Wellness Forever Medicare

IPO Size

`1500 Cr

Price Band


Minimum Lot Size


Face Value

`2 Per Share

Employee Discount


Retail Allocation


Issue Open Date


Issue Close Date


Listing Date


About the Company:

Incorporated in the year 2008, Wellness forever an omnichanel retail pharmacy chain, backed by Adar Poonawalla of Serum Instituteare present across Mumbai, Pune, Kolhapur and Satara in Maharashtra, and in Goa and Karnataka.This will be the first pharmacy  retail chain  to list on Indian stock exchange.

The Mumubai based company has a network of 236 stores, which has a presence in 23 cities across Maharashtra, Goa, and Karnataka.As per the latest financial record, revenue for the financial year ended March 31, 2021, grew 7% to Rs 924.02 crore,onyear on year basis.The company with solid finacial backing plans to extend its network by adding new stores over next coming years.


Financial Statements:

Income Statement in Millions FY21 FY20 FY19
Gross Operating income 11927 12368 13845
Cost of employee and inventory 2407 2420 2775
other expenses 2278 2928 4942
EBITDA 7242 7019 6610
Depreciation 374 365 324.03
Interest 57 56  
Profit before tax and exceptional items 6959 6697 6457
Exceptional Items  - -  
Profit before tax  6959 6697 6457
TAX 1696 1663 1989
Profit After tax 5263 4944 4488

Promoter of the Company

Ashraf Biran, Gulshan Bakhtiani and Mohan Chavan.

Objectives of the Issue

Offer for Sale

Rs 1100 crores

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