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Quality RO Industries Limited IPO (Quality RO IPO) Detail

January 27, 2022 - February 1, 2022

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.

Quality RO IPO Details

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 Size530,000 shares
(aggregating up to ₹2.70 Cr)
Fresh Issue530,000 shares
(aggregating up to ₹2.70 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion30,000 shares

Quality RO IPO Reservation

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 Offered30,000 (5.66%)
Other Shares Offered250,000 (47.17%)
Retail Shares Offered250,000 (47.17%)
Total Shares Offered530,000 (100%)

Quality RO IPO Timeline (Tentative Schedule)

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

Quality RO IPO Lot Size

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

Quality RO IPO Promoter Holding

Mr. Vivek Dholiya is the company promoters.

Share Holding Pre Issue 84.00%
Share Holding Post Issue 60.93%

About Quality RO Industries Limited

Headquartered in Gujarat, Quality RO Industries is engaged in the following areas:

  1. Manufacturing of water softener equipment,
  2. Contract manufacturing,
  3. Trading of RO equipment spares and associated products,
  4. Contractual logistics to local infrastructure and manufacturing companies.

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:

  • Experienced management and dedicated employee base
  • Repeat orders for satisfied customers
  • Strong relationships with suppliers, ensuring quality and timely supplies of raw materials
  • Cost-effective production and timely fulfilment of orders

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
  30-Nov-21
Total Assets 25.02
Total Revenue 1.67
Profit After Tax 0.14

Key Performance Indicator

Quality RO IPO Market Cap is Rs 9.84 Cr and P/E (x) is 113.

KPI Values
P/E (x)113
Market Cap (₹ Cr.)9.84

Objects of the Issue (Quality RO IPO Objectives)

The IPO aims to utilize the net proceed for the following objectives;

  • To meet the capital expenditure requirements
  • Working capital requirements
  • General corporate purpose
  • Public Issue Expenses

Quality RO IPO Review (Avoid)

[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...


Quality RO IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
Other4.46
Retail10.06
Total7.26

Quality RO IPO Prospectus

Quality RO IPO Rating

84
3.5
Rating:Rated 3.5 stars
Vote Here ...

Quality RO IPO Listing Details

Listing Date February 9, 2022
BSE Script Code 543460
NSE Symbol
ISIN INE0KAF01018
Final Issue Price ₹51 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹51.00
₹52.25
₹52.05
₹54.40
₹53.70

Check IPO Performance…

Quality RO Industries Limited Contact Details

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/

Quality RO IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php

Quality RO IPO - Buy or Not

Quality RO IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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Quality RO IPO FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Quality RO IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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.

The Quality RO IPO listing date is on February 9, 2022.
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Quality RO IPO Message Board

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26 Comments

15. Madhusudhana Rao K |   Link |February 9, 2022 10:12:04 AM
i sold my stocks today and come out safely with 2k profit
14. GJ 😀 |   Link |February 7, 2022 1:11:43 PM
IPO Mentor IPO Mentor (1400+ Posts, 400+ Likes)
Not sure whose mistake it is or a technical glitch,
but I do have this one's mandate
which will expire on 02-Mar-2022 (ideally it should be 02-Feb-2022)

thinking on accepting or not 😂🤣
13. Amit Jaipur |   Link |February 5, 2022 8:30:58 PM
IPO Guru IPO Guru (1300+ Posts, 1400+ Likes)
At last able to check n got a single allotment.
13.1. Amit Jaipur |   Link |February 5, 2022 8:41:23 PM
IPO Guru IPO Guru (1300+ Posts, 1400+ Likes)
Sorry msg at wrong board.
12. Rajnikant bhadani |   Link |February 5, 2022 8:11:43 PM
Which prise open in listing day ?????
Please write your viwe
11. Visamp |   Link |February 4, 2022 7:56:11 PM
Got message allotment icici ASBA. 1/1 LOT APPLIED.
10. Madhusudhana Rao K |   Link |February 4, 2022 7:26:49 PM
Got ICIC message

got 1/1 - Happy
10.1. Amit Jaipur |   Link |February 4, 2022 7:42:28 PM
IPO Guru IPO Guru (1300+ Posts, 1400+ Likes)
All the best for listing.
9. Amit Jaipur |   Link |February 1, 2022 3:28:36 PM
IPO Guru IPO Guru (1300+ Posts, 1400+ Likes)
It may also give some listing gain. As like alkosign.
9.1. lokes |   Link |February 1, 2022 4:53:20 PM
IPO Guru IPO Guru (4200+ Posts, 4900+ Likes)
ya it may give but for that very small gain, risk may be much more and alkosign was much better than this overall in terms of company.
8. Amit Jaipur |   Link |February 1, 2022 10:34:27 AM
IPO Guru IPO Guru (1300+ Posts, 1400+ Likes)
Whats the final call of my dear esteemed members of this forum to apply or not.
8.2. Arca |   Link |February 1, 2022 2:11:33 PM
IPO Guru IPO Guru (1000+ Posts, 500+ Likes)
I am not applying
8.3. Amit Jaipur |   Link |February 1, 2022 2:25:18 PM
IPO Guru IPO Guru (1300+ Posts, 1400+ Likes)
Me Too not applying in this.Left.
7. IPO Electrifying |   Link |January 31, 2022 8:25:20 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Avoid.
6. Vijay Chavan |   Link |January 30, 2022 9:32:18 PM
How to apply this bse sme ipo.... Through which trading app...
5. True IPO Lover |   Link |January 28, 2022 5:03:40 PM
As per Dilip Davda- it's an avoid msg.

So not applying.
4. Jigpatelcfa |   Link |January 24, 2022 11:56:57 AM
I'm planning to invest in this one, probably a few lots in small quantity, makes for a good small portfolio allocation. Visited factory site since I'm based out of the same town, additional shed already under construction for expansion, good promoter growth vision.
4.2. gjy |   Link |January 27, 2022 5:42:12 PM
Jignesh , are you Hitesh's friend ? From Ahmedabad. You were in axis right ?
4.3. Jigpatelcfa |   Link |February 24, 2022 9:39:11 AM
Hey, nope, you've mistaken me for someone else bud, I work as the head of research with one of marquee commodity information companies in India.
3. Blick |   Link |January 27, 2022 5:40:08 AM
Not sure how big the RO market is. This company would mostly deal in aftermarket sales I think. Should be a small market - valuations seem high for long term prospects.
2. IPO Mitr |   Link |January 25, 2022 5:01:43 PM
RO business has lot of potential but this company has not been organically build but a set of people have taken over another company business with the same name and now coming out with SME IPO to raise interest free money from gullible investors..... Revenue is very small and profit virtually non-existent. I would have loved to invest in this business provided they have run the company post acquisition for couple of years and shown reasonable profits.

Irrespective of subscription levels, I am planning to stay away from this SME IPO.
2.1. Organic |   Link |January 26, 2022 7:37:38 PM
Thank you very much for your review. Ii admire your knowledge IPO mitra! Kem ch mitr?
1. lokes |   Link |January 23, 2022 8:43:21 PM
IPO Guru IPO Guru (4200+ Posts, 4900+ Likes)
Better avoid this one (very less revenue/profits, looks like very small company and in starting phase now) and invest in adani wilmar ipo during same time.
1.1. MDinesh |   Link |February 1, 2022 9:58:06 AM
Looks like Dilip sir review is not read by all the applicants, now-a-days IPO listing price boom is high for small companies like this