Wellness Forever Medicare IPO
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* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.
Wellness Forever IPO
In the 2000s, the Indian pharma retail outlets were extremely “curative” in nature. In other words, they would only offer medicines and the “wellness” quotient was missing. Three friends, who were running their respective stores, realized that they can come together to improve customer experience and create a premium wellness brand. Hence, along with selling medicines, they decided to offer a wide range of products such as fast moving consumer goods, fast moving health goods, nutraceuticals and medical equipment.
This was the key differentiator for the Wellness Forever brand. Since then, this unique approach has helped the company grow multi-fold and expand its footprints to 23 India cities through a network of 236 stores.
Key highlights
- India’s third largest retail pharmacy and wellness network based on the number of stores
- Has a registered customer-base of 67 lakh across Indian states such as Maharashtra, Karnataka and Goa
- Recorded the highest revenue per retail square foot in the Indian pharmaceutical retail space in FY20 and FY21
- Around 45% of its revenue came from non-pharmaceutical products
- The domestic pharmaceutical market is expected to grow at a CAGR of 11% to ₹2.5 lakh crore by FY25
IPO analysis
Registrar information
Name
Link Intime India Private Limited
Phone number
+91 022 4918 6200
Email ID
wellnessforever.ipo@linkintime.co.in
Red herring prospectus
View documents submitted by company in filing to understand more details about them.
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