Clinitech Laboratory IPO: BSE SME issue booked 39 times on the final day; check key details

Clinitech Laboratory IPO (Clinitech Laboratory Ltd) subscription closed on Monday, July 29, with strong demand across all categories. Due to high retail demand, the initial public offering of diagnostics and health testing services was booked over 39 times

Clinitech Laboratory's IPO received bids for nearly 2.23 crore shares, compared to the 5.71 lakh shares on offer, leading to an overall subscription of 39.01 times.

The public issue was booked 23.38 times in the Non-Institutional Investors (NIIs) category. The NIIs placed bids for over 70.44 lakh shares compared to the 3.01 lakh shares reserved for the category.

The retail portion of the BSE SME issue was subscribed 49.6 times with applications for over 1.49 crore shares against the 3.01 lakh shares set aside for the category.

The Qualified Institutional Buyers (QIBs) applied for over 3.01 lakh shares.

Clinitech Laboratory IPO offer size, minimum investment and price band

Clinitech Laboratory’s public issue was worth ₹5.78 crore. The fixed-price issue consisted of an entirely new issue of 6.02 lakh shares.

The issue price of Clinitech Laboratory IPO was fixed at ₹96 per share. The minimum lot size for retail investors was fixed at 1200 shares, which aggregates to a minimum investment of ₹1,15,200.

Clinitech Laboratory IPO share allotment status, listing date and other details

Clinitech Laboratory IPO saw strong demand on the final day of subscription. The BSE SME issue’s subscription window opened on Thursday, July 25, and closed on Monday, July 29. Clinitech Laboratory IPO’s share allotment status is likely to be finalised by Tuesday, July 30. On July 31, the company will initiate refunds for unsuccessful bidders and successful bidders will receive shares of Clinitech Laboratory in their Demat accounts. Shares of Clinitech Laboratory are likely to be listed on August 1 on the BSE SME platform.

About Clinitech Laboratory

Clinitech Laboratory Ltd was founded in 1990. The company is a provider of diagnostic and health testing services. The diagnostic lab chain has eight diagnostic centres around Thane and Navi Mumbai. The company employed 85 people across departments as of May 31, 2024.