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SME IPOlistedNSE SME

Q-Line Biotech IPO 2026

Q-Line Biotech IPO is an SME issue that opened for subscription on 21 May 2026 and is now listed. The issue aggregates ₹214.49 Cr.

Price Band
₹326–₹343
GMP
Subscription
102.42x
Listing
29 May 2026

Overview

Q-Line Biotech IPO is an SME issue that opened for subscription on 21 May 2026 and is now listed. The issue aggregates ₹214.49 Cr.

IPO Details

Q-Line Biotech IPO is a Small and Medium Enterprise (SME) initial public offering scheduled to be listed on NSE SME. The issue has a price band of ₹326–₹343 per equity share with a lot size of 400 shares, translating to a minimum retail investment of ₹1,37,200.

The issue aggregates ₹214.49 Cr, with the subscription window open from 21 May 2026 to 25 May 2026. Allotment is expected on 26 May 2026 and the equity shares are scheduled to list on 29 May 2026.

Type
SME
Status
listed
Price band
₹326–₹343
Face value
₹10 (typical)
Lot size
400 shares
Min investment (Retail)
₹1,37,200
Issue size
₹214.49 Cr
Fresh issue
OFS
Exchange
NSE SME
ISIN
TBA

Market Lot

Retail investors must apply for a minimum of one lot and can apply up to the retail cap of ₹2 lakh. NII / HNI investors apply above ₹2 lakh.

ApplicationLotsSharesAmount
Retail (Minimum)1400₹1,37,200
Retail (Maximum)1400₹1,37,200
HNI / NII (Minimum)2800₹2,74,400

IPO Reservation

Per SEBI guidelines, Q-Line Biotech IPO reserves shares across investor categories as follows. Final allotment percentages may vary slightly based on the final issue document.

Category% ReservedNotes
QIBUp to 50%Mutual funds, FIIs, banks
NII / HNIUp to 15%Bids ≥ ₹2 lakh
RetailAt least 35%Bids up to ₹2 lakh

Important Dates

  1. Issue Open
    21 May 2026 · Subscription opens
  2. Issue Close
    25 May 2026 · Subscription closes
  3. Allotment
    26 May 2026 · Basis of allotment finalised
  4. Refunds Initiated
    27 May 2026 · Funds released for non-allottees
  5. Listing Date
    29 May 2026 · Shares debut on the exchange

Grey Market Premium

Grey Market Premium for Q-Line Biotech is yet to be tracked. We update GMP from multiple grey market sources during the subscription window. Bookmark this page and check IPO GMP Today for live updates.

Subscription Status

102.42x
Overall subscription

Updated

Retail
71.44x
NII / HNI
145.98x
QIB
123.94x
Employee

Allotment Status

Q-Line Biotech IPO allotment will be finalised by the registrar (TBA) on 26 May 2026. Check your allotment status using your PAN, application number, or DP ID via our allotment status checker or directly on the registrar's website.

If allotment fails, the blocked funds via ASBA / UPI mandate are released back within 24-48 hours. Applying through multiple demat accounts in family members' names improves chances on oversubscribed IPOs.

About Q-Line Biotech

Q-Line Biotech Limited, incorporated in 2010, is engaged in developing, manufacturing and marketing diagnostic reagents (kits and Point-of-Care devices), diagnostic consumables, and the import + distribution of diagnostic-laboratory equipment for clinical, hospital and research-laboratory customers in India. Indian diagnostic-equipment and reagent demand has been one of the structural-growth sub-segments of healthcare through 2020-26. Drivers include post-COVID diagnostic capacity expansion at large pathology labs (Dr Lal PathLabs, Metropolis, SRL Diagnostics), state-government Free Diagnostics Initiative expansion, and the broader formalisation of organised pathology vs unorganised single-doctor labs. POC (Point-of-Care) devices specifically benefit from the rural-and-primary-care formalisation push under Ayushman Bharat Health and Wellness Centres. The Q-Line Biotech NSE SME issue priced at ₹326-343 band — among the higher SME-IPO price bands of FY26. Issue size ₹214 crore is materially larger than typical NSE SME issues, signalling the company is approaching mainboard-scale at SME-issue structure.

Promoter & Holding Pattern

The promoter and promoter group hold the majority stake in Q-Line Biotech prior to the IPO. Post-listing, this percentage will reduce as new equity shares are issued to the public. Detailed pre-IPO and post-IPO promoter holding data will be updated once the Red Herring Prospectus is finalised with SEBI.

Objects of the Issue

The Q-Line Biotech IPO proceeds will be utilised across multiple strategic objectives. Typical objects include capital expenditure for expansion, repayment of debt, general corporate purposes, working capital, and OFS by selling shareholders. Detailed breakdown with amounts will be updated here from the Red Herring Prospectus.

Financial Performance

Q-Line Biotech's three-year financials — revenue, PAT, assets, net worth — will be displayed here based on audited numbers from the Red Herring Prospectus. Year-on-year growth, EBITDA margins, debt-to-equity progression, and RoNW together form the basis for valuation comparison.

Valuation Snapshot

Key valuation metrics for Q-Line Biotech — RoE, RoCE, EBITDA margin, PAT margin, debt-to-equity, EPS, P/E ratio, RoNW, NAV — will be updated based on FY25 numbers from the Red Herring Prospectus.

Peer Comparison

Listed peers in the Healthcare sector with key valuation metrics:

CompanyEPS (₹)P/E RatioRoNW (%)NAV (₹)Income (₹ Cr)
Transasia Bio-Medicals (unlisted)
Tarsons Products

Anchor Investors

Anchor investor bidding for Q-Line Biotech typically opens one working day before the issue opens to the public. Anchor investors — mutual funds, FIIs, sovereign wealth funds, and insurance companies — collectively subscribe to a portion of the QIB segment. Their participation signals institutional confidence. Anchor list and total amount will be updated once SEBI publishes the anchor filing.

Lead Managers (Merchant Bankers)

Book-Running Lead Managers (BRLMs) for Q-Line Biotech will be listed once confirmed in the Red Herring Prospectus. Lead managers oversee pricing, marketing, and underwriting — typically Kotak, ICICI Securities, Axis Capital, HDFC, SBI Caps, JP Morgan, or Citigroup.

IPO Registrar

The registrar for Q-Line Biotech IPO will be confirmed in the Red Herring Prospectus. The registrar handles allotment, refunds, and dematerialisation of shares.

Editorial Review

Q-Line Biotech listed on NSE SME on 29 May 2026 after subscription window from 21-25 May. The 102.42x overall subscription is exceptional for any SME IPO — institutional category at 123.94x, NII at 145.98x and retail at 71.44x all reflect strong investor conviction at the offered ₹326-343 price band. This subscription pattern is one of the strongest seen in FY26 SME issues. The business is in diagnostic reagents + Point-of-Care devices + diagnostic-equipment distribution — a structurally growing healthcare sub-segment supported by post-COVID diagnostic-capacity expansion, state-level Free Diagnostics programmes, and primary-care formalisation under Ayushman Bharat Health and Wellness Centres. POC device-and-reagent demand specifically benefits from rural primary-care formalisation where centralised-lab access is limited. The issue size ₹214 crore is materially larger than typical NSE SME (usually ₹30-100 crore) — Q-Line is approaching mainboard-scale at SME structure, which limits some of the SME-specific liquidity-and-coverage concerns. The 16-year operating history (since 2010) provides multi-cycle business-cycle resilience. What's working: extraordinary subscription signals institutional conviction at the offered band; diagnostic-reagent + POC category has structural healthcare-formalisation tailwinds; issue size ₹214 crore approaches mainboard-scale; 16-year operating history; price band ₹326-343 is at the upper end of recent SME issues, suggesting confidence in fundamentals. What's concerning: NSE SME structural liquidity-and-coverage limitations apply even at this larger scale; detailed financials (revenue, PAT, EBITDA, ROCE) not surfaced in fetched sources at depth — RHP-level review required for sizing; competitive intensity from large diagnostic-reagent suppliers (Transasia, Bio-Rad India subsidiaries, Roche Diagnostics India) caps long-term pricing power; listing-day price performance not yet surfaced. Subscribe-equivalent post-listing for SME-IPO category investors specifically interested in diagnostic-healthcare exposure. The 102.42x subscription signal supports follow-through demand. Wait for first listed-quarter results to validate margin trajectory. Sizing modest given NSE SME structural constraints despite the larger-than-typical issue size.

How to Apply for Q-Line Biotech IPO

  1. Open broker app — Zerodha, Upstox, Angel One, Groww, 5paisa, ICICI Direct, or any other SEBI-registered broker. Navigate to the IPO section.
  2. Select Q-Line Biotech IPO during the bidding window (21 May 202625 May 2026).
  3. Enter bid details — minimum 400 shares per lot. Retail investors are recommended to bid at cut-off price (₹343).
  4. Submit UPI ID linked to a SEBI-approved bank.
  5. Approve UPI mandate from your UPI app within the deadline. Bid amount is blocked, not debited.
  6. Await allotment on 26 May 2026.
  7. Listing day — shares list on NSE SME on 29 May 2026.

Risk Factors

1. NSE SME liquidity constraints — even at the larger ₹214 cr issue size, NSE SME platform has smaller institutional coverage than mainboard. 2. Diagnostic-reagent competitive intensity — large global IVD suppliers (Transasia, Bio-Rad India, Roche Diagnostics India) compete on the same reagent-and-POC TAM. Pricing power limited. 3. Customer-concentration risk — major customers are large pathology-lab chains and hospital procurement bodies. Single major customer loss materially impacts revenue. 4. Diagnostic-equipment distribution depends on imported-equipment supplier relationships — supplier-contract renewals are RHP-disclosure-dependent. 5. Regulatory compliance — diagnostic reagents face periodic CDSCO and state-level FDA inspections. Compliance events compress affected-product revenue.

Q-Line Biotech IPO — FAQs

What is Q-Line Biotech IPO?
Q-Line Biotech IPO is a Small and Medium Enterprise (SME) initial public offering listing on NSE SME. The issue opens on 21 May 2026 and closes on 25 May 2026 with a price band of ₹326–₹343 per share.
What is the Q-Line Biotech IPO price band?
The price band for Q-Line Biotech IPO is ₹326–₹343 per equity share of face value ₹10 (typical). Retail investors are recommended to bid at the upper band (cut-off price).
What is the Q-Line Biotech IPO lot size?
The minimum lot size for Q-Line Biotech IPO is 400 shares per application. Minimum retail investment at the upper price band works out to approximately ₹1,37,200.
When is the Q-Line Biotech IPO opening date?
Q-Line Biotech IPO opens for subscription on 21 May 2026 and closes on 25 May 2026.
When is the Q-Line Biotech IPO allotment date?
Basis of allotment is expected on 26 May 2026. Check your status on the registrar's website using your PAN.
When is the Q-Line Biotech IPO listing date?
Q-Line Biotech shares are expected to list on NSE SME on 29 May 2026.
What is the GMP of Q-Line Biotech IPO?
GMP for Q-Line Biotech is not currently tracked.
Who is the registrar of Q-Line Biotech IPO?
The registrar is handling allotment, refunds, and dematerialisation for Q-Line Biotech IPO.
How can I apply for Q-Line Biotech IPO?
Apply via any SEBI-registered broker (Zerodha, Upstox, Angel One, Groww, 5paisa, ICICI Direct) during the open window. Use UPI mandate or ASBA for fund blocking. Bid at cut-off for retail category.
What is the minimum investment?
Minimum retail investment is approximately ₹1,37,200 (1 lot × 400 shares at upper band).
Should I apply for Q-Line Biotech IPO?
Whether to apply depends on your goals, risk appetite, and the company's fundamentals. Review the RHP, compare valuation with peers, and consult a SEBI-registered advisor.
What happens if my allotment fails?
Bid amount blocked via UPI/ASBA is released back within 24-48 hours. Apply through multiple family demat accounts to improve odds on oversubscribed issues.

Information shown is for educational purposes and does not constitute investment advice. GMP values are unofficial estimates from informal grey market sources. Please read the offer document (Red Herring Prospectus) carefully before investing.

Data sourced from NSE, BSE, the issue's registrar, and public filings. BasicFintech is not affiliated with the issuing company, its underwriters, or the exchanges.

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