In the bandwagon of the NSE SME issues, new issue coming to hit the BSE SME exchange is the initial public offering of KMS Medisurgi Ltd. In this post, I will discuss KMS Medisurgi Ltd IPO Review and the possibilities of investing in the same.
Issue Date: April 12, 2017 – April 17, 2017
Offer Price: Rs. 30 per equity share
Project Size: Rs. 2.7 crores
Minimum Application: 4000 shares
Listing Exchange: BSE SME
1) For meeting up the working capital requirements partly
2) For meeting the expenses for this IPO
About The Company:
KMS Medisurgi Ltd is the flagship company of KMS Group. The company is engaged in distributing the disposable surgical equipment. They are mainly into the manufacturing of the adhesive tapes for the medical industry. KMS Medisurgi Ltd is an ISI 9001:2000 company promoted and lead by Shri Gaurang Prataprai Kanakia.
The company has started their journey in 1999 and has their manufacturing unit at Palghar and they are headquartered in Mumbai.
The major products of the company are Surgi-Pore, Surgi-Pore SILK, Surgi-Pore Foam, Surgi-Pore Trans, Surgi-Pore Medi Tape, Surgi-Pore Adhesive Tape USP. A part of the company is also engaged in stockbroking business.
the final note on this issue we feel that the price of Rs. 30 is on the higher side considering the profitability of the company. Also, this kind of low fundamental issues needs to be avoided considering the market is hovering at all-time highs. I suggest to give this issue a PASS and to concentrate on Housing And Urban Development Corporation Ltd – HUDCO IPO Review. So, this is the KMS Medisurgi Ltd IPO Review.
Indrajit is a professional blogger and trading system developer. Amibroker expert, WordPress expert, SEO expert and stock market analyst.Trading since 2002, he has started the journey of StockManiacs.net on 2008. He follows Indian and world stock markets closely.