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:
A quick look at Wellness Forever IPO’s strengths, risks and threats
Risks and threats
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:
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:
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:
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
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.
Pre-applying for the Wellness Forever IPO means applying for this public issue before it goes live. However, pre-apply for the Wellness Forever IPO isn’t open currently.
The pre-apply for the Wellness Forever IPO usually begins two days before the launch date. After pre-applying, once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the Wellness Forever IPO opens for subscription.
The dates for the Wellness Forever IPO haven’t been announced yet.
The details about the Wellness Forever IPO’s lot size haven’t been announced yet.
The price band for the Wellness Forever IPO isn’t available currently.
The size of the Wellness Forever IPO has not been announced yet.
You can place up to three bids for an application.
No, the bids have to be placed at one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
The date for crediting Wellness Forever shares to the demat account has not been announced yet.
Wellness Forever shares will on NSE and BSE
The listing date has not been announced yet.