Medplus Health Services was incorporated on November 30, 2006. The company 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.
| Bidding Dates |
|---|
| 13 Dec 2021 - 15 Dec 2021 |
| Subscription |
|---|
| 52.59x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,328 | 1 | 13 | 18 | 17.6 M | ₹780 - ₹796 | 85.28 % | ₹13701.9 M - ₹13983.0 M | RHP DOC |
Medplus Health IPO SUBSCRIPTION STATUS
15 Dec '21Medplus Health IPO overall subscription rate was 52.59 times the total available shares
Medplus Health IPO retail subscription rate was 5.24 times in the retail segment
Medplus Health IPO non-institutional investor subscription rate was 85.33 times in the non-institutional investor category
Medplus Health IPO Qualified Institutional Bidder subscription rate was 111.9 times the available shares for Qualified Institutional Bidder
Medplus Health IPO Employees subscription rate was 3.05 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 35% | 15% | 50% | - |
15 Dec 2021 (Day 3) | 5.24x | 85.33x | 111.9x | 3.05x |
13 Dec 2021 (Day 1) | 1.29x | 0.16x | 0.06x | 0.76x |
14 Dec 2021 (Day 2) | 2.64x | 0.5x | 0.09x | 1.73x |
Medplus Health FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| H1FY22 | 663.7 | 18,799.2 | 1,565.3 | 1,149.6 |
| H1FY21 | 222.7 | 14,625.6 | 55.8 | -40.5 |
| FY21 | 631.1 | 30,692.7 | 28.9 | -511.5 |
| FY20 | 17.9 | 28,706.0 | -65.9 | -366.7 |
| FY19 | 119.2 | 22,727.4 | 1,466.8 | 1,250.5 |
Medplus Health IPO SUBSCRIPTION STATUS DETAILS
Medplus Health had 17.6 M shares on offer
Medplus Health IPO offer price was in the range ₹780 - ₹796
Medplus Health IPO minimum Investment was ₹14328
Medplus Health IPO issue size was ₹ 13701.9 M - ₹ 13983.0 M
Medplus Health had a minimum lot size of 18 Shares per application
Medplus Health NUMBER OF SHARES ON OFFER
Medplus Health IPO IMPORTANT DATES
| Issue Open Date | 13 Dec 2021 |
| Issue close Date | 15 Dec 2021 |
| Allotment Date | 20 Dec 2021 |
| Refund Date | 21 Dec 2021 |
| Demat Account Credit Date | 22 Dec 2021 |
| Listing Date | 23 Dec 2021 |
| Listing on Exchange(s) | NSE and BSE |
| Medplus Health Allotment Status | Exchange |
Medplus Health IPO subscription opened on 13 Dec 2021, and closed on 15 Dec 2021
IPO allotment for Medplus Health was finalized on Monday, 20 Dec 2021
IPO listing for Medplus Health was on NSE and BSE on Thursday, 23 Dec 2021
Medplus Health IPO LISTING GAINS
| Issue Price (adjusted) | 796.0 |
| Listing Open Price | 1040.0 |
| Listing Close Price | 1121.2 |
| Listing Gain% | 30.6% |
| Current Gain% | -12.0% |
Medplus Health Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Medplus Health Services Ltd. | 700.2 | 8354.4 | 40 | 2.2 | 1.2 | 11.1 | 5.6 | 6963.8 | 12.6 | 219.6 | 46.1 | 17.5 | 18 |
| Poly Medicure Ltd. | 1693.8 | 17168.3 | 54.5 | -4.6 | 8.6 | 10.4 | 8.2 | 1995.3 | 13.4 | 322.1 | -4.8 | 31.1 | -11.9 |
| Q-Line Biotech Ltd. | 538.7 | 1256.7 | 22.6 | 22.6 | 10 | 347.4 | 7.7 | 55.7 | 98.1 | 23.9 | |||
| Laxmi Dental Ltd. | 216.1 | 1187.6 | 41 | -4.7 | 4.3 | 11.9 | 9.8 | 286.4 | 18.1 | 29 | -8.8 | 5.3 | -8.8 |
| Vasa Denticity Ltd. | 408.6 | 679.1 | 68.5 | -2.2 | 2.3 | 5.7 | 5 | 283.4 | 12.8 | 9.9 | -41.6 | 6 | -31.3 |
| Nureca Ltd. | 342.6 | 342.6 | 79 | 0 | 2.2 | 1.2 | 1.1 | 155.1 | 27 | 2.1 | 146.1 | 4.3 | 144666.7 |
Medplus Health INFORMATION ON IPO ISSUE
About Medplus Health
Medplus Health Services was incorporated on November 30, 2006. The company 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.
Object of the Issue
- Funding working capital requirement of the subsidiary, Optival
- General corporate purposes
Medplus Health - PROMOTERS
| Name |
|---|
| Gangadi Madhukar Reddy |
| Lone Furrow Investments Private Limited |
| Agilemed Investments Private Limited |
Medplus Health Book Running Lead Manager
Axis Capital Limited
medplus.ipo@axiscap.in
Credit Suisse Securities (India) Private Limited
list.medplusipo@creditsuisse.com
Edelweiss Financial Services Limited
medplus.ipo@edelweissfin.com
Nomura Financial Advisory and Securities (India) Private Limited
medplusipo@nomura.com
Medplus Health Registrar to the issue
Kfin Technologies Private Limited
medplus.ipo@kfintech.com
Medplus Health Strengths
India’s second largest pharmacy retailer
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, according to the Technopak Report
Established brand and value proposition to customers
“MedPlus” brand has a history and track record of over 15 years
Successful track record
The company has a successful track record of expansion using a distinct cluster-based and replicable store unit expansion approach
Medplus Health Risks
Pledged holdings
One of the Promoters, Lone Furrow Investments Private Limited, has pledged a portion of its shareholding with certain lenders under various loan and security agreements
Insurance coverage
The company's insurance coverage may not be adequate to protect it against all potential losses
IPO FAQs
This IPO consists of an offer for sale of up to Rs 798.3 crore, of 10,028,895 shares. It also consists of a fresh issue of Rs 600.0 crore.
The promoters of the company are Gangadi Madhukar Reddy, Lone Furrow Investments Private Limited and Agilemed Investments Private Limited.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 780.0 - 796.0.
The IPO application opens on Dec 13, 2021 and closes on Dec 15, 2021.
The minimum lot size for the IPO is 18. The maximum lot size for the IPO is 234.
For all category investors, the minimum application amount for this IPO is Rs. 14,328.0, the maximum value for this IPO is Rs 186,264.0.
This IPO will be allotted on Dec 20, 2021.
The refund will be credited to your account on Dec 21, 2021.
The allotted shares will be credited to your demat on Dec 22, 2021.
Medplus Health Services Ltd.’s shares listed on the stock exchanges on Dec 23, 2021.