Qualitek Labs Limited IPO Detail
Founded in 2018, Qualitek Labs Limited provides testing, inspection, homologation, certification, and consulting services.
The company's laboratory services include:
- Automotive Testing
- Defence Product Testing
- Metals & Metallurgy Testing
- Mineral Testing
- Environment & Water Testing
Company Promoters
Alok Kumar Agarwal, Antaryami Nayak, Kamal Grover, and TIC Services Private LimitedIPO Details
| IPO Opening Date | Jan 18, 2024 |
| IPO Closing Date | Jan 22, 2024 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹100 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | BSE SME |
| Issue Size | ₹19.64 Cr |
| Fresh Issue | ₹19.64 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | - | - | 0.06x | 0.64x | 0.35x |
| Day 2 | 0.00x | - | - | 1.60x | 10.11x | 7.86x |
| Day 3 | 0.00x | - | - | 1.60x | 10.11x | 7.86x |
IPO Tentative Timetable
The Qualitek Labs Limited IPO open date is Jan 18, 2024, and the close date is Jan 22, 2024. The issue may list on Jan 25, 2024.
| IPO Open Date | Jan 18, 2024 |
| IPO Close Date | Jan 22, 2024 |
| Basis of Allotment Date | Jan 23, 2024 |
| Initiation of Refunds | Jan 24, 2024 |
| Credit of Shares to Demat Account | Jan 24, 2024 |
| IPO Listing Date | Jan 25, 2024 |
IPO Lot Size
The Qualitek Labs Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹120000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹120000 |
| Maximum | 1 | 1200 | ₹120000 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 73.35% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 1459.88 | 637.44 | 46.11 |
| 31-Mar-22 | 2219.86 | 1201.73 | 113.57 |
| 31-Mar-23 | 3955.61 | 1935.13 | 296.91 |
| 30-Sep-23 | 4409.68 | 1250.74 | 200.93 |
Objects of the Issue:
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- 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; and
- General corporate purposes.
Qualitek Labs Limited IPO Registrar:
Skyline Financial Services Private Ltd
Qualitek Labs Limited IPO Lead Manager(s):
Oneview Corporate Advisors Private Limited
Company Contact Information:
Qualitek Labs Limited
73, National Park
Lajpat Nagar- IV
New Delhi, South Delhi - 110024
