Finally, MedPlus Health Corporation has announced to Issue IPO shares in the share market on December 13, 2021, and will close on December 15, 2021. Today, we are here to give you a review and the important details about the Company lot size, price, and what are the extra benefits they will offer for retail investors. As per the sources, Medplus Health IPO is going to raise around ₹1398 crores through IPO and issue fresh equity shares of ₹600 crores and offer for sale up to ₹798 crores of ₹2 each.
Through which they will give benefit for the retail investor of 35%, QIB is 50% and for HNI is 15%. Let’s discuss the company’s strengths and history.
Medplus Health IPO Review & All Details
MedPlus Health Services Limites is counted as one of the largest pharmacy retailers in India as per the record of 2021 data. In 2006 the company was established.
The company mainly deal with pharmaceutical and wellness products that include medicine, vitamins, medical devices, and test kits also deal with consumer good that includes home and personal care products as well toiletries, baby care products, soaps, detergents, and medicines.
MedPlus is one of the leading pharmacy chains in India and has been operating in more than 300 cities as well as 1500+ offline stores in India. Check out the MedPlus IPO details that we have mentioned below.
Medplus Health IPO Date & Price Band
| IPO Opening Date | Dec 13, 2021 |
| IPO Closing Date | Dec 15, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹2 per equity share |
| IPO Price | ₹780 to ₹796 per equity share |
| Market Lot | 18 Shares |
| Min Order Quantity | 18 Shares |
| Listing At | BSE, NSE |
| Issue Size | [.] Eq Shares of ₹2 (aggregating up to ₹1,398.30 Cr) |
| Fresh Issue | [.] Eq Shares of ₹2 (aggregating up to ₹600.00 Cr) |
| Offer for Sale | [.] Eq Shares of ₹2 (aggregating up to ₹798.30 Cr) |
| Employee Discount | 78 |
| QIB Shares Offered | 50% of the net offer |
| Retail Shares Offered | 35% of the net offer |
| NII (HNI) Shares Offered | 15% of the net offer |
Medplus Health IPO Market Lot Size & Price Band
The Medplus Health IPO market lot size is 18 shares. A retail-individual investor can apply for up to 13 lots (234 shares or ₹186,264).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 18 | ₹14,328 |
| Maximum | 13 | 234 | ₹186,264 |
Medplus Health IPO Date, Time Table, Allotment & Listing
The Medplus Health IPO open date is Dec 13, 2021, and the close date is Dec 15, 2021. The issue may list on Dec 23, 2021.
| IPO Open Date | Dec 13, 2021 |
| IPO Close Date | Dec 15, 2021 |
| Basis of Allotment Date | Dec 20, 2021 |
| Initiation of Refunds | Dec 21, 2021 |
| Credit of Shares to Demat Account | Dec 22, 2021 |
| IPO Listing Date | Dec 23, 2021 |
Medplus Company Financial Report
| ₹ in crores | |||
| Income | Expense | Profit After Tax | |
| 2019 | ₹2285 | ₹2262 | ₹11.92 |
| 2020 | ₹2888 | ₹2859 | ₹1.79 |
| 2021 | ₹3091 | ₹2996 | ₹63.11 |
Conclusion
As per the company IPO structure, The company disappoints in the financial year of 2020. However, we have seen how they have been boosting their earning and made an impressive profit margin for the investor.
Their Aggressive price might be a concern. But Apart from that, we think that it might be beneficial if the investors who are seeking for a long time investment.
So, we hope you have got all the necessities that we have discussed yet. For more company’s IPO reviews and updates keep following us on All Social Updates.