As of July 24, 2024, Clinitech Laboratory IPO has a ₹0 as Grey Market Premium, with a price range of ₹96 per share. Offering lots of 1200 shares, the subscription window is open from July 25 to July 29, 2024.
Clinitech Laboratory Limited IPO GMP Today
The Grey Market Premium (GMP) for Clinitech Laboratory Limited is ₹0 as of July 24, 2024. This assessment coincides with a price of ₹96 per share for the IPO.
Clinitech Laboratory Limited IPO Review
Clinitech Laboratory Ltd’s financials show a downturn with a slight revenue drop from ₹638.43 lakhs in March 2022 to ₹634.75 lakhs in March 2023, and a more significant fall in half-yearly revenue by September 2023 to ₹305.81 lakhs. Despite reduced debt dependence, both profitability and EPS have declined sharply, highlighting challenges in maintaining past performance levels.
The company’s financial health is mixed; while equity growth suggests potential expansion, profitability struggles with a steep drop in profit after tax from ₹51.26 lakhs to ₹6.78 lakhs. Assets increased, improving liquidity, but a higher current ratio and reduced inventory turnover indicate possible issues in asset management and sales efficiency.
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Clinitech Laboratory Limited IPO Date
Clinitech Laboratory Limited will start accepting subscriptions from July 25, 2024, to July 29, 2024.
Clinitech Laboratory Limited IPO Price
Clinitech Laboratory Limited’s price range is ₹96 per share with a face value of ₹10 each.
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Clinitech Laboratory Limited
Clinitech Laboratory Limited, with eight centres in Thane and Navi Mumbai, offers a wide range of diagnostic and healthcare services. The company’s promoters bring over 30 years of experience, and its NABL-accredited labs conduct over 300,000 tests annually using state-of-the-art technology. Clinitech provides over 150 tests across various medical specialties including Biochemistry and Molecular Biology.
How To Apply For Clinitech Laboratory Ltd IPO?
To apply for the Clinitech Laboratory IPO through Alice Blue, follow these steps:
1. Open a Demat and Trading Account with Alice Blue if you don’t have one.
2. Access IPO details for Clinitech Laboratory on the Alice Blue platform.
3. Place your bid for the desired number of shares within the IPO’s price range.
4. Confirm your information and submit your application quickly.
You can apply for the Clinitech Laboratory IPO at Alice Blue in just a few clicks!
