09-May-2024
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Quest Laboratories IPO is open for subscription starting Wednesday, May 15, 2024, and closing on Friday, May 17, 2024. The price of this upcoming IPO is decided at Rs 93 to Rs 97 per share. The minimum lot size set for the retail category is 1200 shares. Meanwhile, the minimum lot size for the HNI category is two lots with 2400 shares. The minimum investment required for retail category investors is Rs 1,16,400 (97 x 1200 shares). However, for the HNI category, the minimum investment amount required is Rs 2,32,800 (97 x 2400 shares). Quest Laboratories IPO is a book-built issue of Rs 43.16 crores. This upcoming IPO is a fresh issue of 44.5 lakh equity shares. The offer-for-sale component is not available on this issue. The allotment for this new IPO is expected to be finalised on Tuesday, May 21, 2024. Quest Laboratories IPO will be listed on NSE SME, and the listing date is fixed on Thursday, May 23, 2024. The book-running lead manager of Quest Laboratories IPO is Shreni Shares Limited. The registrar for this IPO is Bigshare Services Private Limited. The market maker of this issue is Rikhav Securities.
Quest Laboratories Limited Company Profile in Brief
Quest Laboratories Limited was incorporated in June 1998, is a pharmaceutical company engaged in the business of manufacturing a range of antibiotics, antimalarials, antispasmodics, anti- inflammatories, antimetrics, respiratory medications, diabetes treatments, antidepressants and more. The company produces a variety of products comprising ethical drugs, generic drugs, OTC drugs. These products are available in various forms such as tablets, liquid oral, ORS, ointments and external liquids. Quest Laboratories Limited operates in a domestic market across twelve states and two union territories. The manufacturing unit is located in Dhar, M.P. As per the latest record, the company has a team of 83 individuals to look after the various aspects of its manufacturing operations, including production, quality control etc.
Objectives to Quest Laboratories IPO
The net funds received from this initial public offer will get utilised to purchase plant and machinery for expansion at the existing manufacturing facility. Additionally, funds will be used to meet the day-to-day working capital requirements. Other than this the general corporate purposes will also be met.
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Financials of Quest Laboratories Limited (Amt in Rs Lakhs)
Quest Laboratories posted a revenue of Rs 6,217.83 lakhs and net profit of 774.93 lakhs for the ending on 31 December 2023. The company’s revenue increased by 3.9% and PAT increased by 22.5% between the FY ending on 31 March 2023 and 31 March 2022.
| Period Ended | 31-Dec-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 5,869.09 | 4,664.72 | 3,479.86 | 1,839.63 |
| Revenue | 6,217.83 | 6,186.60 | 5,954.20 | 3,043.55 |
| Profit After Tax | 774.93 | 502.85 | 410.5 | 65.5 |
| Net Worth | 2,277.15 | 1,502.21 | 999.38 | 588.84 |
| Reserves and Surplus | 1,198.39 | 1,394.33 | 891.5 | 480.96 |
| Total Borrowing | 460.66 | 409.69 | 312.54 | 304.03 |
Other Important Details of Quest Laboratories IPO
| IPO Date | May 15, 2024 to May 17, 2024 |
| Listing Date | 23-May-24 |
| Face Value | Rs 10 per share |
| Price Band | Rs 93 to Rs 97 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 4,449,600 shares amounting to Rs 43.16 crore |
| Fresh Issue | 4,449,600 shares amounting to Rs 43.16 crore |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 11,937,600 |
| Shareholding post issue | 16,387,200 |
| Market Maker portion | 228,000 shares |
Time-Table of Quest Laboratories IPO
| IPO Open Date | Wednesday, May 15, 2024 |
| IPO Close Date | Friday, May 17, 2024 |
| Basis of Allotment | Tuesday, May 21, 2024 |
| Initiation of Refunds | Wednesday, May 22, 2024 |
| Credit of Shares to Demat | Wednesday, May 22, 2024 |
| Listing Date | Thursday, May 23, 2024 |
| Cut-off time for UPI mandate | 5 PM on May 17, 2024 |
Lot Size of Quest Laboratories IPO
| Application | Lots | Shares | Amount |
| Retail - Minimum | 1 | 1,200 | Rs 1,16,400 |
| Retail - Maximum | 1 | 1,200 | Rs 1,16,400 |
| HNI - Minimum | 2 | 2,400 | Rs 2,32,800 |
IPO Reservation of Quest Laboratories Limited
| Investor Category | Shares Offered |
| QIB Shares | Not more than 50 percent of the Issue |
| Retail Shares | Not less than 35 percent of the Issue |
| NII (HNI) Shares | Not less than 15 percent of the Issue |
Key Performance Indicator of Quest Laboratories Limited IPO
The market capitalization of Quest Laboratories is Rs 158.96 Crore.
| Performance Indicator | Values |
| ROE | 34.03% |
| ROCE | 41.86% |
| Debt/Equity ratio | 0.2 |
| RoNW | 34.03% |
| Price to Book Value | 4.59 |
| PAT Margin | 12.48 |
EPS and P/E Ratio Post IPO
| Pre IPO | Post IPO | |
| EPS (Rs) | 4.21 | 6.31 |
| P/E | 23.03 | 15.38 |
Promoters of Quest Laboratories Limited and Their Holdings
The promoters of Quest Laboratories company are Anil Kumar Sabarwal and Tejaswini Sabarwal.
| Shareholding Pre Issue | 90.36 percent |
| Shareholding Post Issue | 65.82 percent |
Lead Manager(s) of Quest Laboratories IPO
The lead manager for Quest Laboratories IPO is Shreni Shares Limited.
How do you apply for the Quest Laboratories IPO?
Wait for the public issue to open for subscription, then click here to apply for the Quest Laboratories Limited IPO with Bigul.
How do you check the allotment status of Quest Laboratories IPO?
The registrar for Quest Laboratories IPO is Bigshare Services Private Limited. To check your allotment status, please click here.
FAQs
- What are the details of Quest Laboratories IPO?
Quest Laboratories IPO is a book-built issue of Rs 43.16 crores. This upcoming IPO is a fresh issue of 44.5 lakh equity shares. The offer-for-sale component is not available on this issue. The allotment for this new IPO is expected to be finalised on Tuesday, May 21, 2024.
- Who are the lead managers for the Quest Laboratories Limited IPO?
Shreni Shares Limited is appointed as the lead manager for the IPO.
- What is the role of Bigshare Services Private Limited in this IPO?
Bigshare Services Private Limited is the registrar for Quest Laboratories Limited, handling the IPO's administrative aspects.
- How can I apply for the Quest Laboratories IPO?
The public subscription of this new IPO will open on May 15, 2024. Click here to initiate the application process.
- How will the net proceeds from the IPO be utilised?
The net funds received from this initial public offer will get utilised to purchase plant and machinery for expansion at the existing manufacturing facility. Additionally, funds will be used to meet the day-to-day working capital requirements. Other than this the general corporate purposes will also be met.
- How can I check the allotment status of the IPO?
Investors who applied can check the allotment status of the Quest Laboratories Limited IPO by visiting here. For further updates follow Bigul.
- What is the financial performance of Quest Laboratories Limited?
Quest Laboratories posted a revenue of Rs 6,217.83 lakhs and net profit of 774.93 lakhs for the ending on 31 December 2023. The company’s revenue increased by 3.9% and PAT increased by 22.5% between the FY ending on 31 March 2023 and 31 March 2022.
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