QMS Medical Allied IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Sep 30, 2022Let’s have a detailed review of the company and analytics of the QMS Medical Allied IPO release date, IPO offer price, subscription, QMS Medical Allied Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs. 121 |
| Listing At | NSE SME |
| Min. Order Quantity | 1000 shares |
| Listing Date | Oct 11, 2022 |
| Offer for Sale | Rs. 2299 Lakh |
| Fresh Issue | Rs. 3388 Lakh |
| IPO Size | Rs. 5687 Lakh |
| Tick Size | 1 |
QMS Medical Allied IPO is listed at a Rs. 111 premium. Check out the live share price by clicking on the below link.
QMS Medical Allied IPO – Summary
Our Company is engaged in the marketing and distribution of a wide range of medical products as well as medical education services.
We manage a wide range portfolio of products which are being sold under our registered brand name “QDevices” and we also manage the distribution for other brands such as 3M, Heine, Rossmax etc. Further,
our company organizes and provides medical education to members belonging to the medical fraternity by partnering with renowned medical education institutions such as EACME.
These programs are balanced with a global perspective from credible authentic courses with global Colleges and universities. We aim to become the “first choice vendor” for all large and small pharmaceutical and medical companies which intend to procure products and services we offer for distribution as part of the branding, marketing and medical awareness initiatives.
We have recently launched our brand “Qdevices”, which is a vision of Atmanirbhar Bharat and working on Made in India concept with an intention to provide affordable and quality products in the market and strengthen our brand; so as to become a customer-preferred medical device company
The Promoter of this company is Mahesh Makhija. The lead manager to the issue is ARYAMAN FINANCIAL SERVICES LIMITED, and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.
QMS Medical Allied IPO Date
The opening of QMS Medical Allied IPO will be on Sep 27, 2022, and the closing date Sep 30, 2022.
QMS Medical Allied IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 27th Sept | 0.00x | 0.04x | 0.02x |
| 2nd Day – 28th Sept | 0.06x | 0.11x | 0.09x |
| 3rd Day – 29th Sept | 0.27x | 0.16x | 0.22x |
| 4th Day – 30th Sept | 1.25x | 0.51x | 0.88x |
| Shares Offered or Net Issue | 2,232,000 | 2,232,000 | 4,464,000 |
The shares subscribed by the public will be updated here.
QMS Medical Allied IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
QMS Medical Allied Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Oct 6, 2022 |
| Refunds Initiation | Oct 7, 2022 |
| Credit of Shares to Demat Account | Oct 10, 2022 |
| Share Listing Date | Oct 11, 2022 |
QMS Medical Allied IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.121.
QMS Medical Allied IPO Equity Size
This Initial Public Issue of 5,80,800 Equity Shares of Rs.10 each for cash at a price of Rs.121 per equity share aggregating to Rs.2.00 Lakh.
QMS Medical Allied IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 4,700,000 Equity Shares of Rs.10/ each.
Issue Size: 4,700,000 Equity Shares of Rs.10 each, aggregating to Rs. 5687 Lakh.
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QMS Medical Allied IPO – Live Performance
The listing date of this IPO is Oct 11, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – QMS Medical Allied Share Price |
QMS Medical Allied IPO Grey Market Premium
The QMS Medical Allied Limited IPO Grey Market Premium price is Rs.1, the Kostak rate is Rs X and the Subject to Sauda is X.
QMS Medical Allied IPO – Company Overview
With an aim to offer a comprehensive range of products, we have expanded our product portfolio, which has resulted in enhanced growth and profitability.
Our growth is further driven by our ability to make available an assortment of quality products under trusted brands. Our company 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.
Our Company is promoted by Mahesh Makhija who has industry experience of around 26 years and possesses business intellect in the marketing and trading circles of the pharma industry as they have been engaged in such business through family proprietary concern since 2 decades.
Hence, Mahesh Makhija and his family have recently incorporated this company with a view to corporatize their business. For details about the promoter track record of this business and its proprietary concern please see “History and Certain Corporate Matters” on page no. 100 of this Draft Prospectus.
QMS Medical Allied IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Total Assets | 8266.53 | 6037.43 | 3348 |
| *Total Revenue | 14774.77 | 12209 | 7277.81 |
| Total Expense | 4,970.33 | 6,405.71 | 4,753.38 |
| Profit After Tax | 1070.64 | 1091.75 | 635.35 |
Earnings per Equity Share (in Lakh)
| 31-Sep-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Basic & Diluted | 17.84 | 16.88 | 8.07 | 0.02 |
Further, their PAT for the period ended on 31-Mar-22, 31-Mar-21, and 31-Mar-20 were Rs. 1070.64 Lakh, Rs.1091.75 Lakh, and Rs. 635.35 Lakh, respectively.
QMS Medical Allied IPO – Promoters
The Promoter of this company is:
- Mahesh Makhija
List of Related Parties (Key Managerial Personnel)
- Mahesh Makhija, Managing Director
- Guddi Makhija, Director
- Diti Makhija, Non-Executive Director
- Gautam Khanna, Non-Executive Independent Director
- Raju Bhatia, Non-Executive Independent Director
QMS Medical Allied IPO – Promoters Holding
- Pre Issue Share Holding -100%
- Pos Issue Share Holding -73.67%
QMS Medical Allied IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 47,00,000 Equity Shares aggregating up to Rs. 5687 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to X Equity Shares aggregating up to Rs. NA Lakh |
| Net Issue to the Public | Up to X Equity Shares aggregating up to Rs. X Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 50% |
| Other than Retail Individual Investors | Not more than 50% |
| Equity Shares outstanding prior to the Issue | 37,62,500 Equity Shares |
| Equity Shares outstanding after the Issue | 43,86,500 Equity Shares |
QMS Medical Allied IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Funding additional Working capital requirements
2. General Corporate Purposes
QMS Medical Allied IPO – Business Strategy
- Experienced Promoter and management team with strong industry expertise and successful track record
- Existing well-established goodwill and client relationships
- Asset light business model and competitive products
QMS Medical Allied IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experienced Promoter and management team with strong industry expertise and successful track record
- Existing well-established goodwill and client relationships
- Asset light business model and competitive products
- Quality assurance
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Sep-20 | 17.84 | 67.55% | 42.83 |
| 31-Mar-20 | 16.88 | – | 25.00 |
| 31-Mar-19 | 8.07 | 99.46% | – |
| 31-Mar-18 | 0.02 | 39.57% | – |
QMS Medical Allied IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| QMS Medical Allied Limited | 10 | – | 11.13 | 73.52% | 14774.77 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
QMS Medical Allied IPO Lead Managers
| Lead Managers |
| ARYAMAN FINANCIAL SERVICES LIMITED 60, Khatau Building, Ground Floor, Alkesh Dinesh Modi Marg, Fort, Mumbai – 400 001. Tel: +91 – 22 – 6216 6999 Email: ipo@afsl.co.in Website: www.afsl.co.in Investor Grievance Email: feedback@afsl.co.in Contact Person: Hiral Motani/ Shweta Kothari SEBI Registration No.: INM000011344 |
QMS Medical Allied IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Office No. S6-2, 6th Floor, Pinnacle Business Park, Mahakali Caves Road, Next to Ahura Centre. Andheri (East), Mumbai – 400 093Tel. No.: +91 22 6263 8200 Email:ipo@bigshareonline.com Website:www.bigshareonline.com Investor Grievance Email:investor@bigshareonline.com Contact Person: Babu Rapheal SEBI Registration No.: INR000001385 |
QMS Medical Allied IPO – Other Details
- Statutory Auditor – P. V. Dalal & Co., Chartered Accountants
- Legal Counsel to the Company – M/s. KANGA & CO. (ADVOCATE & SOLICITORS)
- Bankers to the Company – NA
QMS Medical Allied IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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QMS Medical Allied Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
QMS Medical Allied IPO Review FAQs
Check out various FAQs related to QMS Medical Allied IPO:
What is the Issue Size of QMS Medical IPO?
The Company is making an initial public offer of 47,00,000 equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.
What is the Price band of QMS Medical IPO?
The price band for this particular IPO ranges between Rs.121. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the QMS Medical IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Sep 27, 2022, while the closing date is set at Sep 30, 2022.
What is the QMS Medical IPO Allotment Date?
We also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Oct 6, 2022, refund initiation is on Oct 7, 2022, credit of shares is on Oct 10, 2022, and share listing date is on Oct 11, 2022.
What is the QMS Medical IPO Listing Date?
Shares of this company shall be listed in the exchanges Oct 11, 202. The date, when the listing would be done, is stagnant on Oct 11, 202.
Who is the Registrar of QMS Medical IPO?
One of the reputed registrars is managing the issue of this IPO, BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of QMS Medical IPO?
Here are the promoters of this IPO – Mahesh Makhija. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is GMP of QMS Medical IPO?
We have obtained the GMP of this IPO and it is Rs.1. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is QMS Medical IPO good for Investment?
We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of QMS Medical Allied Company?
We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the period ended on 31-Mar-22, 31-Mar-21, and 31-Mar-20 were Rs. 1070.64 Lakh, Rs.1091.75 Lakh, and Rs. 635.35 Lakh, respectively.
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