We have got Wellness Forever IPO Review of a company. Wellness Forever Medicare aka Wellness Forever is going to hit the market since they have got a permit through SEBI to Issue shares. According to the sources, the company hasn’t announced when will they issue its shares publicly. The company is aiming to raise around ₹1500-1600crores through IPO that compresses fresh issues of ₹400 crores. Along with it, they are offering for sale up to 16,044,709 equity shares of ₹2 each.
The company will give a 10% quota to retail investors while QIB 75% and HNI will get 15%. Let’s talk about company background and performance for the past few years.
Wellness Forever IPO Review & All Details
Wellness Forever is known as one of the leading medicare, retail pharmacies, and large networks in India. Ashraf Biran, Gulshan Bakhtiani, and Mohan Chavan are the founder of the company which is based in Mumbai. The company was started in the year 2008. Since then, they have built the largest chain of retail networks with the name ” Wellness Forever”. The company is going to offer over 90000 pharmaceuticals, and wellness product that includes fast-moving consumer goods, fast-moving health goods, nutraceuticals, and medical equipment with over-the-counter and prescription medicines. Let’s have a look at Wellness Forever IPO details.
Wellness Forever IPO Date, Price Band, & GMP
| 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 |
Market Lot
| Minimum Lot Size: | Shares for 1 lot |
| Minimum Amount: | ₹- for 1 lot |
| Maximum Lot Size: | Shares for 13 lot |
| Maximum Amount: | ₹- for 13 lot |
Wellness Forever IPO Time Table, Allotment & Listing
| 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 |
Financial Report
| ₹ in Crores | |||||
| Income | Expense | PAT | |||
| 2019 | ₹941 | ₹987 | -₹34.85 | ||
| 2020 | ₹867 | ₹871 | -₹5.32 | ||
| 2021 | ₹681 | ₹684 | -₹1.33 | ||
Since the company hasn’t announced its opening date of issuing shares yet. Furthermore, there are several details the company is yet to release officially. As the company provides related information of Wellness Forever IPO officially on the internet web. we will update and get a review their IPO shares. For more fresh business news keep following us on the official site All Social Updates.