Home
IPO
Pharmeasy (API Holdings Ltd) IPO

Pharmeasy (API Holdings Ltd) IPO

Price Range (₹)

To be announced

Issue Size (₹ in Cr.)

Upto Rs. 6250 crores

Minimum Quantity

To be announced

Bidding Period

To be announced

Open An Account

Strengths & Risks
30 second IPO
overview
Research Rating
Financials
Industry Trends
Key Strategies
Steps to Apply
Expert Review Video

About the Pharmeasy (API Holdings Ltd) IPO

- India’s largest digital healthcare platform (based on GMV of products and services sold for the year ended March 31, 2021), according to RedSeer Report. (Source: Company DRHP)
- The integrated, end-to-end business aims to provide solutions for consumers’ healthcare needs, including information on illness and wellness, teleconsultation, diagnostics and treatment through pharmaceutical products and devices (Source: Company DRHP)

Strengths

Recognized PharmEasy brand

As per a RedSeer Report, PharmEasy is India's largest digital brand for the sale of pharma products and healthcare services, in terms of GMV of products and services sold on the marketplace in the financial year 2021. (Source: Company DRHP)

Integrated business model with stakeholder relationships across the healthcare value chain

Across the platform, the company services 3,261 wholesalers, 87,194 pharmacies, and 4,617 prescribing doctors and clinics for the month of June 30, 2021 and 926 hospitals for the three month ended June 30, 2021. As of June 30, 2021, PharmEasy marketplace had 25 million registered users. (Source: Company DRHP)

Scaled Supply Chain Capabilities

The expansive pan-India supply chain infrastructure as of June 30, 2021 includes: 82 warehouses, 10,886 warehousing personnel, and cumulative warehousing space of 699,000 sq.ft. This infrastructure currently undertakes 76,000 deliveries daily (Source: Company DRHP)

Risks

Success depends on the continued growth of digital healthcare industry and the increased acceptance of digital healthcare services by consumers

According to the RedSeer Report, while the digital healthcare industry has experienced significant growth, high levels of demand, widespread consumer acceptance and market adoption over the past few years, it is still relatively new in India. (Source: Company DRHP)

Maintaining brand image and reputation among participants on their platform and the media is critical to their success

Many factors, including the ability to provide quality services to stakeholders, manage complaints and negative publicity and maintain a positive perception may impact brand image and reputation (Source: Company DRHP)

Financials

Net Worth
Revenue from Operations
Total borrowings
Profit/(Loss) for the Period
Basic Earning per Share (EPS)

Industry Trends

- According to a RedSeer Report, the Company has a target addressable market of ~ Rs. 10.4 trillion (~$139 billion) as of 2020, corresponding to the size of the entire Indian Healthcare market in 2020. The Target Addressable Market is expected to grow at 14% CAGR to reach ~₹ 20 trillion (~$266 billion) by 2025 (Source: Company DRHP)

- Online pharmacy-led Play: Online pharmacy, consisting of at-home delivery of prescription medicines, covered ~63% of the market pre-COVID in 2019 and held ~55% of the market in 2020, despite the disruption in pharma supply. eOTC is the second largest segment, constituting doorstep delivery of generic medicines and health products. It accounted for ~26% share of the market pre-COVID, which soared to ~35% in 2020, owing to high demand for COVID-related OTC products.

- Large headroom ahead: Despite the high growth, digital penetration in health (across pharma, OTC, diagnostics and consultation) is only at 2%, indicating a very nascent stage of penetration. For example in online pharmacy, online penetration in India was 2.3% in 2020 – considerably lower than the online pharmacy penetration levels in China (10-15%) and the US (30 - 35%) (Source: Company DRHP)

Subscription Status

Retail Individual Investor
Non-Institutional Investor
Qualified Institutional Buyers
Overall

Why invest in IPO through ICICIdirect

Paperless

Applications

Hassle-free

refunds

Convenient investments

within a few clicks

Multiple modes

of application

Follow 3 simple steps TO APPLY IPO

Directly from Bank A/c
For ICICI Bank linked A/c
Using UPI
For non ICICI Bank A/c

Select IPO

Go to the IPO section, select the IPO you want to apply from the list and click on ‘Apply’.
Fill in the required details

Fill in the quantity of the number of shares you want to buy. To apply at maximum price, check the cut-off price box and amount is auto calculated. If you want to apply at some other price within the price band, then you can enter the price manually by clicking on “Add bid” option.
Confirm your request

Click on proceed to confirm the order. You can view the placed order under “order book”.

Select IPO

Choose the IPO you want to apply from the list. Click on Apply.
Fill in the required details

Fill in the quantity of shares. To apply at maximum price, check the cut-off price box and amount is auto calculated. If you want to apply at some other price within the price band, then you can enter the price manually by clicking on “Add bid” option.
Confirm your request

Check the A/C, UPI details and click on proceed. You will get an UPI link by which payment can be made.

Features & Benefits ICICIdirect

Trusted by

75 lakh+

customers

45+

Investments & Liability Products

One Click

Investment Basket

Access to

Award-winnin

Download Our

Disclaimer – I ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is acting as a distributor to solicit bond related products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein mentioned are solely for informational and educational purpose.