QMS Medical Allied IPO vs Silicon Rental Solutions IPO

Comparision between QMS Medical Allied IPO and Silicon Rental Solutions IPO.

IPO Details

QMS Medical Allied IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Silicon Rental Solutions IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	QMS Medical Allied IPO	Silicon Rental Solutions IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	First Overseas Capital Limited	Hem Securities Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of QMS Medical Allied IPO is up to ₹56.87 Cr whereas the issue size of the Silicon Rental Solutions IPO is up to ₹21.15 Cr. The final issue price of QMS Medical Allied IPO is ₹121.00 per share and of Silicon Rental Solutions IPO is ₹78.00 per share.

	QMS Medical Allied IPO	Silicon Rental Solutions IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹121.00 per share	₹78.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	1600 shares
Fresh Issue Size	28,00,000 shares	27,12,000 shares
Fresh Issue Size (Amount)	up to ₹33.88 Cr	up to ₹21.15 Cr
OFS Issue Size	19,00,000 shares
OFS Issue Size (Amount)	up to ₹22.99 Cr
Issue Size Total	47,00,000 shares	27,12,000 shares
Issue Size Total (Amount)	up to ₹56.87 Cr	up to ₹21.15 Cr

IPO Timetable

QMS Medical Allied IPO opens on Sep 27, 2022, while Silicon Rental Solutions IPO opens on Sep 28, 2022. The closing date of QMS Medical Allied IPO and Silicon Rental Solutions IPO is Sep 30, 2022, and Sep 30, 2022, respectively.

	QMS Medical Allied IPO	Silicon Rental Solutions IPO
Anchor Bid Date
Issue Open	Sep 27, 2022	Sep 28, 2022
Issue Close	Sep 30, 2022	Sep 30, 2022
Basis Of Allotment (Tentative)	Oct 06, 2022	Oct 06, 2022
Initiation of Refunds (Tentative)	Oct 07, 2022	Oct 07, 2022
Credit of Share (Tentative)	Oct 10, 2022	Oct 10, 2022
Listing date (Tentative)	Oct 11, 2022	Oct 10, 2022
Anchor Lockin End date 1	Nov 05, 2022	Nov 05, 2022
Anchor Lockin End date 2	Jan 04, 2023	Jan 04, 2023

Financials

QMS Medical Allied IPO P/E ratio is 20.1, as compared to Silicon Rental Solutions IPO P/E ratio of 10.73.

QMS Medical Allied IPO

Silicon Rental Solutions IPO

Financial

QMS Medical Allied Services Ltd Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	3348	7277.81	635.35	940.58	639.58
31-Mar-21	6037.43	12209	1091.75	2032.33	1656.08
31-Mar-22	8266.53	14774.77	1070.64	3102.97	2726.72
Amount in ₹ Lakhs

Silicon Rental Solutions Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Reserves and Surplus
31-Mar-20	1762.25	1227.85	215.5	581.54
31-Mar-21	2236.45	1375.65	270.39	851.93
31-Mar-22	4172.4	2467.91	746.54	1598.47
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

99.79%

Promoter Shareholding (Post-Issue)

73.67%

73.44%

P/E Ratio

20.1

10.73

Market Cap

₹215.99 Cr.

₹80.12 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the QMS Medical Allied IPO retail investors (RII) are offered 22,32,000 shares while in Silicon Rental Solutions IPO retail investors are offered 22,32,000 shares. Qualified institutional buyers (QIB) are offered in QMS Medical Allied IPO and in Silicon Rental Solutions IPO.

	QMS Medical Allied IPO	Silicon Rental Solutions IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,36,000 shares	1,36,000 shares
QIB
NII	22,32,000 shares	12,88,000 shares
RII	22,32,000 shares	12,88,000 shares
Employee
Others
Total	44,64,000 shares	25,76,000 shares

Bids Received (Subscription)

QMS Medical Allied IPO subscribed 0.88x in total, whereas Silicon Rental Solutions IPO subscribed 2.89x.

	QMS Medical Allied IPO	Silicon Rental Solutions IPO
QIB (times)
NII (times)	1.25x	2.85x
Big NII (times)
Small NII (times)
RII (times)	0.51x	2.92x
Employee (times)
Other (times)
Total (times)	0.88x	2.89x

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