Quality RO Industries will start booking for IPO on 2022-01-27.
Quality RO Industries will stop its booking for IPO on 2022-01-27.
The size of Quality RO Industries IPO is ₹2.70 Cr.
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.
Company Strengths:
The IPO aims to utilize the net proceed for the following objectives;
Mr. Vivek Dholiya is the company promoters.
On the financial performance front, for the FY22, QRIL has reported only 62 days working post its incorporation. For the period from September 30, 2021, to November 30, 2021, it has earned a net profit of Rs. 0.02 cr. on a turnover of Rs. 0.17 cr.
As proprietorship entity, for the last three fiscals, it has posted turnover/net profits of Rs. 1.24 cr. / Rs. - (0.06) cr. (FY19), Rs. 1.90 cr. / Rs. 0.01 cr. (FY20), Rs. 1.85 cr. / Rs. 0.04 cr. (FY21).
The issue is priced at a P/BV of 4.51 based on its NAV of Rs. 11.31 as of November 30, 2021, and at a P/BV of 2.64 based on its post-IPO NAV of Rs. 19.29.
If we annualize FY22 earnings and attribute it to fully diluted post-IPO paid-up equity capital, then the asking price is at a P/E of 113 making it an exorbitantly priced offer.
Quality RO Industries IPO open date is Jan 27, 2022, and the close date is Feb 1, 2022. The issue may list on Feb 9, 2022.
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IPO Open Date
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Jan 27, 2022 |
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IPO Close Date
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Feb 1, 2022 |
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Basis of Allotment Date
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Feb 4, 2022 |
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Initiation of Refunds
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Feb 7, 2022 |
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Credit of Shares to Demat Account
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Feb 8, 2022 |
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IPO Listing Date
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Feb 9, 2022 |
Quality RO Industries Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots at 51 per Share minimum 2000 Qty.
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Minimum
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1 Lot, 2000 Shares and ₹102,000 |
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Maximum
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1 Lot, 2000 Shares and ₹102,000 |
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