Wellness Forever Medicare Ltd key facts
- What it doesRetail pharmacy and wellness chain Story
- HeadquartersMumbai
- StatusIPO filed
Timeline
- 2026
- Sep 2026 IPO papers filed: ₹400 crore fresh issue plus offer for sale Business Standard
The short version
- Wellness Forever Medicare runs a chain of retail pharmacies and wellness stores, with its registered office in Vikhroli West, Mumbai. Business Standard
- In September 2026 it filed for an IPO with a fresh issue of ₹400 crore Business Standard
- The filing also includes an offer for sale of up to 16,044,709 shares by existing holders. Business Standard
- Promoters Ashraf Mohammed Biran, Gulshan Haresh Bakhtiani and Mohan Ganpat Chavan are among the sellers. Business Standard
- Fresh money is meant for new stores, repaying debt and working capital. Business Standard
Products
- Pharmacy and wellness retail: Stores selling healthcare and wellness products. Business Standard
People
- Ashraf Mohammed Biran: Promoter; selling up to 720,000 shares in the IPO. Business Standard
- Gulshan Haresh Bakhtiani: Promoter; selling up to 720,000 shares in the IPO. Business Standard
- Mohan Ganpat Chavan: Promoter; selling up to 120,000 shares in the IPO. Business Standard
Questions people ask about Wellness Forever Medicare Ltd
What is the Wellness Forever IPO?
Wellness Forever Medicare filed for an IPO in September 2026. It has a fresh issue of ₹400 crore and an offer for sale of up to 16,044,709 shares. Face value is Rs 2 per share. No price band or dates were in the filing report. Business Standard
How will Wellness Forever use the IPO money?
The ₹400 crore fresh issue is planned for opening new stores, repaying or prepaying borrowings, extra working capital and general corporate needs. The offer for sale part pays existing shareholders, not the company. Business Standard
Who is selling shares in the Wellness Forever IPO?
Promoters Ashraf Mohammed Biran and Gulshan Haresh Bakhtiani may each sell up to 720,000 shares, and Mohan Ganpat Chavan up to 120,000. Other selling shareholders may sell up to 14,484,709 shares. Business Standard
Every line links to the article it came from, written in our own words. Not investment advice. Profile updated 2026-11-08.
Stories cover its ipo news. Sectors: Healthcare & Life Sciences. Stages: Public. Based in Mumbai.
The founders
Ashraf Mohammed Biran
Promoter- Serves as a promoter of the company.
- Participating as a selling shareholder in the IPO.
Gulshan Haresh Bakhtiani
Promoter- Serves as a promoter of the company.
- Participating as a selling shareholder in the IPO.
Mohan Ganpat Chavan
Promoter- Serves as a promoter of the company.
- Participating as a selling shareholder in the IPO.
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