QMS Medical Allied Services Limited IPO
QMS Medical Allied Services Limited IPO
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QMS Medical Allied Services Limited's successfully completed its Initial Public Offering and commenced trading on 11-10-2022 at the NSE exchange. The company raised 47,00,000 Shares through this public offering, comprising 25,64,000 Shares in fresh capital and ₹22.99 Cr through the Offer for Sale mechanism.
The IPO was priced within the band of ₹121 to ₹121, with minimum application lots of 1000 shares. The offering attracted significant investor interest during its subscription period from 27-09-2022 to 30-09-2022.
Share allotment was finalized on 07-10-2022, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
QMS Medical IPO About Company
Incorporated in 2017, QMS Medical Allied Services Limited is engaged in the marketing and distribution of a wide range of medical products under its own brand “QDevices,” along with distributing reputed brands like 3M, Heine and Rossmax. Its product portfolio includes BP monitors, glucose monitoring kits and strips, dental products, PPE kits, infection prevention items, stethoscopes and oxygen concentrators. The company also focuses on medical education by offering specialized courses such as PG Diploma in Cardiology, Masterclasses in Diabetes and renal management, cardiology and cardiac rehabilitation to support continuous skill development. QMS distributes products across India through both offline and online channels and also operates an e-commerce platform, Qmeds, which enables medical equipment dealers, distributors, surgeons and clinicians to conveniently source medical supplies.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
QMS Medical IPO Strength Factors
- Experienced Promoter & Management Team: Led by professionals with strong industry expertise and a proven track record.
- Strong Goodwill & Client Relationships: Maintains long-standing and trusted customer connections.
- Asset-Light Business Model: Offers competitive products with lower operational overheads.
- Quality Assurance: Follows strict standards to deliver reliable and consistent quality.
QMS Medical IPO Risk Factors
NA
QMS Medical IPO Lead Manager(s)
- First Overseas Capital Limited
QMS Medical IPO Promoter(s)
- Mahesh Makhija
QMS Medical IPO FAQs
QMS Medical Allied Services Limited IPO subscribed 0.88 times. The public issue subscribed -- times in the retail category,--times in QIB, and -- times in the HNI (10+) category byNovember 27, 2025 8:52:56 AM (Day 27).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
QMS Medical IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
QMS Medical IPO FAQs
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