August 1, 2024
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Clinitech Laboratory IPO GMP grey market premium, review, Subscription, allotment, listing estimate @
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Table of Contents
Clinitech Laboratory IPO listing Review
Clinitech Laboratory IPO allotment Link
What is the latest grey market premium of Clinitech Laboratory IPO?
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Subscription status of Clinitech Laboratory IPO
Clinitech Laboratory IPO Subscription StatusPrice Rs. 96, Lot 1200shares Rs.5.48 Crore |
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| QIB | NII X | RII X | Total X | Applications |
| – | 23.28 | 49.61 | 38.96 | 18408/73.34x |
| Amount wise bids recd. Rs.213.50 Crore | ||||
| Note: Ok subscriptions collected | ||||
What is the business of Clinitech Laboratory?
Clinitech Laboratory operates a network of 8 diagnostic centers strategically located in Thane, Raigad, and Navi Mumbai, offering a comprehensive range of diagnostic and healthcare services. Founded by seasoned professionals with over three decades of experience in the diagnostic industry, Clinitech Laboratory is renowned for its commitment to quality and accuracy. Each center is equipped with state-of-the-art technology and advanced equipment, ensuring precise results for over 3 lakh tests annually. This dedication has earned Clinitech Laboratory a strong reputation for reliability and customer trust in the region.
Get more information about the company @ https://clinitechlab.com/
Clinitech Laboratory IPO Details |
|
| IPO opens on | 25 July 2024 |
| IPO closes on | 29 July 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 602400 Shares / Rs 5.78 Crore |
| * Fresh Issue | 602400 Shares / Rs 5.78 Crore |
| * Offer for Sale – | |
| Market Maker Portion | 31200 Shares |
| Net offer to Public | 571200 Shares/ Rs.5.48 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.96 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1200 Shares |
| Listing will at | BSE SME |
Shares offered in IPO |
||
| Shares | Rs. (Crore) | |
| QIB (0%) | – | – |
| NII (50%) | 285600 | 2.74 |
| RII (50%) | 285600 | 2.74 |
| Total Shares | 571200 | 5.48 |
| Retail portion will be oversubscribed by | 238 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1200 Shares | Rs.115200 |
| Min HNI Application | 2400 Shares | Rs.230400 |
Who are the Promoters of Clinitech Laboratory IPO?
The Promoters of the company are Jagdish Umakant Nayak and Jyoti Jagdish Nayak
What are the Objects of Clinitech Laboratory IPO?
The Offer comprises of only fresh issue of shares.
The objectives of the Offer are to:
1.Capital Expenditure
2.Working Capital Requirement
3.General Corporate Purpose
4.Issue Expense
Tentative timetable |
|
| IPO opens on | 25 July 2024 |
| IPO Closes on | 29 July 2024 |
| IPO Allotment on | 30 July 2024 |
| Refund Initiation | 31 July 2024 |
| Credit of Shares | 31 July 2024 |
| Listing on | 1 August 2024 |
| Registered Office of the Company Clinitech Laboratory Limited AL-1/545, Sector 16, Airoli Opposite Radhikabai Meghe Vidyalaya Navi Mumbai, Thane – 400708, |
| Who is the Lead Manager of this IPO? First Overseas Capital Limited |
| Who is the Registrar to IPO? Bigshare Services Pvt Ltd |
Clinitech Laboratory IPO Financial & Analytical Ratios |
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| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Crore | Rs. | % | |
| 2021-22 | 4.60 | 0.51 | 3.42 | 27.74 |
| 2022-23 | 6.46 | 0.61 | 4.09 | 25.75 |
| 2023-24 6M | 6.36 | 0.06 | – | |
| Book Value of the Share on 31.03.2024 | 30.09.2023 | Rs 16.32 | ||
| BV of the Share at cap price | after the IPO | Rs. | ||
| Offer Price/upper band | Rs. 96 | |||
IPO
|
|
| Price/last EPS of 22-23 | 23.49 |
| Price/BV Ratio | |
| Upper price/BV after IPO | – |
How Clinitech Laboratory IPO compares with the Peers?
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| Clinitech Laboratory | 10 | 6 | 23.49 |
| Dr Lalpathlab | 10 | 2059 | 84.26 |
| Thyrocare | 10 | 635 | 55.16 |
| Krsnaa Diagnostics | 5 | 507 | 35.85 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Clinitech Laboratory IPO Review
Clinitech Laboratory is a provider of diagnostic and healthcare tests and services through chain of 8 diagnostic centers in and around Thane and Navi Mumbai. Its Promoters have 30+ years of experience in diagnostic business. It conducts more than 3 Lakh tests per year in its NABL (National Accreditation Board for Testing and Calibration Laboratories) accredited labs equipped with modern technology and high-end equipment.
Size: Net size of the IPO is Rs. 5.48 crore, which is very small, compared to other SME IPOs. The retail portion is Rs. 2.74 Crore and NII portion is Rs.2.74 Crore. Because of small IPO size, huge oversubscription is possible.
Financial Snapshot: At present dianostic companies face tough competition from large organised players like Thyrocare etc. However this company operates 8 centers at present and has reasonably good revenue and profits. The offer price leaves some room for listing gains. First check grey market fancy and then take decision to apply.
+ from fundamental angle: Good
+ from grey market angle: ?
Quicklinks
Clinitech Laboratory IPO GMP today allotment, review?
Clinitech Laboratory IPO GMP grey market premium
Clinitech Laboratory IPO FAQs
What is Clinitech Laboratory IPO?
This is a SME IPO of 6582000 equity shares of the face value of Rs. 10 aggregating up to Rs.61.21 Crores. The issue is priced at Rs.91-93 per share. The minimum order quantity is 1200 Shares.
When will Clinitech Laboratoryh IPO subscription open?
The IPO opens on July 23, 2024, and closes on July 25, 2024.
What is the lot size of Clinitech Laboratory IPO?
The IPO lot size is 1200 Shares, and the minimum amount required is Rs.111600
How to apply for Clinitech Laboratory IPO?
You can apply in this IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Clinitech Laboratory IPO allotment?
The finalization of Basis of Allotment for this IPO will be done on 26 July, 2024, and the allotted shares will be credited to your demat account by July 29, 2024.
When is Clinitech Laboratory IPO listing date?
This IPO listing date is July 30, 2024.
