Quest Laboratories Limited IPO Detail
Incorporated in June 1998, Quest Laboratories Limited is a pharmaceutical company manufacturing a range of antibiotics, antimalarials, antispasmodics, anti-inflammatories, antiemetics, respiratory medications, diabetes treatments, antidepressants, and more.
The company operates in the domestic market across twelve (12) states and two (2) union territories. These include Uttar Pradesh, Madhya Pradesh, Maharashtra, Delhi, Jharkhand, Assam, Karnataka, Jammu & Kashmir, Rajasthan, West Bengal, Gujarat, Telangana, Haryana, and Bihar.
The manufacturing unit of the company is located in Dhar, Madhya Pradesh.
The company holds WHO Schedule M GMP and GLP certifications, as well as ISO/IEC 17025:2017 and ISO 9001:2015 certifications.
By December 31st, 2023, the company employs 83 individuals to lookafter various aspects of its manufacturing operations, including production, quality control, technical and engineering support services, inventory management, administration, accounting, and other functions such as storage, packing, and dispatch.
Company Promoters
Mr. Anil Kumar Sabarwal and Ms. Tejaswini Sabarwal.IPO Details
| IPO Opening Date | May 15, 2024 |
| IPO Closing Date | May 17, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹93 - 97 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | NSE SME |
| Issue Size | ₹43.16 Cr |
| Fresh Issue | ₹43.16 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.01x | 0.00x | 0.00x | 0.76x | 2.17x | 1.26x |
| Day 2 | 0.01x | 0.00x | 0.00x | 2.39x | 6.34x | 3.71x |
| Day 3 | 57.20x | 0.00x | 0.00x | 184.10x | 57.63x | 85.26x |
IPO Tentative Timetable
The Quest Laboratories Limited IPO open date is May 15, 2024, and the close date is May 17, 2024. The issue may list on May 23, 2024.
| IPO Open Date | May 15, 2024 |
| IPO Close Date | May 17, 2024 |
| Basis of Allotment Date | May 21, 2024 |
| Initiation of Refunds | May 22, 2024 |
| Credit of Shares to Demat Account | May 22, 2024 |
| IPO Listing Date | May 23, 2024 |
IPO Lot Size
The Quest Laboratories Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹116400).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹116400 |
| Maximum | 1 | 1200 | ₹116400 |
IPO Promoter Holding
| Pre Issue Share Holding | 90.36% |
| Post Issue Share Holding | 65.82% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 1839.63 | 3043.55 | 65.50 |
| 31-Mar-22 | 3479.86 | 5954.20 | 410.50 |
| 31-Mar-23 | 4664.72 | 6186.60 | 502.85 |
| 31-Dec-23 | 5869.09 | 6217.83 | 774.93 |
Objects of the Issue:
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- Funding of capital expenditure towards purchase of plant and machinery for expansion at the existing manufacturing facility;
- Funding working capital requirements of the company;
- General corporate purposes;
Quest Laboratories Limited IPO Registrar:
Bigshare Services Pvt Ltd
Quest Laboratories Limited IPO Lead Manager(s):
Shreni Shares Limited
Company Contact Information:
Quest Laboratories Limited
Plot No. 45, Sector 3
Pithampur Industrial Area, Pithampur
Dhar - 454775
