About the Company
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 |
|
Fresh Issue |
[.] Eq Shares of ₹2 |
|
Offer for Sale |
[.] Eq Shares of ₹2 |
|
Employee Discount |
78 |
|
QIB Shares Offered |
50% of the net offer |
|
Retail Shares Offered |
35% of the net offer |
|
NII (HNI) Shares Offered |
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% |
How to Apply for IPO?
You can apply for the IPO in these ways:
Demat Account
If you’re a new investor open demat account for free with
Angel One using link https://tinyurl.com/k79bdf4z to begin your investment
journey.
UPI
Alternatively, you can apply for IPO through UPI. First,
you need to connect your bank account with a preferred UPI platform. Then, link
it with your Angel One account. After that, you can use the UPI option present
on the Angel One website and app to subscribe to IPO.
Finally, go to the UPI app to book shares for the IPO.
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