MedPlus Health Services IPO: Check IPO Details, Date, Price | Espresso


MedPlus Health Services IPO – Dec 13 to 15

December 09, 2021
MedPlus Health Services IPO – Dec 13 to 15

MedPlus Health Services Limited is coming out with a fresh public issue to raise Rs 1,398.30 crores from the market.

Key details of the issue:

  • Issue opens – Dec 13 (Monday)
  • Issue closes – Dec 15 (Wednesday)
  • Issue size – Rs 1,398.30 crores
  • Price band – Rs 780 to 796 per equity share
  • Bid lot – 78 shares and in multiples thereof

And here are some details of the company and further details on the Metro Brands Ltd. issue.

Company details:

·        Medplus Health Services Limited (“Medplus”) was incorporated on November 30, 2006. Medplus is the 2nd 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 offers 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.

·        The company has maintained a strong focus on scaling up their store network, having grown from operating their initial 48 stores in Hyderabad at the conception of their business to operating India’s 2nd largest pharmacy retail network of over 2,000 stores distributed across Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Odisha, West Bengal and Maharashtra, as of March 31, 2021.

·        Medplus started actively focussing on online sales in the financial year 2020. As part of their focus on “speed” and “convenience” as a customer value proposition for customers who place an order online to receive delivery of their purchased products, they offer delivery for online purchases in the cities in which they have stores. They are now able to deliver their customers’ online purchases within 2 hours of purchase in select cities of Hyderabad, Bangalore, Kolkata, Pune and Nagpur.

Medplus employs a data analytics driven cluster-based approach to their store network expansion. Their cluster-based approach to store network expansion is also driven by their understanding of the catchment demographics, market dynamics, and their ability to support store expansion with back-end infrastructure, such as warehouses and distribution centres.

Also Read: Know about Pre-IPO investing

Issue size:

Rs 1,398.30 crores

Issue break-up:

  • QIB – 50% of the net offer – Rs 696.65 crores
  • NIB – 15% of the net offer – Rs 208.99 crores
  • RET – 35% of the net offer – Rs 487.65 crores




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