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 allotment status is expected to be finalized today. The IPO, which raised Rs 19 crore, was subscribed 59 times, with strong demand from retail and other investors. Investors can check the allotment status on the website of registrar Skyline Financial Services. The company s shares will be listed on January 29. The IPO proceeds will be used for capital expenditure, loan repayment, working capital, and general corporate purposes. Qualitek Labs provides testing and certification services to various industries and has seen its turnover and profits increase in recent years.
The Rs 640-crore Epack Durable IPO will now close on January 24 instead of earlier closing date of January 23, while the listing of its shares will be on January 30 against January 29 earlier.
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 IPO: The SME IPO of Qualitek Labs opens for subscription today. The issue closes on January 22. The IPO is entirely a fresh equity issue of 19.64 lakh shares at Rs 100 apiece. For the period ended September 2023, the company recorded revenues of Rs 12.48 crore and a net profit of Rs 2 crore. The net proceeds from the public offer will be used for funding capital expenditure, repayment of borrowings, and working capital requirements.