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What is the business of Quest Laboratories?

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 more. These formulations fall under the trademark “Quest Laboratories Limited”. The company produces a variety of products, comprising ethical drugs, generic drugs, and over the-counter drugs (OTC). These products are available in various forms such as tablets, liquid orals, oral dry powders, oral powders (ORS), ointments, and external liquids. This comprehensive approach allows our Company to address a wide range of medical needs and preferences among patients.
The Company holds WHO Schedule M GMP, and GLP certifications, adhering to the stringent guidelines set by the World Health Organization. Its commitment to quality is further demonstrated by the ISO 9001:2015 certification and ISO/IEC 17025:2017 accreditation. With manufacturing under one roof, the company maintains stringent quality control standards throughout the entire manufacturing process. By doing so, it ensures that its products meet the relevant quality standards before they reach the market.

The company currently has its manufacturing facility located at Plot No. 45, Sector III, Pithampur Industrial Area, Pithampur, Dhar – 454775, Madhya Pradesh, India. The total area of the facility is approximately 4,065 square meters. Its manufacturing facilities are well equipped with the required facilities including machinery, other handling equipment’s to facilitate smooth manufacturing process and easy logistics.
The company has successfully bid for government tender contracts over the past few years, collaborating with major state and central government institutions and corporations.

Get more information about the company @ https://www.questlabltd.com/

Who are the Promoters of Quest Laboratories IPO?
The promoters of the company are Mr. Anil Kumar Sabarwal and Ms. Tejaswini Sabarwal.

What are the Objects of Quest Laboratories IPO?

The Offer comprises only of a Fresh Issue of Equity shares.

The objects of the present issue of Equity Shares are:

1.Funding of capital expenditure towards purchase of plant and machinery for expansion at the existing manufacturing facility;
2.Funding working capital requirements of the company;
3.General corporate purposes;

Quest Laboratories IPO To the point Guidance
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 more. .
Size:  The net offer is of Rs. 40.94 Crore/4221600 shares. Retail portion is Rs. 14.33 crore and it can get one time subscribed with 1231 applications. Though the size of the IPO is somewhat large, looking to the investor frenzy, over subscription may not be an issue.
Financial Snapshot: The company has shown sharp rise in the profits of the year 2022-23. The topline has increased to Rs. 61.87 Crore in 2022-23 from Rs. 30.44 Crore in 2020-21 whereas net profit has increased to Rs. 5.03 crores from Rs. 66 lacs in the year 2020-21. So compared to 100% rise in the topline, the bottomline has increased by 7.62 times. This raises eyebrows. We cannot comment whether such rise will be maintained in future or not. Even after such sharp rise in the profits, the shares are offered at PE multiple of 20.81 compared to PE multiple of about 15, of Alpha laboratories & Zenith Drugs. The IPO is not so attractive. 

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Quest Laboratories IPO GMP today details?

Quest Laboratories IPO

Quest Laboratories IPO FAQs

What is Quest Laboratories IPO?
Quest Laboratories is a SME IPO of 4449600 equity shares of the face value of Rs. 10 aggregating up to Rs.43.16 Crores. The issue is priced at Rs.93-97 per share. The minimum order quantity is 1200 Shares.

When will Quest Laboratories IPO open?
Quest Laboratories IPO opens on May 15, 2024, and closes on May 17, 2024.

What is the lot size of Quest Laboratories IPO?
Quest Laboratories IPO lot size is 1200 Shares, and the minimum amount required is Rs.116400.

How to apply for Quest Laboratories IPO?
You can apply in Quest Laboratories 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 Quest Laboratories IPO allotment?
The finalization of Basis of Allotment for Quest Laboratories IPO will be done on May 21, 2024, and the allotted shares will be credited to your demat account by May 22, 2024.

When is Quest Laboratories IPO listing date?
Quest Laboratories IPO listing date is May 23, 2024.