After a long wait, MEDPLUS has launched IPO process.
Nature of Business: Online and Offline Pharmacy chain. The company currently operated 1750 pharmacies in major cities in 7 states. Company wants to utilise the proceeds for opening 3000 more pharmacies.
IPO Size: 700 Crores INR
Shareholding: Promoters hold 77% while Azim Premji is holding 13%
Financial Results: Medplus expects 2800 crores topline and an EBITA of 85 crores for this financial year.