MedPlus IPO is to hit the market on December 13 and will close on December 15. MedPlus IPO to raise around Rs.1398 crores via IPO that comprises fresh issue of Rs.600 crores and offer for sale up to Rs.798 crores of Rs.2 each. The retail quota is 35% while QIB is 50% and HNI is 15%.
MedPlus
Health Services Limited is one of the largest pharmacy retailers in
India as per the 2021 data. The company was founded in 2006 based in
Hyderabad. They offer products pharmaceutical and wellness products that
include medicines, vitamins, medical devices, and test kits, and
fast-moving consumer goods that include home and personal care products,
including toiletries, baby care products, soaps and detergents, and
sanitizers. MedPlus is providing genuine and unadulterated medicines.
They are one of the largest pharmacy chains in India with operating in
300+ cities, with 1500+ offline stores in India.
MedPlus IPO Details
| Subscription Dates | 13 – 15 December 2021 |
| Price Band | INR780 – 796 per share |
| Fresh issue | INR600 crore |
| Offer For Sale | INR798.3 crore |
| Total IPO size | INR1,398.3 crore |
| Minimum bid (lot size) | 18 shares |
| Face Value | INR 2 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
MedPlus IPO Market Lot
The MedPlus IPO minimum market lot is 18 shares with Rs.14,328 application amount. The retail investors can apply up-to 13 lots, 234 shares with Rs.186,264 application amount.
MedPlus IPO Date, Time Table, Allotment & Listing
The MedPlus IPO date is 13 December 2021 and the IPO close date is 15 December 2021. The allotment date is 20 December 2021 and the IPO may list on 23 December 2021.
MedPlus Company Financial Report
| Rs. in Crores | |||||
| Income | Expense | PAT |
|||
| 2019 | Rs.2285 | Rs.2262 | Rs.11.92 | ||
| 2020 | Rs.2888 | Rs.2859 | Rs.1.79 | ||
| 2021 |
Rs.3091 | Rs.2996 | Rs.63.11 | ||
MedPlus IPO GMP (latest)
GMP - Rs. 200
Kostak- Rs.380
Subject to Sauda-Rs.2800
Company Promoters
- GANGADI MADHUKAR REDDY
- LONE FURROW INVESTMENTS PRIVATE LIMITED
- AGILEMED INVESTMENTS PRIVATE LIMITED
MedPlus IPO Registrar
KFin Technologies Private Limited
Selenium, Tower B, Plot No-31 and 32,
Financial District, Nanakramguda,
Serilingampally, Hyderabad,
Rangareedi 500 032, Telangana
Tel:+91 40 6716 2222/ 180034 54001
E-mail:medplus.ipo@kfintech.com
Investor grievance e-mail: einward.ris@kfintech.com
Website: www.kfintech.com
Contact person: M Murali Krishna
SEBI Registration No.:INR000000221BID
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
Company Address
MedPlus Health Services Limited
Registered Office: 707, 7th Floor,
5-9-13, Taramandal Commercial Complex,
Saifabad, Hyderabad 500 004,
Telangana, India
Tel: +91 04067246724
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
Tel: +91 040 67246724
Website: www.medplusindia.com
Contact Person: Parag Jain
Company Secretary and Compliance Officer
E-mail:cs@medplusindia.com
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