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Wellness Forever Medicare IPO

Wellness Forever Medicare IPO

upcoming
TBAMin. investment

Wellness Forever Medicare IPO Details

IPO type
Regular
RHP/DRHP
Read
RevenueApr 2020 - Mar 2021
₹924CrLower than sector avg
Growth rate3Y CAGR
10.90%

Wellness Forever Medicare IPO Timeline

  1. Pre-apply
    To be announced
  2. Bid start
    To be announced
  3. Bid end
    To be announced
  4. Allotment
    To be announced
  5. Release of funds
    To be announced
  6. Demat transfer
    To be announced
  7. Listing
    To be announced
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.

Checklist

Quality analysis
Revenue growth
Company valuation
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Risk analysis
Debt to Equity ratio
Promoter holdings
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Compare

CompanyRevenue*3Y growthPATD/E ratio
This IPO₹924Cr10.90%-₹34.8Cr0.38
This sector (avg.)₹1,331.47Cr0%₹193.4Cr0.43
₹52,578.44Cr---₹10,980.1Cr0.03
₹9,360Cr---₹2,191Cr0
₹11,516.09Cr---₹1,911.25Cr0.42

*Revenue for financial year 2020-21. Lower P/E and D/E ratios are generally preferred.

Wellness Forever Medicare IPO Contact Details

Company NameWellness Forever Medicare

How to apply for Wellness Forever Medicare IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Wellness Forever Medicare IPO FAQs