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Clinitech Laboratory Limited IPO of Rs 5.78 crores (Clinitech Laboratory IPO) Detail

The issue is entirely a fresh issue of 6.02 lakh shares. Clinitech Laboratory IPO is a fixed price issue of Rs 5.78 crores.

Clinitech Laboratory IPO is a fixed price issue of Rs 5.78 crores. The issue is entirely a fresh issue of 6.02 lakh shares.

Clinitech Laboratory IPO opens for subscription on July 25, 2024 and closes on July 29, 2024. The allotment for the Clinitech Laboratory IPO is expected to be finalized on Tuesday, July 30, 2024. Clinitech Laboratory IPO will list on BSE SME with tentative listing date fixed as Thursday, August 1, 2024.

 

Clinitech Laboratory IPO price is ₹96 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹115,200. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹230,400.

First Overseas Capital Limited is the book running lead manager of the Clinitech Laboratory IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Clinitech Laboratory IPO is Bhh Securities.

About Clinitech Laboratory Limited

Founded in 1990, Clinitech Laboratory Limited operates 8 diagnostic centres in and around Thane and Navi Mumbai, offering diagnostic and healthcare tests and services.

The company performs over 300,000 tests annually in its NABL (National Accreditation Board for Testing and Calibration Laboratories) accredited labs, which are equipped with modern technology and high-end equipment.

The medical testing facilities of the company in Airoli, Navi Mumbai have been awarded a Certificate of Accreditation by NABL (National Accreditation Board for Testing and Calibration Laboratories) in line with ISO 15189:2012.

As of December 31, 2023 the company employs 74 people in various departments.

Refer to Clinitech Laboratory IPO DRHP for detailed information.

Clinitech Laboratory IPO Details

IPO DateJuly 25, 2024 to July 29, 2024
Listing Date[.]
Face Value₹10 per share
Price₹96 per share
Lot Size1200 Shares
Total Issue Size602,400 shares (aggregating up to ₹5.78 Cr)
Fresh Issue602,400 shares(aggregating up to ₹5.78 Cr)
Issue TypeFixed Price Issue IPO
Listing AtBSE SME
Share holding pre issue1,680,000
Share holding post issue2,282,400
Market Maker portion31,200 shares

Clinitech Laboratory IPO Reservation

Investor CategoryShares Offered
Retail Shares Offered50% of the Net Issue
Other Shares Offered50% of the Net issue

Clinitech Laboratory IPO Timeline (Tentative Schedule)

Clinitech Laboratory IPO opens on July 25, 2024, and closes on July 29, 2024.

IPO Open DateThursday, July 25, 2024
IPO Close DateMonday, July 29, 2024
Basis of AllotmentTuesday, July 30, 2024
Initiation of RefundsWednesday, July 31, 2024
Credit of Shares to DematWednesday, July 31, 2024
Listing DateThursday, August 1, 2024
Cut-off time for UPI mandate confirmation5 PM on July 29, 2024

Clinitech Laboratory IPO Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (Min)11200₹115,200
Retail (Max)11200₹115,200
HNI (Min)22,400₹230,400

Clinitech Laboratory IPO Promoter Holding

The Promoters of the company are Jagdish Umakant Nayak and Jyoti Jagdish Nayak

Share Holding Pre Issue83.63%
Share Holding Post Issue61.56%

Clinitech Laboratory Limited Financial Information (Restated)

Clinitech Laboratory Limited's revenue decreased by -1.45% and profit after tax (PAT) rose by 19.61% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets467.43603.33368.74273.32
Revenue308.12636.34645.70459.63
Profit After Tax6.7861.3151.2640.24
Net Worth244.86238.08184.81139.03
Reserves and Surplus94.8688.0834.8172.37
Total Borrowing81.59102.9188.6153.67

Key Performance Indicator

The market capitalization of Clinitech Laboratory IPO is Rs 21.91 Cr.

Pre IPOPost IPO
EPS (Rs)3.650.59
P/E (x)26.31161.59

Note:

 

Clinitech Laboratory Limited Contact Details

Clinitech Laboratory Limited
AL-1/545, Sector 16, Airoli
Opposite Radhikabai Meghe Vidyalaya
Navi Mumbai, Thane – 400708,
Phone: +91 22 27792281
Email: ipo@clinitechlab.com
Websitehttps://clinitechlab.com/

 

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