Quality RO Industries IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Apr 23, 2022Let’s have a detailed review of the company and analytics of the Quality RO Industries IPO release date, IPO offer price, subscription, Quality RO Industries Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 51 |
| Listing At | BSE, SME |
| Min. Order Quantity | 2000 Shares |
| Listing Date | Feb 9, 2022 |
| Offer for Sale | Rs Lakhs |
| Fresh Issue | Rs 270 Lakhs |
| IPO Size | Rs 270 Lakhs |
| Tick Size | 1 |
Quality RO Industries IPO is listed at a Rs. 41 premium. Check out the live share price by clicking on the below link.
Quality RO Industries IPO – Summary
Their Company was originally incorporated on September 30, 2021 as “Quality RO Industries Private Limited” vide Registration No. 126004/2021-22 under the provisions of the Companies Act, 2013 with the Registrar of Companies, Central Registration Centre.
Subsequently, Their Company has acquired the entire running business with the assets and liabilities of M/s Quality RO Products, sole proprietorship concern of Their Promoter Mr. Vivek Dholiya vide Business Transfer Agreement dated November 02, 2021.
The Promoter of this company is MR. VIVEK DHOLIYA. The lead manager to the issue is SHRENI SHARES PRIVATE LIMITED, and the Registrar to this issue is SKYLINE FINANCIAL SERVICES PRIVATE LIMITED.
Quality RO Industries IPO Date
The opening and the closing date of Quality RO Industries IPO are Jan 27, 2022 and Feb 1, 2022 Respectively.
Quality RO Industries IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 27th Jan | 2.02x | 0.78x | 1.40x |
| 2nd Day – 28th Jan | 2.13x | 4.86x | 3.50x |
| 3rd Day – 30st Jan | 2.13x | 4.86x | 3.50x |
| 4th Day – 31st Jan | 3.14x | 6.70x | 4.92x |
| 5th Day – 1st Feb | 4.46x | 10.06x | 7.26x |
| Shares Offered or Net Issue | 250,000 | 250,000 | 500,000 |
The shares subscribed by the public will be updated here.
Check Quality RO Industries IPO LIVE Subscription
- Quality RO Industries IPO LIVE Bid details on BSE
- Quality RO Industries IPO LIVE Bid details on SME
For the Latest Bid details click on the above links.
Quality RO Industries IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Quality RO Industries Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Feb 4, 2022 |
| Refunds Initiation | Feb 7, 2022 |
| Credit of Shares to Demat Account | Feb 8, 2022 |
| Share Listing Date | Feb 9, 2022 |
Quality RO Industries IPO Price Band / Cash Price
The face value of each share is Rs.10, but the price band of the IPO is Rs.51
Quality RO Industries IPO Equity Size
This Initial Public Issue of 5,30,000 Equity Shares of Rs.10 each for cash at a price of Rs.51 per equity share aggregating to Rs.270.30 Lakhs.
Quality RO Industries IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 530,000 Equity Shares of Rs.10/ each.
Issue Size: 530,000 Equity Shares of Rs.10 each, aggregating to Rs.270 Lakhs
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Quality RO Industries IPO – Live Performance
The listing date of this IPO is Feb 9, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Quality RO Industries Share Price |
Quality RO Industries IPO Grey Market Premium
The Quality RO Industries Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Quality RO Industries IPO – Company Overview
Their company is engaged in the business of manufacturing, marketing and supplying components for water purifiers and softener equipment. These water purifiers parts have been designed to make a proper fitting for RO Plants and Systems of different varieties, as they produce strictly according to industry standards.
Their Company was originally incorporated on September 30, 2021 as “Quality RO Industries Private Limited” vide Registration No. 126004/2021-22 under the provisions of the Companies Act, 2013 with the Registrar of Companies, Central Registration Centre. Subsequently, Their Company has acquired the entire running business with the assets and liabilities of M/s Quality RO Products, sole proprietorship concern of Their Promoter Mr. Vivek Dholiya vide Business Transfer Agreement dated November 02, 2021.
Further, Their Company was converted into Public Limited Company and consequently name of company was changed from “Quality RO Industries Private Limited” to “Quality RO Industries Limited” vide Special resolution passed by the Shareholders at the Extra-Ordinary General Meeting held on November 29, 2021 and a fresh certificate of incorporation dated December 13, 2021 issued by the Registrar of Companies, Ahmedabad.
Quality RO Industries IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakhs) | |
| 30-Nov-21 | |
| Total Assets | 250.21 |
| *Total Revenue | 16.78 |
| Total Expense | 14.82 |
| Profit After Tax | 1.47 |
Earnings per Equity Share (in Lakhs)
| 30-Nov-21 | |
| Basic & Diluted | 0.11 |
Further, their PAT for the period ended on Nov 30, 2021, 1.47 Lakhs respectively.
Quality RO Industries IPO – Promoters
The Promoter of this company is:
- MR. VIVEK DHOLIYA
List of Related Parties (Key Managerial Personnel)
- Mr. Vivek Dholiya, Chairman cum Managing Director
- Mrs. Damini Dholiya, Whole-Time Director
- Mr. Ankit Jagdishbhai Kansara, Non-Executive Independent Director
- Mr. Shirish Amrutlal Kotadia, Non – Executive Independent Director
- Mr. Pankil Anilbhai Gandhi, Non-Executive Independent Director
Quality RO Industries IPO – Promoters Holding
- Pre Issue Share Holding – 84.00%
- Pos Issue Share Holding – 60.93%
Quality RO Industries IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 5,30,000 Equity Shares aggregating up to Rs.270.30 Lakhs |
| of which: | |
| Issue Reserved for the Market Makers | Up to 30,000 Equity Shares aggregating up to Rs.15.30 Lakhs |
| Net Issue to the Public | Up to 5,00,000 Equity Shares aggregating up to Rs.255.00 Lakhs |
| Of which: | |
| Retail Investors Portion | Not less than 2,50,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 2,50,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 14,00,000 Equity Shares |
| Equity Shares outstanding after the Issue | 19,30,000 Equity Shares |
Quality RO Industries IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- To Meet the Capital Expenditure Requirements
- To Meet the Incremental Working Capital Requirements
- General Corporate Expenses
- Public Issue Expenses
Quality RO Industries IPO – Business Strategy
- Expansion of Their production capacity
- Expand Their Current Business Operations
- Improving operational efficiencies
- Optimal Utilization of ResTheyces
Quality RO Industries IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experienced Promoter and Management Expertise
- Scalable Business Model
- Quality Assurance and Standards
- Existing relationship with suppliers
- Cost effective production and timely fulfilment of orders
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Nov-21 | 0.11 | 0.93 | 11.31 |
Quality RO Industries IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Quality RO Industries Limited | 10 | 154.55 | 0.11 | 0.93 | 16.78 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Quality RO Industries IPO Lead Managers
| Lead Managers |
| SHRENI SHARES PRIVATE LIMITED SEBI Registration Number: INM000012759 Office No. A-102, 1st Floor, Sea Lord CHSL, Above Axis Bank, Ram Nagar, Borivali (West), Mumbai- 400092, Maharashtra, India Tel No.: +91 – 22 – 2808 8456 Email: shrenishares@gmail.com Investors Grievance Id: info@shreni.in Website: www.shreni.in Contact Person: Mr. Krunal Pipalia |
Quality RO Industries IPO Registrar to offer
| Registrar to the Offer |
| SKYLINE FINANCIAL SERVICES PRIVATE LIMITED SEBI Registration Number: INE00003241 D-153A, 1st Floor, Okhla Industrial Area Phase-I, New Delhi – 110020, India Telephone: +91-11-40450193-197 Fax No: +91-11-26812683 Email: compliances@skylinerta.com Investor grievance email: grievances@skylinerta.com Website: www.skylinerta.com Contact Person: Mr. Alok Gautam |
Quality RO Industries IPO – Other Details
- Statutory Auditor – M/S. A Y & CO., Chartered Accountants
- Legal Counsel to the Company – ASHA AGARWAL & ASSOCIATES
- Bankers to the Company – THE KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED
Quality RO Industries IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Quality RO Industries Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Quality RO Industries IPO Review FAQs
Ques – What is the Issue Size of Quality RO Industries IPO?
Answer – The Company is making an initial public offer of 5,30,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.
Ques – What is the Price band of Quality RO Industries IPO?
Answer – The price band for this particular IPO ranges between Rs.51. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the Quality RO Industries IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Jan 27, 2022, while the closing date is set at Feb 1, 2022.
Ques – What is the Quality RO Industries IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Feb 4, 2022, refund initiation is on Feb 7, 2022, credit of shares is on Feb 8, 2022, and share listing date is on Feb 9, 2022.
Ques – What is the Quality RO Industries IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges Feb 9, 2022. The date, when the listing would be done, is stagnant on Feb 9, 2022.
Ques – Who is the Registrar of Quality RO Industries IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. SKYLINE FINANCIAL SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of Quality RO Industries IPO?
Answer – Here are the promoters of this IPO – MR. VIVEK DHOLIYA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is GMP of Quality RO Industries IPO?
Answer – They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Quality RO Industries IPO good for Investment?
Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of Quality RO Industries Company?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year Nov 2021 in Lakhs is 1.47.
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