Quest Laboratories IPO opens: Check issue size, price band, lot size, allotment date, other details

Quest Laboratories IPO details: The initial public offering (IPO) of Quest Laboratories opened for subscription on Wednesday, May 15. The IPO of the pharmaceutical company will be open for subscription for three trading days, i.e., until Friday, May 17.

Quest Laboratories IPO is a book-built issue of Rs 43.16 crores and the issue is entirely a fresh issue of 44.5 lakh shares.

Here are important things to know about the Quest Laboratories IPO

Quest Laboratories IPO allotment date

The basis of the allotment of shares under the IPO of Quest Laboratories is set to be finalised Tuesday, May 21. 

Quest Laboratories IPO listing date

The Quest Laboratories IPO stock is likely to be listed on Thursday, May 23. The stock will be traded on NSE SME.

Quest Laboratories IPO lot size, Quest Laboratories IPO price band

Quest Laboratories IPO price band is set at Rs 93 to Rs 97 per share. The minimum lot size for an application is 1200 shares. The minimum amount of investment required by retail investors is Rs 116,400.

Quest Laboratories IPO: Book-running lead managers

Shreni Shares Limited is the book-running lead manager of the Quest Laboratories IPO, while Bigshare Services is the registrar for the issue.

Quest Laboratories IPO: Fund utilisation

Quest Laboratories IPO proposes to utilize the net proceeds towards funding the following objects:

• Funding of capital expenditure towards the purchase of plant and machinery for expansion at the existing manufacturing facility;
• Funding working capital requirements of the company and general corporate purposes

What does Quest Laboratories do?

Incorporated in 1998, Quest Laboratories is a pharmaceutical company. The pharma company manufactures a range of antibiotics, antimalarials, antispasmodics, anti-inflammatories, antiemetics, respiratory medications, diabetes treatments, antidepressants, and more.

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