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QMS Medical Allied Services Ltd IPO Detail

QMS Medical Allied Services Ltd IPO Detail

Incorporated in 2017, QMS Medical Allied Services Limited is engaged in the marketing and distribution of a wide range of medical products as well as medical education services. The company's products are sold under brand name "QDevices" and they also manage the distribution for other brands such as 3M, Heine, Rossmax etc.

The company offers medical products such as Blood Pressure Monitors, Glucose Monitoring Kits and strips, Dental Products, Personal protection kits eg-PPE kits, Infection prevention, Stethoscope and Oxygen Concentrator.

The company also aims to impact the lives of people through continuous skill development and hence provides various medical courses like PG Diploma in Cardiology, Masterclass in Diabetes & renel management, cardiology and cardiac rehabilitation etc. for continuous skill development.

The company markets and help in the distribution of the products across India through offline and online mode using the website i.e. https://qmsmas.com. The company's eCommerce platform is called Qmeds- https://qmsmeds.com, which provides online service to medical equipment dealers, distributors, surgeons and clinicians for sourcing medical supplies from the surgical supply store.

Competitive Strength :

  • Experienced Promoter and management team with strong industry expertise and successful track record.
  • Existing well-established goodwill and client relationships.
  • Asset light business model and competitive products.
  • Quality assurance.

Company Promoters

Mahesh Makhija is the company promoter.

IPO Details

IPO Opening DateSep 27, 2022
IPO Closing DateSep 30, 2022
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price ₹121 per equity share
Market Lot1000 Shares
Min Order Quantity1000 Shares
Listing AtNSE SME
Issue Size₹56.87 Cr
Fresh Issue₹33.88 Cr
Offer for Sale₹22.99 Cr
Retail Portion 50%

IPO Subscription (Bidding Detail)

AS On QIB SHNI BHNI NII RII TOTAL
Day 1 - - 0.00x 0.03x 0.02x
Day 2 - - 0.06x 0.11x 0.09x
Day 3 - - 0.27x 0.16x 0.22x
Day 4 - - 1.25x 0.51x 0.88x

IPO Tentative Timetable

The QMS Medical Allied Services Ltd IPO open date is Sep 27, 2022, and the close date is Sep 30, 2022. The issue may list on Oct 11, 2022.

IPO Open DateSep 27, 2022
IPO Close DateSep 30, 2022
Basis of Allotment DateOct 06, 2022
Initiation of RefundsOct 07, 2022
Credit of Shares to Demat AccountOct 10, 2022
IPO Listing DateOct 11, 2022

IPO Lot Size

The QMS Medical Allied Services Ltd IPO market lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹121000).

ApplicationLotsSharesAmount (Cut-off)
Minimum11000₹121000
Maximum11000₹121000

IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding73.67%

Company Financials:

For the year/period ended (₹ in Lakhs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-20 3348 7277.81 635.35
31-Mar-21 6037.43 12209 1091.75
31-Mar-22 8266.53 14774.77 1070.64

Objects of the Issue:

The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:

1. Funding additional Working capital requirements

2. General Corporate Purposes

QMS Medical Allied Services Ltd IPO Registrar:

Bigshare Services Pvt Ltd

QMS Medical Allied Services Ltd IPO Lead Manager(s):

First Overseas Capital Limited

Company Contact Information:

QMS Medical Allied Services Ltd

A1 A2/B1 B2, Navkala Bharti Bldg, Plot No16, Prabhat Colony, Near Santacruz Bus Depot Santacruz East

Mumbai

Mumbai