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QMS Medical IPO vs Silicon Rental Solutions IPO

Comparison between QMS Medical IPO and Silicon Rental Solutions IPO.

IPO Details

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

 QMS Medical IPOSilicon Rental Solutions IPO
LogoQMS Medical IPO LogoSilicon Rental Solutions IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersFirst Overseas Capital Ltd.Hem Securities Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerRikhav Securities Ltd.Hem Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of QMS Medical IPO is up to ₹54.01 Cr whereas the issue size of the Silicon Rental Solutions IPO is up to ₹20.09 Cr. The final issue price of QMS Medical IPO is ₹121.00 per share and of Silicon Rental Solutions IPO is ₹78.00 per share.

 QMS Medical IPOSilicon 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)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1000 shares1600 shares
Fresh Issue Size25,64,000 shares25,76,000 shares
Fresh Issue Size (Amount)up to ₹31.02 Crup to ₹20.09 Cr
OFS Issue Size19,00,000 shares0 shares
OFS Issue Size (Amount)up to ₹22.99 Crup to ₹0.00 Cr
Issue Size Total44,64,000 shares25,76,000 shares
Issue Size Total (Amount)up to ₹54.01 Crup to ₹20.09 Cr

IPO Timetable

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

 QMS Medical IPOSilicon Rental Solutions IPO
Anchor Bid Date
Issue OpenSep 27, 2022Sep 28, 2022
Issue CloseSep 30, 2022Sep 30, 2022
Basis Of Allotment (Tentative)Oct 06, 2022Oct 06, 2022
Initiation of Refunds (Tentative)Oct 07, 2022Oct 07, 2022
Credit of Share (Tentative)Oct 10, 2022Oct 10, 2022
Listing date (Tentative)Oct 11, 2022Oct 10, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

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

 QMS Medical IPOSilicon Rental Solutions IPO
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
Silicon Rental Solutions Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxReserves and Surplus
31-Mar-201762.251227.85215.5581.54
31-Mar-212236.451375.65270.39851.93
31-Mar-224172.42467.91746.541598.47
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)10099.79
Promoter Shareholding (Post-Issue)73.6773.44
P/E Ratio20.110.73
Market Cap₹215.99 Cr.₹80.12 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the QMS Medical IPO Retail Individual 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 IPO and in Silicon Rental Solutions IPO.

 QMS Medical IPOSilicon Rental Solutions IPO
Anchor Investor Reserveration
Market Maker Reserveration2,36,000 shares1,36,000 shares
QIB
NII22,32,000 shares12,88,000 shares
RII22,32,000 shares12,88,000 shares
Employee
Others
Total44,64,000 shares25,76,000 shares

Bids Received (Subscription)

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

 QMS Medical IPOSilicon Rental Solutions IPO
QIB (times)
NII (times)1.25x2.85x
Big NII (times)
Small NII (times)
RII (times)0.51x2.92x
Employee (times)
Other (times)
Total (times)0.88x2.89x