Qualitek Labs IPO: Issue price set at ₹100 per share; check key dates, lot size and other details
₹100 per equity share with a face value of ₹10. The initial public offering (IPO) will open for subscription on January 18 (Thursday) and close on January 22 (Monday). Through the issue, the company aims to raise ₹19.64 crore via the issuance of 19.64 lakh fresh equity shares.
The net proceeds from the issue are to be utilised towards funding the capital expenditure towards the installation of plant and machinery for existing laboratories and for expansion of laboratories, repayment of unsecured loans to the promoter, working capital requirements of the company, and general corporate purposes, according to the company's DRHP report. Also Read Shree Marutinandan IPO allotment expected; here's how to check allotment status For retail investors, the Qualitek Labs IPO has a minimum and maximum lot size of 01, comprising 1200 shares. To participate in the IPO, a retail investor is required to invest ₹1,20,000.
Qualitek Labs IPO has reserved not more than 50% of the shares in the public issue for retail investors. Qualitek Labs IPO basis for allotment of shares will be finalised on January 23, and the company will initiate refunds on January 24. The shares will be credited to the demat accounts of allottees on the same day following the refund.
Qualitek Labs shares are likely to be listed on the BSE SME Platform on January 25. Also Read: Allied Blenders and Distillers refiles DRHP; cuts IPO size to ₹1,500 crore Qualitek Labs is primarily engaged in the business of providing testing, inspection, homologation, certification, and consultancy services to various industries, including automotive, defence, minerals and metals, environment, and food & beverage. As of now, the company has a presence in Pune and Bhuwaneshwar, and it is
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