Medplus Health Services Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹125(15.70%)
Premium (ELP)
The Initial Public Offering of Medplus Health Services Limited's culminated in its successful listing on Dec 23, 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 Dec 13, 2021 to Dec 15, 2021 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on Dec 20, 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 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."
- 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.
NA
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