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Qualitek Labs IPO opens today. Check issue size, price band and other details
The SME IPO of Qualitek Labs opens for subscription today. The issue closes on January 22. The IPO is entirely a fresh equity issue of 19.64 lakh shares at Rs 100 apiece. For the period ended September 2023, the company recorded revenues of Rs 12.48 crore and a net profit of Rs 2 crore. The net proceeds from the public offer will be used for funding capital expenditure, repayment of borrowings, and working capital requirements.