QMS Medical Allied Services Limited
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QMS Medical Allied Services Limited's successfully completed its Initial Public Offering and commenced trading on Oct 11, 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 Sep 27, 2022 to Sep 30, 2022.
Share allotment was finalized on Oct 07, 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.
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."
- 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.
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- Mahesh Makhija
QMS Medical Allied Services Limited
Bigshare Services Private Limited