Qualitek Labs Limited

About the company

## **About  Qualitek Labs Limited** Incorporated 2018, Qualitek Labs Limited  is primarily engaged in the business of providing testing, inspection, homologation, certification and consultancy services to various industries viz the automotive, defence, metals & metallurgy, environment and water, minerals, food & agriculture, pharma & healthcare. The team of professionals have the knowledge and experience to fully understand the challenges faced by the industry and try to comprehend the same. In addition, their experienced team has enabled them to build an effective business model that gives they control over their processes such as raw material 139 procurement, marketing and sales through their network. The management and employee team combines their efforts to outline plans for the future development of the company. Knowledge and understanding relating to the industry, gives them a key competitive advantage enabling them to expand their geographical and customer presence in existing as well as target markets, while exploring new growth avenues. For details, relating to the experience of our promoter and management. The solutions help to reduce risks, innovate and test safety, maintain the quality and performance of products vis-a-vis the regulatory standards. They offer end to end testing solutions to evaluate automotive material, components, assemblies and full vehicles as per Indian and International standards like ASTM, IS, ISO, JIS, SAE, DIN, Specific OEM Standards etc. The company’s focus is to utilise their core strengths for expanding our operations in existing as well as new markets. The company, meticulously engineered with cutting-edge technology and aptly supported by an efficient team of trained personnel who market their services in unexplored markets, intends to acquire biggershare of this competitive industry which hitherto was not captivated or dominated by any other testing laboratories. They intend to continue to provide high quality services to their customers and grow their business by leveraging the strengths and implementing them. As Qualitek Labs Limited  gears up for its Initial Public Offering (IPO), the generated proceeds from the Fresh Issue will be strategically allocated to crucial objectives. 1. Funding capital expenditure towards installation of plant and machinery for new & existing laboratories and for expansion of laboratories; 1. Repayment of unsecured loans to Promoter;  1. Funding of working capital requirements; and 1. General corporate purposes. Here are key details about the Qualitek Labs Limited IPO: Company Name| **Qualitek Labs Limited**|  | Qualitek Labs Limited IPO Opening Date| **January 18, 2024** ---|---|---|---|--- Company Established On|**2018**Qualitek Labs Limited IPO Price band|**₹100 per share**

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   18 Jan 2024

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   23 Jan 2024

   Last day to place your bid

3. Basis of Allotment

   Completed
   20 Jan 2024

   Share allotment finalised

4. Refund Initiation

   Completed
   25 Jan 2024

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   24 Jan 2024

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   29 Jan 2024

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.