MedPlus Health Services IPO - At Inflection Point: Prabhudas Lilladher
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Prabhudas Lilladher's IPO Report
We are optimistic about Medplus Health Services Ltd., a compelling omni- channel play in healthcare retailing as-
profitable operations despite higher discounts across omni-channel deliveries, given its fully integrated offerings and
huge scope to grow as industry moves from unorganised to organised omni- channel players (10% compound annual growth rate in Indian retail pharmacy market in next five years).
We expect Medplus will gain scale and profitability given-
faster pace of store expansion (60-70 new stores/month),
benefits of economic of scale and
faster break-even with increasing contribution of private labels over medium term.
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