Medplus Health IPO Price, GMP, Dates, Review

SJS Enterprises Limited IPO

Medplus Health IPO:

When is Medplus Health Services Limited IPO Launching?

The initial public offering (IPO) of pharmacy retail chain MedPlus Health Services opened for subscription on Monday, December 13, 2021. The IPO opens on Dec 13, 2021, and closes on Dec 15, 2021.

Medplus Health Services Limited IPO Tentative Timetable

The Medplus Health IPO open date is Dec 13, 2021, and the close date is Dec 15, 2021. The issue may list on Dec 23, 2021.

IPO Open Date Dec 13, 2021
IPO Close Date Dec 15, 2021
Basis of Allotment Date Dec 20, 2021
Initiation of Refunds Dec 21, 2021
Credit of Shares to Demat Account Dec 22, 2021
IPO Listing Date Dec 23, 2021


Medplus Health Services Limited IPO Lot Size

The Medplus Health IPO market lot size is 18 shares. A retail-individual investor can apply for up to 13 lots (234 shares or ₹186,264).

Application Lots Shares Amount (Cut-off)
Minimum 1 18 ₹14,328
Maximum 13 234 ₹186,264


Medplus Health Services Limited IPO Share Price

Medplus Health IPO is a main-board IPO of [.] equity shares of the face value of ₹2 aggregating up to ₹1,398.30 Crores. The issue is priced at ₹780 to ₹796 per equity share. The minimum order quantity is 18 Shares.

Medplus Health Services Limited IPO Promoter Holding

Gangadi Madhukar Reddy, Lone Furrow Investments Pvt Ltd, and Agilemed Investments Pvt Ltd are the company promoters.

Pre Issue Share Holding 43.16%
Post Issue Share Holding 40.43%


Medplus Health Services Limited IPO Board of Directors

Mr.Hiroo Mirchandani – Ind. Non-Executive Director

Mr.Murali Sivaraman – Ind. Non-Executive Director

Mr.Madhavan Ganesan – Ind. Non-Executive Director

Mr.Gangadi Madhukar Reddy – Managing Director & CEO

Mr.Anish Kumar Saraf – Non-Executive Director

Mr.Atul Gupta – Non-Executive Director

Medplus Health Services Limited IPO Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
30-Sep-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 17,464.94 15,656.58 13,486.96 9,587.11
Total Revenue 18,908.99 30,908.14 28,878.87 22,849.40
Profit After Tax 663.67 631.11 17.94 119.22


About Medplus Health Services Limited

Established in 2006, Medplus Health Services is India’s second-biggest pharmacy retailer as far as the number of stores and revenue. The organization offers pharmaceutical and wellness products for example medicines, vitamins, medical devices, test kits, and fast-moving consumer goods for example home and personal care products, baby care products, sanitizers, soaps, and detergents, and so on It is additionally the first pharmacy retailer in Quite a while to offer an omnichannel platform wherein clients can buy products through stores, place orders via phone, online orders, and a Click and Pick facility.

As of June 31, 2021, the organization has a solid pharmacy retail network of 2,165 stores across Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Odisha, West Bengal, and Maharashtra. In financial 2021, its portion of the coordinated pharmacy retail based on revenue from operations in Chennai, Bangalore, Hyderabad, and Kolkata reported at 30%, 29%, 30%, and 22% separately. It follows a cluster-based approach for store network expansion wherein it first opens high store density in a populated residential region inside an objective market. The organization’s warehouses are situated in Bengaluru, Chennai, Hyderabad, Vijaywada, Kolkata, Pune, Bhubaneshwar, Mumbai, and Nagpur.

Company Contact Information

Medplus Health Services Limited
707, 7th Floor, 5-9-13,
Taramandal Commercial Complex, Saifabad
Hyderabad 500 004
Phone: +91 040 6724 6724

Medplus Health Services Limited IPO GMP

MedPlus IPO GMP is ₹300 as of today.

How to apply for Medplus Health Services Limited IPO?

You can apply in Medplus Health IPO online utilizing either UPI or ASBA as a payment strategy. ASBA IPO application is accessible in the net banking of your bank account. UPI IPO application is presented by intermediaries who don’t offer banking services. Peruse more insight regarding applying IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.

Final Review

Later a bleak execution for FY20, the organization posted super earnings, and based on these earnings, it has evaluated its IPO forcefully. While the supportability of such margins going ahead raises concern, estimating the IPO also seems eager. Cash surplus investors might consider an investment with a drawn-out viewpoint, others might steer clear.

More Details: Financial Solving


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