Quest Laboratories SME IPO opens today to raise Rs 43 crore through a fresh equity issue of 44.49 lakh shares at Rs 93-97 apiece on NSE SME platform. India's pharmaceutical industry, known for generic drugs and vaccines, ranks third globally with a 9.43% CAGR over nine years. View More

The SME IPO of Quest Laboratories has opened for subscription today and will close on May 17. The company aims to raise about Rs 43 crore through the SME IPO and list the shares on NSE SME platform . Here are 10 key things investors need to know about the public offer before subscribing to the issue. 1) About Quest Laboratories Quest Laboratories is engaged in the business of manufacturing 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. 2) Industry overview 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. 3) Quest Laboratories IPO size The IPO is entirely a fresh equity issue of 44.49 lakh shares and through the issue, the company aims to raise nearly Rs 43 crore. 4) Quest Laboratories IPO price band The company is offering its shares at Rs 93-97 apiece, and investors can bid for 1200 shares in 1 lot. 5) Quest Laboratories IPO financial performance For the period ended December 2023, the company clocked revenues of Rs 62.17 crore and net profit of Rs 7.74 crore. Also Read: Vraj Iron, Allied Blenders get Sebi nod to raise fund through IPO 6) Objects of the offer The net proceeds from the public offer will be used for funding capital expenditure towards purchase of plant and machinery for expansion, funding working capital requirements and other general corporate purposes. 7) Lead managers and Registrar Sherni Shares is acting as the lead manager to the issue and Bigshare Services is the registrar. 8) Issue structure About 50% of the offer is reserved for QIB retail investors, 35% for retail investors and the rest 15% for non-institutional investors. 9) Important dates The IPO opened on May 15 and will close on May 17. The final allotment will likely be made on May 21. The company's shares will likely get listed on May 23. 10) Quest Labs GMP Ahead of the issue opening, the company's shares had no GMP in the unlisted market. (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)




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