MedPlus IPO Detail Information

IPO Details  GMP Dates Subscription Status Allotment Status

MedPlus IPOMedPlus IPO: MedPlus Health Services Limited was founded in 2006 by Gangadi Madhukar Reddy, company’s Managing Director and Chief Executive Officer, with the vision to set up a trusted pharmacy retail brand that offers genuine medicines and delivers better value to the customer by reducing inefficiencies in the supply chain using technology.

MedPlus are the second largest pharmacy retailer in India, in terms of (i) revenue from operations for the financial year 2021, and (ii) number of stores as of March 31, 2021. MedPlus offer a wide range of products, including (i) pharmaceutical and wellness products, including medicines, vitamins, medical devices and test kits, and (ii) fast-moving consumer goods, such as home and personal care products, including toiletries, baby care products, soaps and detergents, and sanitizers.

MedPlus Competitive Strengths:

  • India’s Second Largest Pharmacy retailer
  • Established Brand and Value Proposition to Customers
  • Successful Track Record of Expansion Using a Distinct Cluster-based and Replicable Store Unit Expansion Approach
  • High Density Store Network Enhancing Omni-channel Proposition
  • Lean Cost Structure and Technology Driven Operations
  • Well Qualified, Experienced and Entrepreneurial Board and Senior Management Team

Names of Promoters:

  • Gangadi Madhukar Reddy
  • Lone Furrow Investments Private Limited
  • Agilemed Investments Private Limited

MedPlus Company Financials:

The following table will provide a Summary of consolidated financial information.

ParticularsAs of and for the Fiscal ended (in ₹ million)
March 31, 2021March 31, 2020 March 31, 2019
Total Assets 15,656.5813,486.969,587.11
Total Liabilities8,345.548,195.946,673.59
Total Revenue 30,692.6928,706.0322,727.37
Profit After Tax 626.6617.94119.23
Total borrowings 1,352.351,050.511,044.02

MedPlus IPO Details:

IPO Opening DateTo Be Announced
IPO Closing Date To Be Announced
Issue Sizeaggregating up to ₹1,638.71 Cr
Fresh Issueaggregating up to ₹600 Cr
Offer for Sale aggregating up to ₹1,038.71 Cr
Issue Type Book Built Issue IPO
Face Value ₹2 per equity share
Price Band₹. to ₹. per equity share
Market Lot NA
Min Order Quantity NA
Listing at ExchangesBSE & NSE

Objects of the Issue:

  • Funding working capital requirements of our Material Subsidiary, Optival
  • General corporate purposes

MedPlus IPO Time Table:

IPO Open Date To Be Announced
IPO Close Date To Be Announced
Basis of Allotment Date To Be Announced
Initiation of Refunds To Be Announced
Credit of Shares to Demat Account To Be Announced
IPO Listing Date To Be Announced

MedPlus IPO Lot Size:

The market lot size is _ shares. A retail-individual investor can apply for up to _ lots (_ shares or ₹_).

 LotsSharesAmount (Cut-off)
MinimumNANANA
MaximumNANANA

MedPlus IPO Subscription status:

CategoryShares Offered Percentage (%)Subscription (times)
Qualified Institutional Buyers (QIB)
--NA
Non Institutional Investors (NII)
--NA
Retail Individual Investors (RII)
--NA
Employee --NA
Total --NA

MedPlus Board of Directors:

NameDesignation
Gangadi Madhukar ReddyManaging Director and Chief Executive Officer
Anish Kumar SarafNon-Executive Director
Atul Gupta Non-Executive Director
Murali Sivaraman Non-Executive Independent Director
Madhavan GanesanNon-Executive Independent Director
Hiroo MirchandanNon-Executive Independent Director

IPO Prospectus:

Download MedPlus IPO DRHP

IPO Registrar:

KFin Technologies Private Limited
Selenium, Tower B, Plot No- 31 and 32,
Financial District, Nanakramguda,
Serilingampally, Hyderabad, Rangareedi 500 032,
Telangana, India
Tel: +91 40 6716 2222/ 180034 54001
E-mail: medplus.ipo@kfintech.com
Investor grievance e-mail:
einward.ris@kfintech.com
Website: www.kfintech.com
Contact person: M Murali Krishna
SEBI Registration No.: INR000000221

IPO Lead Managers:

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

Registered and Corporate Office:

Registered Office: 707, 7th Floor, 5-9-13, Taramandal Commercial Complex, Saifabad, Hyderabad 500 004, Telangana, India; Tel: +91 040 6724 6724;
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 6724 6724;
Website: www.medplusindia.com;
Contact Person: Parag Jain, Company Secretary and Compliance Officer;
E-mail: cs@medplusindia.com;
Corporate Identity Number: U85110TG2006PLC051845

IPO Details  GMP Dates Subscription Status Allotment Status