Bookbuilding IPO | ₹1,398 Cr | Listed at BSE, NSE | Mon, Dec 13, 2021 - Wed, Dec 15, 2021
Medplus Health IPO is a book build issue of ₹1,398.29 crores. The issue is a combination of fresh issue of 0.75 crore shares aggregating to ₹600.31 crores and offer for sale of 1.00 crore shares aggregating to ₹797.98 crores.
Medplus Health IPO bidding started from Dec 13, 2021 and ended on Dec 15, 2021. The allotment for Medplus Health IPO was finalized on Dec 20, 2021. The shares got listed on BSE, NSE on Dec 23, 2021.
Medplus Health IPO price band is set at ₹796 per share. The lot size for an application is 18. The minimum amount of investment required by an retail is ₹14,328 (18 shares) (based on upper price). The lot size investment for sNII is 14 lots (252 shares), amounting to ₹2,00,592, and for bNII, it is 70 lots (1,260 shares), amounting to ₹10,02,960.
The issue includes a reservation of up to 69,637 shares for employees offered at a discount of ₹78.00 to the issue price.
Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Medplus Health IPO RHP for detailed Information.
IPO Open
Mon, Dec 13, 2021
IPO Close
Wed, Dec 15, 2021
Issue Price
₹796 per share
Market Cap (Pre-IPO)
₹9,496.73 Cr
| IPO Date | 13 to 15 Dec, 2021 |
| Listed on | Thu, Dec 23, 2021 |
| Face Value | ₹2 per share |
| Price Band | ₹780 to ₹796 |
| Issue Price | ₹796 per share |
| Lot Size | 18 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹78.00 |
| Total Issue Size | 1,75,73,342 shares (agg. up to ₹1,398 Cr) |
| Fresh Issue | 75,44,511 shares (agg. up to ₹600 Cr) |
| Offer for Sale | 1,00,28,831 shares of ₹2 (agg. up to ₹798 Cr) |
| Share Holding Pre Issue | 11,17,61,165 shares |
| Share Holding Post Issue | 11,93,05,676 shares |
| BSE Script Code / NSE Symbol | 543427 / MEDPLUS |
| ISIN | INE804L01022 |
Medplus Health IPO comprises a total issue size of 1,75,73,342 shares. The net offer to the public is 1,75,03,705 shares, after excluding 69,637 shares under a preferential allotment. Of the Net offer 87,51,852 (50.00%) are allocated to QIB, 26,25,556 (15.00%) allocated to NII 61,26,297 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 87,51,852 | 50.00% | 49.80% | NA |
| − Anchor Investor Shares Offered | 52,51,111 | 29.88% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 35,00,741 | 19.92% | NA | |
| NII (HNI) Shares Offered | 26,25,556 | 15.00% | 14.94% | NA |
| Retail Shares Offered | 61,26,297 | 35.00% | 34.86% | 3,40,349 |
| Preferential Reservations | ||||
| Employee Shares Offered | 69,637 | 0.40% | NA | |
| Total Shares Offered | 1,75,73,342 | 100.00% | 100.00% | |
Investors can bid for a minimum of 18 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 18 | ₹14,328 |
| Retail (Max) | 13 | 234 | ₹1,86,264 |
| S-HNI (Min) | 14 | 252 | ₹2,00,592 |
| S-HNI (Max) | 69 | 1,242 | ₹9,88,632 |
| B-HNI (Min) | 70 | 1,260 | ₹10,02,960 |
Medplus Health IPO raises ₹417.99 crore from anchor investors. Medplus Health IPO Anchor bid date is December 10, 2021.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Dec 10, 2021 |
| Shares Offered | 52,51,111 |
| Anchor Portion (₹ Cr.) | 417.99 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Jan 19, 2022 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Mar 20, 2022 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
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.
Competitive strengths
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment into our Material Subsidiary, Optival for funding working capital requirements of Optival | 467.17 |
| 2 | General corporate purposes | 105.57 |
The Medplus Health IPO is subscribed 52.59 times on December 15, 2021 5:01:00 PM (Day 3). The public issue subscribed 5.24 times in the retail category, 111.9 times in the QIB category, and 85.33 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 111.9 | 35,72,550 | 39,97,61,316 |
| NII | 85.33 | 26,79,414 | 22,86,43,524 |
| Retail | 5.24 | 62,51,965 | 3,27,44,898 |
| Employee | 3.05 | 71,225 | 2,17,530 |
| Total | 52.59 | 1,25,75,154 | 66,13,67,268 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Managers' fees | 33.04 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank and Banker to the Offer. Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs (2)(3)(4)(5) | 6.11 |
| 3 | Fees payable to the Registrar to the Offer | 0.24 |
| 4 | Fees payable to the other advisors to the Offer | 3.70 |
| 5 | Others | |
| 6 | - Listing fees, SEBI filing fees, upload fees, BSE & NSE processing fees, book building software fees and other regulatory expenses | 3.95 |
| 7 | - Printing and stationery | 1.24 |
| 8 | - Advertising and marketing expenses | 6.14 |
| 9 | - Fee payable to legal counsels | 6.76 |
| 10 | - Miscellaneous | 2.36 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹796.00 | ₹796.00 |
| Open | ₹1,015.00 | ₹1,040.00 |
| Low | ₹1,015.00 | ₹1,040.00 |
| High | ₹1,143.10 | ₹1,143.90 |
| Last Trade | ₹1,120.85 | ₹1,121.15 |
Medplus Health IPO is a main-board IPO of 1,75,73,342 equity shares of the face value of ₹2 aggregating up to ₹1,398 Crores. The issue is priced at ₹796 per share. The minimum order quantity is 18.
The IPO opens on Mon, Dec 13, 2021, and closes on Wed, Dec 15, 2021.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Medplus Health IPO using UPI as a payment gateway. Zerodha customers can apply in Medplus Health IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Medplus Health IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Medplus Health IPO opens on Mon, Dec 13, 2021 and closes on Wed, Dec 15, 2021.
Medplus Health IPO lot size is 18, and the minimum amount required for application is ₹14,328.
You can apply in Medplus Health IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Medplus Health IPO will be done on Monday, December 20, 2021, and the allotted shares will be credited to your demat account by Wed, Dec 22, 2021. Check the Medplus Health IPO allotment status.
The Medplus Health IPO listing date is on Thu, Dec 23, 2021.
