The SME IPO of Qualitek Labs was subscribed 31% so far on Thursday, the first day of the bidding process. The category reserved for retail investors was booked 64%, while that of other investors was subscribed just 6%. The issue will close on December 22.
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.