Let’s have a detailed review of the company and analytics of the QMS Medical IPO release date, IPO offer price, subscription, QMS Medical Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, QMS Medical IPO promoters and other related things.

Face ValueRs 10
Price BandNA
Listing AtNSE
Min. Order QuantityNA
Listing Date NA
Offer for SaleRs [●] Lakhs
Fresh IssueRs [●] Lakhs
IPO SizeRs [●] Lakhs
Tick SizeRs.1

QMS Medical IPO is listed at [●] premium. Check out the live share price by clicking on the below link.

QMS Medical Share Price – Live Performance

QMS Medical IPO – Summary

QMS Medical IPOTheir Company is engaged in the marketing and distribution of a wide range of medical products as well as medical education services.

They manage a wide range portfolio of products which are being sold under their registered brand name “QDevices” and they also manage distribution for other brands such as 3M, Heine, Rossmax etc.

Further, their company organizes and provides medical education to members belonging to 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.

The promoter of the 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 IPO Date

The opening and the closing date of IPO of QMS Medical Limited is not available yet.


QMS Medical Limited IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day –  
3rd Day – 
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.


QMS Medical 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 IPO Listing Date

Find the dates below on basis of allotment, refund, listing and more:

Basis of Allotment Finalization
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

QMS Medical IPO Price Band / Cash Price

The face value of each share is Rs 10, but the price band of the IPO is Rs.[●]


QMS Medical IPO Equity Size

This Initial Public Issue of 12,24,000 Equity Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] Lakhs.


QMS Medical IPO Share Offering

Fresh Issue: The Fresh Issue of 6,24,000 Equity Shares by their Company, aggregating to Rs.[●] Lakhs,

Issue Size: 12,24,000 Equity Shares of Rs.10 each, aggregating to Rs.[●] Lakhs

Offer for Sale: Offer for sale consists of Up to 6,00,000 Equity Shares of face value of Rs.10 each, aggregating Rs.[●] Lakhs.


QMS Medical IPO – Live Performance

The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.

Live IPO Performance – QMS Medical Share Price

QMS Medical IPO Grey Market Premium

The QMS Medical Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


QMS Medical IPO – Company Overview

They aim to become the “first choice vendor” for all large and small pharmaceutical and medical companies which intend to procure products and services they offer for distribution as part of the branding, marketing and medical awareness initiatives.

They have recently launched their 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 their brand; so as to become a customer preferred medical device company.

QMS Medical Network and Operations

With an aim to offer a comprehensive range of products, they have expanded their product portfolio, which has resulted in enhanced growth and profitability.

Their growth is further driven by their ability to make available an assortment of quality products under trusted brands. The company aims to impact 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.

Their company has an ecommerce platform called Qmeds, which provides online service to medical equipment dealers, distributors, surgeons and clinicians for sourcing medical supplies from their surgical supply store.


QMS Medical IPO – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR & Lakhs)
30-Sep-20Mar 2031-Mar 19Mar 18
Total Assets5,108.183,348.001,788.61508.46
Total Revenue5,871.387,277.805,190.838.37
Total Expense4,970.336,405.714,753.387.45
Profit After Tax671.11635.28303.580.65

Earnings per Equity Share (in Lakhs)

Mar 2031-Mar 19Mar 18
Basic16.888.070.02

From FY 2017-18 to FY 2019-2020, as per the Restated Financial Statements

Their revenue from operations was Rs.7,273.96 lakhs, Rs.5,189.48 lakhs and Rs.8.37 lakhs for Fiscal 2020, 2019 and 2018, respectively and Rs.5,871.38 lakhs for six months period ended September 30, 2020. Their revenue from operations has grown at a CAGR of 889.94 % during Fiscal 2018 to 2020.

EBITDA was Rs.961.21 lakhs, Rs.461.92 lakhs and Rs.0.92 lakhs for Fiscal 2020, 2019 and 2018 respectively and Rs.1,008.14 lakhs for the six months period ended September 30, 2020.

Their restated profit after tax was Rs.635.28 lakhs, Rs.303.58 lakhs and Rs.0.65 lakhs for Fiscal 2020, 2019 and 2018 respectively and Rs.671.11 lakhs for six months period ended September 30, 2020. Their net profit after tax has grown at a CAGR of 889.94 % during Fiscal 2018 to 2020.


QMS Medical Limited IPO – Promoters

The Promoter of this company is:

  • Mahesh Makhija

List of Related Parties (Key Managerial Personnel)

  • Sejal Mhatre, Chief Financial Officer
  • Pratibha Patel, Admin Head
  • Deepali Malpani, Company Secretary and Compliance Officer
  • Kaushik Guha Thakurta, Sales & Marketing Head

QMS Medical: Business Strategies

  • Leveraging their Marketing skills and Relationships
  • Strengthening up their business through effective branding, promotional and digital activities for their customers
  • Providing Continuing Medical Education (CME) Solutions to Pharma companies for skill enhancement and knowledge updation for healthcare professionals
  • Retain and attract the best talent and develop a performance focused culture

QMS Medical IPO Offer Details or Issue Details

 Particulars No. Of Equity Shares
 Equity Shares Offered Up to 12,24,000 Equity Shares aggregating up to Rs.[●] Lakhs
of which:
Fresh IssueUp to 6,24,000 Equity Shares aggregating up to Rs.[●] Lakhs
Offer for SaleUp to 6,00,000 Equity Shares aggregating up to Rs.58,000 Lakhs
Of which:
Market Maker Reservation PortionUp to 62,400 Equity Shares aggregating to Rs.[●] Lakhs
Net Issue to PublicUp to 11,61,600 Equity Shares aggregating to Rs.[●] Lakhs
 Equity Shares outstanding prior to the Issue37,62,500 Equity Shares
 Equity Shares outstanding after the Issue43,86,500 Equity Shares

QMS Medical IPO Issue Object

Their Company proposes to utilize the Net Proceeds from the issue towards the following objects:

  • Part Repayment of Loans
  • Funding Working capital requirements
  • General Corporate Purpose

QMS Medical IPO – Basis of the 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 EPSRONW (%)NAV (Rs.)
31-Mar-2016.8867.55%31.25
*31-Mar-198.0799.46%
31-Mar-180.0239.57%

QMS Medical IPO : Competitive Peers

They believe that there is no listed Company which is specifically comparable to them w.r.t. their business model, size and financials.


QMS Medical 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 IPO Registrar to offer

Registrar to the Offer
BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis
Makwana Road, Marol, Andheri East, Mumbai – 400 059
Tel. No.: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com
Contact Person: Arvind Tandel
SEBI Registration No.: INR000001385

QMS Medical IPO – Other Details

  • Statutory Auditor – M/s. P. V. Dalal & Co., Chartered Accountants
  • Legal Counsel to the Company – M/s. KANGA & CO. (ADVOCATE & SOLICITORS)
  • Bankers to the Company –  [●]


QMS Medical IPO Review by Top 10 Stock Brokers

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Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

 


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    QMS Medical IPO News

    News 1 – QMS Medical Limited IPO DRHP Download


    QMS Medical IPO Review FAQs

    Ques – What is the Issue Size of QMS Medical IPO?

    Answer – The Company is making an initial public offer of 12,24,000 equity shares. We  vividly portray the aspects of the issue in this article. You can check the stats on fresh issue, Offer for sale, and the net issue.

    Ques – What is the Price band?

    Answer – The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.10 per share.

    Ques – What is the QMS Medical IPO Open Date?

    Answer – The opening and closing date for the IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.

    Ques – What is the IPO Allotment Date?

    Answer – We also have the news regarding the respective allotment dates. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA and share listing date is on NA.

    Ques – What is the IPO Listing Date?

    Answer – Shares of this company shall be listed in the exchanges NSE. Date when the listing would be done is stagnant on NA.

    Ques – Who is the Registrar of this IPO?

    Answer – One of the reputed registrars are managing the issue of this IPO, i.e. Bigshare Services Private Limited. Their website will help you regarding the further information you are on a lookout for.

    Ques – Who is the Promoter of this Company?

    Answer – Here are the promoters of this company – Mahesh Makhija. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

    Ques – What is GMP of QMS Medical IPO?

    Answer – We have obtained the GMP of this IPO and it is NA. The further insights of Kostak rate and subject to sauda or SS are as well included in this report.

    Ques – Is QMS Medical IPO good for Investment?

    Answer – The company has been making positive returns as per the financials insights. 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.

    Ques – What is the PAT of this Company?

    Answer – 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 financial year 2020 in Lakhs is 635.28, 2019 is 303.58, 2018 is 0.65. PAT from Sep 2020 is 671.11.


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