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India’s third largest retail pharmacy and wellness network company is now ready to enter the Capital Market. The Market regulator : SEBI has given Green Signal to this IPO.wellness forever IPO

Wellness Forever 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, according to Technopak 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. It opened its first drugstore in 2008, and we have expanded our retail fo otprint 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. As a testament of its success, Technopak estimates that it generated the highest revenue per retail square foot in the Indian pharmaceutical retail industry for fiscal years 2020 and 2021.
It focuses on providing its customers with a retail experience that goes beyond simply purchasing medicines and key necessities. It 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 (“FMCG”), fast-moving health goods (“FMHG”), nutraceuticals and medical equipment, among other products, alongside over-the-counter and prescription medicines.

For the fiscal years 2019, 2020 and 2021, its revenues derived from the sale of non-pharmaceutical products was Rs 2,407.18 million, Rs 3,122.44 million and Rs 4,087.62 million, constituting 36.78%, 37.91% and 45.72%, of its total revenues respectively, which is significantly higher than its main
competitors in fiscal year 2021, according to Technopak.
In addition to the vast breadth and depth of its inventory, it also differentiates its brand by its selection of premium wellness products, which it offers through various third-party industry labels as well as its private label brands. Sales of premium wellness products (which it defines as products featuring gross margins higher than 30%), was Rs 684.92 million, Rs 1,005.42 million and Rs 1,458.63 million, respectively representing 10.47%, 12.21% and 16.32%, respectively, of its revenue from
operations for the fiscal years ended March 31, 2019, 2020 and 2021.

Its brick-and-mortar store network is complemented by its omni-channel, hyperlocal digital retail platforms, including its website, easy-to-use mobile app and toll-free call center. It utilizes its brick-and-mortar stores as a relatively quicker base for fulfilling omni-channel orders as compared to a centralized distribution center, which allows it to target delivery of products to its customers within two to six hours from when the order is placed. This provides our customers with the convenience of seamlessly shopping through its omni-channel platforms around the clock and from the convenience of their homes. For more information, click www.wellnessforever.com

The Promoters of Wellness Forever
Ashraf Mohammed Biran , Gulshan Haresh Bakhiani & Mohan Ganpat Chavan

Wellness Forever IPO Main Objects
The IPO  will comprise the Fresh Issue by the Company and an Offer for Sale by the Selling Shareholders.
The Net Proceeds are proposed to be utilised towards
1. Funding capital expenditure for setting up of new stores;
2. Repayment/prepayment, in part or full, of all or certain of the borrowings;
3. Funding incremental working capital requirements of the Company;

Wellness Forever IPO Details
Issue Type: Book Built Issue IPO
Issue : up to ? Shares /Rs (?) Crore
* Fresh Issue of (?) Sh/ Rs.400 Cr
* Offer for Sale Up to 16,044,709 Sh/ Rs. ?Cr

Face Value per share : Rs. 2

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