MedPlus Health Services Limited IPO
MainboardPharmaceuticals & Drugs
Listed On: Dec 23, 2021 at ₹ 1040.00(NSE)
₹ 14328 /18 Shares
Check Allotment13 Dec, 2021
Open Date15 Dec, 2021
Close Date20 Dec, 2021
Allotment Date23 Dec, 2021
Listing DatePrice Summary
Last Closing
909.60 (14.27%)52 Week High
1,045.3052 Week Low
616.00Last Update
1-Aug-2025 3:30 PMIPO Issue Details
- Issue Price ₹780-796 per equity share
- Face Value ₹2 Per Equity Share
- Issue Price ₹1,397.81 Cr
- Listing at BSE, NSE
- List Price 1040.00(NSE)
- Listing Date 2021-12-23
- Lead Manager Axis Capital Limited, Credit Suisse Securities (India) Private Limited, Edelweiss Financial Services Limited, and Nomura Financial Advisory and Securities (India) Private Limited
- Registrar KFin Technologies Private Limited
IPO Details
- Retail Portion 35% (Number of Retail Applications : 3,40,300 Approx)
IPO Details
The IPO of is priced at ₹780-796 per equity share, which has a face value of ₹2 Per Equity Share each, IPO bidding starts from Dec 13, 2021 and ends on Dec 15, 2021. The allotment for IPO will be finalized on Dec 20, 2021. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Dec 23, 2021. The company shall list its equity shares on the BSE, NSE. KFin Technologies Private Limited is the registrar of the issue.
The book-running lead manager for the IPO is/are Axis Capital Limited, Credit Suisse Securities (India) Private Limited, Edelweiss Financial Services Limited, and Nomura Financial Advisory and Securities (India) Private Limited.
The IPO sets its price band at 780-796 for each share. A single application for MedPlus Health Services Limited IPO must contain at least 18 shares.
IPO Subscription Analysis And Details
| As on | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| Shares Offered / Reserved | 35,00,741 | 26,25,556 | 61,26,297 | 69,637 | 123,22,231 |
Day 1 13-12-21 05:00 PM | 0.06 x | 0.16 | 1.29 x | 0.76 x | 0.70 x |
Day 2 14-12-21 05:00 PM | 0.08 x | 0.51 | 2.64 x | 1.74 x | 1.45 x |
Day 3 15-12-21 05:00 PM | 111.89 x | 85.34 | 5.23 x | 3.05 x | 52.59 x |
Valuations
Company Financials
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
|---|---|---|---|
| Assets | 1,565.65 | 1,348.69 | 958.71 |
| Revenue | 3,090.81 | 2,887.88 | 2,284.94 |
| Profit After Tax | 63.11 | 1.79 | 11.92 |
About Company
They 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.
- Promoter(s)
Gangadi Madhukar Reddy
Lone Furrow Investments Private Limited
Agilemed Investments Private Limited
Pre Issue Share Holding : 43.16%
Post Issue Share Holding : 40.43%
IPO - Issue Objectives
Funding working capital requirements of their Material Subsidiary, Optival
General corporate purposes.
IPO - Anchor Investors
Medplus Health Services mobilises Rs 418 crore from anchor investors ahead of IPO
Marquee investors who showed interest in the company through the anchor book were Abu Dhabi Investment Authority, Blackrock Global Funds, Nomura, Fidelity Investment Trust, Goldman Sachs, Morgan Stanley, Wasatch International Opportunities Fund, Carmignac Portfolio, and CI Asian Tiger Fund.
Domestic investors including HDFC Trustee, Aditya Birla Sun Life, SBI Mutual Fund, Nippon Life, Kotak Mutual Fund, Motilal Oswal Mutual Fund, HDFC Life Insurance, ICICI Prudential Life Insurance, SBI Life Insurance, and Edelweiss also invested in the company
IPO - FAQs
Ans. MedPlus Health Services Limited IPO is a Mainboard IPO. The issue is priced at ₹780-796 per equity share. The minimum order quantity is 18 Shares. The IPO opens on Dec 13, 2021, and closes on Dec 15, 2021. KFin Technologies Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The MedPlus Health Services Limited IPO opens on Dec 13, 2021 and closes on Dec 15, 2021.
Ans. The size of MedPlus Health Services Limited IPO is ₹1,397.81 Cr.
Ans. The IPO price band is set between ₹780-796 per equity share.
Ans. To apply for MedPlus Health Services Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find MedPlus Health Services Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of MedPlus Health Services Limited IPO is Dec 20, 2021.
Ans. The MedPlus Health Services Limited IPO will be listed on Dec 23, 2021.
Ans. Follow the steps to check the allotment status for MedPlus Health Services Limited IPO here.
