 | N/A | 250.79 | 38.42 | 7.02 | 2.74 | Consolidated |
Notes:
- The P/E Ratio is computed by dividing the Issue Price/closing market price on July 09, 2024, on BSE by EPS.
- RONW / EPS / NAV etc. is adjusted for face value.
- Clinitech financials are based on March 31, 2024, Restated Financials.
Contact Details
Clinitech Laboratory Limited
AL-1/545, Sector 16, Airoli, Opposite Radhikabai Meghe Vidyalaya, Navi Mumbai, Thane - 400708
+91 22 27792281
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Clinitech Laboratory Limited IPO - FAQs
Ans. Clinitech Laboratory Limited IPO is a SME IPO. The issue is priced at ₹96 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Jul 25, 2024, and closes on Jul 29, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Clinitech Laboratory Limited IPO opens on Jul 25, 2024 and closes on Jul 29, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Clinitech Laboratory Limited IPO is 602,400 shares(aggregating up to ₹5.78 Cr).
Ans. The Clinitech Laboratory Limited IPO price band is set between ₹96 per equity share.
Ans. To apply for Clinitech Laboratory Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Clinitech Laboratory Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Clinitech Laboratory Limited IPO is Jul 30, 2024.
Ans. The Clinitech Laboratory Limited IPO will be listed on Aug 1, 2024.
Ans. Follow the steps to check the Clinitech Laboratory Limited IPO allotment status online.
