Medplus Health Services Limited IPO
Medplus Health Services Limited IPO
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The Initial Public Offering of Medplus Health Services Limited's culminated in its successful listing on 23-12-2021 at the NSE, BSE trading platform. The company secured 1,75,73,342 Shares through this capital market exercise, with 75,44,511 Shares allocated to new capital formation and ₹798.30 Cr to existing shareholder liquidity.
Investors participated within the price parameters of ₹780 to ₹796, with minimum investment requirements of 18 shares. The subscription period from 13-12-2021 to 15-12-2021 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on 20-12-2021. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Medplus Health IPO About Company
Medplus Health Services, incorporated in 2006, is India’s second-largest pharmacy retailer by store count and revenue, offering pharmaceutical and wellness products, including medicines, vitamins, medical devices, test kits, and FMCG items such as personal care, baby care, and hygiene products. It is the first pharmacy retailer in India to provide an omnichannel platform, allowing customers to purchase via stores, telephone, online, and Click and Pick services. As of June 30, 2021, Medplus operates 2,165 stores across Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Odisha, West Bengal, and Maharashtra, with a cluster-based expansion strategy targeting high-density residential areas. Its warehouses are strategically located in Bengaluru, Chennai, Hyderabad, Vijayawada, Kolkata, Pune, Bhubaneswar, Mumbai, and Nagpur, supporting efficient distribution and operations.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Medplus Health IPO Strength Factors
- Leading Pharmacy Retailer: Second largest pharmacy retail company in India.
- Strong Brand & Value: Well-recognized brand with a compelling customer value proposition.
- Extensive Store Network: Over 2,000 outlets across Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Odisha, West Bengal, and Maharashtra.
- Omni-Channel Platform: First pharmacy retailer in India to provide an integrated online and offline platform.
- Experienced Management: Highly qualified and professional leadership team.
Medplus Health IPO Risk Factors
NA
Medplus Health IPO Lead Manager(s)
- Axis Capital Limited
- Credit Suisse Securities (India) Private Limited
- Edelweiss Capital Limited
- Nomura Financial Advisory And Securities (India) Private Limited
Medplus Health IPO Promoter(s)
- Gangadi Madhukar Reddy
- Lone Furrow Investments Private Limited
- Agilemed Investments Private Limited
Medplus Health IPO FAQs
Medplus Health Services Limited IPO subscribed 0 times. The public issue subscribed -- times in the retail category,--times in QIB, and -- times in the HNI (10+) category byDecember 19, 2025 9:25:19 AM (Day 19).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Medplus Health IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Medplus Health IPO FAQs
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