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 :
- 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.
Company Financials
| 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 |
Objects of the Issue
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
QMS Medical Allied IPO Details
| QMS Medical Allied IPO Date | Sep 27, 2022 to Sep 30, 2022 |
| QMS Medical Allied IPO Face Value | ₹10 per share |
| QMS Medical Allied IPO Price | ₹121 per share |
| QMS Medical Allied IPO Lot Size | 1000 Shares |
| Issue Size | 4,700,000 shares of ₹10 (aggregating up to ₹56.87 Cr) |
| Fresh Issue | 2,800,000 shares of ₹10 (aggregating up to ₹33.88 Cr) |
| Offer for Sale | 1,900,000 shares of ₹10 (aggregating up to ₹22.99 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| NII (HNI) Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
| Company Promoters | Mahesh Makhija is the company promoter. |
QMS Medical Allied IPO Timeline
QMS Medical Allied IPO opens on Sep 27, 2022, and closes on Sep 30, 2022. The QMS Medical Allied IPO bid date is from Sep 27, 2022 10.00 A.M. to Sep 30, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Date |
|---|---|
| QMS Medical Allied IPO Opening Date | Sep 27, 2022 |
| QMS Medical Allied IPO Closing Date | Sep 30, 2022 |
| Basis of Allotment | Oct 6, 2022 |
| Initiation of Refunds | Oct 7, 2022 |
| Credit of Shares to Demat | Oct 10, 2022 |
| QMS Medical Allied IPO Listing Date | Oct 11, 2022 |
QMS Medical Allied IPO Lot Size
The QMS Medical Allied IPO lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹121,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹121,000 |
| Retail (Max) | 1 | 1000 | ₹121,000 |
QMS Medical Allied IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.67% |
QMS Medical Allied IPO Review
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…
QMS Medical Allied IPO Prospectus
company Contact Information
QMS Medical Allied Services Ltd
A1 A2/B1 B2, Navkala Bharti Bldg, Plot No16,
Prabhat Colony, Near Santacruz Bus Depot
Santacruz East, Mumbai-400055
Phone: 022 6288 1111
Email: contact@qmsmas.com
Website: https://qmsmas.com/
QMS Medical Allied IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com