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Clinitech Laboratory IPO is a fixed price issue of Rs 5.78 crores. The issue is entirely a fresh issue of 6.02 lakh shares.
Clinitech Laboratory IPO bidding started from July 25, 2024 and ended on July 29, 2024. The allotment for Clinitech Laboratory IPO was finalized on Tuesday, July 30, 2024. The shares got listed on BSE SME on August 1, 2024.
Clinitech Laboratory IPO price is ₹96 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹115,200. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹230,400.
Inventure Merchant Banker Services Pvt Ltd is the book running lead manager of the Clinitech Laboratory IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Clinitech Laboratory IPO is Svcm Securities.
Refer to Clinitech Laboratory IPO RHP for detailed information.
| IPO Date | July 25, 2024 to July 29, 2024 |
| Listing Date | August 1, 2024 |
| Face Value | ₹10 per share |
| Price | ₹96 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 602,400 shares (aggregating up to ₹5.78 Cr) |
| Fresh Issue | 602,400 shares (aggregating up to ₹5.78 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 1,680,000 |
| Share holding post issue | 2,282,400 |
| Market Maker portion | 31,200 shares Svcm Securities |
Clinitech Laboratory IPO offers 602,400 shares. 301,200 (50.00%) to NII, 301,200 (50.00%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 31,200 (5.18%) |
| Other Shares Offered | 301,200 (50.00%) |
| Retail Shares Offered | 301,200 (50.00%) |
| Total Shares Offered | 602,400 (100%) |
Clinitech Laboratory IPO opens on July 25, 2024, and closes on July 29, 2024.
| IPO Open Date | Thursday, July 25, 2024 |
| IPO Close Date | Monday, July 29, 2024 |
| Basis of Allotment | Tuesday, July 30, 2024 |
| Initiation of Refunds | Wednesday, July 31, 2024 |
| Credit of Shares to Demat | Wednesday, July 31, 2024 |
| Listing Date | Thursday, August 1, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 29, 2024 |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below 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 | ₹115,200 |
| Retail (Max) | 1 | 1200 | ₹115,200 |
| HNI (Min) | 2 | 2,400 | ₹230,400 |
| Lot Size Calculator | |||
Jagdish Umakant Nayak, Jyoti Jagdish Nayak, and Ashutosh Jagdish Nayak are the promoters of the company.
| Share Holding Pre Issue | 83.63% |
| Share Holding Post Issue | 61.56% |
Founded in 1990, Clinitech Laboratory Limited provides diagnostic and health testing and services.
The company performs more than 150 tests in its centres, which are divided into different categories: Biochemical Tests, Immunology Tests, Hematology Tests, Molecular Biology Tests, Serology Tests, Microbiology Tests and Histopathology Tests.
Clinitech Laboratory has eight diagnostic centres around Thane and Navi Mumbai. The company conducts more than 3 lakh tests per year in its NABL (National Accreditation Board for Testing and Calibration Laboratories) accredited laboratories equipped with modern technology and high quality equipment.
The company's medical testing facilities at Airoli, Navi Mumbai, have been 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's revenue increased by 1.19% and profit after tax (PAT) dropped by -39.46% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 560.79 | 603.33 | 368.74 | 273.32 |
| Revenue | 643.92 | 636.34 | 645.70 | 459.63 |
| Profit After Tax | 37.12 | 61.31 | 51.26 | 40.24 |
| Net Worth | 354.80 | 238.08 | 184.81 | 139.03 |
| Reserves and Surplus | 186.80 | 88.08 | 34.81 | 72.37 |
| Total Borrowing | 86.31 | 102.91 | 88.61 | 53.67 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Clinitech Laboratory IPO is Rs 21.91 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| Debt/Equity | 0.24 |
| RoNW | 10.46% |
| P/BV | 4.55 |
| PAT Margin (%) | 5.76 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.21 | 1.63 |
| P/E (x) | 43.45 | 59.03 |
The Company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. It marked almost static top lines for the reported periods and boosted bottom line for FY24. Based on FY24 super earnings, the issue is exorbitantly priced. There is no harm in skipping this risky bet. Read detail review...
The Clinitech Laboratory IPO is subscribed 38.96 times on July 29, 2024 6:19:07 PM. The public issue subscribed 49.61 times in the retail category, times in the QIB category, and 23.28 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 23.28 |
| Retail | 49.61 |
| Total | 38.96 |
Total Application : 18,408 (73.34 times)
| Listing Date | August 1, 2024 |
| BSE Script Code | 544220 |
| NSE Symbol | |
| ISIN | INE0QMR01015 |
| Final Issue Price | ₹96 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹96.00 |
| ₹115.00 |
| ₹110.00 |
| ₹120.75 |
| ₹120.75 |
Clinitech Laboratory Limited
AL-1/545, Sector 16, Airoli
Opposite Radhikabai Meghe Vidyalaya
Navi Mumbai, Thane - 400708,
Phone: +91 22 27792281
Email: ipo@clinitechlab.com
Website: https://clinitechlab.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Clinitech Laboratory IPO is a SME IPO of 602,400 equity shares of the face value of ₹10 aggregating up to ₹5.78 Crores. The issue is priced at ₹96 per share. The minimum order quantity is 1200 Shares.
The IPO opens on July 25, 2024, and closes on July 29, 2024.
Bigshare 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 Clinitech Laboratory IPO using UPI as a payment gateway. Zerodha customers can apply in Clinitech Laboratory IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Clinitech Laboratory IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Clinitech Laboratory IPO opens on July 25, 2024 and closes on July 29, 2024.
Clinitech Laboratory IPO lot size is 1200 Shares, and the minimum amount required is ₹115,200.
You can apply in Clinitech Laboratory IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Clinitech Laboratory IPO will be done on Tuesday, July 30, 2024, and the allotted shares will be credited to your demat account by Wednesday, July 31, 2024. Check the Clinitech Laboratory IPO allotment status.
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Is something wrong with clinitech as i cannot find it on NSE
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