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QMS Medical Allied IPO is a fixed price issue of Rs 56.87 crores. The issue is a combination of fresh issue of 28 lakh shares aggregating to Rs 33.88 crores and offer for sale of 19 lakh shares aggregating to Rs 22.99 crores.
QMS Medical Allied IPO bidding started from September 27, 2022 and ended on September 30, 2022. The allotment for QMS Medical Allied IPO was finalized on Thursday, October 6, 2022. The shares got listed on NSE SME on October 11, 2022.
QMS Medical Allied IPO price is ₹121 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹121,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹242,000.
First Overseas Capital Limited is the book running lead manager of the QMS Medical Allied IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to QMS Medical Allied IPO RHP for detailed information.
| IPO Date | September 27, 2022 to September 30, 2022 |
| Listing Date | October 11, 2022 |
| Face Value | ₹10 per share |
| Price | ₹121 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 4,700,000 shares (aggregating up to ₹56.87 Cr) |
| Fresh Issue | 2,800,000 shares (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 |
| Share holding pre issue | 15,050,000 |
| Share holding post issue | 17,850,000 |
| Market Maker portion | 236,000 shares |
QMS Medical Allied IPO offers 4,700,000 shares. 2,232,000 (47.49%) to NII, 2,232,000 (47.49%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 236,000 (5.02%) |
| Other Shares Offered | 2,232,000 (47.49%) |
| Retail Shares Offered | 2,232,000 (47.49%) |
| Total Shares Offered | 4,700,000 (100%) |
QMS Medical Allied IPO opens on September 27, 2022, and closes on September 30, 2022.
| IPO Open Date | Tuesday, September 27, 2022 |
| IPO Close Date | Friday, September 30, 2022 |
| Basis of Allotment | Thursday, October 6, 2022 |
| Initiation of Refunds | Friday, October 7, 2022 |
| Credit of Shares to Demat | Monday, October 10, 2022 |
| Listing Date | Tuesday, October 11, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 30, 2022 |
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹121,000 |
| Retail (Max) | 1 | 1000 | ₹121,000 |
| HNI (Min) | 2 | 2,000 | ₹242,000 |
| Lot Size Calculator | |||
Mahesh Makhija is the company promoter.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 73.67% |
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 :
| 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 | |||||
The market capitalization of QMS Medical Allied IPO is Rs 215.99 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 20.1 |
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
[Dilip Davda] 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...
The QMS Medical Allied IPO is subscribed 0.88 times on September 30, 2022 7:00:00 PM. The public issue subscribed 0.51 times in the retail category, times in the QIB category, and 1.25 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.25 |
| Retail | 0.51 |
| Total | 0.88 |
| Listing Date | October 11, 2022 |
| BSE Script Code | |
| NSE Symbol | QMSMEDI |
| ISIN | INE0FMW01018 |
| Final Issue Price | ₹121 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹121.00 |
| ₹128.00 |
| ₹128.00 |
| ₹134.40 |
| ₹134.40 |
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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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 September 27, 2022, and closes on September 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
Visit Zerodha IPO Application Process Review for more detail.
The QMS Medical Allied IPO opens on September 27, 2022 and closes on September 30, 2022.
QMS Medical Allied IPO lot size is 1000 Shares, and the minimum amount required is ₹121,000.
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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for QMS Medical Allied IPO will be done on Thursday, October 6, 2022, and the allotted shares will be credited to your demat account by Monday, October 10, 2022. Check the QMS Medical Allied IPO allotment status.
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