What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the QMS Medical Allied Services Limited IPO allotment date?

The basis of allotment for QMS Medical Allied Services Limited IPO is scheduled to be finalized on 7 Oct 2022.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 8 Oct 2022.

QMS Medical Allied Services Limited

ListedSME

Healthcare · NSE

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.

Price Band

₹121

Issue Size

₹56.87 Cr

Lot Size

1000 shares

GMP

—

Est. Listing

₹121

at current GMP

Subscribed

0.88x

overall

Open

27 Sep 2022

30 Sep 2022

Allotment

7 Oct 2022

Refund

8 Oct 2022

Demat Credit

9 Oct 2022

Listing

11 Oct 2022

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

QMS Medical Allied Services Limited Allotment Status

Designated Registrar: Bigshare Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

7 Oct 2022

Basis finalization

Refunds Initiate

8 Oct 2022

Mandate release

Demat Credit

9 Oct 2022

Shares in demat

Listing Debut

11 Oct 2022

Trading begins

How to Check QMS Medical Allied Services Limited IPO Allotment Status

Click the Check on Registrar button above to visit Bigshare Services Private Limited's allotment portal.
Select QMS Medical Allied Services Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About QMS Medical Allied Services Limited Public Issue & Market Profile

QMS Medical Allied Services Limited is bringing an initial public offering (IPO) in the Healthcare sector with an aggregate issue size of ₹56.87 Crores. The shares are offered at a price band of ₹121 to ₹121 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2022-09-30, the basis of allotment is scheduled to be finalized on 2022-10-07. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.