Qualitek Labs IPO

Qualitek Labs IPO will open for subscription from 18 January 2024. The company aims for an issue size of ₹19.64 Cr through this IPO.

Company Overview

Full nameQualitek Labs Limited
Company Websitehttps://www.qualiteklab.com/

About Company

Qualitek Labs specializes in delivering testing, inspection, homologation, certification, and consultancy services across various industries. These include automotive, defense, metals & metallurgy, environment and water, minerals, food & agriculture, and pharma & healthcare. As of January 2024, the company boasts a workforce comprising 144 employees. In the initial five years since its establishment, Qualitek Labs has marked notable milestones, including:

(i) The company initiated its service operations by launching a testing laboratory in Pune in 2018. Subsequently, in 2022, it further expanded its footprint by establishing a second laboratory in Bhubaneshwar. (ii) The company is currently in the process of establishing two additional testing laboratories, one in Pune and the other in Noida. (iii) The company experienced a surge in turnover, escalating from INR 6.36 crore in FY 2020-21 to INR 19.14 crore in FY 2022-2023.

Qualitek Labs provides the following laboratory services:

  • Automotive Testing
  • Metals & Metallurgy Testing
  • Defence Product Testing
  • Mineral Testing
  • Environment & Water Testing
  • Food and Agriculture Testing
  • Pharma & Healthcare

The Objectives of the Issue

  • 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 Timetable

IPO Opening date18 January 2024
IPO Closing23 January 2024
Basis of Allotment24 January 2024
Initiation Refund25 January 2024
Credit to Demat Account25 January 2024
Listing Date29 January 2024
(Cut-off time for UPI mandate confirmation – 5 PM on January 23, 2024)

Qualitek Labs IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹19.64 Cr – 1,964,400 shares
Fresh Issue₹19.64 Cr – 1,964,400 shares
Offer for saleNil
Face value₹10 per share
Offer Price₹100 per share
Lot size1200 Shares
Market Maker portion99,600 shares
Shareholding pre-issue5,407,500
Shareholding post-issue7,371,900
Listing ExchangeBSE SME

Qualitek Labs IPO Lot Size

Retail (Min)11200₹120,000
Retail (Max)11200₹120,000
HNI (Min)22,400₹240,000

Qualitek Labs IPO Reservation Details

Investor CategoryShares Offered
Anchor Investor Shares Offered
Market Maker Shares Offered99,600 (5.07%)
Other Shares Offered932,400 (47.46%)
Retail Shares Offered932,400 (47.46%)
Total Shares Offered1,964,400 (100%)

Qualitek Labs Financial Performance

 FY 2021FY 2022FY 2023*H1 FY 2024*
Net income15.3142.19296.91200.93
(Amount in ₹ Lakhs)

Qualitek Labs Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio13.42
RONW (%)(200.83)59.9030.10
ROCE (%)6.389.3413.76
EBITDA (%)16.6719.7428.81

Company Promoters

  • Alok Kumar Agarwal
  • Antaryami Nayak
  • Kamal Grover
  • TIC Services Private Limited 

Promoter Holding

Pre Issue Share Holding99.99%
Post Issue Share Holding73.35%

Qualitek Labs Lead Manager(s)

Bajaj Bhawan, Room No. 111,
11th Floor, Nariman Point, Mumbai -400021
Phone: +91- 22- 43472247
Email: mbd@oneviewadvisors.com
Website: www.oneviewadvisors.com

Qualitek Labs Registrar

D-153 A, 1st Floor, Okhla Industrial Area,
Phase – I, New Delhi-110020
Phone: +91- 11-40450193-197
Email: ipo@skylinerta.com
Website: www.skylinerta.com

Qualitek Labs IPO Contact Details

C-40, near Nexa showroom, Block C,
Sector 57, Noida, Uttar Pradesh 201301
Phone: 0120 4336939
E-mail: company.secretary@qualiteklab.com
Website: www.qualiteklab.com

Qualitek Labs IPO Allotment Status

Qualitek Labs IPO allotment status is now available on Skyline Financial Services’ website. Click on this link to get allotment status.

Final thoughts

Qualitek Labs IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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