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QMS Medical Allied Services Ltd IPO (QMS Medical Allied IPO) Detail

Sep 27, 2022 - Sep 30, 2022

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 Financials

QMS Medical Allied Services Ltd Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-2033487277.81635.35940.58639.58
31-Mar-216037.43122091091.752032.331656.08
31-Mar-228266.5314774.771070.643102.972726.72
Amount in ₹ Lakhs

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 IPO Details

QMS Medical Allied IPO Date Sep 27, 2022 to Sep 30, 2022
QMS Medical Allied IPO Face Value ₹10 per share
QMS Medical Allied IPO Price ₹121 per share
QMS Medical Allied IPO Lot Size 1000 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 Type Fixed Price Issue IPO
Listing At NSE SME
NII (HNI) Shares Offered50% of the net offer
Retail Shares Offered50% of the net offer
Company Promoters

Mahesh Makhija is the company promoter.

QMS Medical Allied IPO Timeline (Tentative Timetable)

QMS Medical Allied IPO opens on Sep 27, 2022, and closes on Sep 30, 2022. The QMS Medical Allied IPO bid date is from Sep 27, 2022 10.00 A.M. to Sep 30, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
QMS Medical Allied IPO Opening Date Sep 27, 2022
QMS Medical Allied IPO Closing Date Sep 30, 2022
Basis of Allotment Oct 6, 2022
Initiation of Refunds Oct 7, 2022
Credit of Shares to Demat Oct 10, 2022
QMS Medical Allied IPO Listing Date Oct 11, 2022

QMS Medical Allied IPO Lot Size

The QMS Medical Allied IPO lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹121,000).

Application Lots Shares Amount
Retail (Min) 1 1000 ₹121,000
Retail (Max) 1 1000 ₹121,000

QMS Medical Allied IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 73.67%

QMS Medical Allied IPO Review

The company operates as a third-party supplier of medical and healthcare devices. This is a highly competitive and fragmented segment. The sustainability of margins going forward raises concern. Based on FY22 earnings, the issue is fully priced. It has increased the IPO size with the change of Lead Manager. Considering all these, there is no harm in skipping this issue. Read detail review...


QMS Medical Allied IPO Subscription Status (Bidding Detail)

The QMS Medical Allied IPO is subscribed 0.02 times on Sep 27, 2022 4:46:00 PM. The public issue subscribed 0.04 times in the retail category, times in the QIB category, and 0.00 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII0.00
Retail0.04
Total0.02

QMS Medical Allied IPO Prospectus

QMS Medical Allied IPO Rating

65
3.2
Rating:Rated 3.2 stars
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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-400055
Phone: 022 6288 1111
Email: contact@qmsmas.com
Website: https://qmsmas.com/

QMS Medical Allied IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

QMS Medical Allied IPO Review

QMS Medical Allied IPO Recommendation Summary

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Members 0 1 0

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QMS Medical Allied IPO FAQs

QMS Medical Allied IPO is a SME IPO of 4,700,000 equity shares of the face value of ₹10 aggregating up to ₹56.87 Crores. The issue is priced at ₹121 per share. The minimum order quantity is 1000 Shares.

The IPO opens on Sep 27, 2022, and closes on Sep 30, 2022.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in QMS Medical Allied IPO using UPI as a payment gateway. Zerodha customers can apply in QMS Medical Allied IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in QMS Medical Allied IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'QMS Medical Allied IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The QMS Medical Allied IPO opens on Sep 27, 2022 and closes on Sep 30, 2022.

QMS Medical Allied IPO lot size is 1000 Shares and the minimum order quantity is .

You can apply in QMS Medical Allied IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for QMS Medical Allied IPO will be done on Oct 6, 2022, and the allotted shares will be credited to your demat account by Oct 10, 2022. Check the QMS Medical Allied IPO allotment status.

The QMS Medical Allied IPO listing date is not yet announced. The tentative date of QMS Medical Allied IPO listing is Oct 11, 2022.
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