Qualitek Labs IPO is a fixed price issue of Rs 19.64 crores. The issue is entirely a fresh issue of 19.64 lakh shares.
Qualitek Labs IPO opens for subscription on January 18, 2024 and closes on January 22, 2024. The allotment for the Qualitek Labs IPO is expected to be finalized on Tuesday, January 23, 2024. Qualitek Labs IPO will list on BSE SME with tentative listing date fixed as Thursday, January 25, 2024.
Qualitek Labs IPO 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.
Oneview Corporate Advisors Private Limited is the book running lead manager of the Qualitek Labs IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Qualitek Labs IPO is Nikunj Stock Brokers.
Refer to Qualitek Labs IPO RHP for detailed information.
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 Nikunj Stock Brokers |
Qualitek Labs IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Qualitek Labs IPO Timeline (Tentative Schedule)
Qualitek Labs IPO opens on January 18, 2024, and closes on January 22, 2024.
| 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 |
Qualitek Labs IPO Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
| HNI (Min) | 2 | 2,400 | ₹240,000 |
| Lot Size Calculator | |||
Qualitek Labs IPO Promoter Holding
Alok Kumar Agarwal, Antaryami Nayak, Kamal Grover, and TIC Services Private Limited are the promoters of the company.
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 73.35% |
About Qualitek Labs Limited
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 has two testing laboratories in Pune and Bhubaneshwar.
As of January 2024, the company has a total of 144 employees.
Qualitek Labs Limited Financial Information (Restated Standalone)
Qualitek Labs Limited’s revenue increased by 61.03% and profit after tax (PAT) rose by 161.43% between the financial year ending with March 31, 2023 and March 31, 2022.
| 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 | ||||
Key Performance Indicator
The market capitalization of Qualitek Labs IPO is Rs 73.72 Cr.
| KPI | Values |
|---|---|
| ROE | 50.49% |
| ROCE | 13.76% |
| RoNW | 30.10% |
| P/BV | 4.04 |
Check Qualitek Labs IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.49 | 5.45 |
| P/E (x) | 18.21 | 18.34 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2023 that is available in RHP.
Objects of the Issue (Qualitek Labs IPO Objectives)
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Funding capital expenditure towards the installation of plant and machinery for new & existing laboratories and expansion of laboratories;
- Repayment of unsecured loans to Promoter;
- Funding of working capital requirements; and
- General corporate purposes.
Qualitek Labs IPO Review (Avoid)
[Dilip Davda] The company is operating in lab testing segment that is highly competitive and fragmented. Though it posted growth in its top and bottom lines for the reported periods, the sustainability of such margins going forward is a major concern. Based on its FY24 super earnings, the issue appears aggressively priced. There is no harm in skipping this pricey bet. Read detail review…
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Qualitek Labs Limited Contact Details
Qualitek Labs Limited
73, National Park
Lajpat Nagar- IV
New Delhi, South Delhi – 110024
Phone: +011-41729056
Email: info@qualiteklab.com
Website: http://www.qualiteklab.com/
Qualitek Labs IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php