Fixed Price IPO | ₹57 Cr | Listed at NSE SME | Tue, Sep 27, 2022 - Fri, Sep 30, 2022
QMS Medical IPO is a fixed price issue of ₹56.87 crores. The issue is a combination of fresh issue of 0.28 crore shares aggregating to ₹33.88 crores and offer for sale of 0.19 crore shares aggregating to ₹22.99 crores.
QMS Medical IPO bidding started from Sep 27, 2022 and ended on Sep 30, 2022. The allotment for QMS Medical IPO was finalized on Oct 6, 2022. The shares got listed on NSE SME on Oct 11, 2022.
QMS Medical IPO price is ₹121 per share. The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹1,21,000 (1000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,000 shares), amounting to ₹2,42,000.
First Overseas Capital Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Rikhav Securities Ltd..
Refer to QMS Medical IPO RHP for detailed Information.
IPO Open
Tue, Sep 27, 2022
IPO Close
Fri, Sep 30, 2022
Issue Price
₹121 per share
Market Cap (Pre-IPO)
₹215.99 Cr
| IPO Date | 27 to 30 Sep, 2022 |
| Listed on | Tue, Oct 11, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹121 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 47,00,000 shares (agg. up to ₹57 Cr) |
| Reserved for Market Maker | 2,36,000 shares Rikhav Securities Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 25,64,000 shares (agg. up to ₹31 Cr) |
| Offer for Sale | 19,00,000 shares of ₹10 (agg. up to ₹23 Cr) |
| Net Offered to Public | 44,64,000 shares (agg. up to ₹54 Cr) |
| Share Holding Pre Issue | 1,50,50,000 shares |
| Share Holding Post Issue | 1,78,50,000 shares |
| NSE Symbol | QMSMEDI |
| ISIN | INE0FMW01018 |
QMS Medical IPO comprises a total issue size of 47,00,000 shares. The net offer to the public is 44,64,000 shares, after excluding 2,36,000 shares allotted on a firm basis. Of the Net offer 22,32,000 (50.00%) allocated to NII 22,32,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 22,32,000 | 50.00% | 47.49% |
| Retail Shares Offered | 22,32,000 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,36,000 | 5.02% | |
| Total Shares Offered | 47,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,21,000 |
| Retail (Max) | 1 | 1,000 | ₹1,21,000 |
| HNI (Min) | 2 | 2,000 | ₹2,42,000 |
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 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|
| Assets | 82.67 | 60.37 | 33.48 |
| Total Income | 147.75 | 122.09 | 72.78 |
| Profit After Tax | 10.71 | 10.92 | 6.35 |
| NET Worth | 31.03 | 20.32 | 9.41 |
| Reserves and Surplus | 27.27 | 16.56 | 6.40 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding additional working capital requirements | 27.00 |
| 2 | General Corporate Purposes | 6.58 |
| KPI | |
|---|---|
| Debt/Equity | 1.03 |
| RoNW | 34.5 |
| PAT Margin | 7.25% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.11 | |
| P/E (x) | 20.1 | |
| Promoter Holding | 100% | 73.67% |
| Market Cap | ₹215.99 Cr. |
The QMS Medical Allied IPO is subscribed 0.88 times on September 30, 2022 7:00:00 PM (Day 4). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.25 | 22,32,000 | 27,89,000 |
| Retail | 0.51 | 22,32,000 | 11,33,000 |
| Total | 0.88 | 44,64,000 | 39,22,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including, underwriting, and selling commissions, brokerages, Advisors to the Company, payment to other intermediaries such as Legal Advisors, Registrars etc. and other out of pocket expenses, Brokerage and selling commission | 0.36 |
| 2 | Advertising and marketing expenses | 0.05 |
| 3 | Printing and stationery expenses, distribution, and postage | 0.03 |
| 4 | ROC, Regulatory and other expenses including Listing Fee | 0.06 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹121.00 |
| Open | ₹128.00 |
| Low | ₹128.00 |
| High | ₹134.40 |
| Last Trade | ₹134.40 |
Lead Manager Reports
QMS Medical IPO is a SME IPO of 47,00,000 equity shares of the face value of ₹10 aggregating up to ₹57 Crores. The issue is priced at ₹121 per share. The minimum order quantity is 1000.
The IPO opens on Tue, Sep 27, 2022, and closes on Fri, 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 IPO using UPI as a payment gateway. Zerodha customers can apply in QMS Medical IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in QMS Medical IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The QMS Medical IPO opens on Tue, Sep 27, 2022 and closes on Fri, Sep 30, 2022.
QMS Medical IPO lot size is 1000, and the minimum amount required for application is ₹1,21,000.
You can apply in QMS Medical 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 QMS Medical IPO will be done on Thursday, October 6, 2022, and the allotted shares will be credited to your demat account by Mon, Oct 10, 2022. Check the QMS Medical IPO allotment status.
The QMS Medical IPO listing date is on Tue, Oct 11, 2022.
