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MedPlus Health Services company logo
RETAIL (NON-INTERNET/MOBILE) | Pharmacies
medplusindia.com

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Founded Year

2006

Stage

Debt | Alive

Total Raised

$208.67M

Valuation

$0000 

Last Raised

$117.67M | 4 yrs ago

About MedPlus Health Services

MedPlus Health Services is an Indian pharmacy retailer headquartered in Hyderabad. The firm also runs businesses such as diagnostics chain MedPlus Pathlabs, RiteCure, a distributor of medical and surgical supplies to hospitals, MedPlusMark.com, an online medical store, and MedPlusLens, an optical store.

MedPlus Health Services Headquarter Location

Hyderabad,

India

(040) 6700 6700

Latest MedPlus Health Services News

PremjiInvest to sell shares as MedPlus Health Services files for IPO

Aug 18, 2021

By SHARE Pharmacy retail chain MedPlus Health Services on Tuesday said that it has filed preliminary papers for a Rs 1,639 crore ($220 million) initial public offering (IPO) that will see PremjiInvest sell shares. The IPO comprises a fresh issuance of shares worth Rs 600 crore and an offer for sale (OFS) of equity up to Rs 1,038.7 crore by promoter and shareholders. In the OFS, Lone Furrow Investments will sell shares aggregating up to Rs 450 crore, PremjiInvest will sell equity worth up to Rs 500 crore and others will offload shares aggregating up to Rs 88.71 crore. The offer will include a reservation of shares for employees. Proceeds of the fresh issue will be used for funding working capital requirements of subsidiary Optival. MedPlus was founded in 2006 by Gangadi Madhukar Reddy who is managing director and chief executive officer. The Hyderabad-based pharmacy retailer offers a wide range of products including pharmaceutical and wellness products such as medicines, vitamins, medical devices and test kits, and FMCG products such as home and personal care products including toiletries, baby care products, soaps and detergents and sanitisers. MedPlus was also the first pharmacy retailer in India to offer an omni-channel platform and continues to scale up its retail store network. The company maintains a strong focus on scaling up its store network, having grown from operating 48 stores in Hyderabad to operating India's second largest pharmacy retail network of over 2,000 stores distributed across Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Odisha, West Bengal and Maharashtra as of March 31, 2021. Axis Capital, Credit Suisse Securities (India), Nomura Financial Advisory and Securities (India) and Edelweiss Financial Services have been appointed as merchant bankers on the IPO. The equity shares are proposed to be listed on BSE and NSE.

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Expert Collections containing MedPlus Health Services

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

MedPlus Health Services is included in 1 Expert Collection, including Pharma Supply Chain.

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Pharma Supply Chain

1,258 items

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