Qualitek Labs Limited IPO

Price
₹100
Lot
1200
Subs.
58.95
Expected Listing Earning

Exp. Premium(GMP):
60.00(60.00%)
IPO Details

Open Date: 18-Jan-2024
Close Date: 23-Jan-2024
Allotment Date: 24-Jan-2024
Listing Date: 29-Jan-2024
Listing Price: N/A
Face Value: ₹10 Per Equity Share
Issue Price: ₹100 Per Equity Share
Issue Size: Total Issue Size 1,964,400 shares (aggregating up to ₹19.64 Cr) : Fresh Issue 1,964,400 shares (aggregating up to ₹19.64 Cr)
Market Lot (Min Amount): Retail - ₹120,000 : HNI - ₹240,000
Subscription Details Updated at End of the Day

As on

QIB / Nll

Rll

Total

Shares Offered/Reserved932,400932,4001,864,800
Day 1 - 18-01-24 
05:00 PM
0.06x0.64x0.35x
Day 2 - 19-01-24 
05:00 PM
1.60x10.11x7.86x
Day 3 - 23-01-24 
05:00 PM
69.37x39.23x58.95x
Total No. of Application:34,950 (Approx.)
Retail Subscription on the basis of Apps:37.46x
Valuations

Earning Per Share(EPS)5.49/-
P/E Ratio18.21
RoNW30.10%
Net Asset Value (NAV) - Post Issue:24.74/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Sep,20234,409.681,250.74200.93
31 Mar,20233,955.611,935.13296.91
31 Mar,20222,219.861,201.73113.57
31 Mar,20211,459.88637.4446.11
Promoter(s)

Pre Issue Share Holding99.99%
Post Issue Share Holding73.35%
Company Promoter(s)
1. Alok Kumar Agarwal
2. Antaryami Nayak
3. Kamal Grover
4. TIC Services Private Limited
Issue Objective(s)

The company intends to utilize the net proceeds from the issue towards the funding of 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.
About Company

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
  • Food and Agriculture Testing
  • Pharma & Healthcare

They 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.

Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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