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Clinitech Laboratory Limited IPO (Clinitech Laboratory IPO) Detail

July 25, 2024 - July 29, 2024

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 opens for subscription on July 25, 2024 and closes on July 29, 2024. The allotment for the Clinitech Laboratory IPO is expected to be finalized on Tuesday, July 30, 2024. Clinitech Laboratory IPO will list on BSE SME with tentative listing date fixed as Thursday, 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.

First Overseas Capital Limited 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 Bhh Securities.

Refer to Clinitech Laboratory IPO DRHP for detailed information.

Clinitech Laboratory IPO Details

IPO Date July 25, 2024 to July 29, 2024
Listing Date [.]
Face Value ₹10 per share
Price ₹96 per share
Lot Size 1200 Shares
Total Issue Size602,400 shares
(aggregating up to ₹5.78 Cr)
Fresh Issue602,400 shares
(aggregating up to ₹5.78 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Share holding pre issue1,680,000
Share holding post issue2,282,400
Market Maker portion31,200 shares
Bhh Securities

Clinitech Laboratory IPO Reservation

Investor Category Shares Offered
Retail Shares Offered50% of the Net Issue
Other Shares Offered50% of the Net issue

Clinitech Laboratory IPO Timeline (Tentative Schedule)

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

Clinitech Laboratory IPO Lot Size

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

Clinitech Laboratory IPO Promoter Holding

The Promoters of the company are Jagdish Umakant Nayak and Jyoti Jagdish Nayak

Share Holding Pre Issue 83.63%
Share Holding Post Issue 61.56%

About Clinitech Laboratory Limited

Founded in 1990, Clinitech Laboratory Limited operates 8 diagnostic centres in and around Thane and Navi Mumbai, offering diagnostic and healthcare tests and services.

The company performs over 300,000 tests annually in its NABL (National Accreditation Board for Testing and Calibration Laboratories) accredited labs, which are equipped with modern technology and high-end equipment.

The medical testing facilities of the company in Airoli, Navi Mumbai have been awarded a Certificate of Accreditation by NABL (National Accreditation Board for Testing and Calibration Laboratories) in line with ISO 15189:2012.

As of December 31, 2023 the company employs 74 people in various departments.

Clinitech Laboratory Limited Financial Information (Restated)

Clinitech Laboratory Limited's revenue decreased by -1.45% and profit after tax (PAT) rose by 19.61% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets467.43603.33368.74273.32
Revenue308.12636.34645.70459.63
Profit After Tax6.7861.3151.2640.24
Net Worth244.86238.08184.81139.03
Reserves and Surplus94.8688.0834.8172.37
Total Borrowing81.59102.9188.6153.67
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Clinitech Laboratory IPO is Rs 21.91 Cr.

Pre IPO Post IPO
EPS (Rs) 3.650.59
P/E (x) 26.31161.59
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2023 that is available in RHP.

Clinitech Laboratory IPO Prospectus

Clinitech Laboratory IPO Rating

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Clinitech Laboratory Limited Contact Details

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/

Clinitech Laboratory IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Clinitech Laboratory IPO - Buy or Not

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Clinitech Laboratory IPO FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Clinitech Laboratory IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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.

The Clinitech Laboratory IPO listing date is not yet announced. The tentative date of Clinitech Laboratory IPO listing is Thursday, August 1, 2024.
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