Qualitek Labs Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Qualitek Labs

CMP

158.50

-3.50 (-2.16%)

  • DRHP
₹100

Offer Price

₹ 19.64 Cr

Issue Size

₹ 1,20,000

Min Investment

1,200

Lot size

Time Line

  • 17
    Jan 2024
    Open
  • 23
    Jan 2024
    Close
  • 24
    Jan 2024
    Finalisation of Basis of Allotment
  • 25
    Jan 2024
    Initiation of Refunds
  • 25
    Jan 2024
    Transfer of Shares to Demat Account
  • 29
    Jan 2024
    Listing Date

Objects of the Offer

  • Develop cordial relationship with its suppliers, customer and employees.

  • Expanding its geographical reach and scope of services.

  • Information Technology.

  • Continue to strengthen its existing service portfolio and diversify into services with attractive growth and profitability prospects.

Products & Services

  • The Company is primarily engaged in the business of provides testing, inspection, homologation, certification and consultancy services.

Strengths

  • Experienced promoters and management team.

  • Established brand name.

  • Customer Centric Services.

  • Robust Technical Capability with Strong IT Infrastructure.

Risks

  • A substantial portion of its revenues has been dependent upon a few customers, with which the company does not have any firm commitments. The loss of any one or more of its major customers would have a material adverse effect on its business, cash flows, results of operations, and financial condition.

  • The Company, some of its Promoters and its Group Company is involved in certain legal proceedings. Any adverse decision in such proceedings may render it / them liable to liabilities / penalties and may adversely affect its business and results of operations.

  • The company has in the past entered into transactions with related parties and may continue to do so in the future. These or any future related party transactions may potentially involve conflicts of interest and there can be no assurance that its could not have achieved better terms, had such arrangements been entered into with unrelated parties.

  • There has been certain non-compliance with the provisions of Companies Act, 2013 with respect to corporate actions taken by the Company. Consequently, its may be subject to regulatory actions and penalties for such non-compliance and its business and financial condition may be adversely affected.

  • Its future funds requirements, in the form of issue of capital or securities and/or loans taken by it, may be prejudicial to the interest of the Shareholders depending upon the terms on which they are eventually raised.

Company Promoters

Promoters Holding

Issue For IPO
26.64%
Pre Holding

99.99%

Post Holding

73.35%

Top Promoters Holding

Financials

All values in Cr

Mar-2021 Mar-2022 Mar-2023 3-Yr trend
Revenue 6.35 (-) 12.01 (89.10%) 30.10 (-)
Gross Profit 6.35 (-) 12.01 (89.10%) 30.10 (-)
Net Income 6.35 (-) 12.01 (89.10%) 30.10 (-)
Assets 6.35 (-) 12.01 (89.10%) 30.10 (-)
Liabilities 6.35 (-) 12.01 (89.10%) 30.10 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Qualitek Labs Ltd 19.14 2.97 33.38 23.51 30.10 0.00 18.24 1.39 0.70
Choksi Laboratories Ltd 34.44 3.21 60.36 60.36 15.20 4.61 30.30 5.31 1.44

Book Running Managers

  • Oneview Corporate Advisors Pvt Ltd

Registrar & Transfer Agent

Skyline Financial Services Pvt

D-153/A 1st Flr,
Okhla Industrial Are,
Phase-I - New Delhi-110020
Phone : 91-11-26812682 Fax: 91-11-30857562

Company Contact Information

# 73 National Park Lajpat-,
Nagar-IV,
Delhi - 110024
Phone : 011-41729056/57 Email : info@qualiteklab.com https://www.qualiteklab.com

Offer Related Information

Initial public issue of 19,64,400 equity shares of face value of Rs. 10/- each ("Equity Shares") of Qualitek Labs Limited ("The Company" or "The Issuer Company") for cash at a price Rs. 100/- per equity share (including a share premium of Rs. 90/- per equity share) ("Issue Price") aggregating to Rs. 19.64 crores ("The Issue"), out of which 99,600 equity shares of Rs. 100/- per equity share, will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less... More

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