Quest Laboratories IPO GMP, Review, Price, Allotment

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Last updated on May 23, 2024

Quest Laboratories IPO GMP

Quest Laboratories IPO description – Quest Laboratories is a pharma formulation manufacturer involved in manufacturing formulations across a wide range that includes the following: antibiotics, antimalarials, antispasmodics, anti-inflammatories, antiemetics, respiratory drugs, diabetes drugs, antidepressants, and many more. The company manufactures a wide range of products making its tally approximately 250 units. These exist in the form of ethical, generic, and over-the-counter drugs (OTC). They also exist in the forms of tablets, liquid orals, oral dry powders, oral powder (ORS), ointment, and external liquids.

Quest Laboratories has the FDA and equivalent body approvals to manufacture over 600 formulations. Quest has regularly manufactured 250-300 types of formulations because of market trends and limited formulation lines. Sales orders have been coming from the private sector & government institutions eagerly. It has embarked on successful government tender contracts for the past few years with major state and central government institutions and corporations.

Based on sales made for the period ended 31 December 2023 and also for the FY 2023, 2022, and 2021, the company operates in the domestic market across 12 states and two union territories, namely; Uttar Pradesh, Madhya Pradesh, Maharashtra, Delhi, Jharkhand, Assam, Karnataka, Jammu & Kashmir, Rajasthan, West Bengal, Gujarat, Telangana, Haryana and Bihar. As of 31 December 2023, Quest Laboratories’ registered office and manufacturing facility employ 84 individuals.

Quest Laboratories

Promoters of Quest Laboratories – Mr. Anil Kumar Sabarwal, and Ms. Tejaswini Sabarwal


Quest Laboratories IPO Details

Quest Laboratories IPO Dates15 – 17 May 2024
Quest Laboratories Issue PriceINR 93 – 97 per share
Fresh issue4,449,600 shares (INR 41.38 – 43.16 crore)
Offer For SaleNIL
Total IPO size4,449,600 shares (INR 41.38 – 43.16 crore)
Minimum bid (lot size)1,200 shares (INR 116,400)
Face Value INR 10 per share
Retail Allocation35%
Listing OnNSE EMERGE

Quest Laboratories Financial Performance

 FY 2021FY 2022FY 20239M FY 2024
Revenue30.3659.4861.6462.08
Expenses29.6553.7854.9151.03
Net income0.664.115.037.75
Figures in INR Crores unless specified otherwise

Quest Laboratories Offer News


Quest Laboratories Valuations & Margins

FY 2021FY 2022FY 2023
EPS0.613.814.66
PE ratio19.96 – 20.82
RONW (%)11.1241.0833.74
NAV5.469.2613.93
ROE (%)11.7851.6940.20
EBITDA (%)4.6710.8712.69
Debt/Equity 0.520.310.27
*Compiled by IPO Central from Prospectus

Quest Laboratories IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
22 May 20246355,000
21 May 20244044,500
20 May 20242537,500
18 May 20241012,000
17 May 202457,000
16 May 202457,000
15 May 202478,000

Quest Laboratories IPO Subscription – Live Updates

CategoryQIBNIIRetailTotal
Shares Offered8,31,6006,55,20014,98,80029,85,600
17 May 202457.20184.4557.6285.34
16 May 20240.012.716.123.67
15 May 20240.010.732.051.19

The market maker reservation portion of 2,28,000 shares is not included in the above calculations.


Quest Laboratories IPO Allotment Status

Quest Laboratories IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.


Quest Laboratories IPO Dates & Listing Performance

Quest IPO Opening Date15 May 2024
Quest IPO Closing Date17 May 2024
Finalization of Basis of Allotment21 May 2024
Initiation of refunds22 May 2024
Transfer of shares to demat accounts22 May 2024
Quest Laboratories IPO Listing Date23 May 2024
Opening Price on NSE SMEINR 155.10 per share (up 59.90%)
Closing Price on NSE SMEINR 147.35 per share (up 51.91%)

Quest Laboratories Offer Lead Manager

SHRENI SHARES LIMITED
Office No. 217, Hive 67 Icon, Poisar Gymkhana Road,
Lokmanya Tilak Nagar Poisar, Near Raghuleela Mall,
Kandivali West, Mumbai-400067, Maharashtra
Phone: 022 2089 7022
Email[email protected]
Website: www.shreni.in


Quest Laboratories Offer Registrar

BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com


Quest IPO Contact Details

QUEST LABORATORIES LIMITED
Plot No. 45 Sector III Pithampur,
Dhar – 454775, Madhya Pradesh, India
Phone: 07292292374
E-mail: [email protected]
Website: www.questlabltd.com


IPO FAQs

What is the Quest Laboratories Issue size?

Quest Laboratories’ offer size is INR 41.38 – 43.16 crores.

What is the Quest Laboratories IPO price band?

Quest Laboratories’ public offer price is INR 93 – 97 per share.

What is the lot size of the Quest Laboratories Offer?

Quest Laboratories offer lot size is 1,200 shares.

What is Quest Laboratories IPO GMP today?

Quest Laboratories IPO GMP today is INR 63 per share.

What is the Quest Laboratories kostak rate today?

Quest Laboratories’ kostak rate today is INR NA per application.

What is Quest Laboratories Subject to the Sauda rate today?

Quest Laboratories is Subject to the Sauda rate today is INR 55,000 per application.

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