Quest Laboratories Limited IPO

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15th – 17th May 2024
23 May 2024
₹93 – ₹97
1200 shares (₹116400)

About


Quest Laboratories Limited is launching its IPO. The IPO opens for subscription on 15th May and will close on 17th May 2024.

Disclaimer: This stock will trade with a lot size of 1200 shares in the SME segment on the listing.

What does Quest Laboratories Limited do?

Quest Laboratories Limited specializes in manufacturing a diverse range of pharmaceutical formulations, including antibiotics, antimalarials, antispasmodics, anti-inflammatories, and more. Their products cater to various medical needs and preferences, available in forms like tablets, liquid orals, ointments, etc. Committed to quality, they hold certifications such as WHO Schedule M GMP, ISO 9001:2015, and ISO/IEC 17025:2017, ensuring adherence to stringent guidelines.

With a well-equipped in-house laboratory, they conduct tests efficiently, supported by professional staff. Operating from their manufacturing facility in Madhya Pradesh, India, they serve both private and government sectors, securing tender contracts and maintaining a robust supply chain.

Schedule/Timeline of Quest Laboratories Limited IPO

Issue Period 15th May to 17th May 2024
Deadline for accepting UPI mandate  Until 5 PM on the issue closing day
Finalization of Allotment May 21, 2024
Initiation of Refunds May 22, 2024
Credit of Shares May 22, 2024
Date of Listing May 23, 2024
Mandate end date June 01, 2024
Anchor Investors Lock-In End Date (50% of the investment) June 20, 2024
Anchor Investors Lock-In End Date (Remaining investment) August 19, 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 do I apply to the Quest Laboratories Limited IPO?

You can apply for the Quest Laboratories Limited IPO using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept 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.

Where do I check the allotment status for Quest Laboratories Limited IPO?

You can check the allotment status for the Quest Laboratories Limited IPO on the website of the Registrar and Transfer agent.

Alternatively, you can also check the allotment status on the NSE website.