MedPlus Health Services Limited IPO
Mainboard₹14,328 / 18 Shares
MedPlus Health Services Limited IPO Details
The MedPlus Health Services Limited IPO price band is set between ₹780-796 per equity share, with a face value of ₹2 per share. The issue is managed by KFin Technologies Private Limited, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 13 Dec, 2021 and closes on 15 Dec, 2021. Investors can check the allotment status on 20 Dec, 2021, while the listing date is tentatively scheduled for 23 Dec, 2021.
The total issue size is ₹1,397.81 Cr, aggregating up to . Stay tuned for the latest MedPlus Health Services Limited IPO review and GMP updates.
MedPlus Health Services Limited IPO Review, Rating & Analysis
MedPlus Health Services Limited IPO Review
NO REVIEWMedPlus Health Services Limited IPO Rating
MedPlus Health Services Limited IPO Highlights
IPO Date
Dec 13, 2021 - Dec 15, 2021
Listing Date
23 Dec, 2021
Face Value
₹2 Per Equity Share
Price Band
₹780-796 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
MedPlus Health Services Limited IPO Lot Size
The minimum market lot for MedPlus Health Services Limited IPO is 18 shares with an application amount of ₹14,328. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 18 | ₹14,328 |
| Retail (Max) | 13 | 234 | ₹1,86,264 |
| S-HNI (Min) | 14 | 252 | ₹2,00,592 |
| S-HNI (Max) | 69 | 1242 | ₹9,88,632 |
| B-HNI (Min) | 70 | 1260 | ₹10,02,960 |
MedPlus Health Services Limited IPO Timeline
Issue Price
₹780-796 per equity shareFace Value
₹2 Per Equity ShareListing at Group
BSE, NSERegistrar
KFin Technologies Private LimitedLead Manager
Axis Capital Limited, Credit Suisse Securities (India) Private Limited, Edelweiss Financial Services Limited, and Nomura Financial Advisory and Securities (India) Private LimitedIssue Size
₹1,397.81 CrMedPlus Health Services Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 21 | 1565.65 | 3090.81 | 63.11 | - | - | - |
| 31 Mar 20 | 1348.69 | 2887.88 | 1.79 | - | - | - |
| 31 Mar 19 | 958.71 | 2284.94 | 11.92 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Gangadi Madhukar Reddy
- Lone Furrow Investments Private Limited
- Agilemed Investments Private Limited
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 43.16% | 40.43% |
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.
MedPlus Health Services Limited IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|
4.81 times
Frequently Asked Questions about MedPlus Health Services Limited IPO IPO
When will MedPlus Health Services Limited IPO open for subscription?
The MedPlus Health Services Limited IPO opens on 13 Dec, 2021 and closes on 15 Dec, 2021.
What is the investors portion for MedPlus Health Services Limited IPO?
The investors' portion for QIB is , NII is N/A, and Retail is .
How to apply for MedPlus Health Services Limited IPO?
You can apply for MedPlus Health Services Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of MedPlus Health Services Limited IPO?
The issue size of MedPlus Health Services Limited IPO is approx ₹₹1,397.81 Cr crores.
What is the price band of MedPlus Health Services Limited IPO?
The price band for MedPlus Health Services Limited IPO is ₹780 to ₹796 per equity share.
What is the lot size of MedPlus Health Services Limited IPO?
The minimum bid (lot size) for MedPlus Health Services Limited IPO is N/A shares with an investment of approx ₹14,328 .
What is the allotment date of MedPlus Health Services Limited IPO?
The allotment date for MedPlus Health Services Limited IPO is 20 Dec, 2021.
What is the listing date of MedPlus Health Services Limited IPO?
The listing date for MedPlus Health Services Limited IPO is expected to be 23 Dec, 2021.
What is the GMP of MedPlus Health Services Limited IPO?
The latest Grey Market Premium (GMP) for MedPlus Health Services Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.