What you must know about Quest Laboratories IPO?
by 5paisa Research Team
09 May 2024
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Listing Details
- Listing Exchange NSE SME
- Listing Date 23-May-24
- IPO Price Range ₹ 93 to ₹97
- Listing Price ₹ 155.1
- Listing Change inf%
- Last Traded Price ₹ 107.2
- Current Change inf%
Quest Lab IPO Details
- Open Date 15-May-24
- Close Date 17-May-24
- Lot Size 1200
- IPO Size ₹ 43.16 Cr
- IPO Price Range ₹ 93 to ₹97
- Min Investment ₹ 116,400
- Listing Exchange NSE SME
- Basis of Allotment 21-May-24
- Refunds 22-May-24
- Credit to Demat Account 22-May-24
- Listing Date 23-May-24
Quest Laboratories IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 15-May-24 | 0.01 | 0.76 | 2.16 | 1.25 |
| 16-May-24 | 0.01 | 2.38 | 6.30 | 3.69 |
| 17-May-24 | 57.20 | 184.10 | 57.63 | 85.26 |
Quest Lab IPO Synopsis
Last Updated: 16th May, 2024 by 5paisa
Quest Laboratories IPO is all set to open from 15th May to 17th May 2024. The company makes pharmaceutical formulations. The IPO includes a fresh issue of 4,449,600 shares worth ₹43.16 cr. The share allotment date is 21st May 2024, and the IPO will be listed on 23rd May 2024 on the stock exchanges. The price band is ₹93 to ₹97 and the lot size is 1200 shares.
Shreni Shares Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar.
Objectives of Quest Laboratories IPO
Quest Laboratories Limited plans to utilize the raised capital from the IPO to:
● To meet the working expenditure requirement to expand the current manufacturing unit by purchasing a plant and machinery.
● To meet the working Capital requirement.
● General Corporate Purposes.
About Quest Laboratories
Quest Laboratories makes pharmaceutical formulations under the trademark “Quest Laboratories Limited”. This includes antibiotics, antimalarials, antispasmodics, anti-inflammatories, antiemetics, respiratory medications, diabetes treatments, antidepressants, etc.
The company manufactures various products such as ethical drugs, generic drugs, and over the-counter drugs (OTC) in various forms such as tablets, liquid orals, oral dry powders, oral powders (ORS), ointments, and external liquids. It has many certificates like WHO Schedule M GMP, and GLP certifications, ISO 9001:2015 certification and ISO/IEC 17025:2017 accreditation.
Quest Laboratories’ manufacturing unit is based in Madhya Pradesh, India. It has a presence 12 states and 2 union territories in India including Uttar Pradesh, Madhya Pradesh, Maharashtra, Delhi, Jharkhand, Assam, Karnataka, Jammu & Kashmir, Rajasthan, West Bengal Gujarat, Telangana, Haryana and Bihar b
Peer Comparison
● Beta Drugs Limited
● Alpa Laboratories Limited
● Zenith Drugs Limited
For More Information:
Webstory on Quest Laboratories IPO
Quest Laboratories Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 61.64 | 59.48 | 30.36 |
| EBITDA | 7.82 | 6.46 | 1.41 |
| PAT | 5.02 | 4.10 | 0.65 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 46.64 | 34.79 | 18.39 |
| Share Capital | 1.07 | 1.07 | 1.07 |
| Total Borrowings | 31.62 | 24.80 | 12.50 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 3.63 | 3.45 | 1.04 |
| Net cash from / (used in) investing activities | -2.96 | -1.88 | -1.19 |
| Net cash flow from / (used in) financing activities | 0.27 | -0.41 | 0.038 |
| Net increase (decrease) in cash and cash equivalents | 0.93 | 1.15 | -0.11 |
Quest Lab IPO Key Points
-
Strengths
1. The company has approvals to manufacture more than 600 formulations.
2. Institutional and government business constitutes a vital segment of the company.
3. It has a diverse and well-balanced product portfolio.
4. It is a technology-driven organization supported by an extensive R&D department.
5. The company also maintains high quality.
6. It has Supply Chain Efficiency.
7. Experienced Promoters and management team.
-
Risks
1. Too much concentration of business is from sales to the government which may impact the business.
2. It has reported negative cash flow in the past.
3. Operates in a highly competitive industry.
4. High working capital requirements.
Quest Lab
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Quest Lab IPO FAQs
When does the Quest Laboratories IPO opens and closes?
Quest Laboratories IPO opens from 15th May to 17th May 2024.
What is the size of Quest Laboratories IPO?
The size of Quest Laboratories IPO is ₹43.16 cr.
How to apply for Quest Laboratories IPO?
To apply for Quest Laboratories IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for Quest Laboratories IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of Quest Laboratories IPO?
The price band of Quest Laboratories IPO is fixed at ₹93 to ₹97 per share.
What is the minimum lot size and investment required for Quest Laboratories IPO?
The minimum lot size of Quest Laboratories IPO is 1200 shares and the investment required is ₹1,11,600.
What is the allotment date of Quest Laboratories IPO?
The share allotment date of Quest Laboratories IPO is 21st May 2024.
What is Quest Laboratories IPO listing date?
The Quest Laboratories IPO will be listed on 23rd May 2024.
Who are the book runners for Quest Laboratories IPO?
Shreni Shares Limited is the book-running lead manager for Quest Laboratories IPO.
What is the objective of Quest Laboratories IPO?
Quest Laboratories plans to utilize the raised capital from the IPO to:
● To meet the working expenditure requirement to expand the current manufacturing unit by purchasing plant and machinery.
● To meet the working Capital requirement.
● General Corporate Purposes.
Contact Details of Quest Laboratories IPO
Contact Information
Quest Laboratories Limited
Plot No. 45, Sector III
Pithampur Industrial Area, Pithampur
Dhar - 454775,
Phone: 07292292374
Email: investors@questlabltd.com
Website: https://www.questlabltd.com/
Quest Laboratories IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Quest Laboratories IPO Lead Manager
Shreni Shares Limited
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