Quality RO Industries Limited IPO (Quality RO IPO) Detail

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 Promoters:

Mr. Vivek Dholiya is the company promoters.

Company Financials:

ParticularsFor the year/period ended (₹ in Millions)
Total Assets25.02
Total Revenue1.67
Profit After Tax0.14

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 DateJan 27, 2022
IPO Closing DateFeb 1, 2022
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹51 per equity share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtBSE SME
Issue Size530,000 Eq Shares of ₹10
(aggregating up to ₹2.70 Cr)
Fresh Issue530,000 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 DateJan 27, 2022
IPO Close DateFeb 1, 2022
Basis of Allotment DateFeb 4, 2022
Initiation of RefundsFeb 7, 2022
Credit of Shares to Demat AccountFeb 8, 2022
IPO Listing DateFeb 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).

ApplicationLotsSharesAmount (Cut-off)

Quality RO IPO Promoter Holding

Pre Issue Share Holding84.00%
Post Issue Share Holding60.93%

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

Quality RO IPO Registrar

Skyline Financial Services Private Ltd

Phone: +91 – 11 – 2681
Email: compliances@skylinerta.com

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