MedPlus Health IPO Review, Date, GMP, Price, Lot Size, Apply

MedPlus Health Services Limited IPO will open on 13th December 2021. Founded in 2006, Medplus is a trusted pharmacy retail brand that offers genuine medicines and delivers better value to the customer using technology. In this article we will do a complete review on Medplus Health and see if you should subscribe for this issue or not?

MedPlus Health IPO Review - Paisakaudi
MedPlus Health IPO Review – Paisakaudi

Key Features of MedPlus Health IPO

  • MedPlus Health IPO will open on 13th Dec 2021
  • You can apply in this IPO from 13th Dec 2021 to 15th Dec 2021
  • Issue Price band of the company is ₹ 780 – ₹ 796 per equity share.
  • This IPO comprises fresh issue of equity shares worth ₹ 600 crores and offer for sale (OFS) of equity shares worth ₹ 798 crores by promoters and existing shareholders.
  • It has a minimum 18 shares in one lot and you have to spend a minimum ₹14,328 for 1 lot.
  • MedPlus Health Services is looking to raise ₹ 1398 crores through this IPO.

What is MedPlus Health Services Ltd

  • Started operations in 2006, MedPlus health is one of the trusted pharmacy retail brand.
  • Medplus operations include the manufacturing and contract manufacturing of private label pharmaceutical, wellness and FMCG products, wholesale and retail sale, import, distribution, and pathology diagnostic laboratory testing.
  • They offer genuine medicines by reducing inefficiencies in the supply chain using technology.
  • They operate 2,165 stores in 242 cities distributed across Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Odisha, West Bengal and Maharashtra.
  • Their investors are Marquee investors, Lavender Rose belonging to the Warburg Pincus group, and affiliates of Premji Invest
  • Mr.Gangadi Madhukar Reddy is the MD and CEO of the company.
  • On the revenue front, the company is consistently in profit for the last three years which is a positive sign for the investors.

Grey Market Premium of MedPlus Health IPO GMP

Grey market is an unregulated market to trade ipo shares before listing. MedPlus Health IPO price band is placed at ₹ 780 – ₹ 796 but the grey market premium of this share is currently 38 % up i.e. at ₹ 300. So the share price of MedPlus IPO in the grey market is ₹ 1096 (796 +300).

MedPlus Health Live Subscription Status

Data coming soon.

MedPlus Health IPO Conditions to know before Investing, Date, Lot Size, Allotment

IPO Start Date13 December 2021
IPO Close Date15 December 2021
Share Allotment Date20 December 2021
Refunds Date21 December 2021
Credit to Demat Account Date22 December 2021
IPO Listing Date23 December 2021
Fresh Equity Share IssueApprox ₹ 600 crores
Offer For Sale (OFS) Equity Share Approx ₹ 798 crores
Face Value₹ 2 Per Equity Share
Price Band₹ 780 – ₹ 796 Per Equity Share
Retail Quota Share35%
QIB Quota50%
NII Quota15%
Listing onNSE & BSE
Minimum Lot Size30 Share in 1 Lot
Minimum Amount₹ 15,000 For 1 Lot
Maximum Lot Size390 Shares (13 Lot)
Maximum Amount₹ 1,95,000 (For 13 Lot)
Employee Discount NA
MedPlus Health IPO – Key points to know before investing

MedPlus Health IPO Financial Report of 2019,2020 & 2021

Company is consistently making profit for the last three years which is a positive sign for the investors.

YearRevenueExpensePAT (Profit After Tax)
2021₹ 3091₹ 2996 ₹ 63.11
2020₹ 2888₹ 2859 ₹ 1.79
2019₹ 2285₹ 2262 ₹ 11.92
MedPlus Health Revenue Report (Figures are in Crores) – Paisakaudi

Retail Investors, QIB & NII quota in MedPlus Health IPO

MedPlus Health IPO’s 50% quota is reserved for the QIB category. 15% quota is reserved for NII Category and 35% quota is reserved for retail investors.

How to Apply in MedPlus Health IPO

  • You can apply for the MedPlus Health IPO through the ASBA facility available in your bank account.
  • Just login to your online banking. GO to the IPO section and apply for MedPlus Health IPO
  • Also you can apply this IPO through your trading account
  • One more way to apply in this IPO is through forms which you can download from NSE and BSE website.
  • After downloading forms, fill it properly and submit it to the respective banks or to your broker.

How to apply for the Medplus Health IPO through Zerodha?

  • Login to your console in Zerodha through desktop or app.
  • Then go to your portfolio and click on IPO.
  • You will see MedPlus Health IPO
  • Then click on the bid button.
  • After this enter your UPI ID, price and quantity (lot size)
  • Click the submit button.
  • At last you have to go to your UPI app to approve the mandate.

How to apply for the Medplus Health IPO through Upstox?

  • Login to your Upstox account through desktop or app.
  • You will see the name Medplus Health IPO
  • Then hit the bid button.
  • Click the submit button.
  • At last you have to go to your UPI app to approve the mandate.

Allotment Status For Medplus Health IPO

You can check Medplus Health IPO allotment status on Registrar and Transfer Agent Website

Also you can check the allotment status on NSE Website

MedPlus Health IPO Promoters

  • Gangadi Madhukar Reddy
  • Lone Furrow Investments Pvt Ltd
  • Agilemed Investments Pvt Ltd

MedPlus Health IPO Lead Managers

  • Axis Capital Limited
  • Credit Suisse Securities (India) Private Limited
  • Edelweiss Financial Services Ltd
  • Nomura Financial Advisory And Securities (India) Pvt Ltd

MedPlus Health IPO contact information

Medplus Health Services Limited

707, 7th Floor, 5-9-13,
Taramandal Commercial Complex, Saifabad
Hyderabad 500 004

  • Phone: +91 040 6724 6724
  • Email:
  • Website:

MedPlus Health IPO Registrar Contact Information

KFintech Private Limited

  • Phone: 04067162222, 04079611000
  • Email:
  • Website:

For any further information, please write in the comment box and we will get back to you shortly.

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