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Quest Laboratories Limited IPO
Quest Laboratories Ltd. (QLL) is engaged in the business of manufacturing of pharmaceutical formulations across a broad spectrum, including antibiotics, antimalarials, antispasmodics, anti-inflammatories, antiemetics, respiratory medications, diabetes treatments, antidepressants and more. These formulations fall under the trademark "Quest Laboratories Limited". The company produces a variety of products, comprising ethical drugs, generic drugs and over-the-counter drugs (OTC). These products are available in various forms such as tablets, liquid orals, oral dry powders, oral powders (ORS), ointments and external liquids. This comprehensive approach allows the Company to address a wide range of medical needs and preferences among patients.
QLL operates in the domestic market across twelve (12) states and two (2) union territories namely Uttar Pradesh, Madhya Pradesh, Maharashtra, Delhi, Jharkhand, Assam, Karnataka, Jammu & Kashmir, Rajasthan, West Bengal Gujarat, Telangana, Haryana and Bihar. Quest Laboratories IPO is a book-built issue of Rs 43.16 crores. The issue is entirely a fresh issue of 44.5 lakh shares. Quest Laboratories IPO price band is set at ₹93 to ₹97 per share. The minimum lot size for an application is 1200 Shares. Shreni Shares Limited is the book running lead manager of the Quest Laboratories IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Quest Laboratories IPO is Rikhav Securities.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Quest Laboratories Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Quest Laboratories Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | May 15, 2024 to May 17, 2024 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Price Band | ₹93 to ₹97 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 4,449,600 shares (aggregating up to ₹43.16 Cr) |
| Fresh Issue | 4,449,600 shares (aggregating up to ₹43.16 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 11,937,600 |
| Share holding post issue | 16,387,200 |
| Market Maker portion | 228,000 shares |
Quest Laboratories Limited IPO Timeline
| Detail | Description |
|---|---|
| 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 confirmation | 5 PM on May 17, 2024 |
Quest Laboratories Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹116,400 |
| Retail (Max) | 1 | 1200 | ₹116,400 |
| HNI (Min) | 2 | 2,400 | ₹232,800 |
Quest Laboratories Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 90.36% |
| Share Holding Post Issue | 65.82% |
Competitive Strength:
- -
Quest Laboratories Limited IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2023 | 5,869.09 | 6,217.83 | 774.93 | 2,277.15 | - | 460.66 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 4,664.72 | 6,186.60 | 502.85 | 1,502.21 | - | 409.69 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 3,479.86 | 5,954.20 | 410.50 | 999.38 | - | 312.54 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2021 | 1,839.63 | 3,043.55 | 65.50 | 588.84 | - | 304.03 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 34.03% |
| ROCE | 41.86% |
| Debt/Equity | 0.2 |
| RoNW | 34.03% |
| P/BV | 4.59 |
| PAT Margin (%) | 12.48 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.21 | 6.31 |
| P/E (x) | 23.03 | 15.38 |
Objectives of Quest Laboratories IPO
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objectives:
- 1. Funding of capital expenditure towards purchase of plant and machinery for expansion at the existing manufacturing facility.
- 2. Funding working capital requirements of the company.
- 3. General corporate purposes.
RHP:
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Frequently Asked Questions (FAQs)
-
What Is The Size Of The Quest Laboratories IPO?
The offer size of Quest Laboratories Limited is INR 43.16 crores, consisting of a fresh issue of 44,49,600 shares. The company seeks funds to invest in expansion, cover working capital needs, and meet general corporate goals.
-
What Is The Price Band Of The Quest Laboratories IPO?
The price band of the issue is INR 93-97 per share.
-
When will Quest Laboratories Ltd's IPO be allotted?
The Basis of Allotment will happen on Tuesday, May 21, 2024.
-
When will Quest Laboratories Ltd's IPO open for subscription?
The IPO subscription window will open on May 17, 2024.
-
What minimum lot size can retail investors subscribe to?
The lot size for Quest Laboratories Limited’s IPO is 1,200 shares, with a minimum investment of ₹1,16,400.
