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Wellness Forever Medicare IPO

Wellness Forever Medicare’s IPO is a combination of fresh issues worth Rs 400 crore and an offer for sale of up to 16 crores of equity shares from existing shareholders. They are India’s third largest pharmacy and wellness network by the number of stores.

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Listing at NSE, BSE

Wellness Forever Medicare IPO Important Dates

IPO Open Date To be announced
IPO Close Date To be announced
Allotment Date To be announced
Initiation Of Refunds To be announced
Credit Of Shares To
Demat Account
To be announced
IPO Listing Date To be announced
UPI Mandate Expiry Date To be announced

View all upcoming IPOs

About Wellness Forever Medicare

The company operates an extensive network of pharmacy stores under the brand name Wellness Forever. Wellness Forever is a hyperlocal retail network providing a one-stop solution for its customer’s needs. Starting in 2008, they expanded to 1236 stores in 23 cities in 2021.

Wellness Forever Medicare IPO Objectives

• The company plans to use the fund from fresh issues in repaying market borrowing and funding internal working capital requirements.

Why should you invest in the Wellness Forever Medicare IPO?

  • The company is the third largest pharmacy chain offering 91,500 pharmaceutical and Wellness products.
  • Wellness Forever is a brick and mortar establishment complimented by an omnichannel, hyperlocal digital retail platform that facilitates door-step delivery.
  • They operate through a hybrid business model of owned and franchise model, adding 116 new stores in their network in the last three fiscal years.

Financial Highlights

Particulars (in Rs. Crores) For the year/period ended (₹ in million)
  FY 21 FY 20 FY 19
Revenue From Operation 9240.21 8632.51 6,769.80
EBITDA 761.76 879.16 711.33
EBITDA Margin (%) 8 10 11
Profit After Tax      
EPS      
ROE      

How to apply for Wellness Forever Medicare IPO?

Retail investors need to apply for the IPO using UPI.

UPI

  • Link your bank to a UPI id
  • Register your UPI id with your Demat account
  • Subscribe for Wellness Forever Medicare IPO and approve the payment on your UPI

Demat Account

Wellness Forever Medicare Noteworthy Highlights:

  • The company has a growth-ready, technology-backed platform.
  • They are led by a dynamic and experienced team.
  • Deep market penetration in new territories and stores.

The Brand’s Pros & Cons:

Pros Cons
They operate in the fast-growing pharmaceutical sector, offering an omnichannel user experience. Future cash flow depends on changing economic conditions influencing consumers’ preferences.
The company grew at a 24.54% CAGR between 2019 and 2021. Changing consumer preferences can impact future cash flow.
The ‘Wellness Forever’ brand has strong brand recognition. They have incurred negative cash flow in 2019, 2020, and 2021, which may happen in the future.

Competitive Analysis: Market Peers

There are no companies in India engaged in the exact line of operation of Wellness Forever.

Wellness Forever Medicare IPO FAQs

What is Wellness Forever IPO?

Wellness Forever makes requisite plans to float an IPO consisting of fresh issues worth Rs 400 crores and offers for sale of 16 crore equities.

When will Wellness Forever IPO allotment be available?

Details not available.

What will be Wellness Forever IPO lot size?

Details not available.

When will Wellness Forever IPO open for subscription?

Details not available.

What minimum lot size can retail investors subscribe to?

Retail investors need to apply for a minimum of one lot.

When will Wellness Forever list on exchanges?

It usually takes ten working days from the last day of subscription to list the IPO on the bourses.

How to check the allotment status of Wellness Forever IPO?

Existing Angel One customers can log in to their customer account to check Wellness Forever IPO allotment status.
Keep your application number, DP id, and PAN number available when checking allotment status.

What would be the listing gains on the Wellness Forever IPO?

Listing gain is the difference between the IPO's opening and offer prices.
The listing gain results from changing investors' interests, global parameters, and short vs long-term outlooks.

I have finished the application process for Wellness Forever IPO, but the funds are not yet debited. What is the reason?

The bank initially blocks the amount you bid for an IPO. It will debit the amount when the shares get allotted or unblock it after the UPI mandate expiry date.

Can I alter my bid for Wellness Forever IPO after confirming its final application?

It is possible to change the price or the lot size using the changing/revising form available with the application kit. But it could be challenging to complete the process within the given time.

Can I submit more than one application for the public issue of Wellness Forever using one PAN?

No. Only one application at a time is allowed against one PAN card.

Who is the owner of Wellness Forever?

Mohan Chavan is one of the promoters of Wellness Forever.

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