The Qualitek Labs date has been confirmed from January 18, 2024 and closes on January 22, 2024.
Qualitek Labs Developers IPO is a fixed price issue of Rs 19.64 crores. The price is ₹100 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹240,000.
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Bidding Dates
January 18-22
Price Range
₹100 per share
Face Value
₹10 per share
GMP
₹68
Qualitek Labs IPO GMP
The Qualitek Labs IPO GMP is ₹68.
IPO Overview
Qualitek Labs’ IPO is a fixed-price offering of Rs 19.64 crore. The offering is totally new, totaling 19.64 lakh shares. Qualitek Labs’ initial public offering (IPO) will begin on January 18, 2024 and end on January 22, 2024. The allotment for Qualitek Labs’ IPO is expected to be finalised on Tuesday, January 23, 2024. Qualitek Labs’ IPO will be listed on the BSE SME, with a tentative listing date of Thursday, January 25, 2024. Qualitek Labs’ IPO price is ₹100 per share.
The minimum lot size for an application is 1200 shares. Retail investors demand a minimum investment of ₹120,000. The minimum investment for HNI is 2 lots (2,400 shares) worth ₹240,000.
Qualitek Labs IPO Details
| IPO Date | January 18, 2024 to January 22, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹100 per share |
| Lot Size | 1200 Shares |
| 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) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 5,407,500 |
| Share holding post issue | 7,371,900 |
| Market Maker portion | 99,600 shares |
Qualitek Labs Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 4,409.68 | 3,955.61 | 2,219.86 | 1,459.88 |
| Revenue | 1,250.74 | 1,935.13 | 1,201.73 | 637.44 |
| Profit After Tax | 200.93 | 296.91 | 113.57 | 46.11 |
| Net Worth | 1,187.46 | 986.52 | 189.61 | -22.96 |
| Reserves and Surplus | 646.71 | 445.77 | 143.61 | -23.96 |
| Total Borrowing | 2,499.59 | 2,344.67 | 1,728.68 | 1,121.82 |
| Amount in ₹ Lakhs | ||||
Qualitek Labs IPO Timeline
| IPO Open Date | Thursday, January 18, 2024 |
| IPO Close Date | Monday, January 22, 2024 |
| Basis of Allotment | Tuesday, January 23, 2024 |
| Initiation of Refunds | Wednesday, January 24, 2024 |
| Credit of Shares to Demat | Wednesday, January 24, 2024 |
| Listing Date | Thursday, January 25, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 22, 2024 |
Company Profile
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
The company operates two testing labs in Pune and Bhubaneshwar. As of January 2024, the company had 144 employees.
Registrar Info
| Name | Skyline Financial Services Private Ltd |
| Phone number | 02228511022 |
| Email ID | ipo@skylinerta.com |
| Website | skylinerta.com |
Contact Details
| Name | Qualitek Labs Limited |
| Phone number | +011-41729056 |
| Email ID | info@qualiteklab.com |
| Website | qualiteklab.com |
IPO Strenghts
- 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.
