MedPlus Health Services Limited IPO

Mainboard

Pharmaceuticals & Drugs

Listed On: Dec 23, 2021 at ₹ 1040.00(NSE)

₹ 14328 /18 Shares

Check Allotment

Price Summary

Last Closing

673.00 (-15.45%)

52 Week High

849.00

52 Week Low

598.60

Last Update

20-Sep-2024 3:30 PM

IPO Details

13 Dec, 2021

Open Date

15 Dec, 2021

Close Date

20 Dec, 2021

Allotment Date

23 Dec, 2021

Listing Date

Issue Price

₹780-796 per equity share

Face Value

₹2 Per Equity Share

Listing at Group

BSE, NSE

Registrar

KFin Technologies Private Limited

List Price

1040.00(NSE)

Listing Date

2021-12-23

Market Lot

18 Shares (₹14,328/-)

Lead Manager

Axis Capital Limited, Credit Suisse Securities (India) Private Limited, Edelweiss Financial Services Limited, and Nomura Financial Advisory and Securities (India) Private Limited

Issue Size

₹1,397.81 Cr

Retail Portion

35% (Number of Retail Applications : 3,40,300 Approx)

Subscription

52.59 times

IPO Docs

DRHP RHP

IPO Subscription 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

Total No. of Applications: 1636346 (Approx)

Retail Subscription on the basis of Applications: 4.81 times

Valuations

Earnings Per Share (EPS)

₹5.61/-

P/E Ratio

141.91

RoNW

8.74%

Net Asset Value (NAV) - As on 30.06.21

₹71.67

Company Financials All values are in ₹ Cr.

	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 The 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)

Pre Issue Share Holding: 43.16%

Post Issue Share Holding: 40.43%

Company Promoter(s)

Gangadi Madhukar Reddy
Lone Furrow Investments Private Limited
Agilemed Investments Private Limited

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.