Qualitek Labs was incorporated on May 17, 2018. The company is primarily engaged in the business of providing testing, inspection, homologation, certification and consultancy services to various industries viz the automotive, defence, metals & metallurgy, environment and water, minerals, food & agriculture, pharma & healthcare.
| Bidding Dates |
|---|
| 18 Jan 2024 - 23 Jan 2024 |
| Subscription |
|---|
| 56.01x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,20,000 | 1 | 1 | 1200 | 2.0 M | ₹100 | 73.35 % | ₹196.4 M | RHP DOC |
Qualitek Labs IPO SUBSCRIPTION STATUS
23 Jan '24Qualitek Labs IPO overall subscription rate was 56.01 times the total available shares
Qualitek Labs IPO retail subscription rate was 37.24 times in the retail segment
Qualitek Labs IPO non-institutional investor subscription rate was 74.78 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
23 Jan 2024 (Day 3) | 37.24x | 74.78x | - |
19 Jan 2024 (Day 2) | 9.6x | 5.42x | - |
18 Jan 2024 (Day 1) | 3.57x | 0.4x | - |
Qualitek Labs 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) | Margins |
| H1FY24 | 20.1 | 124.9 | 45.1 | -13.9 | 30.2% |
| FY23 | 29.7 | 191.4 | 71.8 | -101.4 | 28.8% |
| FY22 | 11.4 | 119.7 | -51.2 | -68.5 | 19.7% |
| FY21 | 4.6 | 63.5 | 13.5 | -47.1 | 16.6% |
Qualitek Labs IPO SUBSCRIPTION STATUS DETAILS
Qualitek Labs had 2.0 M shares on offer
Qualitek Labs IPO offer price was ₹100
Qualitek Labs IPO minimum Investment was ₹120000
Qualitek Labs IPO issue size was ₹ 196.4 M
Qualitek Labs had a minimum lot size of 1200 Shares per application
Qualitek Labs NUMBER OF SHARES ON OFFER
Qualitek Labs IPO IMPORTANT DATES
| Issue Open Date | 18 Jan 2024 |
| Issue close Date | 23 Jan 2024 |
| Allotment Date | 24 Jan 2024 |
| Refund Date | 25 Jan 2024 |
| Demat Account Credit Date | 25 Jan 2024 |
| Listing Date | 29 Jan 2024 |
| Listing on Exchange(s) | BSE |
| Qualitek Labs Allotment Status | Exchange |
Qualitek Labs IPO subscription opened on 18 Jan 2024, and closed on 23 Jan 2024
IPO allotment for Qualitek Labs was finalized on Wednesday, 24 Jan 2024
IPO listing for Qualitek Labs was on BSE on Monday, 29 Jan 2024
Qualitek Labs IPO LISTING GAINS
| Issue Price (adjusted) | 100.0 |
| Listing Open Price | 190.0 |
| Listing Close Price | 199.5 |
| Listing Gain% | 90.0% |
| Current Gain% | 350.0% |
Qualitek Labs 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Qualitek Labs Ltd. | 450 | 331.7 | 30.8 | 0.4 | 2.7 | 9.6 | 5.4 | 125 | 76.8 | 14.6 | 131.7 | 14.6 | 71.2 |
| Central Mine Planning & Design Institute Ltd. | 250.1 | 17860 | 26.8 | 18.8 | 2397.4 | 10.1 | 613.2 | -8.1 | |||||
| Engineers India Ltd. | 240.6 | 13522.7 | 19.6 | 1 | 3.4 | 22 | 11.8 | 4123.2 | 27 | 691.6 | 19.3 | 12.3 | 19.3 |
| Monarch Surveyors and Engineering Consultants Ltd. | 231 | 327 | 8.8 | 16.1 | 13.8 | 176.8 | 13.6 | 37.2 | 6.9 | 26.3 | |||
| Likhami Consulting Ltd. | 299 | 297.5 | 934.7 | 96.6 | 374 | 0.7 | 0.7 | 0.8 | 15.9 | 0.2 | 6.4 | 0.3 | 9.7 |
| EKI Energy Services Ltd. | 84.2 | 232.6 | -15.5 | 0 | 2.7 | -3.9 | -2.7 | 105 | -75.2 | -15 | -1681.3 | -5.4 | -1144.9 |
Qualitek Labs INFORMATION ON IPO ISSUE
About Qualitek Labs
Qualitek Labs was incorporated on May 17, 2018. The company is primarily engaged in the business of providing testing, inspection, homologation, certification and consultancy services to various industries viz the automotive, defence, metals & metallurgy, environment and water, minerals, food & agriculture, pharma & healthcare.
Object of the Issue
- Funding capital expenditure towards installation of plant and machinery for new & existing laboratories and for expansion of laboratories
- Repayment of unsecured loans to promoter
- Funding of working capital requirements
- General corporate purposes
Qualitek Labs Strengths
Established brand name
Qualitek Labs is an accredited laboratory company formed by industry professionals having more than decades of experience in their respective fields of expertise. It has a system of internal controls to ensure that all the assets are safeguarded and are productive
End-to-end solutions
The company offers end-to-end testing solutions to evaluate automotive materials, components, assemblies and full vehicles as per Indian and International standards like ASTM, IS, ISO, JIS, SAE, DIN, Specific OEM Standards etc.
Qualitek Labs Risks
Certain legal proceedings
The company, its promoters and the group company are involved in certain legal proceedings. Any adverse decision in such proceedings may render them liable to liabilities/penalties and may adversely affect the business
Competition
The industry segments in which the company operates are fragmented, it faces competition from other players, which may affect the business operations and financial conditions
IPO FAQs
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 100.0 - 100.0.
The IPO application opens on Jan 18, 2024 and closes on Jan 23, 2024.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 120,000.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on Jan 24, 2024.
The refund will be credited to your account on Jan 25, 2024.
The allotted shares will be credited to your demat on Jan 25, 2024.
Qualitek Labs Ltd.’s shares listed on the stock exchanges on Jan 29, 2024.