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Latest GMP
- IPO Open Date
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- IPO Close Date
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- Allotment date
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- Listing date
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- Issue Size
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- Issue Price Band
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- Lot Size
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- Minimum Investment
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Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
About Wellness Forever Medicare Limited
Wellness Forever Medicare Limited is one of India's leading omnichannel retail pharmacy and wellness chains, offering prescription medicines, over-the-counter (OTC) products, healthcare essentials, personal care items, and wellness products through an integrated network of physical stores and digital platforms. Founded in 2008 and headquartered in Mumbai, the company has built a strong presence in Western and Southern India, with most of its pharmacies operating 24×7 to provide round-the-clock healthcare access.
The company follows an omnichannel business model, enabling customers to purchase medicines and healthcare products through retail stores, its mobile application, website, and hyperlocal delivery services. Wellness Forever filed its Draft Red Herring Prospectus (DRHP) with SEBI for its proposed IPO to fund store expansion, working capital requirements, debt repayment, and general corporate purposes.
Key Offerings
- Retail pharmacy for prescription and OTC medicines
- Health, wellness, nutrition, and personal care products
- Online medicine ordering and home delivery
- Hyperlocal pharmacy services through mobile app and website
- Medical devices and healthcare essentials
- 24×7 pharmacy stores with pharmacist-assisted services
Competitive Strengths
- One of India's leading omnichannel pharmacy chains with a strong presence in Western and Southern India
- Integrated online and offline business model offering seamless shopping and home delivery
- Extensive network of 24×7 retail pharmacies, ensuring high customer convenience
- Diversified product portfolio covering medicines, wellness, nutrition, and personal care products
- Strong brand recognition and customer loyalty in key operating markets
- Technology-enabled inventory management and hyperlocal fulfillment capabilities
- Well-positioned to benefit from the growing demand for organized pharmacy retail, digital healthcare, and increasing healthcare spending in India.
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|
Updated on N/A
Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|
Disclaimer: Grey Market Premium (GMP) is an unofficial market indicator provided for informational purposes only. It may change at any time and should not be considered investment advice or a guarantee of listing gains. Please evaluate company fundamentals, financials, valuation, and subscription data, and consult a SEBI-registered financial advisor before making any investment decision.
Financials of Wellness Forever Medicare Limited
A quick overview of the key financial performance of Wellness Forever Medicare Limited.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue increased by 7%, Total Assets increased by 28% between FY2020 and FY2021.
| Period Ended | FY2019 | FY2020 | FY2021 |
|---|---|---|---|
| Revenue | 676.98 | 863.25 | 924.02 |
| Assets | 382.30 | 476.60 | 608.76 |
| Total Income | 680.94 | 867.10 | 941.36 |
| Profit After Tax | -1.33 | -5.32 | -34.85 |
| EBITDA | 73.41 | 90.94 | 81.49 |
| Net Worth | 111.08 | 168.72 | 266.69 |
| Reserves & Surplus | 103.82 | 161.00 | 258.23 |
| Total Borrowings | 81.55 | 83.15 | 102.39 |
Amount in ₹ Crore
IPO Lot Size
IPO lot size details are currently unavailable.
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
| RoNW (%) | -13.35 |
| EBITDA Margin (%) | 8.66 |
|
Pre IPO
Post IPO
|
|
| EPS (₹) |
-7.11
-
|
| P/E (x) |
-
-
|
| Promoter Holding (%) |
48.89
-
|
Disclaimer:
KPI values are based on information disclosed in the IPO prospectus and are provided for informational purposes only.
IPO Lead Manager(s)
Lead Manager Details
- IIFL Capital Services Limited (formerly known as IIFL Securities Limited)
- Contact Person: Mukesh Garg / Nishita Mody
- SEBI Registration Number: INM000010940
- Investor Grievance Email: ig.ib@iiflcap.com
- Website: https://www.iiflcap.com
- Email: wellnessforever.ipo@iiflcap.com
- Phone: +91 22 4646 4600
- Address: 24th Floor, One Lodha Place, Senapati Bapat Marg, Lower Parel (West), Mumbai 400 013, Maharashtra, India
Lead Manager Details
- Ambit Private Limited
- Contact Person: Nikhil Bhiwapurkar / Miraj Sampat
- SEBI Registration Number: INM000010585
- Investor Grievance Email: customerservicemb@ambit.co
- Website: https://www.ambit.co
- Email: wellness.ipo@ambit.co
- Phone: +91 22 6623 3000
- Address: Ambit House, 449, Senapati Bapat Marg, Lower Parel, Mumbai 400 013, Maharashtra, India
Lead Manager Details
- DAM Capital Advisors Limited
- Contact Person: Gunjan Jain
- SEBI Registration Number: MB/INM000011336
- Investor Grievance Email: complaint@damcapital.in
- Website: https://www.damcapital.in
- Email: wellness.ipo@damcapital.in
- Phone: +91 22 4202 2500
- Address: Altimus 2202, Level 22, Pandurang Budhkar Marg, Worli, Mumbai 400 018, Maharashtra, India
Lead Manager Details
- HDFC Bank Limited
- Contact Person: Harsh Thakkar / Ravi Sharma
- SEBI Registration Number: INM000011252
- Investor Grievance Email: investor.redressal@hdfcbank.com
- Website: https://www.hdfcbank.com
- Email: wellness.ipo@hdfcbank.com
- Phone: +91 22 3395 8233
- Address: Investment Banking Group, Unit no. 701, 702 and 702-A, 7th floor, Tower 2 and 3, One International Centre, Senapati Bapat Marg, Prabhadevi, Mumbai - 400013
IPO Registrar
- Registrar Name
- MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
- Phone
- +91 22 4918 6200
- Contact Person
- Shanti Gopalkrishnan
- SEBI Registration Number
- INR000004058
- Address
- C-101, 247 Park, 1st Floor, L B S Marg, Vikhroli (West), Mumbai 400 083, Maharashtra, India
- Website
- https://in.mpms.mufg.com/
Company Contact Details
- Company Name
- Wellness Forever Medicare Limited
- Phone
- +91 22 4354 1722
- Contact Person
- Nidhi Vora
- Corporate Identity Number
- U24239MH2008PLC178658
- Address
- 7th Floor, Wing A, Empire Plaza, IT Park, LBS Marg, Vikhroli (West), Mumbai 400083, Maharashtra, India
- Website
- https://www.wellnessforever.com/
Wellness Forever Medicare Limited FAQs
The Wellness Forever Medicare Limited IPO is a MAIN IPO with a total issue size of
₹ crores.
The IPO price band is fixed at
₹-- to ₹-- per share,
and the minimum lot size is
--.
The Wellness Forever Medicare Limited IPO will open on
--,
and will close on
--.
MUFG Intime India Private Limited (formerly Link Intime India Private Limited) has been appointed as the registrar for the issue.
The equity shares are proposed to be listed on .
The Wellness Forever Medicare Limited IPO opens on -- and closes on --.
The Wellness Forever Medicare Limited IPO lot size is --, and the minimum amount required for application is --.
You can apply for the Wellness Forever Medicare Limited IPO through your bank account using the ASBA facility or via your online trading and Demat account.
To apply online, log in to your broker’s platform, select Wellness Forever Medicare Limited IPO, enter the number of lots, choose your price within the price band, and submit the application.
After submitting, approve the UPI mandate to block the required amount in your bank account.
Once the IPO allotment is finalised, shares will be credited to your Demat account if allotted. If not allotted, the blocked amount will be released automatically.
The Wellness Forever Medicare Limited IPO listing date is --.
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