Quest Laboratories Limited

Company Profile
Company Name Quest Laboratories Limited
Open Date 15-05-2024
Close Date 17-05-2024
Exchange NSE SME
Lot Size 1200 Shares
Issue Price ₹93 to ₹97 per share
Issue Size 44,49,600 shares
Application Amount ₹1,16,400
Recommendation Risk Averse investors should wait and Risk Seekers should apply
Incorporated in June 1998, Quest Laboratories Limited is a pharmaceutical company manufacturing a range of antibiotics, antimalarials, antispasmodics, antiinflammatories, antiemetics, respiratory medications, diabetes treatments, antidepressants, and more. It has its registered office in Dhar, Madhya Pradesh. The company operates in the domestic market across twelve (12) states and two (2) union territories. These include Uttar Pradesh, Madhya Pradesh, Maharashtra, Delhi, Jharkhand, Assam, Karnataka, Jammu & Kashmir, Rajasthan, West Bengal, Gujarat, Telangana, Haryana, and Bihar. The manufacturing unit of the company is located in Dhar, Madhya Pradesh. The company holds WHO Schedule M, GMP (Good Management Practice) and GLP (Good Laboratory Practice) certifications. As of December 31, 2023, the company had a total of 83 employees on its payroll.
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Financial Summary in Lakhs

For the Period Ended Mar-21 Mar-22 Mar-23 Dec-23
Total Assets 1,839.63 3,479.86 4,664.72 5,869.09
Net Assets 744.39 1,185.41 1,783.32 2,855.65
Total Borrowings 304.03 312.54 409.69 460.66
Total Revenue 3,043.55 5,954.20 6,186.60 6,217.83
Profit After Tax 65.51 410.50 502.85 774.93

Tentative Timeline

Opening Date 15-05-2024
Closing Date 17-05-2024
Basis of Allotment 21-05-2024
Initiation of Refunds 22-05-2024
Credit of Shares to Demat 22-05-2024
Listing Date 23-05-2024

Objects of the Issue

Funding of capital expenditure towards purchase of plant and machinery for expansion at the existing manufacturing facility.
Funding working capital requirements of the company.
General Corporate Purposes.

Contact Information

Registered Office Quest Laboratories Limited Plot No. 45, Sector III Pithampur Industrial Area, Pithampur Dhar - 454775
Phone 07292292374

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200

IPO Reservation

Anchor Investor Shares Offered 1,236,000 (27.78%)
Market Maker Shares Offered 228,000 (5.12%)
QIB Shares Offered 831,600 (18.69%)
NII (HNI) Shares Offered 655,200 (14.72%)
Retail Shares Offered 1,498,800 (33.68%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 90.36%
Share Holding Post Issue (Promoters) 65.83%

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