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 name | Qualitek Labs Limited |
| Sector | Miscellaneous |
| Industry | Miscellaneous |
| Company Website | https://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 date | 18 January 2024 |
| IPO Closing | 23 January 2024 |
| Basis of Allotment | 24 January 2024 |
| Initiation Refund | 25 January 2024 |
| Credit to Demat Account | 25 January 2024 |
| Listing Date | 29 January 2024 |
Qualitek Labs IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹19.64 Cr – 1,964,400 shares |
| Fresh Issue | ₹19.64 Cr – 1,964,400 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹100 per share |
| Lot size | 1200 Shares |
| Market Maker portion | 99,600 shares |
| Shareholding pre-issue | 5,407,500 |
| Shareholding post-issue | 7,371,900 |
| Listing Exchange | BSE SME |
Qualitek Labs IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
| HNI (Min) | 2 | 2,400 | ₹240,000 |
Qualitek Labs IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 99,600 (5.07%) |
| Other Shares Offered | 932,400 (47.46%) |
| Retail Shares Offered | 932,400 (47.46%) |
| Total Shares Offered | 1,964,400 (100%) |
Qualitek Labs Financial Performance
| FY 2021 | FY 2022 | FY 2023* | H1 FY 2024* | |
| Revenue | 635.49 | 1,201.10 | 1,913.66 | 1,248.92 |
| Expenses | 598.79 | 1,157.64 | 1,537.91 | 981.09 |
| Net income | 15.31 | 42.19 | 296.91 | 200.93 |
Qualitek Labs Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 65.87 | 7.97 | 7.45 |
| PE ratio | – | – | 13.42 |
| RONW (%) | (200.83) | 59.90 | 30.10 |
| NAV | (32.80) | 13.31 | 24.74 |
| ROCE (%) | 6.38 | 9.34 | 13.76 |
| EBITDA (%) | 16.67 | 19.74 | 28.81 |
| Debt/Equity | – | – | – |
Company Promoters
- Alok Kumar Agarwal
- Antaryami Nayak
- Kamal Grover
- TIC Services Private Limited
Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 73.35% |
Qualitek Labs Lead Manager(s)
ONEVIEW CORPORATE ADVISORS PRIVATE LIMITED
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
SKYLINE FINANCIAL SERVICES PVT. LTD
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
QUALITEK LABS LIMITED
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
