Incorporated in June 1998, Quest Laboratories Limited is a pharmaceutical company manufacturing a range of antibiotics, antimalarials, antispasmodics, anti-inflammatories, antiemetics, respiratory medications, diabetes treatments, antidepressants, and more.
The company operates in the domestic market across twelve (12) states and two (2) union territories. These include Uttar Pradesh, Madhya Pradesh, Maharashtra, Delhi, Jharkhand, Assam, Karnataka, Jammu & Kashmir, Rajasthan, West Bengal, Gujarat, Telangana, Haryana, and Bihar.
The manufacturing unit of the company is located in Dhar, Madhya Pradesh.
The company holds WHO Schedule M GMP and GLP certifications, as well as ISO/IEC 17025:2017 and ISO 9001:2015 certifications.
By December 31st, 2023, the company employs 83 individuals to lookafter various aspects of its manufacturing operations, including production, quality control, technical and engineering support services, inventory management, administration, accounting, and other functions such as storage, packing, and dispatch.
| Purpose | Amount (₹ Cr) |
|---|---|
| Funding of capital expenditure towards purchase of plant and machinery for expansion at the existing manufacturing facility; | — |
| Funding working capital requirements of the company; | — |
| Funding working capital requirements of the company; | — |
| Metric | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2023 |
|---|---|---|---|
| Total Assets | 5,869 | 4,665 | 3,480 |
| Revenue | 6,218 | 6,187 | 5,954 |
| PAT | 6,218 | 6,218 | 411 |
| Net Worth | 2,277 | 1,502 | 999 |
| Reserves | 1,198 | 892 | 892 |
| Total Borrowing | 461 | 410 | 313 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 2,067,600 (46%) | — |
| NII / HNI | — | 655,200 (15%) | — |
| Retail (RII) | — | 1,498,800 (34%) | — |
| Market Maker | — | 228,000 (5%) | — |
| Total | — | 4,449,600 (100%) | — |
* Amount calculated at upper price band (₹97) · ** Total includes all investor categories
- 1 Initiation of Refund 22 May 2024
- 2 Credit of Shares to Demat 22 May 2024
- Retail allocation is good at 34% of the total offering.
- HNI/NII demand is good at 15%.
- Institutional (QIB) interest is strong at 46%.
- The IPO P/E of 15x reflects a good valuation relative to typical market ranges.
- Pre-issue EPS of ₹4 compares to post-issue EPS of ₹6 after dilution.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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