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KMS Medisurgi IPO is a fixed price issue of ₹2.70 crores. The issue is entirely a fresh issue of 0.09 crore shares of ₹2.70 crore.
KMS Medisurgi IPO bidding started from Apr 12, 2017 and ended on Apr 17, 2017. The shares got listed on BSE SME on Apr 24, 2017.
KMS Medisurgi IPO price is ₹30.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,40,000.
Navigant Corporate Advisors Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Naysaa Securities Ltd..
Refer to KMS Medisurgi IPO RHP for detailed Information.
| IPO Date | April 12, 2017 to April 17, 2017 |
| Listing Date | April 24, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 9,00,000 shares (aggregating up to ₹2.70 Cr) |
| Reserved for Market Maker | 52,000 shares Naysaa Securities Ltd. (aggregating up to ₹0.1560 Cr) |
| Net Offered to Public | 8,48,000 shares (aggregating up to ₹2.54 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 24,00,000 shares |
| Share Holding Post Issue | 33,00,000 shares |
KMS Medisurgi IPO offers total 9,00,000 shares. Out of which 4,24,000 (47.11%) allocated to NII, 4,24,000 (47.11%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 52,000 (5.78%) |
| NII (HNI) Shares Offered | 4,24,000 (47.11%) |
| Retail Shares Offered | 4,24,000 (47.11%) |
| Total Shares Offered | 9,00,000 (100.00%) |
KMS Medisurgi IPO opens on April 12, 2017, and closes on April 17, 2017.
| IPO Open Date | Wed, Apr 12, 2017 |
| IPO Close Date | Mon, Apr 17, 2017 |
| Tentative Listing Date | Mon, Apr 24, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Apr 17, 2017 |
Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,20,000 |
| Retail (Max) | 1 | 4,000 | ₹1,20,000 |
| HNI (Min) | 2 | 8,000 | ₹2,40,000 |
Incorporated in 1999, KMS Medisurgi Ltd is in the business of manufactures and sells surgical tapes and other surgical equipment in India. They offers absorbable gelatin surgical sponges, surgipore tapes, cushions for ESWL-VI shock wave hand, dressing post-op medicated, dressing silicon gel, micrporus surgical foam tapes, fleece fabrics and double side adhesive tapes.
The company also provides surgical disposables; haemostats; medical devices; and urology, surgery, orthopedic/physiotherapy, blood banking, biotechnology, research, oncology, radiology, diagnostics, ICU and rehabilitation, cardiology, critical care, laboratory and scientific, and surgical equipment. In technical collaboration with Liba Tape Co., Japan, they manufacture high quality surgical adhesive tapes for the healthcare industry in India. KMS Group also has its footing in the domain of stock broking and commodities and offer its services under the flagship of KMS Stock Broking Company Pvt Ltd.
The Company KMS Medisurgi IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To part-finance incremental working capital requirements | 2.35 |
[Dilip Davda] Based on performance the asking price is very high. Only risk avers cash surplus investors may consider investment, others may ignore. Read detail review...
| Listing Date | April 24, 2017 |
| BSE Script Code | 540468 |
| NSE Symbol | |
| ISIN | INE870V01014 |
| Final Issue Price | ₹30 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹30.00 |
| Low | ₹30.00 |
| High | ₹32.40 |
| Last Trade | ₹30.50 |
KMS Medisurgi Ltd.
297/301 May Building, Ground Floor,
Marine Lines (East),
Princess Street
Mumbai, Maharashtra, 400002
Phone: +91-22-66107700/66107722
Email: kms.medisurgi@gmail.com
Website: http://www.kmsgroup.in
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: kmsmedisurgi.ipo@karvy.com
Website: https://ipostatus.kfintech.com/
KMS Medisurgi IPO is a SME IPO of 9,00,000 equity shares of the face value of ₹10 aggregating up to ₹2.70 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000.
The IPO opens on April 12, 2017, and closes on April 17, 2017.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in KMS Medisurgi IPO using UPI as a payment gateway. Zerodha customers can apply in KMS Medisurgi IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in KMS Medisurgi IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The KMS Medisurgi IPO opens on April 12, 2017 and closes on April 17, 2017.
KMS Medisurgi IPO lot size is 4000, and the minimum amount required for application is ₹1,20,000.
You can apply in KMS Medisurgi IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for KMS Medisurgi IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the KMS Medisurgi IPO allotment status.
The KMS Medisurgi IPO listing date is on Monday, April 24, 2017.
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