The Quest Laboratories Limited date has been confirmed from May 15, 2024 – May 17, 2024. Read the post to learn about Quest Laboratories Limited IPO GMP.
The Quest Laboratories IPO is a book built issue of Rs 43.16 crores. The issue is entirely a fresh issue of 44.5 lakh shares. The allotment for the Quest Laboratories IPO is expected to be finalized on Tuesday, May 21, 2024. Quest Laboratories IPO will list on NSE SME with tentative listing date fixed as Thursday, May 23, 2024.
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Key Details Of Quest Laboratories Limited IPO
Bidding Dates
May 15–17
Price Range
₹93 to ₹97 per share
Face Value
₹10 per share
GMP
₹80
Quest Laboratories Limited IPO GMP
The Quest Laboratories Limited IPO GMP is ₹80.
IPO Overview
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.
Quest Laboratories IPO opens for subscription on May 15, 2024 and closes on May 17, 2024. Quest Laboratories IPO price band is set at ₹93 to ₹97 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹116,400. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹232,800.
Quest Laboratories Limited IPO Details
| IPO Date | May 15, 2024 to May 17, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹93 to ₹97 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 4,449,600 shares (aggregating up to ₹43.16 Cr) |
| Fresh Issue | 4,449,600 shares (aggregating up to ₹43.16 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 11,937,600 |
| Share holding post issue | 16,387,200 |
| Market Maker portion | 228,000 shares Rikhav Securities |
Quest Laboratories Limited Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,869.09 | 4,664.72 | 3,479.86 | 1,839.63 |
| Revenue | 6,217.83 | 6,186.60 | 5,954.20 | 3,043.55 |
| Profit After Tax | 774.93 | 502.85 | 410.50 | 65.50 |
| Net Worth | 2,277.15 | 1,502.21 | 999.38 | 588.84 |
| Reserves and Surplus | 1,198.39 | 1,394.33 | 891.50 | 480.96 |
| Total Borrowing | 460.66 | 409.69 | 312.54 | 304.03 |
| Amount in ₹ Lakhs | ||||
Quest Laboratories Limited IPO Timeline
| IPO Open Date | Wednesday, May 15, 2024 |
| IPO Close Date | Friday, May 17, 2024 |
| Basis of Allotment | Tuesday, May 21, 2024 |
| Initiation of Refunds | Wednesday, May 22, 2024 |
| Credit of Shares to Demat | Wednesday, May 22, 2024 |
| Listing Date | Thursday, May 23, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 17, 2024 |
Company Profile
Quest Laboratories Ltd. has received WHO Gmp, Gmp, and GLP certifications from the FDA in Bhopal, Madhya Pradesh. They offer services for Institutional Supplies, Domestic Ethical, PCD, and Contract Manufacturing. They also have facilities for Exporting with any specified Formulation or Molecule. The Quest Journey has been outstanding. Despite not coming from a business background, individuals like Prakash Hingorani, Dr Motiwale, Shyam Gupta, Vijay Navlani, Manish Motwani, and my business friends have been incredibly supportive throughout our journey.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | bigshareonline.com |
Contact Details
| Name | Quest Laboratories Limited |
| Phone number | 07292292374 |
| Email ID | [email protected] |
| Website | questlabltd.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Quest Laboratories Limited IPO FAQs
When Quest Laboratories IPO will open?
The Quest Laboratories IPO opens on May 15, 2024 and closes on May 17, 2024.
What is the lot size of Quest Laboratories IPO?
Quest Laboratories IPO lot size is 1200 Shares, and the minimum amount required is ₹116,400.
When is Quest Laboratories IPO listing date?
The Quest Laboratories IPO listing date is not yet announced. The tentative date of Quest Laboratories IPO listing is Thursday, May 23, 2024.
