Qualitek Labs Limited

Company Name	Qualitek Labs Limited
Open Date	18-01-2024
Close Date	22-01-2024
Exchange	BSE SME
Lot Size	1200 Shares
Issue Price	₹100 per share
Issue Size	19,64,400 shares
Application Amount	₹1,20,000
Recommendation	Avoid

Qualitek Labs Limited was originally incorporated in the year 2018 and had its registered office in New Delhi, India.The company is primarily engaged in the business of providing testing, inspection, homologation, certification and consultancy services to various industries viz the automotive, defence, metals & metallurgy, environment and water, minerals, food & agriculture, pharma & healthcare.The Company is NABL Accredited Lab and is managing/servicing labs in the following geographical locations and operating retail outlets such as Pune and Bhubaneshwar.As of 12th January 2024, the Company had 144 employees on its payroll.

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Financial Summary in Lakhs

For the Period Ended	Mar-21	Mar-22	Mar-23	Sep-23
Total Assets	1,459.88	2,219.86	3,955.61	4,409.68
Net Assets	-22.96	189.61	986.52	1,187.46
Total Borrowings	1,121.82	1,728.68	2,344.67	2,499.59
Total Revenue	637.44	1,201.73	1,935.13	1,250.74
Profit After Tax	46.11	113.57	296.91	200.93

Tentative Timeline

Opening Date	18-01-2024
Closing Date	22-01-2024
Basis of Allotment	23-01-2024
Initiation of Refunds	24-01-2024
Credit of Shares to Demat	24-01-2024
Listing Date	25-01-2024

Objects of the Issue

Funding capital expenditure towards the installation of plant and machinery for new & existing laboratories and expansion of laboratories.

Repayment of unsecured loans to Promoter.

Funding of working capital requirements.

General corporate purposes.

Contact Information

Registered Office	Qualitek Labs Limited 73, National Park Lajpat Nagar- IV New Delhi, South Delhi - 110024
Phone	+011-41729056
Email	info@qualiteklab.com
Website	http://www.qualiteklab.com/

Offer Documents

Qualitek Labs IPO DRHP

Qualitek Labs IPO RHP

Registrar Details

Name	Skyline Financial Services Private Ltd
Phone	02228511022
Email	ipo@skylinerta.com
Website	https://www.skylinerta.com/ipo.php

IPO Reservation

Anchor Investor Shares Offered	-
Market Maker Shares Offered	99,600 (5.07%)
Other Shares Offered	932,400 (47.46%)
Retail Shares Offered	932,400 (47.46%)
Total Shares Offered	1,964,400 (100%)

Shareholding Pattern

Share Holding Pre Issue (Promoters)	100.00%
Share Holding Post Issue (Promoters)	73.35%