Headquartered in Gujarat, Quality RO Industries is engaged in the following areas:
- Manufacturing of water softener equipment,
- Contract manufacturing,
- Trading of RO equipment spares and associated products,
- 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 Promoters:
Mr. Vivek Dholiya is the company promoters.
Company Financials:
| Particulars | For the year/period ended (₹ in Millions) |
|---|---|
| 30-Nov-21 | |
| Total Assets | 25.02 |
| Total Revenue | 1.67 |
| Profit After Tax | 0.14 |
Objects of the Issue:
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 Details
| IPO Opening Date | Jan 27, 2022 |
| IPO Closing Date | Feb 1, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹51 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | BSE SME |
| Issue Size | 530,000 Eq Shares of ₹10 (aggregating up to ₹2.70 Cr) |
| Fresh Issue | 530,000 Eq Shares of ₹10 (aggregating up to ₹2.70 Cr) |
Quality RO IPO Tentative Timetable
The Quality RO IPO open date is Jan 27, 2022, and the close date is Feb 1, 2022. The issue may list on Feb 9, 2022.
| IPO Open Date | Jan 27, 2022 |
| IPO Close Date | Feb 1, 2022 |
| Basis of Allotment Date | Feb 4, 2022 |
| Initiation of Refunds | Feb 7, 2022 |
| Credit of Shares to Demat Account | Feb 8, 2022 |
| IPO Listing Date | Feb 9, 2022 |
Quality RO IPO Lot Size
The Quality RO IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹102,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹102,000 |
| Maximum | 1 | 2000 | ₹102,000 |
Quality RO IPO Promoter Holding
| Pre Issue Share Holding | 84.00% |
| Post Issue Share Holding | 60.93% |
Quality RO IPO Review
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.
Company Contact Information
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: +91 – 11 – 2681
Email: compliances@skylinerta.com
Website: http://www.skylinerta.com