MedPlus IPO Details

The MedPlus IPO bid opens on 13th Dec, 2021 and closes on 15th Dec, 2021 at 5 pm.

MedPlus Health Services Limited, established in the year 2006 by Gangadi Madhukar Reddy is the second-largest pharmacy retailer in India which has over 2100 stores across different states of the country as of March 2021. Apart from the stores, the company has its various e-commerce portals such as ‘MedPlus Mart’, ‘MedPlus Lens’, and ‘MedPlus Labs’. The company focuses on providing genuine and best quality pharmaceutical products and fast-moving consumer goods(FMCG) at reasonable prices.

IPO Objectives:

The ongoing process of the fresh issue of this IPO will mainly focus  on funding it’s subsidiary,Optival and also for corporate actions

Company Promoters:

Gangadi Madhukar Reddy and Agilemed Investments Private Limited.

MedPlus IPO Timeline

IPO opens IPO Ends Allotment Begins Refund Initiation Allotment Date Listing on Exchange
13th Dec 2021 15th Dec 2021 20th Dec 2021 21st Dec 2021 22nd Dec 2021 23rd Dec 2021

MedPlus Health IPO Details

  • Market Cap Post IPO: 9400cr
  • Face Value  Rs2 per equity share
  • Net Profit: 63cr
  • P/E: 130
  • Debt to Equity: 0.10
  • IPO price Range   Rs.780 to Rs.796 per equity share
  • QIB shares offered: Not more than 50%
  • Retail shares offered: Not less than 35%
  • HNI shares offered: Not less than 15%
  • Till 5pm dated  13th Dec 2021, the GMP of MedPlus Health is running at Rs.240 to its cut off price of Rs.796.

MedPlus IPO Lot Size(Retail Individual Investors)

The MedPlus Health IPO lot size is of 18 shares. A retail individual investor can apply for a maximum of 13 lots or in total of 234 shares.

ApplicationsLotsSharesAmount(Cut-off)
Minimum118₹14,328
Maximum13234₹186,264

MedPlus IPO  subscription status

The MedPlus Health IPO has been subscribed 70%  on the first day of its issue itself. Qualified institutional buyers(QIB) have subscribed 0.06 times where as Retail investors have subscribed 1.29 times with HNI’s subscribing it for 0.16 times on Monday.

MedPlus Health IPO Review:

The company has posted great results this year after a disappointing previous year. It’s  revenue n margin is growing with no listed peers. With a target to open another 350 stores in FY22 n more expansion,the IPO looks good for now. One can apply definitely for listing gains and even for mid to long term.

MedPlus Health IPO  Registrar:

Kfintech Private Limited

Phone: 04067162222, 04079611000
Email: medplus.ipo@kfintech.com
Website: https://ris.kfintech.com/

Company Contact Details:

Medplus Health Services Limited
707, 7th Floor, 5-9-13
Taramandal Commercial Complex, Saifabad
Hyderabad 500 004
Phone: +91 040 6724 6724
Email: cs@medplusindia.com
Website: https://www.medplusindia.com/

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