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Medplus Health IPO

IPO Status: Closed [13th Dec 2021 to 15th Dec 2021]

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Medplus Health IPO Detail

Medplus Health, one of the largest Pharmacy retailer in India is coming up with an IPO of Rs. 1398.30 Cr comprising a fresh issue of Rs. 600 Cr and an offer for sale of Rs. 798.30 Cr to list on the BSE and NSE. The IPO opens for subscription from 13 Dec to 15 Dec 2021. The face value is Rs. 2 per share IPO price band is fixed at Rs. 780-796. The lower cap is fixed at 390 times and upper cap is fixed at 398 times of the face value and one can apply for the bid lot of 18 shares and its multiple. Stay updated with us to know more about the Medplus Health IPO issue size, minimum order amount, business overview, company financials, live subscription, grey market premium, allotment status, and more.

Medplus Health IPO Details

IPO Issue Opening Date: 13th Dec 2021
IPO Issue Closing Date: 15th Dec 2021
IPO Issue Price: ₹780-796
IPO Listing At: BSE, NSE
Retail Quota: 35%
IPO Issue Type: Book Built Issue IPO
IPO Issue Size: ₹1,398.30 Cr
Offer for Sale: ₹798.30 Cr
Fresh Issue: ₹600 Cr
Face Value: ₹2 Per Equity Share
IPO Discount: Employee: ₹78 per share
Promoter Holding Pre IPO: 43.16%
Promoter Holding Post IPO: 40.43%
BSE Code: 543427

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Medplus Health IPO Important Dates

In this section we have covered all important dates related to Medplus Health IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

Medplus Health IPO important dates
IPO Activity Date
IPO Issue Open 13th Dec 2021
IPO Issue Close 15th Dec 2021
Basis of Allotment Date* 20th Dec 2021
Refunds Initiation* 21st Dec 2021
Credit of Shares to Demat* 22nd Dec 2021
IPO Listing Date* 23rd Dec 2021

* - Tentative Dates

Medplus Health IPO Lots

IPO Activity Date
Issue Price ₹780-796
Market Lot: 18 Shares
1 Lot Amount: ₹14328
Max Retail Lots: 234 shares (13 lots)
Min HNI Lots: 252 shares (14 lots)

About Company - Medplus Health

Medplus Health Services is the second-largest pharmacy retailer company in India in terms of revenue from operations and the number of stores. The business offers pharmaceutical and wellness products (medicines, medical devices, vitamins, test kits, etc.) and FMCG products (personal care, home care, baby care, sanitizers, etc.). It is also the first pharmacy retailer to provide an omnichannel platform including physical stores, orders over a telephone call, online orders, and click and pick facility.

The company was started with 48 stores initially in Hyderabad and grew to the pharmacy retail outlet network of 2000+ stores in key markets. As of June 30, 2021, the firm operates 520 stores in Karnataka, 458 in Tamil Nadu, 443 in Telangana, 274 in Andhra Pradesh, 201 in West Bengal, 186 in Maharashtra, and 83 in Odisha. The firm aims to open retail outlets in high-density populated areas to expand customer reach.

Medplus Health IPO Strengths

  • India's second-largest pharmacy retailer company and first omnichannel pharmacy retailer.
  • Strong retail outlet network of 2165 stores as of June 31, 2021, in key markets.
  • Cluster-based store expansion strategy to establish outlets in major markets with high customer reach.
  • Established and proven fundamental track record.
  • Experienced and qualified management team.
Incorporation Sector IPO Issue Size Website
2006 Healthcare ₹1,398.30 Cr

Medplus Health IPO Objective

The IPO aims to utilize net proceeds for the following purposes;

  • Meet working capital requirements of subsidiary company, Optival.
  • General corporate purposes.

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Medplus Health IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 3,572,550 Shares
  • Non-Institutional Investors: 2,679,414 Shares
  • Retail Individual Investor: 6,251,965 Shares
  • Employees Quota: 71,225 Shares
IPO Bidding Live Updates from BSE + NSE
 # of Shares Offered3,572,550 (28.41%)2,679,414 (21.31%)6,251,965 (49.72%)71,22512,575,154
113th Dec 2021 17:020.06x0.16x1.29x0.76x0.70x
214th Dec 2021 19:160.09x0.50x2.64x1.73x1.46x
315th Dec 2021 17:03111.90x85.33x5.24x3.05x52.59x

Medplus Health Financials for past 3 Years

Past performance and financial results of Medplus Health.

Medplus Health financial
Medplus Health Financials (₹ in Cr) 30-Sep-2021 31-Mar-2021 31-Mar-2020 31-Mar-2019
Total Assets ₹1,746.49 ₹1,565.66 ₹1,348.70 ₹958.71
Total Income ₹1,890.90 ₹3,090.81 ₹2,887.89 ₹2,284.94
Net Profit/Loss ₹66.37 ₹63.11 ₹1.79 ₹11.92

Medplus Health IPO DRHP >>Document

Medplus Health IPO RHP >>Document

Medplus Health IPO Allotment Status >>Link

Company Address

Medplus Health Services Limited
707, 7th Floor, 5-9-13, Taramandal Commercial Complex, Saifabad
Hyderabad ,Telangana-500 004
Phone: 91 040 6724 6724
Email: [email protected]

Medplus Health IPO Registrar

KFintech Private Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000
Email: [email protected]

Medplus Health IPO Lead Manager

  1. Edelweiss Financial Services Ltd
  2. Nomura Financial Advisory And Securities (India) Pvt Ltd
  3. Credit Suisse Securities (India) Private Limited
  4. Axis Capital Limited
Medplus Health IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Medplus Health? Should I apply in Medplus Health IPO?

Last Updated on 2022-01-05T10:39:43+00:00

User Reviews

5. Sijojose Dec 06 2021 10:55:55 PM Reply
Medplus Health IPO expected listing gain.
4. john thomas Dec 06 2021 10:55:55 PM Reply
Please confirm Medplus Health IPO GMP (grey market premium) and kostak.
3. GANESH  Dec 06 2021 10:55:55 PM Reply
Medplus Health IPO good or bad.
2. Virender Singh  Dec 06 2021 10:55:55 PM Reply
Medplus Health IPO whether to invest or not.
1. Guru Dec 06 2021 10:55:55 PM Reply
Medplus Health IPO - CRISIL Rating, Apply or not?.