Qualitek Labs Limited IPO
BSE SMEListed On: Jan 29, 2024 at ₹ 190.0
₹ 240000 /2400 Shares
*Min Investment
18 Jan, 2024
Open Date23 Jan, 2024
Close Date24 Jan, 2024
Allotment Date29 Jan, 2024
Listing DateQualitek Labs Limited IPO Issue Details
- Issue Price ₹100 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 19,64,400 shares(aggregating up to ₹19.64 crore)
- Fresh Share 19,64,400 shares(aggregating up to ₹19.64 crore)
- Listing at BSE SME
- List Price 190.0
- Listing Date 2024-01-29
- Lead Manager Oneview Corporate Advisors Private Limited
- Registrar Skyline Financial Services Private 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 | ₹1,20,000 |
| Retail(max) | 1 | 1200 | ₹1,20,000 |
| NII (min) | 2 | 2,400 | ₹2,40,000 |
Qualitek Labs Limited IPO Reservation
Qualitek Labs Limited IPO offers total 1,964,400 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,932,400 (47.46%) 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 | 99,600 (5.07%) | |
| Retail Shares Offered | 932,400 (47.46%) | |
| Total Shares Offered | 1,964,400 (100%) |
Qualitek Labs Limited IPO Details
Qualitek Labs Limited IPO is an SME IPO, priced at ₹100 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 19,64,400 equity shares, aggregating up to ₹19.64 crores..
The IPO bidding window is open from Jan 18, 2024 to Jan 23, 2024. The allotment is expected to be finalized on Jan 24, 2024, and the tentative listing date is Jan 29, 2024.
The minimum lot size for Retail investors is 1200 shares, with a minimum investment of ₹1,20,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,40,000.
Oneview Corporate Advisors Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Skyline Financial Services Private Ltd, and Nikunj Stock Brokers Limited will act as the market maker for this issue.
Qualitek Labs Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 932,400 | 932,400 | 1,864,800 |
Day 1 18-01-24 06:00 PM | 0.06 x | 0.64 x | 0.35 x |
Day 2 19-01-24 06:00 PM | 1.60 x | 10.11 x | 7.86 x |
Day 3 23-01-24 06:00 PM | 78.78 x | 39.23 x | 59.00 x |
Qualitek Labs Limited Valuations
Qualitek Labs Limited Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 3,955.61 | 2,219.86 | 1,459.88 |
| Revenue | 1,935.13 | 1,201.73 | 637.44 |
| Profit After Tax | 296.91 | 113.57 | 46.11 |
| Net Worth | 986.52 | 189.61 | -22.96 |
| Reserves & Surplus | 445.77 | 143.61 | -23.96 |
| Total Borrowing | 2,344.67 | 1,728.68 | 1,121.82 |
About Qualitek Labs Limited Company
Qualitek Labs Limited Testing, Inspection, Homologation, and Certification, AdvisoryEstablished in 2018.
They have the Laboratory services as -
Automotive testing
Defence Product testing
Metals & Metallurgy testing
Mineral testing
Environment & water testing
Food and Agriculture
Pharma & Health Care
Associates with an automobile, defense and its products as well as mineral sectors, environment sectors, food agriculture sectors, pharmacy health care along with metals. There are Two laboratories in both Pune and Bhubaneshwar.
As of Jan 2024, the company has a total of 144 employees.
Qualitek Labs Limited - Promoter(s)
Alok Kumar Agarwal
Antaryami Nayak
Kamal Grover
TIC Services Private Limited
Pre Issue Share Holding : 99.99%
Post Issue Share Holding : 73.35%
Qualitek Labs Limited IPO - Issue Objectives
Funding capital expenditure towards the installation of plant and machinery for new & existing laboratories and expansion of laboratories
Repayment of unsecured loans to Promoter
Funding of working capital requirements
General corporate purposes.
Qualitek Labs Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Qualitek Labs Limited | 5.49 | 5.49 | 24.74 | 18.21 | 30.1 | 4.04 | Standalone |
| Choksi Laboratories Ltd. | 4.69 | N/A | N/A | 11.74 | 6.58 | N/A | Standalone |
Notes:
- For Qualitek Labs Limited, the Current Market Price is taken as the issue price of Equity Share.
- The P/E Ratio is based on the current market price of the respective scrips.
- The EPS and RoNW are taken as per the Restated Standalone Financial Statement for the Financial Year 2022-23.
Contact Details
Qualitek Labs Limited
73, National Park Lajpat Nagar- IV New Delhi, South Delhi - 110024
+011-41729056
Registrar Contact Details
Skyline Financial Services Private Ltd
02228511022
Qualitek Labs Limited IPO - FAQs
Ans. Qualitek Labs Limited IPO is a SME IPO. The issue is priced at ₹100 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Jan 18, 2024, and closes on Jan 23, 2024. Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Qualitek Labs Limited IPO opens on Jan 18, 2024 and closes on Jan 23, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Qualitek Labs Limited IPO is 1,964,400 shares(aggregating up to ₹19.64 Cr).
Ans. The Qualitek Labs Limited IPO price band is set between ₹100 per equity share.
Ans. To apply for Qualitek Labs Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Qualitek Labs 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 Qualitek Labs Limited IPO is Jan 24, 2024.
Ans. The Qualitek Labs Limited IPO will be listed on Jan 29, 2024.
Ans. Follow the steps to check the Qualitek Labs Limited IPO allotment status online.
