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19 Dec 2024
Qualitek Labs Limited IPO
Qualitek Labs Ltd. (QLL) is primarily engaged in the business of provides testing, inspection, homologation, certification and consultancy services to various industries viz the automotive, defense, metals & metallurgy, environment and water, minerals, food & agriculture, pharma & healthcare. The Company has commenced its business operation of providing services to clients from a testing laboratory, which was set up in Pune in the year 2018. Later in the year 2022, it expanded and established the second laboratory in Bhubaneswar. Currently, the Company is in process of setting up another two testing laboratories at Pune and Noida.
Qualitek Labs IPO is a fixed price issue of Rs 19.64 crores. The issue is entirely a fresh issue of 19.64 lakh shares. Qualitek Labs IPO bidding started from January 18, 2024 and ended on January 23, 2024. Qualitek Labs IPO price is ₹100 per share. The minimum lot size for an application is 1200 Shares. Oneview Corporate Advisors Private Limited is the book running lead manager of the Qualitek Labs IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Qualitek Labs IPO is Nikunj Stock Brokers.
Qualitek Labs IPO Overview
| Detail | Description |
|---|---|
| IPO Date | January 18, 2024 to January 23, 2024 |
| Listing Date | January 29, 2024 |
| Face Value | ₹10 per share |
| Price | ₹100 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 1,964,400 shares (aggregating up to ₹19.64 Cr) |
| Fresh Issue | 1,964,400 shares (aggregating up to ₹19.64 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 5,407,500 |
| Share holding post issue | 7,371,900 |
| Market Maker portion | 99,600 shares Nikunj Stock Brokers |
Qualitek Labs IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| IPO Open Date | Thursday, January 18, 2024 |
| IPO Close Date | Tuesday, January 23, 2024 |
| Basis of Allotment | Wednesday, January 24, 2024 |
| Initiation of Refunds | Thursday, January 25, 2024 |
| Credit of Shares to Demat | Thursday, January 25, 2024 |
| Listing Date | Monday, January 29, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 23, 2024 |
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
| 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 IPO Promoter Holding
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 73.35% |
Company & Financials
Founded in 2018, Qualitek Labs Limited provides testing, inspection, homologation, certification, and consulting services.
The company's laboratory services include:
● Automotive Testing
● Defense Product Testing
● Metals & Metallurgy Testing
● Mineral Testing
● Environment & Water Testing
● Food and Agriculture Testing
● Pharma & Healthcare
They collaborate with industries such as automotive, defense, metals and metallurgy, environment and water, minerals, food and agriculture and pharma and healthcare. The company has two testing laboratories in Pune and Bhubaneswar.
Qualitek Labs Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 4,409.68 | 3,955.61 | 2,219.86 | 1,459.88 |
| Revenue | 1,250.74 | 1,935.13 | 1,201.73 | 637.44 |
| Profit After Tax | 200.93 | 296.91 | 113.57 | 46.11 |
| Net Worth | 1,187.46 | 986.52 | 189.61 | -22.96 |
| Reserves and Surplus | 646.71 | 445.77 | 143.61 | -23.96 |
| Total Borrowing | 2,499.59 | 2,344.67 | 1,728.68 | 1,121.82 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 50.49% |
| ROCE | 13.76% |
| RoNW | 30.10% |
| P/BV | 4.04 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.49 | 5.45 |
| P/E (x) | 18.21 | 18.34 |
Objectives of Qualitek Labs IPO
The company intends to utilize the net proceeds from the issue towards the funding of the following objectives:
- 1. Funding capital expenditure towards the installation of plant and machinery for new & existing laboratories and expansion of laboratories.
- 2. Repayment of unsecured loans to Promoter.
- 3. Funding of working capital requirements.
- 4. General corporate purposes.
Qualitek Labs IPO Review
The company is operating in a lab testing segment that is highly competitive and fragmented. Though it posted growth in its top and bottom lines for the reported periods, the sustainability of such margins going forward is a major concern. Based on its FY24 super earnings, the issue appears aggressively priced. There is no harm in skipping this pricey bet.
FAQs for Qualitek Labs IPO
-
Why Qualitek Labs IPO?
The initial public offer (IPO) of Qualitek Labs Limited offers an early investment opportunity in Qualitek Labs Limited. A stock market investor can buy Qualitek Labs IPO shares by applying in IPO before Qualitek Labs Limited shares get listed at the stock exchanges. An investor could invest in Qualitek Labs IPO for short term listing gain or a long term.
-
What is the Qualitek Labs offer size?
Qualitek Labs offer size is INR 19.64 crores.
-
What is the Qualitek Labs offer price band?
Qualitek Labs public offer price is INR 100 per share.
-
What is the lot size of the Qualitek Labs IPO?
Qualitek Labs offer lot size is 1,200 shares.
Qualitek Labs IPO Subscription Status
Category
Subscription (times)
Other
69.37
Retail
39.23
Total
58.95
DRHP:
DRHP of Qualitek Labs Limited IPO
-
Why Qualitek Labs IPO?
The initial public offer (IPO) of Qualitek Labs Limited offers an early investment opportunity in Qualitek Labs Limited. A stock market investor can buy Qualitek Labs IPO shares by applying in IPO before Qualitek Labs Limited shares get listed at the stock exchanges. An investor could invest in Qualitek Labs IPO for short term listing gain or a long term.
-
What is the Qualitek Labs offer size?
Qualitek Labs offer size is INR 19.64 crores.
-
What is the Qualitek Labs offer price band?
Qualitek Labs public offer price is INR 100 per share.
-
What is the lot size of the Qualitek Labs IPO?
Qualitek Labs offer lot size is 1,200 shares.
Qualitek Labs IPO Subscription Status
| Category | Subscription (times) |
|---|---|
| Other | 69.37 |
| Retail | 39.23 |
| Total | 58.95 |
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