MedPlus IPO GMP, Price, Date, Allotment

Medplus IPO GMP

MedPlus IPO description – The company was founded in 2006 by Gangadi Madhukar Reddy and now it’s second largest pharmacy retailer in India, in terms of revenue and number of stores as of 31 March 2021. The company’s products range includes (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 a retail network of over 2,000 stores distributed across Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Odisha, West Bengal and Maharashtra, as of 31 March 2021. Its share of the organized pharmacy retail market, based on revenue from operations, in Chennai, Bangalore, Hyderabad and Kolkata stood at approximately 30%, 29%, 30% and 22%, respectively in FY2021.

For FY2021, its average revenue per store was approximately INR15.9 million, as compared to the average revenue per store in the domestic pharmacy retail industry of approximately INR2.3 million.

As of 30 September 2021, its mature stores had a median payback period of less than 3 years and demonstrated a compounded average same store sales growth of 8.3% on MRP from FY2019 to FY2021. For the FY2021 and the six months ended 30 September 2021, its Store Level Operating EBITDA Margin for mature stores was 11.0% and 11.58%, respectively, and its Store Level Operating ROCE for Mature Stores for the financial year 2021 was over 60%.

Promoters of MedPlus Health– Gangadi Madhukar Reddy, Lone Furrow Investments Private Limited and Agilemed Investments Private Limited

MedPlus IPO Details

Subscription Dates13 – 15 December 2021
Price BandINR780 – 796 per share
(employee discount – INR78 per share)
Fresh issueINR600 crore
Offer For SaleINR798.3 crore
Total IPO sizeINR1,398.3 crore
Minimum bid (lot size)18 shares
Face Value INR 2 per share
Retail Allocation35%
Listing OnNSE, BSE

MedPlus Health’s Financial Performance

 FY2019FY2020FY2021H1 FY2022
Net income10.5(0.5)64.168.2
Margin (%)0.5(0.02)2.13.6
Figures in INR crore unless specified otherwise

MedPlus IPO News

MedPlus Valuations & Margins

PE ratio132.65 – 135.37
RONW (%)4.090.418.74
ROCE (%) 19.8726.08
EBITDA (%)5.785.267.76
Debt/Equity0.04 0.02 0.21

MedPlus IPO GMP Daily Trend

DateMedPlus IPO GMPKostakSubject to Sauda
22 Dec 2021 INR150INR350INR2,500
21 Dec 2021 INR150INR350INR2,500
20 Dec 2021 INR160INR350INR2,800
18 Dec 2021 INR200INR400INR3,000
17 Dec 2021 INR220INR400INR3,000
16 Dec 2021 INR200INR380INR2,800
15 Dec 2021 INR200INR400INR3,000
14 Dec 2021 INR250INR400INR3,200
13 Dec 2021 INR300INR420INR3,600
11 Dec 2021 INR320INR450INR3,900
10 Dec 2021 INR300INR400INR3,700
9 Dec 2021 INR280INR400INR3,500
8 Dec 2021INR300INR400INR3,000

MedPlus IPO Subscription – Live Updates

CategoryShares OfferedDay 1Day 2Day 3
Subscription figures in number of times, at 5 PM

MedPlus Health IPO Reviews – Subscribe or Avoid?

Angel One – Subscribe
Anand Rathi –
Antique Stock Broking –
Arihant Capital –
Ashika Research – Not rated
Asit C Mehta –
BP Wealth – Subscribe
Canara Bank Securities – Avoid
Choice Broking – Subscribe
Elite Wealth – Subscribe
GEPL Capital – Subscribe
Hem Securities – Subscribe
ICICIdirect – Subscribe
KR Choksey – Subscribe
Marwadi Financial Services – Subscribe
Motilal Oswal –
Nirmal Bang – Subscribe for long term
Prabhudas Lilladher – Subscribe
Religare Broking –
Samco Securities – Subscribe for long term
SMC Global – 2.5/5
Ventura Securities – Subscribe

MedPlus Health Offer Registrar

KFin Technologies Private Limited
Selenium Tower B,
Plot No- 31 and 32, Financial District,
Nanakramguda, Serilingampally,
Hyderabad, Rangareedi 500 032,
Telangana, India
Phone: +91 40 6716 2222
Email: [email protected]

MedPlus Health Contact Details

MedPlus Health Services Limited
Municipal No: 11-6-56,
Survey No. 257 & 258/1,
C Block, III Floor,
Opp: Railway Siding (Moosapet),
Kukatpally, Hyderabad 500 037,
Telangana, India;
Phone: +91 040 6724 6724;
Email: [email protected]

MedPlus IPO Allotment Status

MedPlus Health IPO allotment is now available on KFin Technologies’ website. Click on this link to get allotment status.

MedPlus IPO Timetable

IPO Opening Date 13 December 2021
IPO Closing Date 15 December 2021
Finalisation of Basis of Allotment 20 December 2021
Initiation of refunds 21 December 2021
Transfer of shares to demat accounts 22 December 2021
Listing Date 23 December 2021
Opening Price on NSE INR1,040 per share (up 30.65% from IPO price)
Closing Price on NSE INR1,120 per share (up 40.7% from IPO price)

MedPlus IPO FAQs

How many shares in MedPlus IPO are reserved for HNIs and retail investors?

The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.

How to apply in MedPlus Health Public Offer?

The best way to apply in MedPlus Health IPO is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.

What is MedPlus IPO GMP today?

MedPlus Health IPO GMP today is INR150 per share.

What is MedPlus IPO kostak rate today?

MedPlus Health IPO kostak rate today is INR350 per application.

What is MedPlus Health Subject to Sauda rate today?

MedPlus Health Subject to Sauda rate today is INR2,500 per application.


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