Clinitech Laboratory IPO will open for subscription from 25 July 2024. The company aims for an issue size of ₹5.78 Cr through this IPO.
Company Overview
| Full name | Clinitech Laboratory Limited |
| Sector | Healthcare |
| Industry | Hospital & Healthcare Services |
| Company Website | https://www.ctllab.in/ |
About Company
Clinitech Laboratory offers diagnostic and healthcare tests and services through a network of 8 diagnostic centers in and around Thane and Navi Mumbai. The company conducts over 300,000 tests annually in its NABL (National Accreditation Board for Testing and Calibration Laboratories) accredited labs, which are equipped with modern technology and high-end equipment.
The company conducts more than 150 tests at its centers, classified under various categories: Biochemistry tests, Immunology tests, Hematology tests, Molecular Biology tests, Serology tests, Microbiology tests, and Histopathology tests. As of 31 May 2024, the company employs a total workforce of 85 full-time employees.
The Objectives of the Issue
- Expansion of Diagnostic Centres; and
- General Corporate Purposes.
Clinitech Laboratory IPO Timetable
| IPO Opening date | 25 July 2024 |
| IPO Closing | 29 July 2024 |
| Basis of Allotment | 30 July 2024 |
| Initiation Refund | 31 July 2024 |
| Credit to Demat Account | 31 July 2024 |
| Listing Date | 01 August 2024 |
Clinitech Laboratory IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹5.78 Cr – 602,400 shares |
| Fresh Issue | ₹5.78 Cr – 602,400 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹96 per share |
| Lot size | 1200 Shares |
| Market Maker portion | 31,200 shares |
| Shareholding pre-issue | 1,680,000 |
| Shareholding post-issue | 2,282,400 |
| Listing Exchange | BSE SME |
Clinitech Laboratory Offer Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹115,200 |
| Retail (Max) | 1 | 1200 | ₹115,200 |
| HNI (Min) | 2 | 2,400 | ₹230,400 |
Clinitech Laboratory Offer Documents
Clinitech Laboratory IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 31,200 (5.18%) |
| Other Shares Offered | 301,200 (50.00%) |
| Retail Shares Offered | 301,200 (50.00%) |
| Total Shares Offered | 602,400 (100%) |
Clinitech Laboratory Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 638.43 | 634.75 | 640.30 |
| Expenses | 531.78 | 499.65 | 542.26 |
| Net income | 51.26 | 61.31 | 37.12 |
Clinitech Laboratory Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 3.42 | 4.09 | 2.37 |
| PE ratio | – | – | 40.51 |
| RONW (%) | 27.74 | 25.75 | 10.46 |
| NAV | 12.32 | 15.87 | 21.12 |
| ROCE (%) | 24.0 | 25.0 | 12.0 |
| EBITDA (%) | 17.64 | 21.53 | 15.87 |
| Debt/Equity | 0.40 | 0.41 | 0.24 |
Company Promoters
- Jagdish Umakant Nayak
- Jyoti Jagdish Nayak
- Ashutosh Jagdish Nayak
Promoter Holding
| Pre Issue Share Holding | 83.63% |
| Post Issue Share Holding | 61.56% |
Clinitech Laboratory Offer GMP Update
Coming Soon
Clinitech Laboratory IPO Subscription Update
| Category | Non-retail | Retail | Total |
|---|---|---|---|
| Shares Offered | 2,85,600 | 2,85,600 | 5,71,200 |
| 29 Jul 2024 | 25.72 | 52.32 | 39.02 |
| 26 Jul 2024 | 1.52 | 10.68 | 6.10 |
| 25 Jul 2024 | 0.65 | 4.56 | 2.61 |
Clinitech Laboratory IPO Allotment Status
Clinitech Laboratory IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Clinitech Laboratory IPO Listing Details
| Listing Date | 01 August 2024 |
| BSE Scrip Code | 544220 |
| NSE Symbol | – |
| ISIN | INE0QMR01015 |
| Final Issue Price | ₹96 per share |
Clinitech Laboratory IPO Listing Day Update
| Listing Exchange | BSE SME |
| Final Issue Price | ₹96.00 |
| Open | ₹115.00 |
| Low | ₹110.00 |
| High | ₹120.75 |
| Last Trade | ₹120.75 |
Clinitech Laboratory IPO Lead Manager(s)
INVENTURE MERCHANT BANKER SERVICES PRIVATE LIMITED
2nd Floor, Viraj Tower, Nr. Andheri Flyover (North End),
Western Express Highway, Andheri (East) Mumbai – 400 069
Phone:+91 22 4075 1500
Email: compliance@inventuremerchantbanker.com
Website: www.inventuremerchantbanker.com
Clinitech Laboratory Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Clinitech Laboratory Contact Details
CLINITECH LABORATORY LIMITED
AL-1/545, Sector 16, Airoli, Opposite Radhikabai Meghe
Vidyalaya, Navi Mumbai, Thane – 400708, Maharashtra
Phone: +91 22 45003240/ +91 9004072223
E-mail: ipo@clinitechlab.com
Website: www.ctllab.in
Clinitech Laboratory IPO FAQs
What is the Clinitech Laboratory offer size?
Clinitech Laboratory offer size is ₹ 5.78 crores.
What is the Clinitech Laboratory offer price band?
Clinitech Laboratory public offer price is ₹ 96 per share.
What is the lot size of the Clinitech Laboratory IPO?
Clinitech Laboratory offer a lot size is 1,200 shares.
What is Clinitech Laboratory Offer GMP today?
Clinitech Laboratory IPO GMP today is ₹ NA per share.
What is the Clinitech Laboratory kostak rate today?
Clinitech Laboratory kostak rate today is ₹ NA per application.
What is Clinitech Laboratory Subject to the Sauda rate today?
Clinitech Laboratory is Subject to the Sauda rate today is ₹NA per application.
Final thoughts
Clinitech Laboratory IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
