QMS Medical Allied announces launch of initial public offering
QMS Medical Allied Services Ltd. has announced public offering of 4700000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 111.00 per share. The gross proceeds of the issue are expected to be Rs 5,687.00 lakhs. The company's initial public offer (IPO) will open on 27 September 2022 and is expected to close on 30 September 2022, subject to customary closing conditions. The IPO includes a fresh Issue of 4700000 Equity Shares of the Company at an price of Rs 121.00 per Equity Share.
The company has fixed the minimum bid lot for the issue at 1000 shares with bids in multiples of 1000. QMS Medical Allied Services Ltd. anticipates using the proceeds of the issue for Funding additional Working capital requirements General Corporate Purposes. FIRST OVERSEAS CAPITAL LIMITED as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.
