Home  »  Ipo Review  »  Medplus Health Services Ipo

Let’s have a detailed review of the company and analytics of the MedPlus Health Services IPO release date, IPO offer price, subscription, MedPlus Health Services Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 2
Price BandRs 780 to Rs 796
Listing AtBSE, NSE
Min. Order Quantity18 Shares
Listing DateDec 23, 2021
Offer for SaleRs 7983 Million
Fresh IssueRs 6,000 Million
IPO SizeRs 13983 Million
Tick Size1

MedPlus Health Services IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.


MedPlus Health Services IPO – Summary

MedPlus Health Services IPOThey are the second-largest pharmacy retailer in India, in terms of (i) revenue from operations for the financial year 2021, and (ii) the number of stores as of March 31, 2021, according to the Technopak Report. They offer 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.

Their Company was founded in 2006 by Gangadi Madhukar Reddy, their 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 Promoter of this company is GANGADI MADHUKAR REDDY, LONE FURROW INVESTMENTS PRIVATE LIMITED AND AGILEMED INVESTMENTS PRIVATE LIMITED. The lead manager to the issue is Axis Capital Limited, Credit Suisse Securities (India) Private Limited, Edelweiss Financial Services Limited, and Nomura Financial Advisory and Securities (India) Private Limited, and the Registrar to this issue is KFin Technologies Private Limited.


MedPlus Health Services IPO Date

The opening and the closing date of MedPlus Health Services IPO are Dec 13, 2021, and Dec 15, 2021, respectively.

Check out Related IPO Links:

MedPlus Health Services IPO GMP
Allotment – MedPlus Health Services IPO

MedPlus Health Services IPO Subscription

Day / DateQIBNIIRIIEmpTotal Subscription
1st Day – 13th Dec0.06x0.16x1.29x0.76x0.70x
2nd Day –  14th Dec0.09x0.50x2.64x1.73x1.46x
3rd Day – 15th Dec111.90x85.33x5.24x3.05x52.59x
Shares Offered or Net Issue3,572,5502,679,4146,251,96571,22512,575,154

The shares subscribed by the public will be updated here.

Check MedPlus Health Services IPO LIVE Subscription

  • MedPlus Health Services IPO LIVE Bid details on BSE
  • MedPlus Health Services IPO LIVE Bid details on NSE

For the Latest Bid details click on the above links.


MedPlus Health Services IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

MedPlus Health Services Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment FinalizationDec 20, 2021
Refunds InitiationDec 21, 2021
Credit of Shares to Demat AccountDec 22, 2021
Share Listing DateDec 23, 2021

MedPlus Health Services IPO Price Band

The face value of each share is Rs.2, but the price band of the IPO is Rs 780 to Rs 796 


MedPlus Health Services IPO Equity Size

This Initial Public Issue of X Equity Shares of Rs.2 each for cash at a price of Rs 780 to Rs 796 per equity share aggregating to Rs.13983 Million.


MedPlus Health Services IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.2/ each.

Issue Size: X Equity Shares of Rs.2 each, aggregating to Rs.13983 Million


Open Free Demat Account Now!

    Fill Your Details Here


    MedPlus Health Services IPO – Live Performance

    The listing date of this IPO is Dec 23, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – MedPlus Health Services Share Price

    MedPlus IPO Grey Market Premium

    The MedPlus Health Services Limited IPO Grey Market Premium price is Rs 180, the Kostak rate is Rs 500 and the Subject to Sauda is Rs 3000


    MedPlus Health Services IPO – Company Overview

    They have maintained a strong focus on scaling up their store network, having grown from operating their initial 48 stores in Hyderabad at the conception of their 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, according to the Technopak Report.

    Stemming from their focus on growing and achieving leadership in the key cities where they operate, for the financial year 2021, their share of the organized pharmacy retail market, based on revenue from operations, in Chennai, Bangalore, Hyderabad, and Kolkata stood at approximately 30%, 29%, 30%, and 22%, respectively, according to the Technopak report.

    Their number of stores has grown since the conception of their business and, as of June 30, 2021, they operated 520 stores in Karnataka, 458 stores in Tamil Nadu, 443 stores in Telangana, 274 stores in Andhra Pradesh, 201 stores in West Bengal, 186 stores in Maharashtra and 83 stores in Odisha.

    They have continued to expand their store footprint in key cities where they operate and, between March 31, 2010, and June 30, 2021, their number of stores in Chennai grew over four-fold from 62 to 293 stores, their number of stores in Bangalore grew three-fold from 110 to 331 stores, their number of stores in Hyderabad grew over two-fold from 141 to 309 stores, and their number of stores in Kolkata grew over eight-fold from 22 to 201 stores. In terms of the number of stores as of March 31, 2021, they ranked 1st in Chennai and Bangalore, and 2nd in Hyderabad and Kolkata, according to the Technopak report


    MedPlus Health Services IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Million)
    30-Sep-21
    31-Mar-21Mar-2031-Mar-19
    Total Assets17,464.9415,656.5813,486.969,587.11
    *Total Revenue18,908.9930,908.1428,878.8722,849.40
    Total Expense18,073.4429,957.1628,585.2822,621.89
    Profit After Tax663.67631.1117.94119.22

    Earnings per Equity Share (in Million)

    30-Sep-21
    31-Mar-21Mar-2031-Mar-19
    Basic 6.165.990.211.33
    Diluted5.995.750.201.27

     

    Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 631.11 Million, Rs. 17.94 Million, and Rs. 119.22 Million respectively.


    MedPlus Health Services IPO – Promoters

    The Promoter of this company is:

    1. GANGADI MADHUKAR REDDY,
    2. LONE FURROW INVESTMENTS PRIVATE LIMITED
    3. AGILEMED INVESTMENTS PRIVATE LIMITED

    List of Related Parties (Key Managerial Personnel)

    • Gangadi Madhukar Reddy, Managing Director, and Chief Executive Officer
    • Anish Kumar Saraf, Non-Executive Director
    • Atul Gupta, Non-Executive Director
    • Murali Sivaraman, Non-Executive Independent Director
    • Madhavan Ganesan, Non-Executive Independent Director
    • Hiroo Mirchandani, Non-Executive Independent Director

    MedPlus Health Services IPO – Promoters Holding

    • Pre Issue Share Holding – 43.16%
    • Pos Issue Share Holding – 40.43%

    MedPlus Health Services IPO Offer Details or Issue Details

     Particulars No. Of Equity Shares
     Equity Shares Offered Up to X Equity Shares aggregating up to Rs.13983 Million
    of which:
    Issue Reserved for the Market MakersUp to [●] Equity Shares aggregating up to Rs.[●]
    Million
    Net Issue to the PublicUp to [●] Equity Shares aggregating up to Rs.[●]
    Million
    Of which:
    Retail Investors Portion Not less than [●] Equity Shares
    Other than Retail Individual InvestorsNot more than [●] Equity Shares
     Equity Shares outstanding prior to the Issue32,202,130 Equity Shares
     Equity Shares outstanding after the IssueX Equity Shares

    MedPlus Health Services IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    1. Funding working capital requirements of their Material Subsidiary, Optival; and
    2. General corporate purposes.

    MedPlus Health Services IPO – Business Strategy

    • Strengthen Their Market Position by Increasing Store Penetration in Existing Clusters and Developing New Clusters
    • Further, Develop Their Omni-channel Platform with a Hyperlocal Delivery Model
    • Increase Their Share of Private Labels and Enhance Their Stock Keeping Unit (“SKU”) Mix
    • Enhance Revenue and Increase Customer Wallet Share Through Continued Investment in Technology Infrastructure and Expansion into Adjacent Healthcare Vertical
    • Continue to Increase Operating Efficiency and Enhance Supply Chain Management to Drive Profitability

    MedPlus Health Services IPO – Basis of Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • India’s Second Largest Pharmacy Retailer;
    • Established Brand and Value Proposition to Customers;
    • Successful Track Record of Expansion Using a Distinct Cluster-based and Replicable Store Unit Expansion Approach;
    • High-Density Store Network Enhancing Omni-channel Proposition;
    • Lean Cost Structure and Technology-Driven Operations; and
    • Well Qualified, Experienced and Entrepreneurial Board and Senior Management Team

    The relevant quantitative factors are:

    Basic EPSDiluted EPS
    RONW (%)NAV (Rs.)
    31-Mar-215.995.758.7465.37
    31-Mar-200.210.200.41
    Mar-191.331.274.09

    MedPlus Health Services IPO: Competitive Peers

    Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Millions)
    MedPlus Health Services Limited2[●]5.998.7430,908.14
    Listed Peers
    NA

    MedPlus Health Services IPO Lead Managers

    Lead Managers
    Axis Capital Limited

    Credit Suisse Securities (India) Private Limited

    Edelweiss Financial Services Limited

    Nomura Financial Advisory and Securities (India) Private Limited

    MedPlus Health Services IPO Registrar to offer

    Registrar to the Offer
    KFin Technologies Private Limited
    Selenium, Tower B, Plot No- 31 and 32,
    Financial District, Nanakramguda,
    Serilingampally, Hyderabad, Rangareedi 500 032,
    Telangana, India
    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.: INR000000221

    MedPlus Health Services IPO – Other Details

    • Statutory Auditor – B S R & Associates LLP, Chartered Accountants
    • Legal Counsel to the Company – Cyril Amarchand Mangaldas
    • Bankers to the Company –  Axis Bank Limited and HDFC Bank Limited


    MedPlus Health Services IPO Review by Stock Brokers

    Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

     


    Subscribe to MedPlus Health Services IPO

      Fill Your Details Here


      MedPlus Health Services Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download


      MedPlus IPO Review FAQs

      Ques – What is the Issue Size of MedPlus IPO?

      Answer – The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

      Ques – What is the Price band of MedPlus IPO?

      Answer – The price band for this particular IPO ranges between Rs 780 to Rs 796. As far as the face value of the share is of concern, it is Rs.2 per share.

      Ques – What is the MedPlus IPO Open Date?

      Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Dec 13, 2021, while the closing date is set at Dec 15, 2021.

      Ques – What is the MedPlus Services IPO Allotment Date?

      Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Dec 20, 2021, refund initiation is on Dec 21, 2021, credit of shares is on Dec 22, 2021, and share listing date is on Dec 23, 2021.

      Ques – What is the MedPlus Health IPO Listing Date?

      Answer – Shares of this company shall be listed in the exchanges on Dec 23, 2021. The date, when the listing would be done, is stagnant on Dec 23, 2021.

      Ques – Who is the Registrar of MedPlus IPO?

      Answer – One of the reputed registrars is managing the issue of this IPO, i.e. KFin Technologies Private Limited. Their website will help you regarding the further information you are on the lookout for.

      Ques – Who is the Promoter of MedPlus Health IPO?

      Answer – Here are the promoters of this IPO – GANGADI MADHUKAR REDDY, LONE FURROW INVESTMENTS PRIVATE LIMITED AND AGILEMED INVESTMENTS PRIVATE LIMITED. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      Ques – What is the GMP of MedPlus Health Services IPO?

      Answer – They have obtained the GMP of this IPO and it is Rs 180. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

      Ques – Is MedPlus IPO good for Investment?

      Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      Ques – What is the PAT of MedPlus Health Services?

      Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Million is 631.11, 2020 is 17.94, 2019 is 119.22.


      Calculate your return on investment!


      Asset ClassROI (Rs.)Profit (Rs.)Profit (%)
      IPO
      Equity
      Savings
      Real Estate
      Gold
      Bonds
      Fixed Deposit
      Mutual Fund


      Featured Topics

       

      Leave a Reply

      Your email address will not be published. Required fields are marked *

      24 + 9 =

      Get 100% IPO Allotment Guarantee! Subscribe to IPO