IPO 

QUALITEK LABS' IPO JOURNEY IN 8 KEY POINTS 

Published By MintGenie Team | 17 Jan, 2024

IPO Details

Qualitek Labs IPO price fixed at 100 per equity share with a face value of 10.
Credit : PIXABAY

Subscription Period

The IPO will be open for subscription from January 18 to January 22.
Credit : PIXABAY

Fundraising Target

The company aims to raise 19.64 crore through the issuance of 19.64 lakh fresh equity shares.
Credit : PIXABAY

Utilization of Funds

Net proceeds from the IPO will fund capital expenditure, laboratory expansion, loan repayment, working capital, and general corporate purposes.
Credit : PIXABAY

Retail Investor Details

The IPO offers a minimum and maximum lot size of 01, comprising 1200 shares, requiring a 1,20,000 investment for retail investors.
Credit : PIXABAY

Retail Allocation

Not more than 50% of shares in the public issue are reserved for retail investors.
Credit : UNSPLASH

Allotment and Refund

Basis for allotment will be finalized on January 23, with refunds initiated on January 24. Shares are expected to be credited to demat accounts on January 25.
Credit : UNSPLASH

Listing Platform

Qualitek Labs shares are anticipated to be listed on the BSE SME Platform.
Credit : UNSPLASH