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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 ₹121.00 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). The minimum lot size investment for 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 Date | September 27, 2022 to September 30, 2022 |
| Listing Date | October 11, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹121 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 47,00,000 shares (aggregating up to ₹56.87 Cr) |
| Reserved for Market Maker | 2,36,000 shares Rikhav Securities Ltd. (aggregating up to ₹2.86 Cr) |
| Fresh Issue (Ex Market Maker) | 25,64,000 shares (aggregating up to ₹31.02 Cr) |
| Offer for Sale | 19,00,000 shares of ₹10 (aggregating up to ₹22.99 Cr) |
| Net Offered to Public | 44,64,000 shares (aggregating up to ₹54.01 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,50,50,000 shares |
| Share Holding Post Issue | 1,78,50,000 shares |
QMS Medical Allied IPO offers total 47,00,000 shares. Out of which 22,32,000 (47.49%) allocated to NII, 22,32,000 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,36,000 (5.02%) |
| NII (HNI) Shares Offered | 22,32,000 (47.49%) |
| Retail Shares Offered | 22,32,000 (47.49%) |
| Total Shares Offered | 47,00,000 (100.00%) |
QMS Medical IPO opens on September 27, 2022, and closes on September 30, 2022.
| IPO Open Date | Tue, Sep 27, 2022 |
| IPO Close Date | Fri, Sep 30, 2022 |
| Tentative Allotment | Thu, Oct 6, 2022 |
| Initiation of Refunds | Fri, Oct 7, 2022 |
| Credit of Shares to Demat | Mon, Oct 10, 2022 |
| Tentative Listing Date | Tue, Oct 11, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 30, 2022 |
Investors can bid for a minimum of 1,000 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 | 1,000 | ₹1,21,000 |
| Retail (Max) | 1 | 1,000 | ₹1,21,000 |
| HNI (Min) | 2 | 2,000 | ₹2,42,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 IPO is ₹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...
| Listing Date | October 11, 2022 |
| BSE Script Code | |
| NSE Symbol | QMSMEDI |
| ISIN | INE0FMW01018 |
| Final Issue Price | ₹121 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹121.00 |
| Open | ₹128.00 |
| Low | ₹128.00 |
| High | ₹134.40 |
| Last Trade | ₹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, Maharashtra, 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
QMS Medical IPO is a SME IPO of 47,00,000 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.
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 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 September 27, 2022 and closes on September 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 Monday, October 10, 2022. Check the QMS Medical IPO allotment status.
The QMS Medical IPO listing date is on Tuesday, October 11, 2022.
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