Quality RO Industries Limited IPO Detail
Headquartered in Gujarat, Quality RO Industries is engaged in the following areas:
- Manufacturing of water softener equipment,
- Contract manufacturing,
- Trading of RO equipment spares and associated products,
- Contractual logistics to local infrastructure and manufacturing companies.
As of November 30, 2021, the company has an installed capacity of (i) 70,000 units for Filters, 17,000 units for RO Bowl, and 25,000 units for RO Housing. The company has 7 employees at the registered office including its directors.
Competitive Strengths:
- Experienced management and dedicated employee base
- Repeat orders for satisfied customers
- Strong relationships with suppliers, ensuring quality and timely supplies of raw materials
- Cost-effective production and timely fulfilment of orders
Company Promoters
Mr. Vivek DholiyaIPO Details
| IPO Opening Date | Jan 27, 2022 |
| IPO Closing Date | Feb 01, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹51 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹2.70 Cr |
| Fresh Issue | ₹2.70 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0x | - | - | 2.02x | 0.78x | 1.40x |
| Day 2 | 0x | - | - | 2.13x | 4.86x | 3.50x |
| Day 3 | 0x | - | - | 2.28x | 6.29x | 4.28x |
| Day 4 | 0x | - | - | 4.46x | 10.06x | 7.26x |
IPO Tentative Timetable
The Quality RO Industries Limited IPO open date is Jan 27, 2022, and the close date is Feb 01, 2022. The issue may list on Feb 09, 2022.
| IPO Open Date | Jan 27, 2022 |
| IPO Close Date | Feb 01, 2022 |
| Basis of Allotment Date | Feb 04, 2022 |
| Initiation of Refunds | Feb 07, 2022 |
| Credit of Shares to Demat Account | Feb 08, 2022 |
| IPO Listing Date | Feb 09, 2022 |
IPO Lot Size
The Quality RO Industries Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹102000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹102000 |
| Maximum | 1 | 2000 | ₹102000 |
IPO Promoter Holding
| Pre Issue Share Holding | 84.00% |
| Post Issue Share Holding | 60.93% |
Company Financials:
For the year/period ended (₹ in Crs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 30-Nov-21 | 25.02 | 1.67 | 0.14 |
Objects of the Issue:
- To meet the capital expenditure requirements
- Working capital requirements
- General corporate purpose
- Public Issue Expenses
Quality RO Industries Limited IPO Registrar:
Skyline Financial Services Private Ltd
Quality RO Industries Limited IPO Lead Manager(s):
SHRENI SHARES PRIVATE LIMITED
Company Contact Information:
Quality RO Industries Limited
Plot No. 09, POR Industrial Park
NH 08 Behind Sahayog Hotel, Village POR
Vadodara
