MedPlus IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents
- About MedPlus Health Services
- Important Details – MedPlus
- Objects of the Issue
- MedPlus Limited Financials:
- MedPlus Health Services IPO Price – Details
- MedPlus DRHP & RHP
- MedPlus IPO Lot Size
- MedPlus IPO Lead Managers
- MedPlus IPO Registrar
- Company Promoters
- MedPlus IPO Allotment Date, Listing Date and other Important Dates
- Company Peers – Comparison of Accounting Ratios
- Company Corporate Office
- Company Registered Office
- MedPlus IPO – FAQS
About MedPlus Health Services
MedPlus Health Services is the second largest pharmacy retailer in India, in terms of
(i) revenue from operations for the financial year 2021, and
(ii) number of stores as of March 31, 2021, according to the Technopak Report.
MedPlus Health Services offers a wide range of products, including
(i) pharmaceutical and wellness products, including medicines, vitamins, medical devices and test kits, and
(ii) fast-moving consumer goods, such as home and personal care products, including toiletries, baby care products, soaps and detergents, and sanitizers.
The company was founded in 2006 by Gangadi Madhukar Reddy, the Managing Director and Chief Executive Officer, with the vision to set up a trusted pharmacy retail brand that offers genuine medicines and delivers better value to the customer by reducing inefficiencies in the supply chain using technology. The operations are primarily distributed between the Issuer and Subsidiaries
MedPlus maintained a strong focus on scaling up the store network, having grown from operating our initial 48 stores in Hyderabad at the conception of the business to operating India’s second largest pharmacy retail network of over 2,000 stores distributed across Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Odisha, West Bengal and Maharashtra, as of March 31, 2021
Important Details – MedPlus
| Date | Details |
|---|---|
| November 30, 2006 | The company was incorporated as ‘MedPlus Health Services Private Limited’ at Hyderabad, Andhra Pradesh as a private limited company |
| June 1, 2021 | The company was converted from a private limited company to a public limited company and the name of the cCompany was changed to ‘MedPlus Health Services Limited’. |
Objects of the Issue
- Investment into our Material Subsidiary, Optival for funding working capital requirements of Optival; and
- General corporate purposes.
MedPlus Limited Financials:
Summary of financial Information (Restated Consolidated Statement)
| Particulars | For the year ended (₹ in millions) | ||
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 15,656.58 | 13,486.96 | 9,587.11 |
| Total income | 30,908.14 | 28,878.87 | 22,849.40 |
| Total Expenses | 29,957.16 | 28,585.28 | 22,621.89 |
| Profit After Tax | 631.11 | 17.94 | 119.22 |
MedPlus Health Services IPO Price – Details
| Description | MedPlus IPO Details |
|---|---|
| Public Issue | Initial Public Issue of upto [.] equity shares of ₹ 2 (aggregating up to ₹ 13,982.95 million) comprising a fresh issue of upto [.] equity shares of ₹ 5 (aggregating upto ₹ 6000 million) and offer for sale upto [.] equity shares of ₹ 5 (aggregating up to ₹ 7,982.95 million) |
| Issue Open Date | 13-Dec-21 |
| Issue Close Date | 15-Dec-21 |
| Issue Type | Book Building |
| IPO Price Band | ₹ 780 – ₹ 796 |
| Face Value | ₹ 2 |
| Market Lot | 18 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 18 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | NSE, BSE |
| NSE Symbol | MEDPLUS |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
MedPlus DRHP & RHP
MedPlus IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 18 | ₹ 14,328 |
| Maximum | 13 | 234 | ₹ 1,86,264 |
MedPlus IPO Lead Managers
- Axis Capital Limited
- Credit Suisse Securities (India) Private Limited
- Edelweiss Financial Services Limited
- Nomura Financial Advisory and Securities (India) Private Limited
MedPlus IPO Registrar
Company Promoters
- Gangadi Madhukar Reddy
- Lone Furrow Investments Private Ltd
- Agilemed Investments Private Ltd
MedPlus IPO Allotment Date, Listing Date and other Important Dates
| Details | Date |
|---|---|
| Bid / Offer Opens on | 13-Dec-21 |
| Bid / Offer Closes on | 15-Dec-21 |
| Finalisation of Basis of Allotment | 20-Dec-21 |
| Initiation of refunds | 21-Dec-21 |
| Credit of the Equity Shares | 22-Dec-21 |
| Listing Date | 23-Dec-21 |
Company Peers – Comparison of Accounting Ratios
There are no listed companies in India that comparable in all aspects of business and services that Medplus provide. Hence, it is not possible to provide an industry comparison in relation to the Company.
Company Corporate Office
Municipal No: 11-6-56,
Survey No. 257 & 258/1,
C Block, III Floor,
Opp: Railway Siding (Moosapet),
Kukatpally, Hyderabad 500 037,
Telangana, India
Website: www.medplusindia.com
Company Registered Office
707, 7th Floor, 5-9-13,
Taramandal Commercial Complex,
Saifabad, Hyderabad 500 004,
Telangana, India
MedPlus IPO – FAQS
What is the Medplus IPO Price?
The Medplus IPO price band is ₹ 780 – ₹ 796 per share
When MedPlus Health Services IPO will open?
The MedPlus Health Services IPO opens on Dec 13, 2021 and closes on Dec 15, 2021
What is the lot size of Medplus IPO?
The Medplus IPO lot size is 18 Equity Shares and the minimum order quantity is 18 Equity Shares
Who is the Registrar for Medplus IPO?
The Registrar for Medplus IPO is KFin Technologies Private Limited
How to apply in Medplus IPO through UPI?
Check the step by step process here – Click here
How to apply in Medplus IPO through Zerodha?
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