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 name | QMS Medical Allied Services Ltd |
| Sector | Trading |
| Industry | Trading |
| Company Website | https://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 date | 27 September 2022 |
| IPO Closing | 30 September 2022 |
| Basis of Allotment | 06 October 2022 |
| Initiation Refunds | 07 October 2022 |
| Credit to Demat Account | 10 October 2022 |
| Listing Date | 11 October 2022 |
QMS Medical Allied IPO Details
| IPO Date | Sep 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 Size | 1000 Shares |
| Issue Size | 4,700,000 shares of ₹10 (aggregating up to ₹56.87 Cr) |
| Fresh Issue | 2,800,000 shares of ₹10 (aggregating up to ₹33.88 Cr) |
| Offer for Sale | 1,900,000 shares of ₹10 (aggregating up to ₹22.99 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
QMS Medical Allied IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹121,000 |
| Retail (Max) | 1 | 1000 | ₹121,000 |
QMS Medical Allied IPO Reservation Details
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
QMS Medical Allied Financial Performance
| FY2020 | FY2021 | FY2022 | |
| Revenue | 72.78 | 122.09 | 147.75 |
| Expenses | 63.17 | 105.14 | 130.05 |
| Net income | 6.35 | 10.92 | 10.71 |
QMS Medical Allied Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 4.22 | 7.25 | 7.11 |
| PE ratio | – | – | 17.02 |
| RONW (%) | 67.55 | 53.72 | 34.50 |
| NAV | – | – | 20.62 |
Company Promoters
- Mahesh Makhija
QMS Medical Allied IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.67% |
Lead Manager(s)
- First Overseas Capital Limited
QMS Medical Allied IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
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
QMS MEDICAL ALLIED SERVICES LIMITED
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
