Pharmacy retail chain Medplus is planning an initial public offering (IPO) aimed at raising about Rs 700 crore, promoter of the company said, on Wednesday.
We are planning to raise about Rs 700 crore.
The company would review the idea of an IPO only if anybody offers to pick the stake.
Replying to a query, he said the company expects Rs 2,800 crore topline by the end of the current fiscal with Rs 85 crore EBITDA (Earnings before interest, tax, depreciation, and amortization) margins.
Meanwhile, Medplus said it entered into an exclusive distribution agreement with Canada-based Jamieson Wellness Inc for selling the latter’s natural health products through the former’s retail outlets.

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