Company Background
Medplus Health Services is the second largest pharmacy chain in India with respect to the number of stores and revenue. The company offers pharmaceuticals and wellness products such as medicines, vitamins, medical devices, test kits, and fast-moving consumer goods (home and personal care products, baby care products, sanitizers, soaps, and detergents, etc).Currently operating in 300+ cities, with 1500+ offline stores in India. It has also come out as the first largest pharmacy omnichannel retailer in India.
Business Information.
The average pharmacy store in the Indian pharmacy retail business earns Rs.23 lakhs per store while the average revenue per store for Medplus is closer to Rs.1.59 crore. More than 75% of their stores have achieved positive store level operating EBITDA within 6 months of setting up.The stores are predominantly in Southern metros like Bengaluru, Hyderabad and Chennai which are some of the fastest growing markets for pharmacies.They have many warehouses across the country and these technologically enabled warehouses form hubs for stores, and stores' inventories are replenished through a centralized inventory management system, which is capable of tracking the sales and inventory levels at stores and warehouses in real-time. It has also come out as the first largest pharmacy omnichannel retailer in India. Gangadi Madhukar Reddy, Lone Furrow Investments Pvt Ltd, and Agilemed Investments Pvt Ltd are the company promoters.
Facts about the company
The company offers a very customer friendly approach thereby also making tracking and re-ordering easy.
Medplus is currently working towards a comprehensive omnichannel model where customers can get a quality experience across locations as well as offline and online.
This is the first pharmacy retailer to provide Omni-channel platform to customers.
Medplus owns and operates nearly 95% of its store network with just about 5% of the network under franchise arrangement, giving them much better control over their brand.
Points to note before investing in C.E. Info Systems Ltd IPO
The company has a highly qualified, experienced, and professional management team.
The company suffered a major setback for FY20.
Data based store expansion strategy has ensured much higher revenue per store in the pharmacy retail business.
Having 18 warehousing centers in 9 cities, enables them to do quick and quality based deliveries.
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 |
Allotment, Listing and Refunds details
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 |
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