3 Days MedPlus Health IPO Open For Subscribing Today, See Share Price, Lot Size, Schedule And Reviews

medplus health ipo

Medplus Health IPO (Initial Public Offering) opened up today in the primary market and will end three days after on Wednesday, December 13 2021. Medplus Health, India’s second-biggest online pharmacy after NedMeds, is eying to raise Rs 1,398.29 crore through the issue.

Medplus, an omnichannel platform launched in the year 2006, has priced its shares between Rs 780 to Rs 796 a piece. MedPlus Health IPO will consist of freshly released shares worth Rs 600 crore and existing shares worth Rs 798.29 crore offloaded by the current shareholders of the online pharma company.

MedPlus Health IPO Lot Size

One lot of MedPlus Health IPO consists of 18 shares. Interested investors are required to purchase a minimum of one lot. Given that, the minimum amount to be invested in the MedPlus shares is Rs 14,328.

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MedPlus Health IPO Reserved Quota

HedPlus Health IPO will see a reservation quota for its employees, retail buyers, and Qualified Institutional Buyers. MedPlus will offer shares worth Rs 5 crore to its employees at a discount of Rs 78 per share on the final issue price. On the other hand, 50 per cent of the issued shares will be reserved for the qualified institutional buyers, 35 per cent will be kept for retail buyers, and the remaining 15 per cent shares will be allotted to the HNI investors.

MedPlus Health IPO Schedule

The final allotment of the MedPlus shares will be conducted by December 20. Shares of the pharma company will get deposited into the Demat accounts of confirmed shareholders by December 22. Later, MedPlus will list on the Bombay Stock Exchange and National Stock Exchange on December 23.

About MedPlus Health Services

Located in Hyderabad, MedPlus Health Services was founded by Madhukar Gangadi in 2006. Running 48 pharmacies in Hyderabad to expand its business to 2000 pharma stores spread across seven states, the pharma company has shown surging growth since its inception.

Medplus was the only retailer in 2015 to offer its services through omnichannel, which means the pharma company provided its services both online through its website, mobiles apps and offline through its outlets.

MedPlus deals in a vast range of products comprising wellness and skincare products, pharmaceutical products, and Fast Moving Consumer Goods.

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MedPlus Health IPO Reviews

The MedPLus IPO has awarded a subscribe rating from brokerage company Prabhudas Lilladher, which predicts that Medplus will scale up in terms of growth and profitability due to a fast pace of store growth; the advantages of economies of scale, and a quicker break-even point.

“We anticipate Medplus will trade at a higher multiple due to the fact that it is a pure-play omnichannel enterprise with a scarcity premium and robust growth rates,” the Prabhudas Liladher report suggested. 

As per ICIC Securities’ report that shed light on the risks involved in the business, “Medplus’ operations are exposed to high working capital requirements, and any changes in product mix can exert a negative impact on margins.”

While issuing a “subscribe” rating to the MedPlus Health IPO, it also highlighted that Medplus, with its retail clustering presence, is ideally suited to benefit on an omnichannel platform with a hyperlocal service platform and is offered at a competitive rate, among other things.

MedPlus Health Services posted a profit of Rs 63.11 crore for fiscal year 21 compared to a loss of Rs 1.79 crore in fiscal year 20. Revenue grew to Rs 3,069.26 crore during the period, up from Rs 2,870.6 crore before.

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The pharma company recorded total sales of Rs 1,890.9 crore for the quarter that ended on September 30, 2021, and a net profit of Rs 66.36 crore for the same period.

HDFC Trustee, Aditya Birla Sun Life, SBI Mutual Fund, Nippon Life, Kotak Mutual Fund, Motilal Oswal Mutual Fund, and HDFC Life Insurance, among others domestic investors, made investments in the company. Other domestic investors include ICICI Prudential Life Insurance, SBI Life Insurance, and Edelweiss.

Anand Rathi Wealth Management IPO : Seeks 660 Crore, Launch Date, Share Price, GMP And Review

anand rathi wealth management ipo

Anand Rathi Wealth Management IPO (Initial Public Offering) is all set to be available for purchase amid the IPO-packed week. Rakesh Jhunjhunwala’s Star Health Insurance launched on November 30, and Tega Industries launched on December 1 are a few reputed IPOs that will compete with Anand Rathi IPO.

The initial public offering of Anand Rathi, the biggest non-banking wealth solution firm in India, is expected to raise Rs 660 crore through its IPO bidding. The recently launched and much-talked IPOs, including Nykaa, Policy Bazar and Zomato, have received overwhelming responses and raised many companies’ interest in going public. Anand Rathi Wealth Management IPO will be the 56th IPO in the soon-to-over year 2021.

More Details About Anand Rathi Wealth Management IPO

Anand Rathi Wealth Management IPO will be purely an OFS (Offer For Sale) sale of 1.2 crore shares. According to the official statement of the wealth management company, its current stakeholders include Anand Rathi, Amit Rathi, Supriya Rathi, Pradeep Gupta, Preeti Gupta, Firoz Aziz, and Rawal Family Trust will sell off their 92.85 lakh shares in the company. Jugal Mantri is also selling off his 90,000 shares.

The stock sell includes half of the shares reserved for Qualified Institutional Buyers, 15 percent shares reserved for the Non-Institutional Buyers. Additionally, the Anand Rathi Wealth management IPO has kept 2.5 lakh shares reserved for the company’s employees at Rs 25 discount apiece on the final issue price. At the same time, 35 percent of the total shares are reserved for retail buyers.

The Anand Rathi Wealth Management IPO’s book-running managers are BNP Paribas, Anand Rathi Advisors, Equirus Capital and IIFL Securities, while the registrar is Link Intime India.

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Price Band and Lot Size Of Anand Rathi Wealth Management IPO

The Anand Rathi Wealth Management IPO price is set between Rs 530-550 apiece. On the other hand, the GMP (Grey Market Price) of the IPO is trading at a premium of Rs 125 to the price decided by the IPO company. So, the GMP price of Anand Rathi shares will be 550+125 = Rs 675, which is 20 percent more than the actual value of one share.

One lot of the IPO will comprise twenty-seven shares. The interested subscribers will have to purchase a minimum of one lot at the upper value of Rs 550 per share for Rs 14,850.

When Will The Anand Rathi Wealth Management IPO Launch?

The Anand Rathi Wealth Management IPO will be available for bidding on December 2, 2021. The three-day-long IPO will conclude on December 6 and is expected to bring 660 crores to the Anand Rathi Group at the upper share value set at Rs 550 per share.
Also, the company is expected to list on The NSE and BSE exchanges by December 14. Here is the schedule for the Anand Rathi Wealth Management IPO proceeding:
Anand Rathi IPO launch date: December 2, 2021

IPO end date: December 6, 2021

Share Allotment beginning date: December 9, 2021

Refund initiation date: December 10, 2021

Allotment date: December 12, 2021

BSE and NSE Listing Date: December 14, 2021

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Brokerage Reaction On Anand Rathi Wealth Management IPO:

According to the brokerage firm Marwadi Shares and Finance Limited, the company is one of India’s leading non-bank mutual fund distributors with a presence in Non-Convertible Market Linked Debentures. It is available at reasonable valuations when compared to its competitors. “Taking into account the FY-22 annualised EPS of Rs.29.46 on a post-issue basis, the firm is set to list at a price-to-earnings ratio of 18.67x with a market capitalization of Rs.22,889 million, whilst its competitor, IIFL Wealth Management, is trading at a price-to-earnings ratio of 24.59x (FY22 annualized). This initial public offering (IPO) has a “Subscribe” grade from us.”

About Anand Rathi Wealth

Anand Rathi Wealth, who began its operations in 2002, has spread over 11 cities across India and has one office in Dubai. The AMFI certified firm operates as a mutual fund distributor firm that provides comprehensive investment solutions to more than 6,500 active clients in a financial instrument.

The wealth management firm has earned a profit of Rs 45.09 crore in the current year and Rs 265.23 in the same year. Anand Rathi Group had previously applied for IPO in 2018, but they withdrew the application later.

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Nykaa IPO Ended Today, Received A Strong Demand, See GMP And More

nykaa ipo

Nykaa, a child company of FSN E-commerce Ventures, has concluded its three-day-long initial public ( Nykaa IPO) offering on Monday, 1 November 2021. Nykaa, the company operating as a content-focused e-commerce platform for beauty cosmetics and personal care products, commenced its share bidding on 28 October 2021.

How Nykaa IPO Performed In Its 3 Days Tenure

The Initial Shares of Nykaa IPO received a good response from the investors on the first day itself. On day two, the Rs 5352 crore Initial Public Offering of Nykaa was subscribed more than 4.8 times. The investors made bids for 12,77,48,892 IPO shares against the total issued 2, 64,85,479 shares.

The third day also saw a considerable share demand from the investors. The Nykaa shares were subscribed more than twenty-four times until the market closing time. Nykaa had set the shares price at Rs 1085 – 1125 for each share. The Initial Public Offering (IPO) of Nykaa encompasses newly issued shares amounting to Rs 630 crore. The leading player in the personal care segment is gripping a massive premium of about Rs 570 per share – 50 per cent of its actual share value.

According to the data posted on National Stock Exchange, Nykaa IPO received 10 per cent subscriptions before the clock struck 12 in noon on the last day of bidding. The shares reserved for Qualified Institutional Buyers marked 7.3 times subscription. On the other hand, the shares reserved for Non-Institutional Buyers received 9.23 times subscription. Also, the retail investor segment was subscribed 9.23 times.

Nykaa IPO shares distribution will be finalized on 8 November 2021and transferred to the Demat accounts of the IPO subscribers. Nykaa will also be traded on a Grey Market – an unofficial place of trading company shares before making it to the stock exchange market. Nykaa’s shares were trading on the grey market with a premium of Rs 570 for each share. The company will be officially listed on the National Stock Exchange and Bombay Stock Exchange on 11 November 2021.

Morgan Stanley India, Citigroup Global Markets India, Kotak Mahindra Capital, JM Financial, ICICI Securities, and BofA Securities India are the Merchant Bankers of Nykaa IPO. Nykaa aims to utilize the funds received from IPO to repay its debts, setting up a few new warehouses and retail stores.

Nykaa had registered losses during the pandemic era due to the lockdown. However, the e-commerce company revived itself from losses in 2021. Company researchers have also shown faith in Nykaa’s growth over the long term considering its business strategies, the scope of improvement, and future expansion plans.

‘Considering the powerful leadership, profitability, scale of operations, we acknowledge that Nykaa has established an industry itself. So, we suggest subscribing to the Nykaa shares for long term gains,’ Hem Securities stated.

Another brokerage company Prabhudas Liladhar suggested subscribing to Nykaa’s shares, mentioning their belief in Nykaa’s performance in the future.

Nykaa, founded by the past investment banker Falguni Nayar, created a place in the already stiff market with its content focused product selling strategy. The e-commerce platform sells more than 1.8 million products on the platform, including a few products exclusively produced by Nykaa.