Wellness Forever Medicare IPO

Incorporated in 2008, Wellness Forever Medicare is India's third-largest retail pharmacy network, with 236 stores in 23 cities across Maharashtra, Karnataka, and Goa. As of June 30, 2021, it served 6.7 million customers. The company added 116 new stores to its network during the past three fiscal years. It offers 91,500 products, including pharmaceuticals, FMCGs, and wellness items. Non-pharmaceutical products made up 45.72% of total revenue in FY 2021. The company focuses on premium wellness items, generating 16.32% of revenue from high-margin products. Its omni-channel strategy combines physical stores with an app and website, enabling deliveries within 2-6 hours creating a seamless shopping experience for customers.