The month of December 2021 is gearing up for an IPO Blast. Within a week’s time, a total of 7 IPOs were released, heating the market up with excitement. Releasing in the second week of December are some of the IPOs which include Rakesh Jhunjhunwala backed Metro Brands (Metro Shoes) Ltd, Map My India, HP Adhesive and more. Amongst this list of upcoming IPOs in 2021, stands Medplus Health Services Ltd, which we are going to discuss in this article. So, let’s learn more about the IPO below
- About the Company -
Founded in 2006, Medplus Health Services is India's second-largest pharmacy retailer in terms of the number of stores and revenue. The company offers pharmaceutical and wellness products i.e. medicines, vitamins, medical devices, test kits, and fast-moving consumer goods i.e. home and personal care products, baby care products, sanitizers, soaps, and detergents, etc.
As of June 31, 2021, the company has a retail network of 2,165 stores across Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Odisha, West Bengal, and Maharashtra. In fiscal 2021, its share of the organized pharmacy retail based on revenue reported at an aggregate of 28%. It is also India’s first pharmacy retailer to provide Omni-channel platform to customers.
- Medplus Health Services Ltd IPO details -
Let’s now move onto the main part of this article. Here, we’re going to be looking at some of the most important details of this upcoming IPO viz - Medplus Health Services Ltd IPO date and it’s share price.
- Medplus Health Services Ltd IPO date -
According to the Red Herring Prospectus filed by the company, the public issue of the equity shares is slated to go live from 13th December, 2021 and will be available for subscription until 15th December 2021
- Medplus Health Services Ltd IPO issue size -
The IPO will bring out a total offer for sale aggregating up to ₹1,398.30 crores.
- Medplus Health Services Ltd IPO share price
The price band of the company’s upcoming IPO is decided to be ₹780 to ₹796 per equity share
- Medplus Health Services Ltd IPO listing
Since the IPO of Medplus Health Services Ltd is from the mainboard, it would be listed on both - the National Stock Exchange (NSE) as well as the Bombay Stock Exchange (BSE)
- Medplus Health Services Ltd IPO objectives
The Company proposes to utilise the Net Proceeds towards funding of the following objects:
- Funding working capital requirements of the company’s Material Subsidiary, Optival; and
- General corporate purposes.
Conclusion
If you are excited about this upcoming IPO and want to invest in it, you will first need to have an online DEMAT Account of your own! And to get it for Free*, all you need to do is sign-up with Motilal Oswal.
If you already have an existing account, you can start your online trading and invest in the upcoming IPO's.
With a plethora of companies coming forward with their own IPOs in quick succession, you can keep a track of all the upcoming IPOs by regularly following our IPO calendar.