Wellness Forever Medicare IPO

₹-

per share

Bidding Dates

Min. Investment

Lot Size

Issue Size

IPO Timeline

Bidding starts

Bidding ends

Allotment finalisation*

Refund initiation*

Demat transfer

Listing

* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.

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:

Company Name	Wellness Forever Medicare Pvt Limited	Company Type	Private
Founder's Name	Ashraf Biran, Gulshan Bakhtiani, Mohan Chavan	Company Established On	2008
Wellness Forever IPO Opening Date	TBA	Wellness Forever IPO Closing Date	TBA
Wellness Forever IPO Allotment Status	TBA	Credit of Shares to the Demat Account	TBA
Wellness Forever IPO Listing Date	TBA	Wellness Forever IPO Face Value	TBA
Wellness Forever IPO Lot Size	TBA	Wellness Forever IPO Issue Size	TBA
Wellness Forever IPO to be Listed on	BSE, NSE	Wellness Forever IPO Price band	TBA

Financial snapshot

Particulars	FY 19	FY 20	FY 21
Revenue	₹ 676.9 crore	₹ 863.2 crore	₹ 924.0 crore
Net Loss	₹ -1.3 crore	₹ -5.3 crore	₹ - 34.8 crore

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

Strengths

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 square foot in the Indian pharmaceutical retail space in FY20 and FY21
Around 45% of its revenue came from non-pharmaceutical products in FY21
Each of it stores features an average of approximately 13,000 products
The premium wellness products accounted for around 16% of the total revenue in FY21
Has omni-channel presence through website, easy-to-use mobile app and toll-free call centre
The domestic pharmaceutical market is expected to grow at a CAGR of 11% to ₹2.5 lakh crore by FY25

Risks and threats

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

Login to your Upstox account, using your six-digit PIN
After successfully logging in, click on ‘Discover’
On the Discover tab, you will find the ‘Invest in IPO’ section
Under the Invest in IPO section, look for the ‘Wellness Forever IPO’ tab and click on it
Now fill in all the required information, like ‘bid price’ and ‘lot size’
Confirm and click on ‘Apply’
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:

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

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:

Click here to visit the demat account opening page on the Upstox website.
Enter your phone number and other essential details to begin opening a demat account.
Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed.
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.

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.

FAQs

How can you pre-apply for the Wellness Forever IPO?

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.

When does pre-apply for the Wellness Forever IPO open and how can you pay for it?

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.

How to apply for the Wellness Forever IPO?

You can apply on Upstox’s website and app, once the Wellness Forever IPO opens for subscription.

When does the Wellness Forever IPO open and close for the subscription?

The dates for the Wellness Forever IPO haven’t been announced yet.

What’s the lot size and minimum investment needed for the Wellness Forever IPO?

The details about the Wellness Forever IPO’s lot size haven’t been announced yet.

What is the price band for the Wellness Forever IPO?

The price band for the Wellness Forever IPO isn’t available currently.

What’s the size of the Wellness Forever IPO?

The size of the Wellness Forever IPO has not been announced yet.

How many bids can I place for the Wellness Forever IPO?

You can place up to three bids for an application.

Can these bids be placed at different times during the IPO subscription period?

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.

When will Wellness Forever shares be credited to your demat account?

The date for crediting Wellness Forever shares to the demat account has not been announced yet.

Which exchanges will Wellness Forever shares list on?

Wellness Forever shares will on NSE and BSE

When will Wellness Forever shares list on the exchanges?

The listing date has not been announced yet.

Wellness Forever Medicare IPO

₹-

Bidding starts

Bidding ends

Allotment finalisation*

Refund initiation*

Demat transfer

Listing

About Wellness Forever IPO

Financial snapshot

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

Strengths

Risks and threats

Wellness Forever IPO details

| Wellness Forever IPO Date

| Wellness Forever IPO Price band

| Wellness Forever IPO lot size

How to apply for the Wellness Forever IPO?

How to check the Wellness Forever IPO allotment status?

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

Upstox – trading app to apply for the Wellness Forever IPO

IPO analysis

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