IPO

Quest Laboratories Ltd. IPO

Quest Laboratories Ltd., established in 1998, operates in the Pharmaceuticals sector. The company's IPO opened on May 15, 2024 and closed on May 17, 2024, with an issue price of ₹97. The Quest ... Read more

Min Investment
₹ 1,16,400 / 1200 shares
Price Range
₹93 - ₹ 97
Bidding Dates
15 May '24 - 17 May '24
Total Issue Value
43.16 Cr
Lot Size
1,200
Total Issue Size
43.16 Cr
Listing At
NSE SME
Subscription
81.28 times
NSE Price
121.05 (24.79%)

IPO Timeline

  • 15 May 2024
    Bidding Starts
  • 17 May 2024
    Bidding Ends
  • 21 May 2024
    Allotment Finalization
  • 23 May 2024
    Listing

About Quest Laboratories Ltd.

Our Company, Quest Laboratories Limited is engaged in the business of manufacturing of pharmaceutical formulations across a broad spectrum, including antibiotics, antimalarials, antispasmodics, anti-inflammatories, antiemetics, respiratory medications, diabetes treatments, antidepressants, and ... Read more

Parent organisation
Founded
Quest Laboratories Ltd.
1998

Quest Laboratories Ltd. IPO Reservation

Investors Category Shares Offered
Anchor Investors 12,36,000 (27.78%)
Market Makers 2,28,000 (5.12%)
Non Institutional Investors 6,55,200 (14.72%)
Qualified Institutional Buyers (QIBs) 8,31,600 (18.69%)
Retail Individual Investors (RIIs) 14,98,800 (33.68%)

Quest Laboratories Ltd. Financial Information

Year End Revenue PAT Reserves & Surplus
31 Mar 2024 82.79 Cr 10.09 Cr 16.71 Cr
31 Mar 2023 61.87 Cr 5.03 Cr 13.94 Cr
31 Mar 2022 59.54 Cr 4.11 Cr 8.91 Cr

Quest Laboratories Ltd. Background

Our Company was originally incorporated under the name “Quest Laboratories Private Limited” under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated June 01, 1998, issued by the Registrar of Companies Madhya Pradesh, Gwalior. Subsequently, the status of ...

Read more

Major Events And Milestones
  • 1998
    Incorporation of our Company as Private Limited Company
    Good Manufacturing Practices Certificate
    Good Laboratory Practices Certificate
  • 2022
    ISO/IEC 17025:2017 for General Requirements for the Competence of Testing & Calibration Laboratories
  • 2023
    ISO 9001:2015 in accordance with the requirements Quality Management System standard
    Zed Bronze under MSME Sustainable (ZED) Certification
  • 2024
    Conversion of our Company from Private Limited to Public Limited Company
Quest Laboratories Ltd. Object of Issues

1. Funding of capital expenditure towards purchase of Plant and Machineries for Expansion and Upgradation at the existing Manufacturing Facility situated at Dhar, Madhya Pradesh.
2. Funding Working Capital Requirements of our Company
3. General corporate purposes

Quest Laboratories Ltd. IPO Listing Details
Listing Date
23 May 2024
NSE Symbol
QUESTLAB
ISIN
INE0TNW01017
Final Issue Price
₹ 97
Quest Laboratories Ltd. Listing Day Trading Information
Pricing Details BSE NSE
Issue Price - ₹ 97.00
Open - ₹ 155.10
Low - ₹ 147.35
High - ₹ 159.00
Last Trade - ₹ 147.35
Quest Laboratories Ltd. Company Promoters

1. Mr. Anil Kumar Sabarwal
2. Ms. Tejaswini Sabarwal

Industry Overview

India's pharmaceutical industry leads globally, renowned for affordable generic drugs and vaccines. With a 9.43% CAGR over nine years, it ranks third in production volume. Diverse segments include generics, OTC meds, bulk drugs, vaccines, biosimilars, and biologics. Notably, India houses the most ... Read more

Quest Laboratories Ltd. Contact Details
Address: Plot No. 45, Sector III, Pithampur, Dhar Madhya Pradesh - 454775
Phone no:292374
292374
|
Quest Laboratories Ltd. IPO Registrar
Bigshare Services Private Limited.
S6-2, 6th Floor, Pinnacle Business Park, Mahakali Caves Road, Next to Ahura Centre, Andheri East, Mumbai Maharashtra - 400093
62638200
Quest Laboratories Ltd. IPO Lead Manager(s)
Shreni Shares Ltd.
No. 217, Hive 67 Icon, Poisar Gymkhana Road, Lokmanya Tilak Nagar Poisar, Near Raghuleela Mall, Kandivali West, Mumbai Maharashtra - 400067
20897022

FAQs

When does Quest Laboratories Ltd. IPO opens and closes?

Quest Laboratories Ltd. IPO opens from 15th May to 17th May 2024.

What is the size of Quest Laboratories Ltd. IPO?

The size of the Quest Laboratories Ltd. IPO is ₹43.16 Cr.

What is the price range of Quest Laboratories Ltd. IPO?

The price range of Quest Laboratories Ltd. IPO is at ₹93 to ₹97 per share.

What is the minimum investment and lot size required for the Quest Laboratories Ltd. IPO?

The minimum investment required is ₹1,16,400 and minimum lot size is 1200 shares.

When is Quest Laboratories Ltd. IPO listing date?

The Quest Laboratories Ltd. IPO will be listed on 23rd May 2024.

What is the objective of Quest Laboratories Ltd. IPO?

1. Funding of capital expenditure towards purchase of Plant and Machineries for Expansion and Upgradation at the existing Manufacturing Facility situated at Dhar, Madhya Pradesh.
2. Funding Working Capital Requirements of our Company
3. General corporate purposes

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article

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