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 Date | July 25, 2024 to July 29, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹96 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 602,400 shares (aggregating up to ₹5.78 Cr) |
| Fresh Issue | 602,400 shares(aggregating up to ₹5.78 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 1,680,000 |
| Share holding post issue | 2,282,400 |
| Market Maker portion | 31,200 shares |
Clinitech Laboratory IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% 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 Date | Thursday, July 25, 2024 |
| IPO Close Date | Monday, July 29, 2024 |
| Basis of Allotment | Tuesday, July 30, 2024 |
| Initiation of Refunds | Wednesday, July 31, 2024 |
| Credit of Shares to Demat | Wednesday, July 31, 2024 |
| Listing Date | Thursday, August 1, 2024 |
| Cut-off time for UPI mandate confirmation | 5 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.| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹115,200 |
| Retail (Max) | 1 | 1200 | ₹115,200 |
| HNI (Min) | 2 | 2,400 | ₹230,400 |
Clinitech Laboratory IPO Promoter Holding
The Promoters of the company are Jagdish Umakant Nayak and Jyoti Jagdish Nayak| Share Holding Pre Issue | 83.63% |
| Share Holding Post Issue | 61.56% |
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 Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 467.43 | 603.33 | 368.74 | 273.32 |
| Revenue | 308.12 | 636.34 | 645.70 | 459.63 |
| Profit After Tax | 6.78 | 61.31 | 51.26 | 40.24 |
| Net Worth | 244.86 | 238.08 | 184.81 | 139.03 |
| Reserves and Surplus | 94.86 | 88.08 | 34.81 | 72.37 |
| Total Borrowing | 81.59 | 102.91 | 88.61 | 53.67 |
Key Performance Indicator
The market capitalization of Clinitech Laboratory IPO is Rs 21.91 Cr.| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.65 | 0.59 |
| P/E (x) | 26.31 | 161.59 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2023 that is available in RHP.
Clinitech Laboratory Limited Contact Details
AL-1/545, Sector 16, Airoli
Opposite Radhikabai Meghe Vidyalaya
Navi Mumbai, Thane – 400708,
Phone: +91 22 27792281
Email: ipo@clinitechlab.com
Website: https://clinitechlab.com/
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