Medplus Health Services Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 8,751,852 (50%) | — | ₹69,665 Cr |
| NII (HNI) | — | 2,625,556 (15%) | — | ₹20,899 Cr |
| Retail | — | 6,126,297 (35%) | — | ₹48,765 Cr |
| Employee | — | 69,637 (0%) | — | ₹55 Cr |
| Σ Total | — | 17,573,342 (100%) | — | ₹1,398,838 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 18 | ₹14,328 |
| Retail (Max) | 13 | 234 | ₹186,264 |
| S-HNI (Min) | 14 | 252 | ₹200,592 |
| B-HNI (Min) | 67 | 1,206 | ₹959,976 |
Financial Statements Amount In Crore
| Metric | 30-Sep-21 | 31-Mar-21 | 31-Mar-20 |
|---|---|---|---|
| Revenue | 1,891 | 3,091 | 2,888 |
| Profit After Tax | 66 | 63 | 2 |
| Total Assets | 1,746 | 1,566 | 1,349 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Investment into our Material Subsidiary, Optival for funding working capital requirements of Optival – 467.17
- 2 General corporate purposes – 105.57
Company Overview
Incorporated in 2006, Medplus Health Services is India's second-largest pharmacy retailer in terms of the number of stores and revenue. The company offers pharmaceutical and wellness products i.e. medicines, vitamins, medical devices, test kits, and fast-moving consumer goods i.e. home and personal care products, baby care products, sanitizers, soaps, and detergents, etc. It is also the first pharmacy retailer in India to offer an omnichannel platform wherein customers can purchase products through stores, place orders over the telephone, online orders, and a Click and Pick facility.
As of June 31, 2021, the company has a strong pharmacy retail network of 2,165 stores across Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Odisha, West Bengal, and Maharashtra. In fiscal 2021, its share of the organized pharmacy retail based on revenue from operations in Chennai, Bangalore, Hyderabad, and Kolkata reported at 30%, 29%, 30%, and 22% respectively. It follows a cluster-based approach for store network expansion wherein it first opens high store density in a populated residential area within a target market. The company's warehouses are located in Bengaluru, Chennai, Hyderabad, Vijaywada, Kolkata, Pune, Bhubaneshwar, Mumbai, and Nagpur.
Competitive strengths
- Second largest pharmacy retailer company in India.
- Strong brand name and customer value proposition.
- Pharmacy retail outlet network of 2000+ stores in Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Odisha, West Bengal, and Maharashtra.
- First pharmacy retailer to provide Omni-channel platform to customers.
- Highly qualified, experienced, and professional management team.