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 Date | Sep 27, 2022 |
IPO Closing Date | Sep 30, 2022 |
Issue Type | Fixed Price Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹121 per equity share |
Market Lot | 1000 Shares |
Min Order Quantity | 1000 Shares |
Listing At | NSE 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 Date | Sep 27, 2022 |
IPO Close Date | Sep 30, 2022 |
Basis of Allotment Date | Oct 06, 2022 |
Initiation of Refunds | Oct 07, 2022 |
Credit of Shares to Demat Account | Oct 10, 2022 |
IPO Listing Date | Oct 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).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 1000 | ₹121000 |
Maximum | 1 | 1000 | ₹121000 |
IPO Promoter Holding
Pre Issue Share Holding | 100% |
Post Issue Share Holding | 73.67% |
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