Clinitech Laboratory Limited IPO Detail
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.
Company Promoters
Jagdish Umakant Nayak, Jyoti Jagdish Nayak, and Ashutosh Jagdish Nayak are the promoters of the company.IPO Details
| IPO Opening Date | Jul 25, 2024 |
| IPO Closing Date | Jul 29, 2024 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹96 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | BSE SME |
| Issue Size | ₹5.78 Cr |
| Fresh Issue | 602,400 shares (aggregating up to ₹5.78 Cr) |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | 0.00x | 0.00x | 0.62x | 4.33x | 2.61x |
| Day 2 | 0.00x | 0.00x | 0.00x | 1.33x | 10.10x | 6.03x |
| Day 3 | 0.00x | 0.00x | 0.00x | 23.28x | 49.61x | 38.96x |
IPO Tentative Timetable
The Clinitech Laboratory Limited IPO open date is Jul 25, 2024, and the close date is Jul 29, 2024. The issue may list on Aug 01, 2024.
| IPO Open Date | Jul 25, 2024 |
| IPO Close Date | Jul 29, 2024 |
| Basis of Allotment Date | Jul 30, 2024 |
| Initiation of Refunds | Jul 31, 2024 |
| Credit of Shares to Demat Account | Jul 31, 2024 |
| IPO Listing Date | Aug 01, 2024 |
IPO Lot Size
The Clinitech Laboratory Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹115200).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹115200 |
| Maximum | 1 | 1200 | ₹115200 |
IPO Promoter Holding
| Pre Issue Share Holding | 83.63% |
| Post Issue Share Holding | 61.56% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-24 | 560.79 | 643.92 | 37.12 |
| 31-Mar-23 | 603.33 | 636.34 | 61.31 |
| 31-Mar-22 | 368.74 | 645.70 | 51.26 |
Objects of the Issue:
The Company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Expansion of Diagnostic Centres; and
- General Corporate Purposes.
Clinitech Laboratory Limited IPO Registrar:
Bigshare Services Pvt Ltd
Clinitech Laboratory Limited IPO Lead Manager(s):
Inventure Merchant Banker Services Pvt Ltd
Company Contact Information:
Clinitech Laboratory Limited
AL-1/545, Sector 16, Airoli Opposite Radhikabai Meghe Vidyalaya
Thane
Navi Mumbai
