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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 Promoters:

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

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

Medplus Health IPO Tentative Timetable

The Medplus Health IPO open date is Dec 13, 2021, and the close date is Dec 15, 2021. The issue may list on Dec 23, 2021.

IPO Open Date Dec 13, 2021
IPO Close Date Dec 15, 2021
Basis of Allotment Date Dec 20, 2021
Initiation of Refunds Dec 21, 2021
Credit of Shares to Demat Account Dec 22, 2021
IPO Listing Date Dec 23, 2021

Medplus Health IPO Lot Size

The Medplus Health IPO market 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 (Cut-off)
Minimum 1 18 ₹14,328
Maximum 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 equity share
Face Value ₹2 per equity 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

KFintech Private 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 equity share. The minimum order quantity is 18 Shares.

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

KFintech Private 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 18 Shares.

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.

Medplus Health IPO Message Board

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