BSE & NSE
13 Dec - 15 Dec '21
₹780 - ₹796
MedPlus Health Services is best known as the pharmacy retailer and it is the second largest in the market. The company offers different kinds of pharmaceutical as well as wellness products including medicines, test kits, medical devices, home and personal care products, baby care products, etc. MedPlus Health is renowned as the first ever pharmacy retailer to introduce an omnichannel mode that promoted online and offline platforms for customers. Their retail pharmacy network spreads over more than 6 states and has around 2,165 stores. They follow a cluster-based approach for the expansion of the store network.
MedPlus Health has very distinctive qualities and here are some reasons why you should not miss a chance to invest in MedPlus Health IPO.
Pharmacy retailer company standing in the second-largest position in India.
A well known trustworthy brand and customer value proposition.
The omnichannel mode of service that promotes store shopping and door delivery
High-density supply chain and over 2000 retail outlets in 7 states.
Proven track record performance with a distinct cluster based store expansion strategy.
The total assets, revenues, and profits of MedPlus Health during the last three years are shown below.
Here are some of the relevant events and the important MedPlus Health IPO dates.
There are no publicly traded companies in India with such a wide range of medical and wellness products and services that could give competition to MedPlus Health. Their strategic scale of operations supported by a knowledgeable and well-experienced team of professionals is incomparable.
Due to COVID-19, changes may be reflected in the prescription medicine price and commercial terms. This may affect MedPlus Health’s business. There are ongoing legal procedures on the company and all external sources associated with the company are involved in it. In case of any negative outcome from these legal processes, it could have a negative impact on the company.
As the whole world is facing the pandemic, pharmacy retail outlets are the few stores that found sales opportunities. This is reflected in MedPlus Health’s business too. Their regional trends and the market dynamics knowledge, along with their ability to facilitate store development with well-equipped warehouses and distribution centres, can contribute to expanding their retail network in the coming years.
Anything affecting the Indian pharmaceutical sector can affect MedPlus Health’s business. They depend on the use of prescription medications, and their brand name or generic drugs. Any negative impact on them could reflect in their sales and margins which may lose them money. They have a history of engagement in related party transactions and this could repeat in the future.
One of the largest companies in the pharmacy retailer market in India.
A popular and prominent brand name with a retail outlet network of 2,165 stores in Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Odisha, Maharashtra and West Bengal.
Pioneer in introducing omni-channel platform to customers among pharmacy retailers.
Technology-driven processes and a distinct cluster-based expansion strategy for stores.
A lean pricing framework and a successful performance track record.
Innovative and qualified management with well-experienced professionals.
You can apply for the Medplus Health Services Ltd. IPO in these ways:
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.
1. If you are an Existing TradeSmart demat account holder and wish to apply for an Medplus Health Services Ltd. click here.
2. If you don't have a TradeSmart Account? Sign up.
What are the MedPlus Health IPO dates?
The MedPlus Health IPO will be open for public subscription on December 13th and closes on December 15th, 2021.
What is the Lot Size of the MedPlus Health IPO?
The IPO lot size is 18 shares, which means that investors must submit a minimum order quantity of 18 shares to participate.
What is the MedPlus Health IPO price?
The MedPlus Health IPO price is ₹780 to ₹796 per equity share.
Who is the Registrar for the MedPlus Health IPO?
The MedPlus Health IPO’s registrar is KFintech Private Limited.
What is the IPO Allotment Date for MedPlus Health?
The Basis of Allotment date for MedPlus Health IPO is on Dec 20, 2021.
Where will be the MedPlus Health IPO listed?
The MedPlus Health IPO will be listed in both BSE and NSE on Dec 23, 2021.