MedPlus IPO is to hit the market on December 13 and will close on December 15. MedPlus IPO to raise around ₹1398 crores via IPO that comprises fresh issue of ₹600 crores and offer for sale up to ₹798 crores of ₹2 each. The retail quota is 35% while QIB is 50% and HNI is 15%.
MedPlus Health Services Limited is one of the largest pharmacy retailers in India as per the 2021 data. The company was founded in 2006 based in Hyderabad. They offer products pharmaceutical and wellness products that include medicines, vitamins, medical devices, and test kits, and fast-moving consumer goods that include home and personal care products, including toiletries, baby care products, soaps and detergents, and sanitizers. MedPlus is providing genuine and unadulterated medicines. They are one of the largest pharmacy chains in India with operating in 300+ cities, with 1500+ offline stores in India. Check out MedPlus IPO details.
Important Details:
- 2nd largest pharmacy retailer in India.
- One of the most trusted gateways to medicines and general provision.
- 300+ cities, with 1500+ offline stores in India.
- The offer includes Employee reservations as well.
- Selling their products via online and offline platforms.
- The company reported a huge profit of 63 crores in 2021 against 1.79 crores in 2020.
- The revenues increase YOY look strong in the financials.
MedPlus IPO Review
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MedPlus IPO Date & Price Band
| IPO Open: | 13 December 2021 |
| IPO Close: | 15 December 2021 |
| IPO Size: | Approx ₹1398 Crores |
| Fresh Issue: | Approx ₹600 Crores |
| Offer for Sale: | Approx ₹798 Crores |
| Face Value: | ₹2 Per Equity Share |
| Price Band: | ₹780 to ₹796 Per Share |
| Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | ₹78 for Employees |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
MedPlus IPO Market Lot
The MedPlus IPO minimum market lot is 18 shares with ₹14,328 application amount. The retail investors can apply up-to 13 lots, 234 shares with ₹186,264 application amount.
| Minimum Lot Size: | Minimum 18 Shares for 1 lot |
| Minimum Amount: | ₹14,328 for 1 lot |
| Maximum Lot Size: | Maximum 234 Shares for 13 lot |
| Maximum Amount: | ₹186,264 for 13 lot |
MedPlus IPO Date, Time Table, Allotment & Listing
The MedPlus IPO date is 13 December 2021 and the IPO close date is 15 December 2021. The allotment date is 20 December 2021 and the IPO may list on 23 December 2021.
| Price Band Announcement: | 07 December 2021 |
| Anchor Investors Allotment: | 12 December 2021 |
| IPO Open Date: | 13 December 2021 |
| IPO Close Date: | 15 December 2021 |
| Basis of Allotment: | 20 December 2021 |
| Refunds: | 21 December 2021 |
| Credit to Demat Account: | 22 December 2021 |
| IPO Listing Date: | 23 December 2021 |
MedPlus IPO Form
How to apply the MedPlus IPO? You can apply MedPlus IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the MedPlus IPO in the Invest section. The other option you can apply MedPlus IPO via IPO forms download via NSE and BSE. Check out the MedPlus forms – click NSE Forms & BSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
MedPlus Company Financial Report
| ₹ in Crores | |||||
| Income | Expense | PAT |
|||
| 2019 | ₹2285 | ₹2262 | ₹11.92 | ||
| 2020 | ₹2888 | ₹2859 | ₹1.79 | ||
| 2021 |
₹3091 | ₹2996 | ₹63.11 | ||
Company Promoters
- GANGADI MADHUKAR REDDY
- LONE FURROW INVESTMENTS PRIVATE LIMITED
- AGILEMED INVESTMENTS PRIVATE LIMITED
MedPlus IPO Registrar
KFin Technologies Private Limited
Selenium, Tower B, Plot No-31 and 32,
Financial District, Nanakramguda,
Serilingampally, Hyderabad,
Rangareedi 500 032, Telangana
Tel:+91 40 6716 2222/ 180034 54001
E-mail:[email protected]
Investor grievance e-mail: [email protected]
Website: www.kfintech.com
Contact person: M Murali Krishna
SEBI Registration No.:INR000000221BID
Note: Check Tega Industries IPO allotment status on KFintech website allotment URL. Click Here
MedPlus IPO Lead Managers
- Axis Capital Limited
- Credit Suisse Securities (India) Private Limited
- Edelweiss Financial Services Limited
- Nomura Financial Advisory and Securities (India) Private Limited
Company Address
MedPlus Health Services Limited
Registered Office: 707, 7th Floor,
5-9-13, Taramandal Commercial Complex,
Saifabad, Hyderabad 500 004,
Telangana, India
Tel: +91 04067246724
Corporate Office: Municipal No: 11-6-56,
Survey No. 257& 258/1,
C Block, III Floor,
Opp: Railway Siding (Moosapet),
Kukatpally, Hyderabad 500 037,
Telangana, India
Tel: +91 040 67246724
Website: www.medplusindia.com
Contact Person: Parag Jain
Company Secretary and Compliance Officer
E-mail:[email protected]
Corporate Identity Number: U85110TG2006PLC051845
MedPlus IPO FAQs
What is MedPlus IPO?
MedPlus IPO is a main-board IPO. They are going to raise ₹1398 Crores via IPO. The issue is priced at ₹780 to ₹796 per equity share. The IPO is to be listed on BSE & NSE.
When MedPlus IPO will open?
The IPO is to open on 13 December 2021 for QIB, NII, and Retail Investors.
What is MedPlus IPO Investors Portion?
The investors’ portion for QIB 50%, NII 15%, and Retail 35%.
How to Apply the MedPlus IPO?
You can apply MedPlus IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the MedPlus IPO through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “MedPlus”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
How to Apply the MedPlus IPO through Upstox?
Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “MedPlus”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate. Open Demat Account with Upstox.
What is MedPlus IPO Size?
MedPlus IPO size is ₹1398 crores. The IPO comprises ₹600 crores fresh issue and offers for sale of ₹798 crores.
What is MedPlus IPO Price Band?
MedPlus IPO Price Band is ₹780 to ₹796 per equity share.
What is MedPlus IPO Minimum and Maximum Lot Size?
The minimum bid is 18 Shares with ₹14,328 amount while the maximum bid is 234 shares with ₹186,264.
What is MedPlus IPO Allotment Date?
MedPlus IPO allotment date is 20 December 2021.
What is MedPlus IPO Listing Date?
MedPlus IPO listing date is 23 December 2021. The IPO to list on BSE and NSE.
Note: The MedPlus IPO final details are officially announced. The IPO grey market premium (MedPlus IPO Premium) is updated on their particular page. You can check our IPO grey market page for daily updates.)
