Quest Laboratories Limited

15 May 2024 - 17 May 2024 Individual Category SME NSE

Min Investment

₹223200

Price Band

₹93-₹97

Issue Size

32.14 lakhs
Equity Shares

Lot Size

1200 (per lot)

IPO Dates
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15 May 2024

Open Date

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17 May 2024

Close Date

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21 May 2024

Allotment Date

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23 May 2024

Listing Date

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. 

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About Quest Laboratories Limited

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.

Founded

1998

Managing Director

Anil Kumar Sabarwal

Parent Organization

IPO Objectives

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. 

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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How to Apply for IPO

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IPO Allotment

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