Medplus Health Services Limited IPO (Medplus Health IPO) Detail

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:

ParticularsFor the year/period ended (₹ in Millions)
Total Assets17,464.9415,656.5813,486.969,587.11
Total Revenue18,908.9930,908.1428,878.8722,849.40
Profit After Tax663.67631.1117.94119.22

Objects of the Issue:

  • Funding working capital requirement of subsidiary, Optival; and
  • General corpoarte purposes.

Medplus Health IPO Details

IPO Opening DateDec 13, 2021
IPO Closing DateDec 15, 2021
Issue TypeBook Built Issue IPO
Face Value₹2 per equity share
IPO Price₹780 to ₹796 per equity share
Market Lot18 Shares
Min Order Quantity18 Shares
Listing AtBSE, 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 Discount78
QIB Shares Offered50% of the net offer
Retail Shares Offered35% of the net offer
NII (HNI) Shares Offered15% 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 DateDec 13, 2021
IPO Close DateDec 15, 2021
Basis of Allotment DateDec 20, 2021
Initiation of RefundsDec 21, 2021
Credit of Shares to Demat AccountDec 22, 2021
IPO Listing DateDec 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).

ApplicationLotsSharesAmount (Cut-off)

Medplus Health IPO Promoter Holding

Pre Issue Share Holding43.16%
Post Issue Share Holding40.43%

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

Medplus Health IPO Registrar

KFintech Private Limited

Phone: 04067162222, 04079611000

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