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Mumbai (Maharashtra) [India], September 23 (ANI/PNN): QMS Medical Allied Services (QMS) engaged in the business of marketing and distribution of a wide range of medical and healthcare devices and accessories, proposes to open its initial public offer (IPO) of 47,00,000 Equity Shares of Rs 10 each for cash at a price of Rs 121 per equity share aggregating to Rs 5,687 Lakh on the NSE Emerge platform. Of this, 19,00,000 equity shares are offered for sale while fresh issue is of 28,00,000 equity shares. The issue will close on September 30, 2022. The net proceeds from the IPO will be utilized to meet working capital requirements and for general corporate purposes. The Lead Manager to the Issue is First Overseas Capital Limited and The Registrar to the Issue is Bigshare Services Private Limited. QMS Medical Allied Services Limited is engaged in the marketing and distribution of a wide range of medical and healthcare devices and accessories. The Company markets and distributes these products