QMS Medical IPO – Review, Bid Size, Allotment, Subscription, GMP & DRHP
Last Updated Date: Aug 23, 2022Let’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 Value | Rs 10 |
| Price Band | NA |
| Listing At | NSE |
| Min. Order Quantity | NA |
| Listing Date | NA |
| Offer for Sale | Rs [●] Lakhs |
| Fresh Issue | Rs [●] Lakhs |
| IPO Size | Rs [●] Lakhs |
| Tick Size | Rs.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
Their 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 / Date | QIB | NII | RII | Total 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-20 | Mar 20 | 31-Mar 19 | Mar 18 | |
| Total Assets | 5,108.18 | 3,348.00 | 1,788.61 | 508.46 |
| Total Revenue | 5,871.38 | 7,277.80 | 5,190.83 | 8.37 |
| Total Expense | 4,970.33 | 6,405.71 | 4,753.38 | 7.45 |
| Profit After Tax | 671.11 | 635.28 | 303.58 | 0.65 |
Earnings per Equity Share (in Lakhs)
| Mar 20 | 31-Mar 19 | Mar 18 | |
| Basic | 16.88 | 8.07 | 0.02 |
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 Issue | Up to 6,24,000 Equity Shares aggregating up to Rs.[●] Lakhs |
| Offer for Sale | Up to 6,00,000 Equity Shares aggregating up to Rs.58,000 Lakhs |
| Of which: | |
| Market Maker Reservation Portion | Up to 62,400 Equity Shares aggregating to Rs.[●] Lakhs |
| Net Issue to Public | Up to 11,61,600 Equity Shares aggregating to Rs.[●] Lakhs |
| 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 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 EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-20 | 16.88 | 67.55% | 31.25 |
| *31-Mar-19 | 8.07 | 99.46% | – |
| 31-Mar-18 | 0.02 | 39.57% | – |
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
| 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 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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