IPO · Healthcare & Life Sciences

Wellness Forever Medicare files for initial public offering

By Startup Enthusiast · 12 September 2026

What they do

The company operates a retail pharmacy and wellness chain that provides healthcare products and services to customers

The company filed for an IPO (initial public offering; the first sale of stock to the public) comprising a fresh issue of ₹400 crore

Proceeds from the fresh issue will fund new store openings, debt repayment, and general corporate requirements

Wellness Forever Medicare has filed for an IPO to raise ₹400 crore through a fresh issue of equity shares.
The offering also includes an offer for sale of up to 16,044,709 equity shares by existing shareholders.
Promoters Ashraf Mohammed Biran and Gulshan Haresh Bakhtiani will each sell up to 720,000 shares.
Promoter Mohan Ganpat Chavan is set to sell up to 120,000 equity shares.
Other selling shareholders will offload up to 14,484,709 equity shares in the public offering.
The equity shares have a face value of ₹2 each.

The company plans to use the fresh capital for capital expenditure related to opening new stores.
Funds will also be allocated toward the repayment or prepayment of existing company borrowings.
The capital will support incremental working capital requirements and general corporate purposes.

Wellness Forever Medicare operates a chain of retail pharmacies and wellness stores.
The company provides a wide range of healthcare and wellness products to its customers.
It maintains a registered office in Vikhroli West, Mumbai.
The company manages investor relations through a dedicated email address for grievances.
Operations are supported by established communication channels including phone and fax services.