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QMS Medical Allied Services Ltd IPO Review

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.

About Company:

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 Strengths:

      1. Experienced Promoter and management team with strong industry expertise and successful track record.

  1. Existing well-established goodwill and client relationships.

  2. Asset light business model and competitive products.

  3. Quality assurance. 

 

Company Financials:

QMS Medical Allied Services Ltd Financial Information (Restated)

Period Ended 

Total Assets 

Total Revenue 

Profit After Tax 

Net Worth 

Reserve and Surplus 

 31-Mar-2020 

 3348

 7277.81

 635.35

 940.58

 639.58

 31-Mar-2021 

 6037.43

 12209

 1091.75

 2032.33

 1656.08

 31-Mar-2022 

 8266.53

 14774.77

 1070.64

 3102.97

 2726.72

 

 

 

 

 

 Amount in Rs Crore


 

Objects of the Issue:

  1. Funding additional Working capital requirements
  2. General Corporate Purposes 

Company Promoters

  1. Mahesh Makhija is the company promoter. 

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