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IPO

IPO Details


Quest Laboratories Ltd
Registered Office: Plot # 45 Sector III, Pithampur, Dhar - 454775, Madhya Pradesh
Phone: 0729 2292 374
Email: investors@questlabltd.com
Website: www.questlabltd.com
Initial public offer of 44,49,600 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Quest Laboratories Limited ("The Company" or "Quest" or "The Issuer") for cash at a price of Rs. 97/- per equity share including a share premium of Rs. 87/- per equity share (the "Issue Price") aggregating to Rs. 43.16 crores ("The Issue"), of which 2,28,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 97/- per equity share including a share premium of Rs. 87/- per equity share aggregating to Rs. 2.21 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e., net issue of 42,21,600 equity shares of face value of Rs. 10/- each at a price of Rs. 97/- per equity share including a share premium of Rs. 87/- per equity share aggregating to Rs. 40.95 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 27.15% and 25.76% respectively of the post issue paid up equity share capital of the company. The face value of equity shares is Rs. 10/- each. The issue price is 9.7 times the face value of the equity shares.
Issue Money Payable On
Opens On Closes On Application Allotment
15-May-2024 17-May-2024 ₹ 97.00 ₹ 0.00
Minimum Application for shares in Nos : 1200.0 Further Multiples of : 1200.0
(₹)Cr. Lead Managers to the Issue
Project Cost 39.38 Shreni Shares Ltd
Project Financed through Current Offer 43.16
Post Issue Equity Share Capital 16.39
Issue Price ₹97.00
Projects
Funding of capital expenditure towards purchase of plant and machinery for expansion at the existing mfg facility
Funding working capital requirements of the company
General corporate purposes
Promoted By
Anil Kumar Sabarwal
Tejaswini Sabarwal
Listing At
NSE - SME
Registrar to the Issue

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