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Qualitek Labs IPO is a fixed price issue of Rs 19.64 crores. The issue is entirely a fresh issue of 19.64 lakh shares.
Qualitek Labs IPO bidding started from January 18, 2024 and ended on January 23, 2024. The allotment for Qualitek Labs IPO was finalized on Wednesday, January 24, 2024. The shares got listed on BSE SME on January 29, 2024.
Qualitek Labs IPO price is ₹100 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹240,000.
Oneview Corporate Advisors Pvt. Ltd. is the book running lead manager of the Qualitek Labs IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Qualitek Labs IPO is Nikunj Stock Brokers.
Refer to Qualitek Labs IPO RHP for detailed information.
| IPO Date | January 18, 2024 to January 23, 2024 |
| Listing Date | January 29, 2024 |
| Face Value | ₹10 per share |
| Price | ₹100 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 1,964,400 shares (aggregating up to ₹19.64 Cr) |
| Fresh Issue | 1,964,400 shares (aggregating up to ₹19.64 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 5,407,500 |
| Share holding post issue | 7,371,900 |
| Market Maker portion | 99,600 shares Nikunj Stock Brokers |
Qualitek Labs IPO offers 1,964,400 shares. 932,400 (47.46%) to NII, 932,400 (47.46%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 99,600 (5.07%) |
| Other Shares Offered | 932,400 (47.46%) |
| Retail Shares Offered | 932,400 (47.46%) |
| Total Shares Offered | 1,964,400 (100%) |
Qualitek Labs IPO opens on January 18, 2024, and closes on January 23, 2024.
| IPO Open Date | Thursday, January 18, 2024 |
| IPO Close Date | Tuesday, January 23, 2024 |
| Basis of Allotment | Wednesday, January 24, 2024 |
| Initiation of Refunds | Thursday, January 25, 2024 |
| Credit of Shares to Demat | Thursday, January 25, 2024 |
| Listing Date | Monday, January 29, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 23, 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 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
| HNI (Min) | 2 | 2,400 | ₹240,000 |
| Lot Size Calculator | |||
Alok Kumar Agarwal, Antaryami Nayak, Kamal Grover, and TIC Services Private Limited are the promoters of the company.
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 73.35% |
Founded in 2018, Qualitek Labs Limited provides testing, inspection, homologation, certification, and consulting services.
The company's laboratory services include:
They collaborate with industries such as automotive, defence, metals and metallurgy, environment and water, minerals, food and agriculture, and pharma and healthcare.
The company has two testing laboratories in Pune and Bhubaneshwar.
As of Jan 2024, the company has a total of 144 employees.
Qualitek Labs Limited's revenue increased by 61.03% and profit after tax (PAT) rose by 161.43% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 4,409.68 | 3,955.61 | 2,219.86 | 1,459.88 |
| Revenue | 1,250.74 | 1,935.13 | 1,201.73 | 637.44 |
| Profit After Tax | 200.93 | 296.91 | 113.57 | 46.11 |
| Net Worth | 1,187.46 | 986.52 | 189.61 | -22.96 |
| Reserves and Surplus | 646.71 | 445.77 | 143.61 | -23.96 |
| Total Borrowing | 2,499.59 | 2,344.67 | 1,728.68 | 1,121.82 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Qualitek Labs IPO is Rs 73.72 Cr.
| KPI | Values |
|---|---|
| ROE | 50.49% |
| ROCE | 13.76% |
| RoNW | 30.10% |
| P/BV | 4.04 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.49 | 5.45 |
| P/E (x) | 18.21 | 18.34 |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company is operating in lab testing segment that is highly competitive and fragmented. Though it posted growth in its top and bottom lines for the reported periods, the sustainability of such margins going forward is a major concern. Based on its FY24 super earnings, the issue appears aggressively priced. There is no harm in skipping this pricey bet. Read detail review...
The Qualitek Labs IPO is subscribed 58.95 times on January 23, 2024 7:02:00 PM. The public issue subscribed 39.23 times in the retail category, times in the QIB category, and 69.37 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 69.37 |
| Retail | 39.23 |
| Total | 58.95 |
Total Application : 34,950 (37.46 times)
| Listing Date | January 29, 2024 |
| BSE Script Code | 544091 |
| NSE Symbol | |
| ISIN | INE0Q1R01012 |
| Final Issue Price | ₹100 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹100.00 |
| ₹190.00 |
| ₹190.00 |
| ₹199.50 |
| ₹199.50 |
Qualitek Labs Limited
73, National Park
Lajpat Nagar- IV
New Delhi, South Delhi - 110024
Phone: +011-41729056
Email: info@qualiteklab.com
Website: http://www.qualiteklab.com/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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Qualitek Labs IPO is a SME IPO of 1,964,400 equity shares of the face value of ₹10 aggregating up to ₹19.64 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200 Shares.
The IPO opens on January 18, 2024, and closes on January 23, 2024.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Qualitek Labs IPO using UPI as a payment gateway. Zerodha customers can apply in Qualitek Labs IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Qualitek Labs IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Qualitek Labs IPO opens on January 18, 2024 and closes on January 23, 2024.
Qualitek Labs IPO lot size is 1200 Shares, and the minimum amount required is ₹120,000.
You can apply in Qualitek Labs 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 Qualitek Labs IPO will be done on Wednesday, January 24, 2024, and the allotted shares will be credited to your demat account by Thursday, January 25, 2024. Check the Qualitek Labs IPO allotment status.
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Flippers have less qty now and 142 seems like a support level.
Accumulation can be done if goes below 142.
Valuations are still on upper side and no projections given by mgmt.
But capex is going on and 2 new labs are coming up, so revenue might increase by a large extent.