The issue received robust response from investors where it was subscribed 246 times. The part reserved for retail investors was subscribed 120 times and other investors were booked 361 times. The IPO was entirely a fresh equity issue of up to 7.98 lakh equity shares aggregating to Rs 8.06 crore.
The public issue of Qualitek Labs received good response from investors with the overall subscription at nearly 59 times. The category reserved for retail investors was booked 39 times, followed by other investors at 69.37 times.
Qualitek Labs IPO continued receiving strong subscriptions on Day 2 of bidding. The issue was subscribed 6.55 times at 2:45 pm on Day 2 (January 19). It received bids for 1.22 crore shares as against 18.64 lakh shares on the offer.
Qualitek Labs is primarily engaged in the business of providing testing, inspection, homologation, certification, and consultancy services to various industries, including automotive, defence, minerals and metals, environment, and food & beverage.