Wellness Forever Medicare IPO

About Wellness Forever IPO

In the 2000s, the Indian pharma retail outlets were extremely “curative” in nature. In other words, they would only offer medicines but the “wellness” quotient was missing. Hence, three friends, who were running their respective stores at the time, realised that they can come together to improve customer experience and create a premium wellness brand.

Along with selling medicines, the trio decided to offer a wide range of products such as fast moving consumer goods, fast moving health goods, nutraceuticals and medical equipment. Today, Wellness Forever Medicare keeps around 91,500 items in its inventory. And this has been the key differentiator for the Wellness Forever brand.  

The unique approach has helped the company grow multi-fold and expand its footprints to 23 Indian cities through a network of 236 stores.  

And now, this company is looking to launch the Wellness Forever IPO. The Wellness Forever ltd IPO will be a combination of an offer for sale and a fresh issue. The money raised through the fresh issue will be used for setting up of new stores, repayment of borrowings and funding incremental working capital requirements.     

Here are some key Wellness Forever IPO details: 

Financial snapshot

A quick look at Wellness Forever IPO’s strengths, risks and threats

Strengths  

1. India’s third largest retail pharmacy and wellness network based on the number of stores
2. Has a registered customer-base of 67 lakh across Indian states such as Maharashtra, Karnataka and Goa
3. Recorded the highest revenue per square foot in the Indian pharmaceutical retail space in FY20 and FY21
4. Around 45% of its revenue came from non-pharmaceutical products in FY21
5. Each of it stores features an average of approximately 13,000 products
6. The premium wellness products accounted for around 16% of the total revenue in FY21
7. Has omni-channel presence through website, easy-to-use mobile app and toll-free call centre
8. The domestic pharmaceutical market is expected to grow at a CAGR of 11% to ₹2.5 lakh crore by FY25

Risks and threats

1. Has leased all of the properties on which its stores, fulfilment centre and distribution centre are located
2. Has incurred losses in FY19, FY20 and FY21. These sustained losses have resulted in erosion of a portion of its net worth
3. Its profitability is sensitive to its product mix, retail channel and conditions
4. Increasing competition may hurt margins and results. Its main competitors include MedPlus, Noble and Apollo pharmacies
5. Witnessing an increase in competition from online retailers (Pharmeasy, Tata 1mg and Netmeds) who offer products at competitive prices
6. Any increase in interest rates in India would be expected to result in an increase in its interest expenses
7. Its total indebtedness stood at ₹153.7 million, as of August 31, 2021
8. Changes in prescription drug pricing and commercial terms could adversely impact its business

Wellness Forever IPO details 

| Wellness Forever IPO Date

The company has filed its Draft Red Herring Prospectus (DRHP) with the market regulator SEBI. It has also received a nod from SEBI to launch its IPO. But the Wellness Forever IPO’s opening date – in other words, the Wellness Forever IPO launch date – hasn’t been announced yet. The Wellness Forever IPO closing date also hasn’t been declared. Along with these dates, investors will be updated about the Wellness Forever shares allotment date. 

Investors, who receive allotment, can expect Wellness Forever shares to be credited in their demat account after the allotment date. Besides this, the Wellness Forever IPO listing date hasn’t been announced yet. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. Stay tuned with Uptox for all the key updates about the Wellness Forever IPO.

| Wellness Forever IPO Price band

The Wellness Forever IPO is a book-built issue. The Wellness Forever IPO price band hasn’t been set yet. The price band is a price range within which investors can apply for the IPO. When the Wellness Forever IPO opens, interested investors will have to choose a price within the band to apply for the public issue. 

Also, the Wellness Forever IPO listing price will be determined on the listing date. The listing price is the price at which the shares of a company make their debut on the stock exchanges. 

| Wellness Forever IPO lot size

The Wellness Forever IPO details haven’t been declared. Hence, the Wellness Forever IPO lot size also hasn’t been announced yet. It’s important to note that an investor can apply for a minimum of 1 lot. Meanwhile, according to the news reports, the Wellness Forever IPO issue size could be around ₹1,600 crore.

How to apply for the Wellness Forever IPO?

If you are interested in this investment opportunity but unsure how to apply for the Wellness Forever IPO, here we are listing out the steps for you. 

When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Wellness Forever IPO on Upstox: 

1. Login to your Upstox account, using your six-digit PIN
2. After successfully logging in, click on ‘Discover’
3. On the Discover tab, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, look for the ‘Wellness Forever IPO’ tab and click on it
5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
6. Confirm and click on ‘Apply’
7. Accept the mandate on your UPI app

How to check the Wellness Forever IPO allotment status?

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. 

Here’s a step-by-step guide on how to check the Wellness Forever IPO allotment status:

1. Login to your Upstox account, using your six-digit PIN
2. After successfully logging in, click on ‘Discover’
3. On the Discover page, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, you will find the ‘View all’ option
5. Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
6. In the ‘IPO’ tab, click on ‘My applications’ 
7. In ‘My applications’, under the History section, your Wellness Forever IPO allotment status will be mentioned

Open a demat account with Upstox to apply for the Wellness Forever IPO

To apply for the Wellness Forever IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.

Here is a step-by-step guide on how to open a demat account with Upstox:

1. Click here to visit the demat account opening page on the Upstox website. 
2. Enter your phone number and other essential details to begin opening a demat account.
3. Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed. 
4. Complete the e-verification using the OTP sent to your registered mobile number. 

This is all it takes to open a demat account with Upstox. Easy and quick, right?

Upstox – trading app to apply for the Wellness Forever IPO

Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.  

You can apply for the Wellness Forever IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. 

In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.