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Medplus Health Services Ltd.

BSE: 543427 Sector: Others
NSE: MEDPLUS ISIN Code: INE804L01022
BSE 00:00 | 27 Jan 1159.75 -44.00
(-3.66%)
OPEN

1188.00

HIGH

1188.00

LOW

1145.80

NSE 00:00 | 27 Jan 1160.65 -42.85
(-3.56%)
OPEN

1174.00

HIGH

1184.15

LOW

1145.00

OPEN 1188.00
PREVIOUS CLOSE 1203.75
VOLUME 20834
52-Week high 1343.00
52-Week low 993.35
P/E
Mkt Cap.(Rs cr) 13,836
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1188.00
CLOSE 1203.75
VOLUME 20834
52-Week high 1343.00
52-Week low 993.35
P/E
Mkt Cap.(Rs cr) 13,836
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Medplus Health Services Ltd. (MEDPLUS) - Company History

The company was incorporated as MedPlus Health Services Private Limited at Hyderabad on 30 November 2006.The company was converted from a private limited company to a public limited company pursuant to a special resolution passed by the Shareholders at the extraordinary general meeting held on 01 June 2021 and the name of the company was changed to MedPlus Health Services Limited on 28 June 2021.The company is engaged in providing pathological laboratory testing and manufacturingtrading and contract manufacturing of pharmaFMCG and beauty products and rendering of management services to group companies and holds investments in subsidiary companies.The company has six direct subsidiaries and five step-down subsidiaries.MedPlus is the second largest pharmacy retailer in India in terms of revenue and number of stores as of 31 March 2021.The company offer a wide range of products including (i) pharmaceutical and wellness products including medicines vitamins medical devices and test kits and (ii) fast-moving consumer goods such as home and personal care products including toiletries baby care products soaps and detergents and sanitizers.The company grown from operating initial 48 stores in Hyderabad at the conception of the business to operating India's second largest pharmacy retail network of over 2000 stores distributed across Tamil Nadu Andhra Pradesh Telangana Karnataka Odisha West Bengal and Maharashtra as of 31 March 2021.The number of stores has grown since the conception of the business and as of 30 June 2021 MedPlus operated 520 stores in Karnataka 458 stores in Tamil Nadu 443 stores in Telangana 274 stores in Andhra Pradesh 201 stores in West Bengal 186 stores in Maharashtra and 83 stores in Odisha.On 21 January 2021the company has issued and allotted 254674 equity shares of Rs 10 each as bonus shares to the shareholders in the ratio of 1.25:1.On 09 July 2021the company has sub-divided its face value of equity shares from Rs 10 each to Rs 2 each.On 05 August 2021the company has allotted 29910085 equity shares of Rs 2 each on conversion of preference shares.The allotment of 14976000 Equity Shares to Gangadi Madhukar Reddy upon conversion of 2995200 Series B CCPS held by it6660575 Equity Shares to Agilemed Investments Private Limited upon conversion of 1332115 Series B1 CCPS held by it and 8273510 Equity Shares to Lone Furrow Investments Private Limited upon conversion of 1654702 Series B2 CCPS.During the month of December 2021the company cameout with an Rs 1398.30-crore public issue which comprised a fresh issue of Rs 600 crore and an offer for sale(OFS) of Rs 798.30 crore by selling shareholders.The IPO shares were allotted at the price of Rs 796 per share including a premium of Rs 794 per share.The net proceeds of the fresh issue will be utilised for funding working capital requirement of subsidiaryOptival and general corporate purposes.The allotted shares were listed on the BSE Ltd and National Stock Exchange of India Ltd(NSE) on 23 December 2021.

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