Medplus Health Services Incorporated in 2006, 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.
Medplus Health Services Limited IPO Timetable
| Particular | Date |
| IPO Open Date | 13 Dec 2021 |
| IPO Close Date | 15 Dec 2021 |
| Allotment Date | 21 Dec 2021 |
| IPO Listing Date | 23 Dec 2021 |
Medplus Health Services Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 2 Per Equity Share |
| IPO Price | Rs. 780 to Rs. 796 Per Equity Share |
| Market Lot | 18 Share |
| NSE Symbol | MEDPLUS |
| BSE Symbol | MEDPLUS |
| ISIN Code | |
| Listing At | NSE & BSE |
| Issue Size | Approx. Rs. 1398 Crore. |
Medplus Health Services Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 18 | Rs. 14328 |
| Maximum | 13 | 234 | Rs. 186264 |
Medplus Health Services Limited IPO Allotment Status
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Company Financials:
| Particular | 31 March 2021 | 31 March 2020 | 31 March 2019 |
| Total Assets | 15656.58 | 13486.96 | 9587.11 |
| Total Revenue | 30908.14 | 28878.87 | 22849.40 |
| Profit After Tax | 631.11 | 17.94 | 119.22 |
Company Promoters:
Gangadi Madhukar Reddy, Lone Furrow Investments Pvt Ltd, and Agilemed Investments Pvt Ltd are the company promoters.
Objects of this Issue:
The IPO aims to utilize the net proceed towards the following purposes;
- Funding working capital requirement of subsidiary..
- General corporate purposes.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| 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 | KFintech Private Limited Phone: 04067162222, 04079611000 Email: murali.m@kfintech.com Website: https://karisma.kfintech.com |
