Quality RO IPO is engaged Manufacturing of water softener equipment.
Quality RO IPO – overview
| IPO Dates | 27 Jan – 1Feb 2022 |
| IPO Price | INR 51 per share |
| Fresh issue | 530,000 shares (INR 2.70 crore) |
| Offer For Sale | Nil |
| Total IPO size | 530,000 shares (INR 2.70 crore) |
| Minimum bid (lot size) | 2000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE Emerge |
Quality RO IPO – Tentative Dates
| IPO Offer Opening Date | 27 Jan 2022 |
| IPO Closing Date | 01 Feb 2022 |
| Finalization of Basis of Allotment | 04 Feb 2022 |
| Initiation of refunds | 07 Feb 2022 |
| Transfer of shares to demat accounts | 08 Feb 2022 |
| IPO Listing Date | 09 Feb 2022 |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
Company Overview
Quality RO IPO is engaged Headquartered in Gujarat,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.
Industry Overview
India is an attractive hub for foreign investments in the manufacturing sector. Several mobile phone, luxury and automobile brands, among others, have set up or are looking to establish their manufacturing bases in the country. The manufacturing sector of India has the potential to reach US$ 1 trillion by 2025. The implementation of the Goods and Services Tax (GST) will make India a common market with a GDP of US$ 2.5 trillion along with a population of 1.32 billion people, which will be a big draw for investors. The Indian Cellular and Electronics Association (ICEA) predicts that India has the potential to scale up its cumulative laptop and tablet manufacturing capacity to US$ 100 billion by 2025 through policy interventions. With impetus on developing industrial corridors and smart cities, the Government aims to ensure holistic development of the nation. The corridors would further assist in integrating, monitoring and developing a conducive environment for industrial development and will promote advanced practices in manufacturing.
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
Objectives of the issue
- To meet the capital expenditure requirements
- Working capital requirements
- General corporate purpose.
Company Financials
| Particulars | 30-Nov-21 |
| Total Assets | 25.02 |
| Total Revenue | 1.67 |
| Profit After Tax | 0.14 |
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/
Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/
Lead Manager(s)
- SHRENI SHARES PRIVATE LIMITED (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
