Wellness Forever IPO Date, Review, Price, Form & Market Lot Details

Written by on February 23, 2022

Wellness Forever Medicare aka Wellness Forever IPO to hit the market soon as the company gets SEBI’s go-ahead to float an IPO. The company to raise ₹1500-1600 crores via IPO that comprises fresh issue of ₹400 crores and an offer for sale up to 16,044,709 equity shares of ₹2 each. The retail quota is 10%, QIB 75% and NII is 15%.

 

Adar Poonawalla backed omnichannel retail Wellness Forever Medicare is one of the leading largest retail pharmacies and wellness networks in India as per the number of stores. The company is based in Mumbai founded by Ashraf Biran, Gulshan Bakhtiani, and Mohan Chavan in 2008. They have the largest chain of retail network with their brand name “Wellness Forever”.  The company is offering over 90000 pharmaceuticals and wellness products including, fast-moving consumer goods, fast-moving health goods, nutraceuticals, and medical equipment with over-the-counter and prescription medicines. Check out Wellness Forever Medicare IPO details.

 

Important Details:

  • One of the largest pharmacy networks in India.
  • The company reported 941 crores revenues in 2021 against 867 crores in 2020.
  • The company reported a 34.85 crores loss in 2021 against a loss of 5.32 crores in 2020.
  • It’s a well-known brand with the name “Wellness Forever”.
  • The company is backed by Adar Poonawalla.
  • They have a customer base of over 65 lakhs in Maharashtra, Karnataka, and Goa.
  • They have 236 stores across 23 cities in Maharashtra, Goa, Karnataka.

Wellness Forever Medicare IPO Review

Brokerage Firm IPO Reviews

  • Arihant Capital: –
  • Angel Broking: –
  • Capital Market: –
  • Ventura Securities: –
  • ICICI Securities: –
  • Choice Broking: –
  • Marwadi Financial: –

Wellness Forever IPO Date & Price Band

 IPO Open:  2022
 IPO Close:  2022
 IPO Size:  Approx ₹- Crores
 Fresh Issue:  Approx ₹400 Crores
 Offer for Sale:  Approx 16,044,709 Equity Shares 
 Face Value:  ₹2 Per Equity Share
 Price Band:  ₹- to ₹- Per Share
 Listing on:  BSE & NSE
 Retail Quota:  10%
 QIB Quota:  75%
 NII Quota:  15%
 Discount:  N/A
 DRHP Draft Prospectus:  Click Here
 RHP Draft Prospectus:  Click Here

Wellness Forever Medicare IPO Market Lot

The Wellness Forever Medicare IPO minimum market lot is – shares with ₹- application amount. The retail investors can apply up-to 13 lots, – shares with ₹- application amount.

 Minimum Lot Size:  Minimum – Shares for 1 lot
 Minimum Amount:  ₹- for 1 lot
 Maximum Lot Size:  Maximum – Shares for 13 lot
 Maximum Amount:  ₹- for 13 lot

Wellness Forever IPO Time Table, Allotment & Listing

The Wellness Forever Medicare IPO date is 2022 and the IPO close date is 2022. The allotment date is 2022 and the IPO may list on 2022.

 Price Band Announcement:  2022
 Anchor Investors Allotment:  2022
 IPO Open Date:  2022
 IPO Close Date:  2022
 Basis of Allotment:  2022
 Refunds:  2022
 Credit to Demat Account:  2022
 IPO Listing Date:  2022

Wellness Forever Medicare IPO Form

How to apply for the Wellness Forever Medicare IPO? You can apply Wellness Forever Medicare IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Wellness Forever Medicare IPO in the Invest section. The other option you can apply for Wellness Forever Medicare IPO via IPO forms download via NSE and BSE. Check out the Wellness Forever Medicare forms – click NSE Forms & BSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.

Wellness Forever Medicare Financial Report

  ₹ in Crores
Income Expense PAT
2019 ₹941 ₹987 -₹34.85
2020
₹867 ₹871 -₹5.32
2021 ₹681 ₹684 -₹1.33

Wellness Forever Medicare IPO Valuation

Check Wellness Forever Medicare IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

 Earning Per Share (EPS):  ₹- per Equity Share
 Price/Earning P/E Ratio:  
 Return on Net Worth (RoNW):  –
 Net Asset Value (NAV):  ₹- per Equity Share

Company Promoters

  • Ashraf Mohammed Biran
  • Gulshan Haresh Bakhtiani
  • Mohan Ganpat Chavan

 

Wellness Forever Medicare IPO Registrar

Link Intime India Private Limited

C 101, 247 Park, L.B.S Marg

Vikhroli (West), Mumbai 400 083

Maharashtra, India

Tel: +91 22 4918 6200

E-mail: [email protected]

Website: www.linkintime.co.in

Investor Grievance ID: [email protected]

Contact Person: Shanti Gopalkrishnan

SEBI Registration Number: INR000004058

Note: Check Wellness Forever Medicare IPO allotment status on Linkintime website allotment URL. Click Here

Wellness Forever Medicare IPO Lead Managers

  • IIFL Securities Limited
  • Ambit Private Limited
  • DAM Capital Advisors Limited
  • HDFC Bank Limited

Company Address

Wellness Forever Medicare Limited

7th Floor, Wing A, Empire Plaza,

IT Park, LBS Marg, Vikhroli (West),

Mumbai 400 083, Maharashtra India

Contact Person: Nidhi Vora

Company Secretary and Compliance Officer

Tel: +91 22 4354 1722

E-mail: [email protected]

Website: www.wellnessforever.com

Corporate Identity Number: U24239MH2008PLC178658

Wellness Forever Medicare IPO FAQs

What is Wellness Forever Medicare IPO?

Wellness Forever Medicare IPO is a main-board IPO. They are going to raise ₹- Crores via IPO. The issue is priced at ₹- to ₹- per equity share. The IPO is to be listed on BSE & NSE.

When Wellness Forever Medicare IPO will open?

The IPO is to open on 2022 for QIB, NII, and Retail Investors.

What is Wellness Forever Medicare IPO Investors Portion?

The investors’ portion for QIB is 75%, NII 15%, and Retail 10%.

How to Apply the Wellness Forever Medicare IPO?

You can apply Wellness Forever Medicare IPO via ASBA online via your bank account. You can also apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Wellness Forever Medicare IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Wellness Forever Medicare Finance”. Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Wellness Forever Medicare IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Wellness Forever Medicare Finance”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate. Open Demat Account with Upstox.

What is Wellness Forever Medicare IPO Size?

Wellness Forever Medicare IPO size is ₹- crores. The IPO comprises ₹400 crores fresh issue and offers for sale of 16,044,709 equity shares.

What is Wellness Forever Medicare IPO Price Band?

Wellness Forever Medicare IPO Price Band is ₹- to ₹- per equity share.

What is Wellness Forever Medicare IPO Minimum and Maximum Lot Size?

The minimum bid is – Shares with ₹- amount while the maximum bid is – shares with ₹-.

What is Wellness Forever Medicare IPO Allotment Date?

Wellness Forever Medicare IPO allotment date is 2022.

What is Wellness Forever Medicare IPO Listing Date?

Wellness Forever Medicare IPO listing date is 2022. The IPO to list on BSE and NSE.

Note: The Wellness Forever Medicare IPO final details are announced updated on the page. The IPO grey market premium (Wellness Forever Medicare IPO Premium) is updated on their particular page. You can check our IPO grey market page for daily updates.)

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