
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
Close
30 Sep 2022
Allotment
7 Oct 2022
Refund
8 Oct 2022
Demat Credit
9 Oct 2022
Listing
11 Oct 2022
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹121
Band: ₹121
Estimated Listing Price
₹121
Upper price + GMP
Lot Size
1000 shares
Min investment ₹1,21,000
Estimated Profit / Lot
₹0
1000 × ₹0
Grey Market Premium trend
—
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | — | 0.0% | ₹121 |
| 30 Oct 2026 | — | 0.0% | ₹121 |
| 29 Oct 2026 | — | 0.0% | ₹121 |
GMP is unofficial market data. Not a guarantee of listing performance.
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.
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.
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.
The latest grey market premium for QMS Medical Allied Services Limited IPO is ₹0, which indicates an expected listing price of ₹121.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.