Wednesday, September 21, 2022

Apollo Pharmacy celebrates opening of 5000th store

Apollo Pharmacy celebrates opening of 5000th store

Apollo Pharmacy has over 50% market share amongst India’s organized pharmacies.

Apollo Pharmacy, India’s largest and most trusted omnichannel pharmacy retailer has hit yet another milestone with the opening of its 5,000th store in India. The new store in Chennai opened at Perungudi, OMR Road, Chennai.

Ms. Shobana Kamineni, Executive Vice Chairperson, Apollo Hospitals Enterprise Ltd. spoke about the journey that started in the year 1987 in Chennai, “Consumer choices are evolving, and we will continue to differentiate ourselves on range and service offerings, not just price. Today, there is an increasing focus on preventive healthcare with consumers realising the importance of diet, exercise, quality medication and wellness products from a trusted source. The resulting rise in demand for better quality healthcare products and focus on wellness is driving the growth of the organised retail pharmacy sector in India.

“The launch of the 5000th store cements Apollo Pharmacy’s No. 1 position in the organised retail pharmacy sector with our distinct omni retail model. There is immense potential in the retail pharmacy sector and we are well poised to become the first choice for consumers looking for a trusted health and wellness partner. Over 60 crore Indians today have physical access to an Apollo Pharmacy. We serve approximately 7 lakh consumers every single day, a number we intend to take to 10 lakhs in the future.  

“Our digital app, Apollo 247 has also ushered in a new era of better health for everyone easing access to all of Apollo, anywhere, anytime. Through the app, another 50 crore Indians can get their medicines delivered in 24 hours.”

Speaking at the occasion, Mr. P Jayakumar, CEO, Apollo Pharmacies Ltd. said “It gives us immense pleasure to further the dynamic vision of our chairman Padma Vibhushan Dr Prathap C. Reddy to make genuine medicines accessible to all patients round the clock. We will continue to bring health essentials within everyone’s reach with a target of 10,000 brick and mortar stores across India”.

The 5000th store at OMR Road Chennai will offer services like audiology and optometry. The pharmacy also has a kiosk where consumers can get vitals checked instantly, book a private video consultation with a doctor and order lab tests for home collection.

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Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026 Total Offer Size- Up to 1,12,47, 000 Equity Shares of face value of ₹10 each Fresh Issue Size - Up to 98,97,000 Equity Shares OFS size - Up to 13,50,000 Equity Shares Total Size - ₹ 150.71 Crore (At Upper Price Band) Price Band - ₹ 126 - ₹ 134 per share Lot Size – 111 Equity Shares Mumbai, September 21, 2026 - Adroit Industries (India) Limited is a vertically integrated manufacturer of propeller shafts and torque-transmission components with over four decades of operational experience, serving automotive, primarily commercial vehicles, and non-automotive applications, including defence and emergency services, heavy equipment and off-highway machinery and industrial equipment across more than 32 countries, proposes to open its Initial Public Offering on Wednesday, September 23, 2026 aiming to raise ₹ 150.71 Crores (At Upper Price Band), with shares to be listed on the BSE & NSE. 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The anchor bidding is on Tuesday, September 22, 2026. The offer will open on Wednesday, September 23, 2026 and will close on Friday, September 25, 2026. The Book Running Lead Manager to the Offer is Choice Capital Advisors Private Limited and the Registrar is Bigshare Services Private Limited. Mr. Saurabh Sangla, Chairman and Managing Director of Adroit Industries (India) Limited “expressed, The upcoming IPO marks a new phase for the Company. Over the years we have built vertically integrated capabilities spanning forging, precision machining, heat treatment, assembly, balancing and testing, and expanded our portfolio to over 5,000 SKUs of driveline components supplied to customers in more than 32 countries. Going forward, our focus will be on strengthening capacity across our manufacturing facilities, improving operational efficiency, deepening engagement with the Distributors, OEMs and Tier-1 customers across our export and domestic markets and broadening our automotive and non-automotive applications. The IPO will support our plans as we continue to strengthen the business and pursue long-term growth.” Mr. Ratiraj Tibrewal, Director of Choice Capital Advisors Private Limited said, “Adroit Industries (India) Limited has built an export-led driveline business over four decades, with vertically integrated manufacturing and a diversified customer base across automotive and non-automotive applications. The upcoming IPO marks an important step in the Company’s journey as it enters the public markets. We believe the Company’s integrated manufacturing capabilities, long-standing customer relationships and expanding product portfolio provide a foundation for its next phase of growth. We are pleased to be associated with Adroit Industries (India) Limited as it takes this step towards becoming a publicly listed company.” About Adroit Industries (India) Limited Adroit Industries (India) Limited is a vertically integrated manufacturer and supplier of propeller shafts – also known as drive shafts or cardan shafts – and related torque-transmission components. Its portfolio spans over 5,000 SKUs of driveline components, including propeller shaft assemblies, yokes, shafts, companion flanges, universal joints and accessories, supplied to automotive applications, largely commercial vehicles and SUVs, and to non-automotive applications spanning defence and emergency services, heavy equipment and off-highway machinery and industrial equipment. The Company operates three manufacturing facilities in Madhya Pradesh – Dewas Facility i.e for die making and forging processes, Pithampur Facility for machining and assembly, operated by its subsidiary Adroit Driveshafts Private Limited, and Sanwer Road Facility for certain finishing operations– with end-to-end in-house capabilities covering forging, precision machining, heat treatment, assembly, balancing and testing. The facility is certified under IATF 16949, ISO 9001, ISO 14001 and ISO 45001. With operations commencing in 1966, the Company has evolved into an export-led driveline components manufacturer, with 95.39% of Fiscal 2026 product sales derived from outside India across more than 32 countries, supported by a Canadian subsidiary for North American customer engagement, and serving 185 customers in Fiscal 2026 through distributors, Tier-1 driveline component suppliers and OEMs. In FY26, The Company achieved a Revenue from operations of ₹1,399.43 million, EBITDA of ₹387.10 million & PAT of ₹261.58 million. Disclaimer: Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026 Total Offer Size- Up to 1,12,47, 000 Equity Shares of face valu...