The IPO for QMS Medical Allied Services Ltd. starts on September 27, 2022.

QMS Medical Allied Services is launching an initial public offering of 47,00,000 equity shares . The company is engaged in the marketing and distribution of a broad range of medical and healthcare products and accessories .

On the NSE Emerge website, QMS Medical Allied Services (QMS), which is engaged in the marketing and distribution of a broad range of medical and healthcare products and accessories, has announced the launch of an initial public offering (IPO) of 47,00,000 Equity Shares of Rs 10 each for cash, aggregating to Rs 5,687 Lakh.Of this total, 19,00,000 equity shares are offered for sale, while the latest issue is of 28,00,000 equity shares.The deal will expire on September 30, 2022.The proceeds from the IPO will be used to fund working capital requirements and general corporate purposes.

This company markets and markets these products to various end users, including doctors, pharmaceutical companies, and medical firms, as well as individual consumers.These devices are offered as Q-Devices, which are sold exclusively under the manufacturer's name as well as under their own brand.The company promotes and markets its services online and offline.The organization has its own online portal, and.QMS also offers a range of evidence-based, scientific-content medical services that are used to improve clinical knowledge and practices.

The Company's total income for the year ended on March 31, 2022 was Rs 14,774 lakh, while the Company's Profit after tax for the year ended on March 31, 2022 was Rs 1,070 lakh.Company's revenue increased at a rate of 41.3% for the last three financial years, FY20-FY22, while EBITDA & PAT increased at a rate of 56.6 percent and 52.2 percent respectively.According to Industry reports, the Indian market for medical equipment is projected to grow at a much higher rate in 2025 than at USD 12 billion in 2021, according to Mahesh Makhija, Promoter, Chairman, and Managing Director of QMS Medical Allied Services.We are confident that an increasing market share would increase our market share.QMS Medical Allied Limited is a rapidly growing company in the medical device distribution business.

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