IPO Banner
HomeIPOMedPlus Health Services IPO Details

MedPlus Health Services IPO Details

- Advertisement -

MedPlus IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents

About MedPlus Health Services

MedPlus Health Services is the second largest pharmacy retailer in India, in terms of

- Advertisement -

(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

DateDetails
November 30, 2006The company was incorporated as ‘MedPlus Health Services Private Limited’ at Hyderabad, Andhra Pradesh as a private limited company
June 1, 2021The 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

DescriptionMedPlus IPO Details
Public IssueInitial 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  Date13-Dec-21
Issue Close Date15-Dec-21
Issue TypeBook 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 InvestorRs. 2,00,000
Listing NSE, BSE
NSE SymbolMEDPLUS
IPO Market Timings 10.00 a.m. to 5.00 p.m.

MedPlus DRHP & RHP

MedPlus IPO DRHP
MedPlus IPO RHP

MedPlus IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum118₹ 14,328
Maximum13234₹ 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

DetailsDate
Bid / Offer Opens on13-Dec-21
Bid / Offer Closes on15-Dec-21
Finalisation of Basis of Allotment20-Dec-21
Initiation of refunds 21-Dec-21
Credit of the Equity Shares22-Dec-21
Listing Date23-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?

Check the step by step process here – Click here

Follow us on Telegram for all the latest updates

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here