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    Qualitek Labs IPO opens today. Check issue size, price band and other details

    Synopsis

    Qualitek Labs IPO: The SME IPO of Qualitek Labs opens for subscription today. The issue closes on January 22. The IPO is entirely a fresh equity issue of 19.64 lakh shares at Rs 100 apiece. For the period ended September 2023, the company recorded revenues of Rs 12.48 crore and a net profit of Rs 2 crore. The net proceeds from the public offer will be used for funding capital expenditure, repayment of borrowings, and working capital requirements.

    Qualitek Labs IPO opens today. Check issue size, price band and other detailsAgencies
    The SME IPO of Qualitek Labs opens for subscription today. The issue closes on January 22. Here are 10 things to know about the offer.


    1) About Qualitek Labs

    The company is primarily engaged in the business of providing testing, inspection, homologation, certification and consultancy services to various industries such as automotive, defense, minerals, environment & water, food & agriculture, pharma & healthcare, and metal & metallurgy.


    2) Industry overview

    The Indian testing, inspection, and certification (TIC) market size was valued at $26 million in 2021 and is projected to reach $47 million by 2030, registering a CAGR of 6.9% during the forecast period (2022-2030).


    3) Qualitek Labs IPO size

    The IPO is entirely a fresh equity issue of 19.64 lakh equity shares aggregating to Rs 19.64 crore.

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    4) Qualitek Labs IPO price band

    The company is offering its shares at Rs 100 apiece, and investors can bid for 1,200 shares in 1 lot.


    5) Qualitek Labs financial performance

    For the period ended September 2023, the company clocked revenues of Rs 12.48 crore and net profit of Rs 2 crore.


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    6) Objects of the offer

    The net proceeds from the public offer will be used for funding capital expenditure towards installation of plant and machinery, repayment of borrowings, working capital requirements and general corporate purposes.


    7) Lead managers and registrar

    Oneview Corporate Advisors is acting as the lead manager to the issue and Skyline Financial Services is the registrar.


    8) Issue structure

    About 50% of the offer is reserved for retail investors, and the rest 50% for other investors


    9) Important dates

    The IPO opened on January 18 and will close on December 22. The final allotment will likely be made on January 23. The company's shares will likely get listed on December 25.


    10) Listing of shares

    The company's shares will get listed on the BSE SME platform.

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    (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2024 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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