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InvestmentsIPOQ-Line Biotech IPO

Q-Line Biotech IPO

SME

Open Date

21 May 2026

Close Date

25 May 2026

Min Investment

₹ 2,74,400

Lot Size

400

Issue Size

₹ 214.48 Cr

Price Range

₹ 326 - ₹ 343

Subscribed

99.83 x
status

IPO Closed Now.

IPO Timeline
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IPO Offer Start
21 May 2026
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IPO Offer Ends
25 May 2026
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Allotment Finalisation
26 May 2026
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Refund Initialisation
27 May 2026
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Non-Institutional Buyers (sHNI)
27 May 2026
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Listing of Shares
29 May 2026
IPO Subscription Details as on 27 May 2026, 09:50 PM
Qualified Instituational Buyers (QiB)
119.36 x
Retail
68.96 x
Total
99.83 x
Non-Institutional Buyer (bHNI)
178.48 x
Non-Institutional Buyer (sHNI)
80.38 x
Note: This information is provided for general guidance only. Dates may be subject to change.
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About the Company
The company is engaged in developing, manufacturing and marketing diverse range of reagents (including kits and POC devices), consumables and manufacturing, importing, distribution/supply of diagnostic equipment for different diagnostic healthcare needs. The company supplies diagnostic equipment and IVD products for different diagnostic healthcare needs since 2013 directly or through distributors majorly to diagnostic service providers, hospitals and medical colleges. The company has established its brands over a period of 12 years through experience, R&D, manufacturing capabilities and quality assurance with core segments including Clinical Chemistry, Haematology, Immunodiagnostics, Molecular Diagnostics and Others (POC Devices & Rapids).
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Founded In

2010

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CEO

Kuldeep Chowdhry

Financials of Qline Biotech IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2023Mar 2024Mar 2025
Operating Revenue182.74203.65313.78
Other Income2.082.808.80
Total Income
184.81206.45322.58
Total Expenses
154.97175.85261.43
Profit Before Tax29.8430.6044.19
Total Profit
32.1034.4528.13

All figures are in crores (₹)

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Utilisation of Proceeds

All figures are in crores (₹)

PurposeAmount
The company requires working capital majorly for investment in trade receivables, inventories and payment to trade payables and funding day to day operations. The company is engaged in the business of manufacturing, trading and distribution of Reagents, medical equipment's for customers located in India and outside India.94
The company proposes to utilize proceeds towards full or partial repayment or pre-payment of certain borrowings availed from lenders. The company believes that such repayment will help reduce outstanding indebtedness, debt servicing costs, assist in maintaining favorable debt to equity ratio and enable utilization of internal accruals for further investment in business growth.90
The company intends to deploy the balance Fresh Issue proceeds towards general corporate purposes to drive business growth. The management will have flexibility in utilizing proceeds for meeting operating expenses, initial development costs for projects, strengthening business development and marketing capabilities, meeting exigencies and other purposes as approved by Board of Directors.-
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  • Established manufacturing capabilities with focus on R&D, reverse engineering and quality control: The company operates four manufacturing facilities with dedicated R&D division of 19 scientists and engineers, annual installed capacity of 1.4 million kits for reagents and 1,200 Selectra Machines, with R&D spend around 1% of revenue and ISO 13485:2016 certification.
  • Diversified product portfolio with focus on IVD industry: The company has developed diversified product portfolio in IVD industry including reagents, point of care devices and kits used in Clinical Chemistry, Coagulation, Haematology, HPLC, Rapid/Elisa, molecular diagnostics, with marketing presence in around 26 states and Union Territory.
  • Widespread distribution network with a presence across all four regions: The company maintains comprehensive marketing and distribution infrastructure with 103 sales personnel and 35 service engineers as of March 31, 2026, serving through 283 distributors as of December 31, 2025.
  • Long standing relationships with customers: The company served 907 customers during period ended December 31, 2025, with 361 customers placing repeated orders in all last 3 years, and top 10 customers contributing 81.28% of total revenue from operations for period ended December 31, 2025.
  • Track record of healthy financial performance: The company's revenue from operations increased from ₹18,273.63 lakhs in Fiscal 2023 to ₹31,378.04 lakhs in Fiscal 2025 at CAGR of 31.04%, with EBITDA Margin increasing from 18.05% in Fiscal 2023 to 27.64% for period ending December 31, 2025.
  • Experienced Promoter and Management team: The company is led by Promoters and Directors with experience of around 31 Years, 29 Years, 20 Years & 31 Years respectively in diagnostic and IVD industry, involved in manufacturing, R&D, quality control, finance, procurement, sales and marketing.

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