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Medplus Health Services IPO

Medplus Health Services Ltd.

₹14,040 /18 sharesMinimum Investment

Medplus Health Services IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE & NSE₹796.00₹1,040.00₹244.00 (30.65%)

Medplus Health Services IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
13 Dec ‘21 - 15 Dec ‘21₹14,04018₹780 - ₹796
Issue SizeIPO Doc
1398.30Cr
RHP PDF

Subscription Status As on 15 Dec '21, 5:00 PM

  • Retail Individual Investor
    5.24x
  • Non-Institutional Investor
    85.33x
  • Qualified Institutional Buyers
    111.90x
  • Employees
    3.05x

About Medplus Health Services

Medplus Health Services is the second-largest pharmacy retailer in India, in terms of revenue from operations for the fi
Parent Organisation
Medplus Health Services Ltd.
Founded
2006
Managing Director
Gangadi Madhukar Reddy

Strengths & Risks

  • Medplus is India’s second-largest pharmacy retailer with around 2000+ stores.
  • It has an operating history of 15+ years and has positioned to stand for genuine and good quality pharmaceutical products that are offered at affordable prices.
  • Successful track record of expansion using a distinct cluster-based and replicable store unit expansion approach.
  • High-density store network enhancing omnichannel proposition.
  • Lean cost structure and technology-driven operations.
  • One of the company’s promoters, Lone Furrow Investments Private Limited, has pledged a portion of its shareholding with certain lenders under various loan and security agreements.
  • The company’s insurance coverage may not be adequate to protect it against all potential losses to which it may be subject to.
  • There have been instances of negative cash flows in the last three financial years.
  • The lenders have imposed certain restrictive conditions on the company under its financing arrangements.
  • Sudden changes in prescription drug pricing and commercial terms.
  • The cumulative cost of the stores operated by Medplus across India may not be indicative of the market capitalization of the company.
  • Its operations are subject to high working capital requirements and have incurred substantial indebtedness.
  • Failure to properly manage inventories and anticipate demand.
  • Failure to meet customer expectations, needs, and requirements.
  • Inability to manage information technology systems impairment and cyber-attacks.
  • The use and disclosure of personally identifiable information, including personal health information, is subject to privacy and security regulations.
  • Risks associated with expansion into new markets.
  • Dependence on third-party manufacturers for the supply of its products.

Financials

*All values are in Rs. Cr
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Top IPO FAQs

What is the issue size of Medplus Health Services Limited IPO?

Medplus Health Services Ltd. IPO issue size is a fresh issue of Rs 600 crores and an offer for sale of Rs 798.30.

What is 'pre-apply' for Medplus Health Services Limited IPO?

Pre-apply will alow you to apply for the Medplus Health Services Limited IPO 2 days before the subscription period starts.

If I pre-apply for Medplus Health Services Limited IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Medplus Health Services Limited IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Medplus Health Services Limited IPO order is placed?

We will notify you when your Medplus Health Services Limited IPO order is placed with the exchange.

What are the open and close dates of the Medplus Health Services Limited IPO?

Medplus Health Services Limited IPO date is December 13 to December 15, 2021.

What is the lot size and minimum order quantity of the Medplus Health Services Limited IPO?

The minimum order quantity and lot size of Medplus Health Services IPO is 18 shares.

What are the allotment dates for the Medplus Health Services Limited IPO?

Medplus Health Services Limited IPO allotment date is December 20.

Who is the registrar of Medplus Health Services Limited IPO?

Medplus Health Services Limited IPO registrar is KFin Technologies Private Limited.

Where is the Medplus Health Services Limited IPO getting listed?

The shares are proposed to be listed on the BSE and NSE.
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