Quest Laboratories IPO

    Quest Laboratories IPO GMP Guidance & Subscription Status at,
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    Quest Laboratories IPO Latest updates:
    The company will enter the market on May 15 and listing is expected to be on 23 May 2024.

    What is the latest GMP of Quest Laboratories IPO?*
    Latest GMP & Subject to rates: Click

    Check Subscription status of Quest Laboratories IPO
    On 17 May 2024 @ 5.00 (Day 2) 
    Review: Small IPO, so oversubscription expected
    NII:          72.76 T
    RII:         336.09 T
    Total:     204.56 T
    Application: 59488
    Amount wise Subscription: Rs. 1043 Crore

    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 @

    Quest Laboratories IPO Details
    IPO opens on  15 May 2024
    IPO closes on  17 May 2024
    Issue Type Book Built Issue IPO
    Issue Size 4449600 Shares /
    Rs 43.16 Crore
    * Fresh Issue 4449600 Shares /
    Rs 43.16 Crore
    * Offer for Sale  – Sh /Rs – Cr
    Market Maker Portion 228000 Shares
    Net offer to Public 4221600 Shares/
    Rs.40.95 Crore
    Face Value per share Rs. 10
    Price Band Rs.93-97
    Employee discount  Rs. 0 per share
    Retail Lot Size  1200 Shares
    Listing will at  NSE SME
    Shares offered in Quest Laboratories IPO
      Shares Rs. (Crore)
    QIB (50%) 2110800 20.48
    NII  (15%)   633240   6.14
    RII  (35%) 1477560 14.33
    Total Shares  4221600 40.95
    Retail portion will be oversubscribed by  1231
    How much Shares to Apply in Quest Laboratories IPO?
    Min Retail Application 1200 Shares Rs. 116400
    Min HNI Application  2400 Shares Rs.232800

    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 Tentative timetable
    IPO opens on 15 May 2024
    IPO Closes on 17 May 2024
    IPO Allotment on  21 May 2024
    Refund Initiation  22 May 2024
    Credit of Shares 22 May 2024
    Listing on 23 May 2024
    Registered Office of the Company
    Quest Laboratories Limited
    Plot No. 45, Sector III
    Pithampur Industrial Area, Pithampur
    Dhar – 454775,

    Who is the Lead Manager of Quest Laboratories IPO?
    Shreni Shares Limited
    Who is the Registrar to IPO?
    Bigshare Services Pvt Ltd
    Quest Laboratories IPO Financial & Analytical Ratios
    Year Total Income Net Profit EPS RoNW Cr Crore Rs. %
    2020-21 30.44 0.66 0.61 11.12
    2021-22 59.54 4.11 3.81 41.08
    2022-23  61.87 5.03 4.66 33.47
    Book Value of the Share on 31.03.2023 Rs 13.93    
    BV of the Share at cap price after the IPO Rs.     
    Offer Price/upper band   Rs. 97    
    Quest Laboratories IPO
    Key Performance indicators
    Price/last EPS of 22-23  20.81
    Price/BV Ratio  6.96
    Upper price/BV after IPO 

    How Quest Laboratories IPO compares with the Peers?

    As per DRHP FV Total Income PE Ratio
      Rs. In Cr. @
    Quest Laboratories 10 –                       20.81
    Beta Drugs 10 66.43
    Alpha Laboratories 10 15.92
    Zenith Drugs 10   14.69


    # 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.

    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. 


    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.

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