Wellness Forever Medicare IPO

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    Wellness Forever Medicare IPO

    Wellness Forever Medicare is India’s third largest retail pharmacy and wellness network by number of stores, with a leading position in Western India in terms of total revenues. It operates a large omni-channel, hyperlocal retail network under its “Wellness Forever” brand, serving as a one-stop solution for its customers’ wellness needs with most of its stores operating 24×7. The company opened its first drugstore in 2008, and it has expanded its retail footprint to a total 236 stores in 23 cities across the Indian states of Maharashtra, Karnataka and Goa serving a registered customer base of 6.7 million customers as of June 30 , 2021. The company offers a wide assortment of merchandise comprising approximately 91,500 pharmaceutical and wellness products, and each of its stores features an average of approximately 13,000 products per store, including fast-moving consumer goods, fast-moving health goods, nutraceuticals and medical equipment, among other products, alongside over-the-counter and prescription medicines.
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    Wellness Forever Medicare IPO Details

    Opening Date

    To be Announced

    Closing Date

    To be Announced

    Price Band

    To be Announced

    Issue Size

    To be Announced

    Face Value

    To be Announced

    Market Lot

    To be Announced

    Listing at NSE,BSE

    Wellness Forever Medicare IPO Timeline (Tentative Schedule)

    IPO Open Date To be Announced
    IPO Close Date To be Announced
    Allotment Date To be Announced
    Initiation Of Refunds To be Announced
    Credit Of Shares To
    Demat Account    		 To be Announced
    IPO Listing Date To be Announced
    UPI Mandate Expiry Date To be Announced

    Checkout the List of Upcoming IPO

    Financial Highlights

    Particulars FY 21 (in Cr.) FY 20 (in Cr.) FY 19 (in Cr.)
    Revenue 924 863.25 676.98
    PAT -34.85 -5.32 -1.33
    EPS (in Rs.) -7.11 -1.16 -0.31
    Total Assets 608.75 476.59 382.30
    Total Borrowings 102.39 83.15 81.54
    Equity Share Capital 6.34 6.17 5.70

    Strengths & Weakness

    Strengths Weaknesses
    Unique retail platform within India’s fast-growing pharmaceutical retail sector The company may fail to adapt to changing customer preferences, optimize products, or manage inventory effectively
    Omni-channel, hyper-local presence increasing customer touch points Expansion strategy may not be successful, which could have an adverse effect on business
    Growth ready, technology-backed infrastructure platform Subject to risks associated with expanding business in new markets
    Demonstrated track record of retail footprint expansion Company may fail to adapt to changing customer preferences, optimize products, or manage inventory effectively

    How to apply in IPO via UPI on Dynami

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    How to apply for Wellness Forever Medicare IPO ?

    Retail investors need to apply for the IPO using UPI

    UPI

    • Link your bank account to a UPI ID.
    • Register your UPI id with your Demat account.
    • Subscribe for Wellness Forever Medicare IPO and approve the payment on your UPI ID.

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    Frequently Asked Questions

    The issue size is to be announced yet.
    You can apply for the Wellness Forever Medicare IPO 2 days before the official subscription period begins using the pre-apply option.
    Pre-applying for the Wellness Forever Medicare IPO lets you apply before it officially opens. Click on the Apply Now link to apply for Wellness Forever Medicare IPO on Religare Broking.
    Your order will be submitted to the exchange as soon as bidding for Wellness Forever Medicare IPO begins. You will receive a UPI request within 24 hours after the bidding starts.
    We will notify you when your Wellness Forever Medicare IPO order is placed with the exchange.
    The open and close dates are yet to be announced.
    The minimum lot size of the IPO is yet to be announced.
    The minimum order quantity and investment required is yet to be announced.
    The price band of the IPO is yet to be announced.
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