Quality RO Industries is engaged in the business of manufacturing, marketing and supplying components for water purifiers and softener equipment.
| Bidding Dates |
|---|
| 27 Jan 2022 - 01 Feb 2022 |
| Subscription |
|---|
| 7.26x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,02,000 | 1 | 1 | 2000 | 530.0 K | ₹51 | 72.54 % | ₹27.0 M | RHP DOC |
Quality RO Industries IPO SUBSCRIPTION STATUS
01 Feb '22Quality RO Industries IPO overall subscription rate was 7.26 times the total available shares
Quality RO Industries IPO retail subscription rate was 10.06 times in the retail segment
Quality RO Industries IPO non-institutional investor subscription rate was 4.46 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
31 Jan 2022 (Day 4) | 6.7x | 3.14x | - |
01 Feb 2022 (Day 5) | 10.06x | 4.46x | - |
28 Jan 2022 (Day 2) | 4.86x | 2.13x | - |
30 Jan 2022 (Day 3) | 4.86x | 2.13x | - |
27 Jan 2022 (Day 1) | 0.78x | 2.02x | - |
Quality RO Industries FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| FY21 | 0.2 | 1.7 | -5.4 | -16.7 |
Quality RO Industries IPO SUBSCRIPTION STATUS DETAILS
Quality RO Industries had 530.0 K shares on offer
Quality RO Industries IPO offer price was ₹51
Quality RO Industries IPO minimum Investment was ₹102000
Quality RO Industries IPO issue size was ₹ 27.0 M
Quality RO Industries had a minimum lot size of 2000 Shares per application
Quality RO Industries NUMBER OF SHARES ON OFFER
Quality RO Industries IPO IMPORTANT DATES
| Issue Open Date | 27 Jan 2022 |
| Issue close Date | 01 Feb 2022 |
| Allotment Date | 04 Feb 2022 |
| Refund Date | 07 Feb 2022 |
| Demat Account Credit Date | 08 Feb 2022 |
| Listing Date | 09 Feb 2022 |
| Listing on Exchange(s) | BSE |
| Quality RO Industries Allotment Status | Exchange |
Quality RO Industries IPO subscription opened on 27 Jan 2022, and closed on 01 Feb 2022
IPO allotment for Quality RO Industries was finalized on Friday, 04 Feb 2022
IPO listing for Quality RO Industries was on BSE on Wednesday, 09 Feb 2022
Quality RO Industries IPO LISTING GAINS
| Issue Price (adjusted) | 51.0 |
| Listing Open Price | 52.3 |
| Listing Close Price | 53.7 |
| Listing Gain% | 2.5% |
| Current Gain% | -27.6% |
Quality RO Industries Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Quality RO Industries Ltd. | 36.9 | 7.1 | -23.9 | 0.2 | 0.5 | -3.5 | -1.9 | 15.7 | -1.9 | -0.4 | -122.8 | -1.5 | -117.2 |
| Esab India Ltd. | 5631.5 | 8668.6 | 41.9 | 2.4 | 5.7 | 48.1 | 29.6 | 1514.2 | 9.6 | 206.7 | 17.8 | 134.3 | 17.8 |
| Shivalik Bimetal Controls Ltd. | 920.9 | 5304.8 | 50 | 1.7 | 8.6 | 19.9 | 15.1 | 583.1 | 11.9 | 95.9 | 24.4 | 18.4 | 29.3 |
| Ador Welding Ltd. | 1483.4 | 2581.5 | 22.7 | 0.1 | 2.2 | 14.8 | 9.8 | 1158.2 | 1.5 | 82 | 36.5 | 65.2 | 213.2 |
| Diffusion Engineers Ltd. | 441 | 1650.5 | 32.8 | 0.8 | 4.1 | 12.4 | 9.8 | 421.6 | 22.4 | 50.3 | 40.1 | 13.4 | 40.1 |
| Gala Precision Engineering Ltd. | 1036.4 | 1328.3 | 35.8 | 1 | 4.1 | 12.1 | 9.5 | 319.9 | 32.1 | 35.5 | 32.2 | 29 | 37.2 |
Quality RO Industries INFORMATION ON IPO ISSUE
About Quality RO Industries
Quality RO Industries is engaged in the business of manufacturing, marketing and supplying components for water purifiers and softener equipment.
Object of the Issue
- To meet the capital expenditure requirements
- Working capital requirements
- General corporate purpose
- Public issue expenses
Quality RO Industries - PROMOTERS
| Name |
|---|
| Vivek Dholiya |
Quality RO Industries Lead Manager
Shreni Shares Private Limited
shrenishares@gmail.com
Quality RO Industries Registrar to the issue
Skyline Financial Services Private Limited
compliances@skylinerta.com
Quality RO Industries Strengths
Experienced management and dedicated employee base
Experienced management team with significant experience in the industry
Repeat orders
Efforts to ensure customer satisfaction by taking steps for meeting customer-specific requirements, timely delivery of orders and maintaining consistency in quality and this has yielded results in the form of repeat orders from customers
Quality RO Industries Risks
Dependent on suppliers
The company on suppliers for raw materials for manufacturing of the product
Requires approvals or licenses
The company requires certain approvals or licenses in the ordinary course of business and the failure to renew, obtain or retain them in a timely manner, or at all, may adversely affect our operations.
IPO FAQs
Quality RO Industries Ltd. IPO listing opened at Rs 52.25 while the issue price was Rs 51.00 giving 2.45% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 51.00 giving -27.65% gains since its IPO listing.
The promoter of the company is Vivek Dholiya.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 51.0 - 51.0.
The IPO application opens on Jan 27, 2022 and closes on Feb 01, 2022.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 102,000.0, the maximum value for this IPO is Rs 102,000.0.
This IPO will be allotted on Feb 04, 2022.
The refund will be credited to your account on Feb 07, 2022.
The allotted shares will be credited to your demat on Feb 08, 2022.
Quality RO Industries Ltd.’s shares listed on the stock exchanges on Feb 09, 2022.