Omni Channel Retail Pharmacy Chain, Wellness Forever files for an IPO equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
India: Retail pharmacy chain Wellness Forever plans $160m IPO
Bloomberg Creative Photos/Bloomberg
April 26, 2021
Wellness Forever, an omnichannel retail pharmacy chain backed by investors such as Adar Poonawalla of Serum Institute of India Ltd, has started working on an initial public offering (IPO) that will see it raise ₹1,000-1,200 crore, said two people aware of the development, on condition of anonymity.
Founded in 2008, Wellness Forever is promoted by Ashraf Biran, Gulshan Bakhtiani and Mohan Chavan. The company’s Wellness Forever pharmacy stores are 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 the Indian stock exchanges,” said one of the two people cited above.