Qualitek Labs IPO Date, Review, Price, Allotment Date

Qualitek Labs IPO is one of India’s foremost analytical & testing services providers, will launch an Initial Public Offering to raise Rs19.64 Crore for retail investors starting today and closing January 22nd with every share priced at Rs100 requiring minimum investments of Rs120,000; shares should list on BSE SME platform on January 25th.

Qualitek Labs IPO Date Review Price Allotment Details

About Qualitek Labs:

Qualitek Labs is currently one of India’s premier providers in various field like analytical testing services, specializing in pharmaceutical, food & beverages, chemicals and environmental. Established in 2008 by Rajendra Prasad Gupta, Vinod Kumar Gupta and Rajeev Ranjan Prasad with its headquarters located in Bhubaneswar in Odisha as well as branches located Pune Noida.

Services Offered by Qualitek Labs:

Qualitek Labs provides an array of testing services, such as:

  • Chemical testing,
  • physical testing,
  • microbiological testing
  • environmental testing services
  • calibration services
  • Non Destructive Testing (NDT).
  • Failure Analysis in Analytic Software.

At our Qualitek Labs, our experienced and qualified professionals are well versed with modern testing methodologies and technologies.

Industries Served

Qualitek Labs serves a diverse selection of industries. These industries include electronics manufacturing and aerospace.

  • Pharmaceuticals,
  • Food & Beverages,
  • Chemicals,
  • Electronics,
  • Automotives,
  • Aerospaces
  • Mining Infrastructure.

Accreditations and Certifications

Qualitek Labs has earned accreditation by the National Accreditation Board for Testing and Calibration Laboratories (NABL) to comply with ISO/IEC 17025:2017 standards, while also earning ISO certification of compliance with their quality management systems standard of ISO 9001:2015.

Recent Developments

Qualitek Labs is expanding and investing in cutting edge technologies by opening a testing facility in Noida, Uttar Pradesh and planning the launch of additional testing services within a year’s time.

Key Considerations:

  • Small-sized IPO with limited track record.
  • Operates in a competitive and fragmented market.
  • Valuation considered high by some analysts.
  • Sustainability of margins a concern.
  • he company operates in the highly competitive and fragmented lab testing segment.
  • Some analysts have expressed concerns about the sustainability of the company’s margins and the high valuation of the issue.
  • It is important to carefully consider your risk tolerance and investment goals before investing in any IPO.

Pros of Qualitek Labs:

Qualitek Labs sees India’s analytic and testing services: industry growing at 12-15% compound annual compound annual rate over the coming few years, due to factors like increasing government regulations, growing consumer demands for quality products, as well as rising environmental awareness. This represents an extraordinary growth opportunity.

Diversified Service: Qualitek Labs offers an expansive reach in the testing services across different industries, which help them reduce dependence and mitigatery risk from any one sector while opening doors to growth and opportunities in emerging sectors.

Experienced Management Team: Our founders and key management personnel possess extensive testing industry expertise that gives them a thorough knowledge of market dynamics. ​

Expansion Plans: Qualitek Labs plans on investing in expanding its testing facilities and offering additional services that would further bolster their position on the market, driving future expansion.

Recent Financial Performance: Recent years have witnessed consistent revenue growth and profitability at this company, suggesting excellent financial management skills as well as future profit potential.

Cons of Qualitek Labs:

As part of its market strategy, Qualitek Labs must contend with highly fragmented and competitive analytical and testing services industry in India, where several established competitors vie for market share and pose stiff competition to each other for dominance of this highly fragmented sector.

With so many established players jockeying for position on this highly fragmented landscape, gaining significant competitive advantages may prove elusive for Qualitek Labs in this space.

Qualitek Labs is a smaller company than many of its larger rivals and therefore may present less of an attraction to investors who prioritize companies with established histories of success.

High Valuation: Some analysts have expressed reservations over the high valuation placed on the company by investors during its IPO, suggesting this could pose an extra risk if its performance falls short of investor expectations.

Profitability Concerns: Although the company has achieved profitability, its profit margins remain relatively small – which raises questions over long-term sustainability of profitability.

Investment Thesis:

Investment in Qualitek Labs involves both calculated risks and potentially rewarding rewards. A detailed examination of their financial statements, detailed investment plans, industry benchmarks and industry peers should precede making your investment decision.

Before moving ahead with any decision it’s advisable to seek professional financial advice as well as carefully evaluate your own personal risk tolerance before taking the leap.

Qualitek Labs IPO Dates & Band Price Details:

IPO Open:January 18, 2024
IPO Close:January 22, 2024
IPO Size:Approx ₹19.64 Crores, 1,964,400 Equity Shares
Face Value:₹10 Per Equity Share
IPO Price Band:₹100 Per Equity Share
IPO Listing on:BSE SME
Retail Quota:50% of the net offer
NII Quota:50% of the net offer
DRHP Draft Prospectus:Click Here

Qualitek Labs IPO Market Lot:

ApplicationLot SizeSharesAmount
Retail Minimum11200₹120,000
Retail Maximum11200₹120,000
S-HNI Minimum22400₹240,000

Qualitek Labs IPO Dates and details:

IPO Open Date:January 18, 2024
IPO Close Date:January 22, 2024
Basis of Allotment:January 23, 2024
Refunds:January 24, 2024
Credit to Demat Account:January 24, 2024
IPO Listing Date:January 25, 2024

Qualitek Labs Company Financial Report:

YearRevenueExpensePAT
2021₹6.37 Cr₹5.68 Cr₹0.46 Cr
2022₹12.02 Cr₹10.47 Cr₹1.14 Cr
2023₹19.35 Cr₹15.38 Cr₹2.97 Cr
Sep 2023₹12.51 Cr₹9.81 Cr₹2.01 Cr

Peer Group:

Choksi Laboratories Ltd.

Company Promoters.

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

Euphoria Infotech (India) IPO Registrar

CategoryDetails
Qualitek Labs IPO RegistrarSkyline Financial Services Private Ltd
Phone02228511022
Email[email protected]
Websitehttps://www.skylinerta.com/ipo.php

Qualitek Labs Announces Allotment Status:

Skyline Financial Services website URL. Click Here

Company Details:

CategoryDetails
Company NameQualitek Labs Limited
Address73, National Park, Lajpat Nagar-IV, New Delhi, South Delhi – 110024
Phone+011-41729056
Email[email protected]
Websitehttp://www.qualiteklab.com/

Disclaimer:

Information provided here should only be considered educational in nature and should not be seen as an offer or solicitation to buy or sell any Qualitek Labs IPO, money deling details, etc. Preliminary details could change over time.

The Qualitek Labs reserves the right to modify any element of their Qualitek Labs IPO structure as necessary; this document should not be seen as an offer in areas where that would be illegal; regulatory approval will first need to take place prior to beginning an Qualitek Labs IPO process.

By reading the information provided herein, you agree and acknowledge this disclaimer. Investing involves risks; past performance should not be seen as indicative of future returns.

Frequently Asked Question FAQs:

When Qualitek Labs IPO will open?

The Initial Public Offering will launch for qualified institutional and retail investors on January 18, 2024.

What is Qualitek Labs IPO Investors Portion?

Investors’ portion for National Income Investment Fund is 50% while Retail shares account for 50%.

What is Qualitek Labs IPO?

Qualitek Labs IPO, listed on BSE as an SME offering, seeks to raise Rs19.64 Crore through this public offering priced at Rs100 per share and listed for trading on that exchange.

What is Qualitek Labs IPO Size?

Qualitek Labs’ initial public offering (IPO) size stands at Rs19.64 crores.

What is Qualitek Labs IPO Price Band?

Qualitek Labs’ initial public offering (IPO) size stands at Rs19.64 crores.

What is Qualitek Labs IPO Minimum and Maximum Lot Size?

The IPO bid is 1200 shares with ₹120,000.

What is Qualitek Labs IPO Allotment Date?

Qualitek Labs IPO allotment date will be on January 23, 2024.

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