About Qualitek Labs Limited
Qualitek Labs Limited is launching its IPO. The offer opens for subscription on January 18, 2024, and will close on January 22, 2024.
Disclaimer: This stock will trade with a lot size of 1200 shares in the SME segment on listing.
What does Qualitek Labs Limited do?
Qualitek Labs Private Limited was incorporated in New Delhi as a private limited company under the Companies Act, 2013, on May 17, 2018. Later, it was converted into a public limited company on March 17, 2023, and its name was changed to “Qualitek Labs Limited.” The company operates in the testing, inspection, homologation, certification, and consultancy services sector for various industries, including automotive, defense, metals & metallurgy, environment and water, minerals, food & agriculture, pharma & healthcare.
Key achievements within five years of incorporation include the establishment of testing laboratories in Pune and Bhubaneshwar, with plans for two more in Pune and Noida. The company’s turnover increased from Rs. 635.49 lakhs in FY 2020-21 to Rs. 1913.66 lakhs in FY 2022-2023.
Schedule of Qualitek Labs Limited IPO
| Issue Period | 18th January to 23rd January 2024 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | January 24, 2024 |
| Initiation of Refunds | January 25, 2024 |
| Credit of Shares | January 25, 2024 |
| Date of Listing | January 29, 2024 |
| Mandate end date | February 06, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | February 22, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | April 22, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How to apply to the Qualitek Labs Limited IPO?
You can apply for the Qualitek Labs Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for the Qualitek Labs Limited IPO?
You can check the allotment status for the Qualitek Labs Limited IPO on the website of the Registrar and Transfer agent.