19-Jul-2024
2 mins read
Clinitech Laboratory IPO is a fixed price issue of Rs 5.78 crores.
This upcoming IPO bidding opens on July 24 and closes on July 26, 2024.
Clinitech Laboratory SME IPO price is set at Rs 96 per share.
The minimum investment required Rs 1,15,200.
Clinitech Laboratory IPO: Synopsis
Clinitech Laboratory IPO is open for subscription starting Thursday, July 25, 2024, and closing on Monday, July 29, 2024. The price of this upcoming IPO is set at Rs 96 per share.
The minimum lot size set for the retail category is 1200 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 2400 shares. The minimum investment required for retail category investors is Rs 1,15,200 ( 96 x 1200 shares). However, for the HNI category, the minimum investment amount required is Rs 2,30,400 (96 x 2400 shares).
Clinitech Laboratory IPO is a fixed price issue of Rs 5.78 crores. This upcoming IPO is an entirely fresh issue of Rs 6.02 lakh equity shares. The allotment for this new IPO is expected to be finalised on Tuesday, July 30, 2024.
Clinitech Laboratory IPO will be listed on BSE SME on Thursday, August 1, 2024. Inventure Merchant Banker Services Private Limited is the book-running lead manager, Bigshare Services Private Limited is the registrar, and SVCM Securities is the market maker for this IPO.
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Clinitech Laboratory IPO: About the Company
Clinitech Laboratory Limited was founded in 1990 and provides diagnostic and health testing and services. Its centres perform more than 150 tests, which are divided into different categories: Biochemical Tests, Immunology Tests, Hematology Tests, Molecular Biology Tests, Serology Tests, Microbiology Tests, and Histopathology Tests.
Clinitech has eight diagnostic centres around Thane and Navi Mumbai. The company conducts more than 3 lakh annual tests in its NABL-accredited laboratories equipped with modern technology and high-quality equipment. As of May 31, 2024 the company has a team of 85 members in various departments.
Clinitech Laboratory IPO: Objectives
The funds will be used to expand the Diagnostic Centers. The remaining amount will be used to meet the company's day-to-day capital requirements and fulfil general corporate purposes.
Clinitech Laboratory IPO: Other Important Details
Time-Table of Clinitech Laboratory IPO
Clinitech Laboratory IPO: Financial Metrics (Amt in Rs Lakhs)
Clinitech Laboratory posted revenue of Rs 643.92 lakhs and net profit of Rs 37.12 lakhs for the period ending on 31 Mar 2024. The company’s revenue increased by 1.19% but net profit dropped by -39.46% between the FY ending on 31 March 2024 and 31 Mar 2023.
Minimum Investment: Lot Size Details
Promoters of Clinitech Laboratory Limited and Their Holdings
The promoters of Clinitech Laboratory company are Jagdish Umakant Nayak, Jyoti Jagdish Nayak, and Ashutosh Jagdish Nayak. The promoters shareholdings before IPO is 83.63% but after the IPO the shareholdings will drop to 61.56%.
Clinitech Laboratory: Strength of Company
1. Clinitech Laboratory provides diagnostic and health testing services.
2. The company performs more than 150 tests in its centres.
3. Clinitech Laboratory's fundamentals look strong. The debt-to-equity ratio is 0.24, and the price-to-book value ratio is 4.55.
FAQs
1. What are the details of the Clinitech Laboratory IPO?
Clinitech Laboratory IPO is a fixed price issue of Rs 5.78 crores. This upcoming IPO is an entirely fresh issue of Rs 6.02 lakh equity shares. The allotment for this new IPO is expected to be finalised on Tuesday, July 30, 2024.
2. Who are the lead managers for the Clinitech Laboratory IPO?
Inventure Merchant Banker Services Private Limited is appointed as the book-running lead manager for the IPO.
3. What is the role of Bigshare Services in this IPO?
Bigshare Services Private Limited is the registrar for Clinitech Laboratory Limited, handling the IPO's administrative aspects.
4. How can I apply for the Clinitech Laboratory IPO?
The public subscription of this new IPO will open on July 25, 2024. Click here to initiate the application process.
5. How will the net proceeds from the IPO be utilised?
The funds will be used to expand the Diagnostic Centers. The remaining amount will be used to meet the company's day-to-day capital requirements and fulfil general corporate purposes.
6. How can I check the allotment status of the IPO?
Investors who applied can check the allotment status of the Clinitech Laboratory Limited IPO by visiting here. For further updates follow Bigul.
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