Qualitek Labs is scheduled to hit the market on January 18, 2024 and close on January 22, 2024. Qualitek Labs plans to raise around ₹19.64 Cr through an IPO with a sale of up to 1,964,400 equity shares of ₹10 each. The Retail offered 50%, Others Offered 50%.
Established in 2018, Qualitek Labs Limited specializes in delivering a comprehensive suite of services, encompassing testing, inspection, homologation, certification, and consulting. The company operates in various domains, offering its expertise across diverse industries.
Qualitek Labs Limited boasts a range of laboratory services tailored to meet industry-specific needs. Their offerings cover an extensive array of testing categories, including Automotive Testing, Defence Product Testing, Metals & Metallurgy Testing, Mineral Testing, Environment & Water Testing, and Food and Agriculture Testing. Additionally, the company extends its services to the Pharma & Healthcare sector. With state-of-the-art testing facilities, Qualitek Labs Limited operates laboratories in Pune and Bhubaneshwar to cater to the evolving needs of its clients.
Qualitek Labs IPO Details
Qualitek Labs IPO opens on Jan 18, 2024, and closes on Jan 22, 2024. The Listing date for Qualitek Labs IPO is on Jan 25, 2024. The price band for IPO is ₹100 per share and lot size of 1200 Shares.
| IPO Date | Jan 18, 2024 to Jan 22, 2024 |
| Listing Date | Jan 25, 2024 |
| Price | ₹100 per share |
| Lot Size | 1200 Shares |
| Issue Size | ₹19.64 Cr |
| Face Value | ₹10 per share |
Qualitek Labs IPO Tentative Timetable
Qualitek Labs opening date is January 18, 2024 and close date is January 22, 2024. The IPO allotment date is January 23, 2024. The refund initiation of IPO is on January 24, 2024. The credit of shares in demat account is on January 24, 2024. The listing date is on January 25, 2024.
| Event | Date |
|---|---|
| IPO Opening | Jan 18, 2024 |
| IPO Closing | Jan 22, 2024 |
| IPO Allotment Date | Jan 23, 2024 |
| Refund Initiation | Jan 24, 2024 |
| Shares Credit to Demat | Jan 24, 2024 |
| Lisiting Date | Jan 25, 2024 |
Qualitek Labs IPO Lot Size
Lot Size of this IPO is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹120,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1200 | ₹120,000 |
| Retail(Maximum) | 1 | 1200 | ₹120,000 |
| HNI (Minimum) | 2 | 2400 | ₹240,000 |
Qualitek Labs IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 73.35% |
Qualitek Labs IPO Review
On a standalone basis, QLL posted a total income/net profit of Rs. 6.37 cr./Rs. 0.46 cr. (FY21), Rs. 12.02 cr./Rs. 1.14 cr. (FY22), and Rs. 19.35 cr./Rs. 2.97 cr. (FY23). The sudden boost in bottom lines over the last 18 months may raise concerns about potential window dressing to align with the IPO valuation. Additionally, the company has not declared any dividends for the reported financial years.
The IPO is priced at Rs. 100 per share, aiming to achieve a market cap of Rs. 73.72 crore. Post-IPO, the company's P/BV stands at 2.50 based on its NAV of Rs. 40.03 as of September 30, 2023. The issue appears aggressively priced, especially when considering a P/E of 18.35 based on annualized FY24 earnings. Investors may find the valuation challenging to justify, especially given the concerns about sustained margins and intense competition in the lab testing segment.
While QLL operates in a specialized industry, potential investors should exercise caution. The delayed release of the prospectus and concerns about the sustainability of reported margins raise red flags. The aggressive pricing of the IPO, coupled with the competitive landscape, makes it a risky proposition. Skipping this pricey bet might be a prudent move until more clarity emerges regarding the company's future performance and competitive positioning.
Qualitek Labs IPO Subscription Status (Bidding Details)
Table not foundQualitek Labs IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Qualitek Labs IPO FAQs
What is Qualitek Labs IPO?
Qualitek Labs is issuing 1,964,400 equity shares with a face value of ₹10 each, totaling up to ₹19.64 Cr. The shares are being offered at a price of ₹100 each, with a minimum order quantity of 1200 shares.
Skyline Financial Services Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Qualitek Labs IPO will open?
Qualitek Labs will open on January 18, 2024 for QIB, NII, and Retail Investors.
When Qualitek Labs IPO will end?
Qualitek Labs will end on January 22, 2024.
What is Qualitek Labs IPO Size?
Qualitek Labs IPO size is ₹19.64 Cr.
What is Qualitek Labs IPO Price Band?
Qualitek Labs price band is ₹100 per share.
What is the Qualitek Labs IPO Allotment Date?
Qualitek Labs allotment date is January 23, 2024.
What is the Qualitek Labs IPO Listing Date?
Qualitek Labs listing date is January 25, 2024. The IPO is to be listed on BSE and NSE.
How to Qualitek Labs IPO through Zerodha?
To apply for the IPO “Qualitek Labs” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Qualitek Labs IPO through Upstox?
To apply for the IPO “Qualitek Labs” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Qualitek Labs IPO Allotment Status?
For Qualitek Labs IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Qualitek Labs IPO GMP?
You can check out here: Qualitek Labs IPO GMP