QMS Medical Allied IPO

QMS Medical Allied IPO

QMS Medical Allied IPO will open for subscription from 27 September 2022. the company aims for an issue size of ₹56.87 Cr through this IPO.

QMS Medical Allied Services Ltd

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 the 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, and 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.

Basic details about the company

Full nameQMS Medical Allied Services Ltd
Company Websitehttps://qmsmas.com/

Major competitive strengths

  • 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.

Objects of the Issue

  • Funding additional Working capital requirements.
  • General Corporate Purposes.

Dates to remember

IPO Opening date27 September 2022
IPO Closing30 September 2022
Basis of Allotment06 October 2022
Initiation Refunds07 October 2022
Credit to Demat Account10 October 2022
Listing Date11 October 2022

QMS Medical Allied IPO Details

IPO DateSep 27, 2022 to Sep 30, 2022
QMS Medical Allied Face Value₹10 per share
QMS Medical Allied IPO Price₹121 per share
QMS Medical Allied IPO Lot Size1000 Shares
Issue Size4,700,000 shares of ₹10
(aggregating up to ₹56.87 Cr)
Fresh Issue2,800,000 shares of ₹10
(aggregating up to ₹33.88 Cr)
Offer for Sale1,900,000 shares of ₹10
(aggregating up to ₹22.99 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME

QMS Medical Allied IPO Lot Size

Retail (Min)11000₹121,000
Retail (Max)11000₹121,000

QMS Medical Allied IPO Reservation Details

NII (HNI) Shares Offered50%
Retail Shares Offered50%

QMS Medical Allied Financial Performance

Net income6.3510.9210.71

QMS Medical Allied Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio17.02
RONW (%)67.5553.7234.50

Company Promoters

  • Mahesh Makhija

QMS Medical Allied IPO Promoter Holding

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

Lead Manager(s)

  • First Overseas Capital Limited

QMS Medical Allied IPO Registrar

Office No. S6 – 2, 6th Floor,
Pinnacle Business Park, Next to Ahura Centre,
Mahakali Cave Road, Andheri (East),
Mumbai – 400093, Maharashtra
Phone: +91 22 6263 8200
E-mail: ipo@bigshareonline.com
Website: www.bigshareonline.com

QMS Medical Allied Contact Details

A1 A2/B1 B2, Navkala Bharti Building,
Plot No16, Prabhat Colony,
Near Santacruz Bus Depot
Santacruz East, Mumbai-400055,
Maharashtra, India
Phone: +91 22 6288 1111
Email: contact@qmsmas.com
Website: www.qmsmas.com

QMS Medical Allied IPO Allotment Status

QMS Medical Allied IPO allotment will be available on Bigshare Services’ website. Click on this link to get allotment status.

Final thoughts

QMS Medical Allied IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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