MedPlus Health Services IPO: Information analysis

Incorporated in 2006, MedPlus is the second-largest pharmacy retailer in India in terms of its revenue in FY21 and the number of stores as of March 2021. The company offers a wide range of pharmaceuticals and wellness products, comprising medicines, vitamins, medical devices and FMCG (fast-moving consumer goods), such as home and personal care products, including toiletries, baby-care products, soap and detergents and sanitisers. Starting its journey with 48 stores in Hyderabad, the company subsequently expanded its presence in Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Odisha, West Bengal and Maharashtra. As on September 30, 2021, the company had 2,326 stores in India.