Qualitek Labs IPO allotment expected today. Check status, GMP, listing date and other details

Qualitek Labs' IPO allotment status is expected to be finalized today. The IPO, which raised Rs 19 crore, was subscribed 59 times, with strong demand from retail and other investors. Investors can check the allotment status on the website of registrar Skyline Financial Services. The company's shares will be listed on January 29. The IPO proceeds will be used for capital expenditure, loan repayment, working capital, and general corporate purposes. Qualitek Labs provides testing and certification services to various industries and has seen its turnover and profits increase in recent years.

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