Quest Laboratories Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

15 May 2024

Close Date

17 May 2024

Allotment

21 May 2024

Listing Date

23 May 2024

Exchange

NSE SME

Price Band

₹97

Listing Price

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Allotment Status

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Price Band

₹97

Per share

Face Value

₹10 per share

Lot Size

1,200 Shares

per lot

Issue Size

44,49,600 shares (aggregating up to ₹43.16 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹116,400

1 lot

Pre-IPO Holding

1,19,37,600 shares

Promoters

Post-IPO Holding

1,63,87,200 shares

Promoters

P/E (Pre)

23.03x

P/E (Post)

15.38x

EPS (Pre)

₹4.21

EPS (Post)

₹6.31

UPI Deadline

2024-05-17

Mandate

Anchor AllotmentTue, 14 May 2024

Basis of AllotmentTue, 21 May 2024

Refund InitiationWed, 22 May 2024

Demat CreditWed, 22 May 2024

Listing DayThu, 23 May 2024

UPI Mandate Deadline2024-05-17

Sale TypeFresh Capital

Net Offer to Public42,21,600 shares (aggregating up to ₹40.95 Cr)

Market Maker Quota2,28,000 shares (aggregating up to ₹2.21 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Quest Laboratories Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 17 May 2024.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	228,000	—	₹2.21
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	4,449,600	100%	₹43.16

IPO Shares Offered

Quest Laboratories Ltd IPO total issue size: ₹43.16 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	228,000	₹2.21	5.12%
Total	4,449,600	₹43.16	100.00%

* Based on upper price band ₹97 per share

Lot Size & Investment

Lot Size

1,200

Shares per Lot

Issue Price

₹97.00

Upper Band

Min Investment

₹116,400

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	2,400	₹232,800
Retail (Max — 13 Lots)	13	15,600	₹1,513,200
S-HNI (Min — 14 Lots)	14	16,800	₹1,629,600
B-HNI (Min — 68 Lots)	68	81,600	₹7,915,200

* Issue Price ₹97 × Lot Size 1,200 shares

IPO Schedule

Anchor

14 May 2024

✓ Done

IPO Open

15 May 2024

✓ Done

IPO Close

17 May 2024

✓ Done

Allotment

21 May 2024

✓ Done

Refunds

22 May 2024

✓ Done

Demat Credit

22 May 2024

✓ Done

Listing Day

23 May 2024

✓ Done

₹97.00

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Issue ₹97.00 Live Price

About Quest Laboratories Ltd

Incorporated in June 1998, Quest Laboratories Limited is a pharmaceutical company manufacturing a range of antibiotics, antimalarials, antispasmodics, anti-inflammatories, antiemetics, respiratory medications, diabetes treatments, antidepressants, and more.The company operates in the domestic market across twelve (12) states and two (2) union territories. These include Uttar Pradesh, Madhya Pradesh, Maharashtra, Delhi, Jharkhand, Assam, Karnataka, Jammu & Kashmir, Rajasthan, West Bengal, Gujarat, Telangana, Haryana, and Bihar.The manufacturing unit of the company is located in Dhar, Madhya Pradesh.The company holds WHO Schedule M GMP and GLP certifications, as well as ISO/IEC 17025:2017 and ISO 9001:2015 certifications.By December 31st, 2023, the company employs 83 individuals to lookafter various aspects of its manufacturing operations, including production, quality control, technical and engineering support services, inventory management, administration, accounting, and other functions such as storage, packing, and dispatch.

Objects of the Issue

Funding of capital expenditure towards purchase of plant and machinery for expansion at the existing manufacturing facility;

Funding working capital requirements of the company;

Quest Laboratories Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹5,954.2

31 Mar 2023

₹6,186.6

31 Mar 2023

₹6,217.8

31 Dec 2023

Profit After Tax (PAT)

₹410.5

31 Mar 2023

₹6,217.8

31 Mar 2023

₹6,217.8

31 Dec 2023

Particulars	31 Dec 2023	31 Mar 2023	31 Mar 2023
Revenue from Operations	6217.83	6186.60	5954.20
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	6217.83	6217.83	410.50
Net Worth	2277.15	1502.21	999.38
Total Assets	5869.09	4664.72	3479.86
Reserves & Surplus	1198.39	891.50	891.50
Borrowings	460.66	409.69	312.54
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	12.48%	—	—

P/BV Ratio

4.59

RoE

34.03%

RoCE

41.86%

RoNW

34.03%

PAT Margin

12.48%

Debt/Equity

0.20

Issue Structure & Shareholding

Total Shares Offered44,49,600 (100.00%)

Net Offer to Public42,21,600 shares (aggregating up to ₹40.95 Cr)

Reserved for Market Maker2,28,000 shares (aggregating up to ₹2.21 Cr)

Pre-Issue Promoter Holding1,19,37,600 shares

Post-Issue Promoter Holding1,63,87,200 shares

P/BV Ratio4.59

RoE34.03%

RoCE41.86%

Debt / Equity0.20

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

Check Allotment

Book Running Lead Managers

Shreni Shares Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Quest Laboratories Ltd IPO subscribed? ▲

Quest Laboratories Ltd IPO is subscribed 1.00 times by May 17, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Quest Laboratories Ltd IPO retail subscription status? ▼

The Quest Laboratories Ltd IPO retail category is subscribed 1.00 times as of 17 May 2024. The retail portion is oversubscribed.

How to subscribe Quest Laboratories Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 15 May 2024 and closes 17 May 2024. Min investment: ₹116,400 (1 lot = 1,200 shares). UPI mandate: 2024-05-17.

How many times Quest Laboratories Ltd IPO subscribed? ▼

The Quest Laboratories Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Quest Laboratories Ltd IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 21 May 2024. Refunds: on 22 May 2024.

When Quest Laboratories Ltd IPO will be listed? ▼

The Quest Laboratories Ltd IPO listing date is 23 May 2024, Thursday. Listed on: NSE SME. Issue price: ₹97. Estimated listing: ₹97. GMP: NIL.

When Quest Laboratories Ltd IPO close? ▼

The Quest Laboratories Ltd IPO closes on 17 May 2024, Friday. UPI mandate: 2024-05-17. Allotment: 21 May 2024. Listing: 23 May 2024.

Quick Actions

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Live Price LIVE

Last Price₹97.00

Change—

Issue Price₹97.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹97

Face Value₹10

Lot Size1,200 Sh

Min. Amount₹116,400

GMPNIL

Est. Listing₹97

Subscribed1.00x

Open Date15 May 2024

Close Date17 May 2024

Allotment21 May 2024

Listing Date23 May 2024

ExchangeNSE SME

UPI Deadline2024-05-17