What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Qualitek Labs Limited IPO allotment date?

The basis of allotment for Qualitek Labs Limited IPO is scheduled to be finalized on 24 Jan 2024.

Where can I check Qualitek Labs Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Skyline Financial Services Private Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 25 Jan 2024.

IPO GreyPremiumLIVE

Grey Market Intelligence

Qualitek Labs Limited

ListedSME

Emerging SME Services · BSE

Founded in 2018, Qualitek Labs Limited specializes in testing, inspection, homologation, certification, and consulting services across various industries. The company offers laboratory services in automotive testing, defense product testing, metals & metallurgy testing, mineral testing, environment & water testing, food & agriculture testing, and pharma & healthcare. It operates two testing laboratories located in Pune and Bhubaneshwar. As of January 2024, Qualitek Labs Limited employs a total of 144 personnel.

Price Band

₹100

Issue Size

₹19.64 Cr

Lot Size

1200 shares

GMP

₹60

+60.0%

Est. Listing

₹160

at current GMP

Subscribed

59.00x

overall

Open

18 Jan 2024

23 Jan 2024

Allotment

24 Jan 2024

Refund

25 Jan 2024

Demat Credit

26 Jan 2024

Listing

29 Jan 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Qualitek Labs Limited Allotment Status

Designated Registrar: Skyline Financial Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

24 Jan 2024

Basis finalization

Refunds Initiate

25 Jan 2024

Mandate release

Demat Credit

26 Jan 2024

Shares in demat

Listing Debut

29 Jan 2024

Trading begins

About Qualitek Labs Limited Public Issue & Market Profile

Qualitek Labs Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹19.64 Crores. The shares are offered at a price band of ₹100 to ₹100 per equity share on BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2024-01-23, the basis of allotment is scheduled to be finalized on 2024-01-24. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Skyline Financial Services Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.