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Medplus Health Services Limited IPO (Medplus Health IPO) Detail

Dec 13, 2021 - Dec 15, 2021

Incorporated in 2006, Medplus Health Services is India's second-largest pharmacy retailer in terms of the number of stores and revenue. The company offers pharmaceutical and wellness products i.e. medicines, vitamins, medical devices, test kits, and fast-moving consumer goods i.e. home and personal care products, baby care products, sanitizers, soaps, and detergents, etc. It is also the first pharmacy retailer in India to offer an omnichannel platform wherein customers can purchase products through stores, place orders over the telephone, online orders, and a Click and Pick facility.

As of June 31, 2021, the company has a strong pharmacy retail network of 2,165 stores across Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Odisha, West Bengal, and Maharashtra. In fiscal 2021, its share of the organized pharmacy retail based on revenue from operations in Chennai, Bangalore, Hyderabad, and Kolkata reported at 30%, 29%, 30%, and 22% respectively. It follows a cluster-based approach for store network expansion wherein it first opens high store density in a populated residential area within a target market. The company's warehouses are located in Bengaluru, Chennai, Hyderabad, Vijaywada, Kolkata, Pune, Bhubaneshwar, Mumbai, and Nagpur.

Competitive strengths

  • Second largest pharmacy retailer company in India.
  • Strong brand name and customer value proposition.
  • Pharmacy retail outlet network of 2000+ stores in Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Odisha, West Bengal, and Maharashtra.
  • First pharmacy retailer to provide Omni-channel platform to customers.
  • Highly qualified, experienced, and professional management team.

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
30-Sep-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 17,464.94 15,656.58 13,486.96 9,587.11
Total Revenue 18,908.99 30,908.14 28,878.87 22,849.40
Profit After Tax 663.67 631.11 17.94 119.22

Objects of the Issue

  • Funding working capital requirement of subsidiary, Optival; and
  • General corpoarte purposes.

Medplus Health IPO Details

IPO Date Dec 13, 2021 to Dec 15, 2021
Listing Date Thursday, December 23, 2021
Face Value ₹2 per share
Price ₹780 to ₹796 per share
Lot Size 18 Shares
Issue Size[.] shares of ₹2
(aggregating up to ₹1,398.30 Cr)
Fresh Issue[.] shares of ₹2
(aggregating up to ₹600.00 Cr)
Offer for Sale[.] shares of ₹2
(aggregating up to ₹798.30 Cr)
Employee Discount 78
Issue Type Book Built Issue IPO
Listing At BSE, NSE
QIB Shares OfferedNot more than 50% of the net offer
NII (HNI) Shares OfferedNot less then 15% of the net offer
Retail Shares OfferedNot less then 35% of the net offer
Company Promoters

Gangadi Madhukar Reddy, Lone Furrow Investments Pvt Ltd, and Agilemed Investments Pvt Ltd are the company promoters.

Medplus Health IPO Tentative Timetable

Medplus Health IPO opens on Dec 13, 2021, and closes on Dec 15, 2021. The Medplus Health IPO bid date is from Dec 13, 2021 10.00 A.M. to Dec 15, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Dec 13, 2021
Closing Date Dec 15, 2021
Basis of Allotment Dec 20, 2021
Initiation of Refunds Dec 21, 2021
Credit of Shares to Demat Dec 22, 2021
Listing Date Dec 23, 2021

Medplus Health IPO Lot Size

The Medplus Health IPO lot size is 18 shares. A retail-individual investor can apply for up to 13 lots (234 shares or ₹186,264).

Application Lots Shares Amount
Retail (Min) 1 18 ₹14,328
Retail (Max) 13 234 ₹186,264

Medplus Health IPO Promoter Holding

Pre Issue Share Holding 43.16%
Post Issue Share Holding 40.43%

Medplus Health IPO Review

After a dismal performance for FY20, the company posted super earnings and based on these earnings, it has priced its IPO very aggressively. While the sustainability of such margins going forward raises concern, pricing of the IPO too appears greedy. Cash surplus investors may consider an investment with a long-term perspective, others may ignore. Read detail review...


Medplus Health IPO Subscription Status (Bidding Detail)

The Medplus Health IPO is subscribed 52.59 times on Dec 15, 2021 5:01:00 PM. The public issue subscribed 5.24 times in the retail category, 111.90 times in the QIB category, and 85.33 times in the NII category. Check Day by Day Subscription Details (Live Status)

Application Wise IPO Subscription (Retail): 4.81 times

CategorySubscription (times)
QIB111.90
NII85.33
Retail5.24
Employee3.05
Total52.59

Medplus Health IPO Prospectus

Medplus Health IPO Rating

886
4.3
Rating:Rated 4.3 stars
Vote Here ...

Medplus Health IPO Listing Date

Listing Date Thursday, December 23, 2021
BSE Script Code 543427
NSE Symbol MEDPLUS
Listing In B Group of Securities
ISIN INE804L01022
IPO Price ₹796 per share
Face Value ₹2 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹796.00
₹1,015.00
₹1,015.00
₹1,143.10
₹1,120.85
NSE
₹796.00
₹1,040.00
₹1,040.00
₹1,143.90
₹1,121.15

Company Contact Information

Medplus Health Services Limited
707, 7th Floor, 5-9-13,
Taramandal Commercial Complex, Saifabad
Hyderabad 500 004
Phone: +91 040 6724 6724
Email: cs@medplusindia.com
Website: http://www.medplusindia.com/

Medplus Health IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: medplus.ipo@kfintech.com
Website: https://karisma.kfintech.com/

Medplus Health IPO FAQs

Medplus Health IPO is a main-board IPO of [.] equity shares of the face value of ₹2 aggregating up to ₹1,398.30 Crores. The issue is priced at ₹780 to ₹796 per share. The minimum order quantity is 18 Shares.

The IPO opens on Dec 13, 2021, and closes on Dec 15, 2021.

KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Medplus Health IPO using UPI as a payment gateway. Zerodha customers can apply in Medplus Health IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Medplus Health IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Medplus Health IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Medplus Health IPO opens on Dec 13, 2021 and closes on Dec 15, 2021.

Medplus Health IPO lot size is 18 Shares and the minimum order quantity is .

You can apply in Medplus Health IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Medplus Health IPO will be done on Dec 20, 2021, and the allotted shares will be credited to your demat account by Dec 22, 2021. Check the Medplus Health IPO allotment status.

The Medplus Health IPO listing date is on Thursday, December 23, 2021.
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Medplus Health IPO Message Board

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1100 Comments

516. iRFAN kHAN |   Link |Jan 20, 2022 1:03:10 PM
Have bought on the listing day @1116, anyone can suggest short term target please?
515. YASHWANT VANGARI |   Link |Jan 2, 2022 3:29:55 PM
Google Pay Mandate Shows: Expired on 30 Dec, 2021
Money still not unblocked.
My Bank :- INDUSIND BANK
515.1. YASHWANT VANGARI |   Link |Jan 2, 2022 3:37:47 PM
My PAN :- BXDPV2321Q
514. Velstock |   Link |Dec 26, 2021 1:31:57 PM
Still in my bank account hold is not removed for medplus. In Google pay it shows mandate end date 30/12/21. What to do. Any seniors advice please.
513. Dev Gupta |   Link |Dec 23, 2021 11:38:33 AM
Mere medplus mein 1 upi blocked hn aur pse bhi debit hogye hn. What to do now?
513.2. Dev Gupta |   Link |Dec 23, 2021 8:30:35 PM
???
513.3. Manav Walunj |   Link |Dec 25, 2021 12:42:40 PM
block hai ya debit hua hai?
512. Mohit B |   Link |Dec 24, 2021 11:19:25 AM
The amount is still blocked with Bank. Will it. R released automatically ??
512.1. Manav Walunj |   Link |Dec 25, 2021 12:42:12 PM
contact your bank and ask them to release it
511. ðŸ”¥ IPO 🔥 GUJARATI 🔥 |   Link |Dec 22, 2021 2:37:45 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
If any one got information from registrar regarding PAN NOT FOUNF case. Please update here.

My 4 applications got rejected by UPI ( Showing PAN NOT FOUND).

511.13. AIR |   Link |Dec 24, 2021 10:30:05 PM
Emailed to registrar and below is his response:
Dear Investor,
We thank you for writing to us.

Please note that despite of a thorough verification of records we are unable to locate the status of your application due to incomplete/incorrect details provided.

We request you to check the status of your application from the below link:

https://ris.kfintech.com/ipostatus/ipos.aspx

We look forward for your cooperation in order to serve you better.
Best Regards,
KFin Technologies Pvt Ltd
511.14. K.Atar |   Link |Dec 25, 2021 9:09:09 AM
IPO Mentor IPO Mentor (900+ Posts, 500+ Likes)
@ Dr Jay.

''Stuck in MATRIX''..
Reminded my Neo..😂😂🤣🤣
Today 1cr shares taken for delivery. Can anyone calculate and explain how much free float is available?
509. Killerr |   Link |Dec 23, 2021 10:36:23 PM
No major bulk deal today on NSE only swing trading by NK SECURITIES !!!


Is it really swing trade?🤔
508. Swar |   Link |Dec 22, 2021 8:44:08 PM
Hope list around 950
508.1. Gopinathji |   Link |Dec 23, 2021 5:53:53 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Four digit
508.2. Gopinathji |   Link |Dec 23, 2021 9:22:20 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Medplus four digit listing 😆😆🤣🤣
507. Gopinathji |   Link |Dec 22, 2021 8:25:13 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Gmp 175 /200
Listing four digit
507.1. Gopinathji |   Link |Dec 23, 2021 9:21:19 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Four digit ho Gaya
506. Crow |   Link |Dec 23, 2021 11:59:01 AM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Such a good listing after a long while. Sold 13 shares at 1,111 and as usual kept 5,000 worth shares for my unborn baby crows. Congratulations to all allottees.
506.2. Crow |   Link |Dec 23, 2021 6:07:10 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
@Rajeev, yes there is someone but it''s still in the primary market. Let''s see if it goes in the secondary and never gets delisted. ;)
506.3. Monster Zero |   Link |Dec 23, 2021 7:27:58 PM
IPO Guru IPO Guru (2500+ Posts, 2200+ Likes)
😂🤣🤣🎉
505. Dr Jay Pandya MDS |   Link |Dec 23, 2021 3:32:02 PM
Hello guys. Anyone got refund or any update on “PAN NOT FOUND” error?!
505.1. Manoj pandey |   Link |Dec 23, 2021 5:45:28 PM
Same here bro...any solution what to do
504. Prajapati Narayan |   Link |Dec 23, 2021 5:09:45 PM
Got 1/1 allotment and sold all @1102. :)
503. kiran k |   Link |Dec 23, 2021 5:06:18 PM
Any update on refund of Medplus ipo.?
502. IPOINPUT |   Link |Dec 23, 2021 3:49:11 PM
I did not sell Mappy at open and then sold half at 1346 while holding the remaining half. Today it touched 1514 and went down.
Today sold medplus at 1072 due to what happened with Mappy but it rallied.
Jo sochta hai wo hota nahi. Aur jo hota hai wo sochne lagta hai.
502.1. bharat vishvkarma |   Link |Dec 23, 2021 4:14:43 PM
Exactly bhai...
Mere sath bhi same hua.. socha.. 150x subscribe hua hai.. pahle gmp 1000 thi.. the 700..... socha.. open hote hi.. upar jayega.. atleast 1700.. lekin bewkoof bna diya.. 1400 pe holding nikalni pdi.. socha medplus me bhi esa hi hoga.. list hotte hi nikal diya.. or.. badhe hi ja rha hai..
501. milgayasigachire |   Link |Dec 20, 2021 4:23:40 PM
I pray for good luck for you all to get MEDPLUS, so that I am saved and I dont get it HAHAHA LOL
501.1. Mind & Money |   Link |Dec 23, 2021 3:45:03 PM
Top Contributor Top Contributor (200+ Posts)
keep praying
500. MAPatel |   Link |Dec 23, 2021 3:35:32 PM
Top Contributor Top Contributor (300+ Posts)
Med Plus after today''s listing will become popular portfolio stocks.....
Yesterday all are in tense and want to even sell @ 150 GMP but if one have not sell today can hold for target of Rs. 1500/- in medium term
499. Chalak Lomdi |   Link |Dec 23, 2021 2:56:11 PM
ye sab chhodo vivo sme ka mahol dekho...
499.1. K.Atar |   Link |Dec 23, 2021 3:03:14 PM
IPO Mentor IPO Mentor (900+ Posts, 500+ Likes)
sahi kaha aapne..

vivo already applied.
ab time fir se pharma shares ka hai. cms toh pit gaya.
498. PKRAJ |   Link |Dec 23, 2021 3:03:08 PM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
Have observed that the price has not gone below the listing one on both the exchanges. In my opinion this is a good sign for this scrip. It is making one high after other. Irrespective of the market conditions in future, this scrip looks good for sometime. It may give good return for original allotees.
Enjoy investing.
497. Satpal Choudhary |   Link |Dec 23, 2021 2:50:49 PM
Dear team pl suggest me. I applied in medplus ipo and got allotment of 18 shares which credited in my demat account and sold @ rs 1100 today. But the amount is not debited from my saving account and still showing in lien amount. I used upi while applying through angel. How to pay such amount against the allotment