With shares in India’s second largest pharmacy retail chain, MedPlus Health Services Limited, all set to go public on Thursday, Zee Business Managing Editor Anil Singhvi expects an appropriate listing for the healthcare provider to go public.
With shares in India’s second largest pharmacy retail chain, MedPlus Health Services Limited, all set to go public on Thursday, Zee Business Managing Editor Anil Singhvi expects an appropriate listing for the healthcare provider’s IPO.
“Expects that it is quoted in the 925-1000 range for an issue price of Rs 796, “said Anil Singhvi in the MedPlus Health Services preview. “Short-term investors keep the stop-loss of the issue price. Long-term investors can hold, “said Zee Business Manging Editor.
The initial public offering (IPO) of MedPlus Health Services Limited was subscribed 52.59 times on the last day of the offering on December 15th. When the healthcare provider went public, 126.96.36.1998 shares were exchanged for 1.25, – 75.154 shares. The NIIs signed the issue 85.33 times while the retail allotments were bid 5.24 times.
The offer of the second largest pharmacy retail chain in India included a new issue of up to 600 billion rupees and an offer of sale (OFS) of up to 798.29 billion rupees.
Medplus had a fixed price range of Rs 780-Rs 796 for this IPO. One lot consists of 18 shares. An investor can apply for at least one lot or 18 shares and a multiple thereof. The maximum subscription amount for a retail investor was limited to Rs 2 lakh, while for eligible employees it is Rs 5 lakh.
Maximum bid amount for the QIB investors 12,503,916 shares in multiples of 35 shares, while for NIB- Investors 8,931,366 shares in multiples of 35 share shares.
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