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?
List of Topic Covered
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 Date | 13 December 2021 |
| IPO Close Date | 15 December 2021 |
| Share Allotment Date | 20 December 2021 |
| Refunds Date | 21 December 2021 |
| Credit to Demat Account Date | 22 December 2021 |
| IPO Listing Date | 23 December 2021 |
| Fresh Equity Share Issue | Approx ₹ 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 Share | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Listing on | NSE & BSE |
| Minimum Lot Size | 30 Share in 1 Lot |
| Minimum Amount | ₹ 15,000 For 1 Lot |
| Maximum Lot Size | 390 Shares (13 Lot) |
| Maximum Amount | ₹ 1,95,000 (For 13 Lot) |
| Employee Discount | NA |
| DRHP | View |
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.
| Year | Revenue | Expense | PAT (Profit After Tax) |
| 2021 | ₹ 3091 | ₹ 2996 | ₹ 63.11 |
| 2020 | ₹ 2888 | ₹ 2859 | ₹ 1.79 |
| 2019 | ₹ 2285 | ₹ 2262 | ₹ 11.92 |
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: cs@medplusindia.com
- Website: http://www.medplusindia.com/
MedPlus Health IPO Registrar Contact Information
KFintech Private Limited
- Phone: 04067162222, 04079611000
- Email: medplus.ipo@kfintech.com
- Website: https://karisma.kfintech.com/
For any further information, please write in the comment box and we will get back to you shortly.
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