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MEDPLUSEQ / NSE, BSEListed

Medplus Health Services Limited

Medplus Health Services, incorporated in 2006, is India’s second-largest pharmacy retailer by store count and revenue, offering pharmaceutical and wellness products, including medicines, vitamins, medical devices, test kits, and FMCG items such as personal care, baby care, and hygiene products. It is the first pharmacy retailer in India to provide an omnichannel platform, allowing customers to purchase via stores, telephone, online, and Click and Pick services. As of June 30, 2021, Medplus operates 2,165 stores across Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Odisha, West Bengal, and Maharashtra, with a cluster-based expansion strategy targeting high-density residential areas. Its warehouses are strategically located in Bengaluru, Chennai, Hyderabad, Vijayawada, Kolkata, Pune, Bhubaneswar, Mumbai, and Nagpur, supporting efficient distribution and operations.

₹780 - ₹796Open
Listed Price1040.00
Listing Gain+30.65%
TimelineBookbuilding IPO
Open13 Dec 2021
Close15 Dec 2021
Allotment20 Dec 2021
Listing23 Dec 2021

Quota Reservation Portions

QIBPortion: 87,51,852 shares
49.8%
Nii (hni)Portion: 26,25,556 shares
14.94%
RetailPortion: 61,26,297 shares
34.86%
EmployeePortion: 69,637 shares
0.4%

Minimum Application Bracket Matrix

Retail1 lots / 18 shares
₹14,328
HNI14 lots / 252 shares
₹2,00,592
bHNI70 lots / 1,260 shares
₹10,02,960

About the Company

Medplus Health Services, incorporated in 2006, is India’s second-largest pharmacy retailer by store count and revenue, offering pharmaceutical and wellness products, including medicines, vitamins, medical devices, test kits, and FMCG items such as personal care, baby care, and hygiene products. It is the first pharmacy retailer in India to provide an omnichannel platform, allowing customers to purchase via stores, telephone, online, and Click and Pick services. As of June 30, 2021, Medplus operates 2,165 stores across Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Odisha, West Bengal, and Maharashtra, with a cluster-based expansion strategy targeting high-density residential areas. Its warehouses are strategically located in Bengaluru, Chennai, Hyderabad, Vijayawada, Kolkata, Pune, Bhubaneswar, Mumbai, and Nagpur, supporting efficient distribution and operations.

Company Promoters

Gangadi Madhukar ReddyLone Furrow Investments Private LimitedAgilemed Investments Private Limited