Metro Brands Limited IPO
December 10, 2021Data Patterns Limited IPO
December 12, 2021Medplus Health Services Limited IPO
Open: Dec 13, 2021 | Close: Dec 15, 2021
To open an account with Navjeevan, click here.
About the Business
Incorporated 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. It is also the first pharmacy retailer in India to offer an omnichannel platform wherein customers can purchase products through stores, place orders over the telephone, online orders, and a Click and Pick facility.
As of June 31, 2021, the company has a strong pharmacy 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 from operations in Chennai, Bangalore, Hyderabad, and Kolkata reported at 30%, 29%, 30%, and 22% respectively. It follows a cluster-based approach for store network expansion wherein it first opens high store density in a populated residential area within a target market. The company's warehouses are located in Bengaluru, Chennai, Hyderabad, Vijaywada, Kolkata, Pune, Bhubaneshwar, Mumbai, and Nagpur.
Funds from the fresh issue will be used for
The Company will utilize fresh issue proceeds for the following:
- Funding working capital requirement of subsidiary, Optival.
- General corporate purposes.
Company Financials: (in crores)
How to apply for an IPO/Buyback Online via Navjeevan?
- Step 1: Go to our website and select an IPO that you wish to apply for.
- Step 2: Log in your details (Non-Navjeevan Client can log in via their mobile number).
- Step 2: Enter the price at which you want to apply for shares and the number of lots and provide your UPI ID
- Step 4: Submit the application and then approve the block funds request on the UPI App.
- Step 5: Done
Open: December 13, 2021 | Close: December 15, 2021