Quality RO is engaged in the business of supplying of various water treatment products as well as logistics services. As a supplier, it procures polypropylene raw materials and manufactures various types of softener equipment such as filter parts, premium filter cartridges, taps, membrane housing. The company is also engaged in contractual manufacturing for the water treatment industry. Quality RO also makes sales through online platforms. In addition, it is also engaged in providing logistics services on a contractual basis to a few local infrastructure companies.
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
| 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
| 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 Prospectus
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 |
Quality RO IPO FAQs
| When Quality RO IPO will open? The Quality RO IPO dates are 27 Jan 2022 To 01 Feb 2022 |
| What is the lot size of Quality RO IPO? Quality RO IPO lot size and the minimum order quantity is 2000 Shares. |
| How to apply for Quality RO IPO? You can apply in Quality RO IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. |
| When is Quality RO IPO listing date? The Quality RO IPO listing date is not announced. The date of Quality RO IPO listing is [09 Feb 2022]. |
