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Quality RO IPO is a fixed price issue of Rs 2.70 crores. The issue is entirely a fresh issue of 5.3 lakh shares.
Quality RO IPO bidding started from January 27, 2022 and ended on February 1, 2022. The allotment for Quality RO IPO was finalized on Friday, February 4, 2022. The shares got listed on BSE SME on February 9, 2022.
Quality RO IPO price is ₹51 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹102,000.
Shreni Shares Limited is the book running lead manager of the Quality RO IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.
Refer to Quality RO IPO RHP for detailed information.
| IPO Date | January 27, 2022 to February 1, 2022 |
| Listing Date | February 9, 2022 |
| Face Value | ₹10 per share |
| Price | ₹51 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 530,000 shares (aggregating up to ₹2.70 Cr) |
| Fresh Issue | 530,000 shares (aggregating up to ₹2.70 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 30,000 shares |
Quality RO IPO offers 530,000 shares. 250,000 (47.17%) to NII, 250,000 (47.17%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 30,000 (5.66%) |
| Other Shares Offered | 250,000 (47.17%) |
| Retail Shares Offered | 250,000 (47.17%) |
| Total Shares Offered | 530,000 (100%) |
Quality RO IPO opens on January 27, 2022, and closes on February 1, 2022.
| IPO Open Date | Thursday, January 27, 2022 |
| IPO Close Date | Tuesday, February 1, 2022 |
| Basis of Allotment | Friday, February 4, 2022 |
| Initiation of Refunds | Monday, February 7, 2022 |
| Credit of Shares to Demat | Tuesday, February 8, 2022 |
| Listing Date | Wednesday, February 9, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 1, 2022 |
Investors can bid for a minimum of 2000 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 | 2000 | ₹102,000 |
| Retail (Max) | 1 | 2000 | ₹102,000 |
| Lot Size Calculator | |||
Mr. Vivek Dholiya is the company promoters.
| Share Holding Pre Issue | 84.00% |
| Share Holding Post Issue | 60.93% |
Headquartered in Gujarat, Quality RO Industries is engaged in the following areas:
As of November 30, 2021, the company has an installed capacity of (i) 70,000 units for Filters, 17,000 units for RO Bowl, and 25,000 units for RO Housing. The company has 7 employees at the registered office including its directors.
Competitive Strengths:
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 30-Nov-21 | |||||
| Total Assets | 25.02 | ||||
| Total Revenue | 1.67 | ||||
| Profit After Tax | 0.14 | ||||
The market capitalization of Quality RO IPO is Rs 9.84 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 113 |
The IPO aims to utilize the net proceed for the following objectives;
[Dilip Davda] QRIL’s financial performance is not that impressive for the asking price and that too appears exorbitant at 113 P/E. Its post IPO equity capital will be just below Rs. 2 cr. and thus will have longer gestation for migration to the main board. Simply stay away from this greedily priced offer. Read detail review...
The Quality RO IPO is subscribed 7.26 times on February 1, 2022 6:52:00 PM. The public issue subscribed 10.06 times in the retail category, times in the QIB category, and 4.46 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 4.46 |
| Retail | 10.06 |
| Total | 7.26 |
| Listing Date | February 9, 2022 |
| BSE Script Code | 543460 |
| NSE Symbol | |
| ISIN | INE0KAF01018 |
| Final Issue Price | ₹51 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹51.00 |
| ₹52.25 |
| ₹52.05 |
| ₹54.40 |
| ₹53.70 |
Quality RO Industries Limited
Plot No. 09, POR Industrial Park,
NH 08 Behind Sahayog Hotel, Village POR,
Vadodara-391243, Gujarat, India
Phone: +91- 6358839303
Email: info@qualityro.in
Website: https://qualityro.in/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
SME Company Owners
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Check our SME IPO Guide 
Quality RO IPO is a SME IPO of 530,000 equity shares of the face value of ₹10 aggregating up to ₹2.70 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000 Shares.
The IPO opens on January 27, 2022, and closes on February 1, 2022.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Quality RO IPO using UPI as a payment gateway. Zerodha customers can apply in Quality RO IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Quality RO IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Quality RO IPO opens on January 27, 2022 and closes on February 1, 2022.
Quality RO IPO lot size is 2000 Shares, and the minimum amount required is ₹102,000.
You can apply in Quality RO IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Quality RO IPO will be done on Friday, February 4, 2022, and the allotted shares will be credited to your demat account by Tuesday, February 8, 2022. Check the Quality RO IPO allotment status.
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