Qualitek Labs SME IPO GMP

Qualitek Labs Limited, a prominent player in the testing and certification industry, is set to make waves with its SME IPO launch at the BSE SME Exchange. Let’s dive into the details, including the Grey Market Premium (GMP) trend, company background, and the IPO’s objective.

Qualitek Labs SME IPO Overview

Qualitek Labs Limited’s SME IPO comes with a total issue size of Rs 19.64 Crores, exclusively through a fresh issue of shares. The IPO opened its doors for subscription on January 18, 2024, and is scheduled to close on January 23, 2024. The face value of each share is Rs 10, and investors can participate by acquiring at least one lot of 1200 shares or its multiples at the fixed issue price of Rs 100 per share.

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Also Read: Upcoming IPO in India

Grey Market Premium (GMP) Insights

The Grey Market Premium, a significant indicator of market sentiment, currently stands at ₹60 as of today. This implies a positive outlook, with an estimated listing price of ₹160 (Rs 100 issue price + GMP). The expected percentage gain per share is projected to be 60%.

Qualitek Labs Day-wise IPO GMP Trend

Here is a table summarizing the GMP for Qualitek Labs IPO for the past few days: [ Last Updated: 28 Jan, 2024; 09:05]

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
28-01-2024₹100.00₹6054700₹160 (60.00%)
27-01-2024₹100.00₹6054700₹160 (60.00%)
26-01-2024₹100.00₹6054700₹160 (60.00%)
25-01-2024₹100.00₹6054700₹160 (60.00%)
24-01-2024₹100.00₹1513700₹115 (15%)
23-01-2024₹100.00₹1513700₹115 (15%)
22-01-2024₹100.00₹1513700₹115 (15%)
21-01-2024₹100.00₹1513700₹115 (15%)
20-01-2024₹100.00₹1513700₹115 (15%)
19-01-2024₹100.00₹0₹100 (0%)

Latest IPO GMP: Stay updated on live GMP status for all upcoming and closed IPOs on the IPO GMP Dashboard at Stockesta.com. Regular updates allow you to track and compare IPO GMP and its listing price, aiding in making informed investment decisions.

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Understanding IPO Grey Market Premium (GMP)

The Grey Market Premium (GMP) serves as an unofficial indicator of an IPO’s potential performance before listing. A positive GMP suggests a likely profitable listing, while a negative GMP may indicate a potential discount. It is crucial to note that IPO GMP is subject to volatility, making it risky to base investment decisions solely on this metric. Therefore, comprehensive research and consideration of all factors are recommended before investing in Qualitek Labs SME IPO.

About Qualitek Labs

Founded in May 2018, Qualitek Labs is a company dedicated to testing, inspection, homologation, certification, and consultancy across various industries. Their clientele spans automotive, defense, metals and metallurgy, environment and water, minerals, food and agriculture, pharmaceuticals, and healthcare. The company boasts top-notch equipment from international suppliers and excels in delivering accurate and consistent results.

Also Read: When Can a Company Go for IPO in India

Qualitek Labs SME IPO Strengths

  • Experienced Promoters and Management Team: Backed by a team with substantial experience.
  • Established Brand Name: A recognized name in the industry.
  • Customer-oriented Services: Focused on delivering top-notch services.
  • Robust Technical Capabilities: Equipped with strong IT infrastructure.
  • Incorporation: 2018
  • Sector: Healthcare Service Provider
  • IPO Issue Size: ₹19.64 Cr
  • Website: Qualitek Labs

Qualitek Labs SME IPO Objectives

The net proceeds from the IPO will be allocated to:

  1. Funding capital expenditure for plant and machinery installation in new and existing laboratories.
  2. Repayment of unsecured loans to promoters.
  3. Funding working capital requirements.
  4. General corporate purposes.

Also Read: Announced IPOs: Upcoming Big IPOs in India 2024

Qualitek Labs SME IPO Important Dates

  • SME IPO Open Date: 18-01-2024
  • SME IPO Close Date: 23-01-2024
  • Basis of Allotment Finalization Date: 24-01-2024
  • Refunds Initiation: 25-01-2024
  • Credit of Shares to Demat Account: 25-01-2024
  • SME IPO Listing Date: 29-01-2024

In conclusion, Qualitek Labs’ foray into the SME IPO space brings exciting prospects. Investors should approach with caution, considering the dynamic nature of the market. Thorough research and analysis will be key to making informed decisions in this high-potential venture.

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