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Quest Laboratories Ltd IPO

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 overthe-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 the Company to address a wide range of medical needs and preferences among patients.

Quest Laboratories Ltd IPO Details

Total Shares Offered

₹ 44,49,600

Offer to Public

TBA

Retail Max (Shares)

₹ 14,98,800

Pre Issue Promoters Holding

₹ 1,05,74,250

Exchange

NSE

Issue size

₹ 43.16 Cr

IPO Open Date

May 15, 2024

Close Date

May 17, 2024

Lot Size

1200

Min Investment

₹ 1,11,600

Issue Type

Book Building - SME

Listing Date

May 23, 2024

Quest Laboratories Ltd IPO Dates

May 15, 2024

Opening date

May 17, 2024

Closing date

May 21, 2024

Basis of Allotment

May 22, 2024

Initiation of Refunds

May 22, 2024

Credit of Shares

May 23, 2024

Listing date

Details

Sector	Type
Sector	Pharmaceuticals - Indian - Formulations
Sub Sector	NA
Issue Type	Book Building - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	2067600
NII	0x	655200
Retail	0x	1498800
Employee	0x	0
Total	0x	4449600

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

2067600

655200

1498800

4449600

Quest Laboratories Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	19.32	15.01	7.53
EBITDA	19.96	15.58	8.08
PAT	13.57	10.09	5.04
Total Assets	57.80	43.54	33.98
Share Capital	16.39	11.94	1.08
Total Borrowings	36.13	7.58	6.84
Operating Activities (Net Cash)	14.21	10.66	5.59
Investing Activities (Net Cash)	52.14	6.76	0.09
Financing Activities (Net Cash)	36.13	7.58	6.84
Net Cashflow	0.11	0.14	0.12

About Quest Laboratories Ltd

Quest Laboratories Limited 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 the Company was changed to public limited and the name of the Company was changed to Quest Laboratories Limited vide Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting of the Company held on January 11, 2024. The fresh certificate of incorporation consequent to conversion was issued on January 23, 2024, by Assistant Registrar of Companies/ Deputy Registrar of Companies/ Registrar of Companies, Centralised Processing Centre. The Corporate Identification Number of the Company is U24232MP1998PLC012850.

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 USFDA-compliant manufacturing facilities and 500 API producers, capturing 8% of the global API market. This industry's growth reflects its adaptability and quality standards, ensuring accessible healthcare solutions worldwide.

Peer Comparison:

Beta Drugs Ltd
Alpa Laboratories Ltd
Zenith Drugs Ltd

Quest Laboratories Ltd Key Points

Strengths

Multi-product capability.

Revenue from Government institutions.

Product Portfolio.

Research and Development.

Quality assurance.

Risk

The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations.

Any manufacturing or quality control problems may disrupt its business operations, damage the company reputation for high quality production and expose it to potential litigation or other liabilities, which would negatively impact its business, prospects, cash flows, results of operations and financial condition.

The Company is reliant on the demand from the pharmaceutical industry for a significant portion of its revenue. Any downturn in the pharmaceutical industry or an inability to increase or effectively manage its sales could have an adverse impact on the Company's business and results of operations.

Strategy

Expansion and upgradation of its manufacturing facility.

Expand its Geographical Presence.

Widen its product portfolio.

Continue to improve operating efficiencies through technology enhancements.

How To Apply for Quest Laboratories Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Quest Laboratories Ltd IPO?

Quest Laboratories Ltd's IPO offers shares for up to 43.16 It begins on May 15, 2024 and ends on May 17, 2024.

What is the price of the Quest Laboratories Ltd IPO?

The price of Quest Laboratories Ltd IPO ranges between ₹93 to ₹97 per share.

What are the open and close dates for the Quest Laboratories Ltd IPO?

The Quest Laboratories Ltd IPO opens on May 15, 2024 and closes on May 17, 2024.

When will the Quest Laboratories Ltd IPO be allotted?

The allotment for the Quest Laboratories Ltd IPO will be finalised on May 21, 2024. The shares will be listed on BSE and NSE on May 23, 2024.

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

The minimum lot size for Quest Laboratories Ltd IPO is 1200 shares, priced between ₹93 to ₹97 per share.

What is the GMP of Quest Laboratories Ltd IPO?

The GMP (Grey Market Premium) of Quest Laboratories Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Quest Laboratories Ltd IPO?

To check the allotment status of Quest Laboratories Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Quest Laboratories Ltd IPO getting listed?

The Quest Laboratories Ltd IPO is getting listed on the BSE and NSE. Bidding opens on May 15, 2024, and closes on May 17, 2024. The allotment is finalised on May 21, 2024.

How do you apply for the Quest Laboratories Ltd IPO?

To apply for the Quest Laboratories Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.