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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 |
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
- If you’re a new investor, open an Angel One Demat account for free and begin your investment journey.
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?
When will Wellness Forever IPO allotment be available?
What will be Wellness Forever IPO lot size?
When will Wellness Forever IPO open for subscription?
What minimum lot size can retail investors subscribe to?
When will Wellness Forever list on exchanges?
How to check the allotment status of Wellness Forever IPO?
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?
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?
Can I alter my bid for Wellness Forever IPO after confirming its final application?
Can I submit more than one application for the public issue of Wellness Forever using one PAN?
Who is the owner of Wellness Forever?
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