IPO Issue Details
Issue Price / Price Band₹100 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,200 Shares per Lot
Total Issue Size19,64,400 shares (aggregating up to ₹19.64 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenThu, 18 Jan 2024
Subscription CloseTue, 23 Jan 2024
Anchor AllotmentWed, 17 Jan 2024
Basis of AllotmentWed, 24 Jan 2024
Initiation of RefundsThu, 25 Jan 2024
Credit of Shares to DematThu, 25 Jan 2024
Listing DateMon, 29 Jan 2024
UPI Mandate Deadline2024-01-23
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 1,200 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 2,400 shares
EPS (Pre-IPO)₹5.49
EPS (Post-IPO)₹5.45
P/E Ratio (Pre-IPO)18.21x
P/E Ratio (Post-IPO)18.34x
Net Offer to Public18,64,800 shares (aggregating up to ₹18.65 Cr)
Reserved for Market Maker99,600 shares (aggregating up to ₹0.9960 Cr)
Pre-IPO Promoter Holding54,07,500 shares
Post-IPO Promoter Holding73,71,900 shares
About Qualitek Labs Ltd
Founded in 2018, Qualitek Labs Limited provides testing, inspection, homologation, certification, and consulting services.The company's laboratory services include:Automotive TestingDefence Product TestingMetals & Metallurgy TestingMineral TestingEnvironment & Water TestingFood and Agriculture TestingPharma & HealthcareThey 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.
Objects of the Issue
Qualitek Labs Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Funding capital expenditure towards the installation of plant and machinery for new & existing laboratories and expansion of laboratories;
2
Repayment of unsecured loans to Promoter;
3
Funding of working capital requirements; and
4
General corporate purposes.
Shareholding & Lock-in
Pre-IPO Promoter Holding
54,07,500 shares
Post-IPO Promoter Holding
73,71,900 shares