Let’s have a detailed review of the company and analytics of the Wellness Forever Medicare IPO release date, IPO offer price, subscription, Wellness Forever Medicare 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 [●]
Listing AtBSE, NSE
Min. Order QuantityNA
Listing DateNA
Offer for SaleRs Million
Fresh IssueRs 4,000 Million
IPO SizeRs Million
Tick Size1

Wellness Forever Medicare IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.


Wellness Forever Medicare IPO – Summary

Wellness Forever Medicare IPOThey are India’s third-largest retail pharmacy and wellness network by the number of stores, with a leading position in Western India in terms of total revenues, according to Technopak They operate a large omnichannel, hyperlocal retail network under their “Wellness Forever” brand, serving as a one-stop solution for their customers’ wellness needs with most of their stores operating 24×7.

They opened their first drugstore in 2008, and they have expanded their retail footprint to a total of 236 stores in 23 cities across the Indian states of Maharashtra, Karnataka, and Goa serving a registered customer base of 6.7 million customers as of June 30, 2021. As a testament to their success, Technopak estimates that they generated the highest revenue per retail square foot in the Indian pharmaceutical retail industry for fiscal years 2020 and 2021.

The Promoter of this company is ASHRAF MOHAMMED BIRAN, GULSHAN HARESH BAKHTIANI, AND MOHAN GANPAT CHAVAN. The lead manager to the issue is IIFL Securities Limited, Ambit Private Limited, DAM Capital Advisors Limited, and HDFC Bank Limited, and the Registrar to this issue is Link Intime India Private Limited.


Wellness Forever Medicare IPO Date

The opening and the closing date of Wellness Forever Medicare IPO are not available yet.

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Wellness Forever Medicare IPO GMP
Allotment – Wellness Forever Medicare IPO

Wellness Forever Medicare IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day –  
3rd Day – 
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.

Check Wellness Forever Medicare IPO LIVE Subscription

  • Wellness Forever Medicare IPO LIVE Bid details on BSE
  • Wellness Forever Medicare IPO LIVE Bid details on NSE

For the Latest Bid details click on the above links.


Wellness Forever Medicare 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.

Wellness Forever Medicare Limited IPO Listing Date

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

Basis of Allotment Finalization
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

Wellness Forever Medicare IPO Price Band

The face value of each share is Rs.2, but the price band of the IPO is Rs.[●] 


Wellness Forever Medicare IPO Equity Size

This Initial Public Issue of X Equity Shares of Rs.2 each for cash at a price of Rs.[●]  per equity share aggregating to Rs.[●] Million.


Wellness Forever Medicare 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.[●] Million


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    Wellness Forever Medicare IPO – Live Performance

    The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Wellness Forever Medicare Share Price

    Wellness Forever Medicare IPO Grey Market Premium

    The Wellness Forever Medicare Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


    Wellness Forever Medicare IPO – Company Overview

    They focus on providing their customers with a retail experience that goes beyond simply purchasing medicines and key necessities.

    They offer a wide assortment of merchandise comprising approximately 91,500 pharmaceutical and wellness products, and each of their stores features an average of approximately 13,000 products per store, including fast-moving consumer goods (“FMCG”), fast-moving health goods (“FMHG”), nutraceuticals and medical equipment, among other products, alongside over-the-counter and prescription medicines.

    For the fiscal years 2019, 2020, and 2021, their revenues derived from the sale of non-pharmaceutical products were Rs 2,407.18 million, Rs 3,122.44 million, and Rs 4,087.62 million, constituting 36.78%, 37.91%, and 45.72%, of their total revenues respectively, which is significantly higher than their main competitors in the fiscal year 2021, according to Technopak.

    Their stores deliver a distinctive shopping environment and ambiance for their customers. Their stores are strategically located, most are open 24-hours a day and are on an average considerably larger in size than those of their main competitors, according to Technopak. Most of their stores are designed in a differentiated, self-browsing format and feature qualified pharmacists available at all times. They believe these features promote an aspirational element and help to position ourselves as a premium wellness brand.


    Wellness Forever Medicare 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)
    31-Mar-2131-Mar-20Mar-19
    Total Assets6,087.554,765.973,823.03
    *Total Revenue9,413.598,670.996,809.44
    Total Expense9,870.268,712.606,839.38
    Profit After Tax(348.47)(53.21)(13.33)

    Earnings per Equity Share (in Million)

    31-Mar-2131-Mar-20Mar-19
    Basic & Diluted(7.11)(1.16)(0.31)

     

    Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. (348.47) Million, Rs. (53.21) Million and Rs. (13.33) Million respectively.


    Wellness Forever Medicare IPO – Promoters

    The Promoter of this company is:

    1. ASHRAF MOHAMMED BIRAN
    2. GULSHAN HARESH BAKHTIANI
    3. MOHAN GANPAT CHAVAN

    List of Related Parties (Key Managerial Personnel)

    • Ashraf Mohammed Biran, Whole-Time Director
    • Gulshan Haresh Bakhtiani, Whole-Time Director
    • Mohan Ganpat Chavan, Whole-Time Director
    • Avani Vishal Davda, Independent Director
    • Ranjit Gobindram Shahani, Independent Director
    • Kewal Handa, Independent Director

    Wellness Forever Medicare IPO – Promoters Holding

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

    Wellness Forever Medicare IPO Offer Details or Issue Details

     Particulars No. Of Equity Shares
     Equity Shares Offered Up to X Equity Shares aggregating up to Rs.[●] 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 Issue50,755,716 Equity Shares
     Equity Shares outstanding after the IssueX Equity Shares

    Wellness Forever Medicare IPO Issue Object

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

    1. Funding capital expenditure for setting up of new stores;
    2. Repayment/prepayment, in part or full, of all or certain of their borrowings;
    3. Funding incremental working capital requirements of their Company; and
    4. General corporate purposes.

    Wellness Forever Medicare IPO – Business Strategy

    • Continue to build and strengthen their value leadership
    • Deepen penetration in existing markets and expand presence in new territories through new stores and franchise stores.
    • Continue growing their e-commerce footprint and consolidating their omnichannel, hyperlocal model
    • Continuing to invest in, and leverage, their technology platforms across their business
    • Pursue growth through selective, value accretive acquisitions and joint ventures and partnership opportunities in the broader healthcare industry

    Wellness Forever Medicare 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:

    • Unique retail platform within India’s fast-growing pharmaceutical retail sector
    • Demonstrated track record of retail footprint expansion
    • Omni-channel, hyper-local presence increasing customer touchpoints
    • Valuable and trusted “Wellness Forever” brand
    • Growth-ready, technology-backed infrastructure platform
    • Led by a dynamic and experienced management team

    The relevant quantitative factors are:

    Basic & Diluted EPSRONW (%)NAV (Rs.)
    31-Mar-21(7.11)(13.35)51.42
    31-Mar-20(1.16)(3.22)
    Mar-19(0.31)(1.21)

    Wellness Forever Medicare IPO: Competitive Peers

    Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Millions)
    Wellness Forever Medicare Limited2[●](7.11) (13.35) 9,413.59
    Listed Peers
    NA

    Wellness Forever Medicare IPO Lead Managers

    Lead Managers
    IIFL Securities Limited

    Ambit Private Limited

    DAM Capital Advisors Limited

    HDFC Bank Limited

    Wellness Forever Medicare IPO Registrar to offer

    Registrar to the Offer
    Link Intime India Private Limited
    C 101, 247 Park
    L.B.S Marg
    Vikhroli (West), Mumbai 400 083
    Maharashtra, India
    Tel: +91 22 4918 6200
    E-mail: wellnessforever.ipo@linkintime.co.in
    Website: www.linkintime.co.in
    Investor Grievance ID:
    wellnessforever.ipo@linkintime.co.in
    Contact Person: Shanti Gopalkrishnan
    SEBI Registration Number:
    INR000004058

    Wellness Medicare IPO – Other Details

    • Statutory Auditor – Deloitte Haskins & Sells LLP
    • Legal Counsel to the Company – Cyril Amarchand Mangaldas
    • Bankers to the Company –  Yes Bank Limited, IDFC FIRST Bank Limited, HDFC Bank Limited, and Axis Bank Limited


    Wellness Medicare 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

     


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      Wellness Forever Medicare Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download


      Wellness Forever Medicare IPO Review FAQs

      Ques – What is the Issue Size of Wellness Forever Medicare 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 Wellness Medicare IPO?

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

      Ques – What is the Wellness Medicare IPO Open Date?

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

      Ques – What is the Wellness Medicare IPO Allotment Date?

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

      Ques – What is the Wellness Forever Medicare IPO Listing Date?

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

      Ques – Who is the Registrar of Wellness Forever IPO?

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

      Ques – Who is the Promoter of Wellness IPO?

      Answer – Here are the promoters of this IPO – ASHRAF MOHAMMED BIRAN, GULSHAN HARESH BAKHTIANI, AND MOHAN GANPAT CHAVAN. 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 Wellness Forever IPO?

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

      Ques – Is Wellness Medicare 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 Wellness Forever Medicare Company?

      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 (348.47), 2020 is (53.21), 2019 is (13.33).


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