Shares of MedPlus Health will be listed on the exchange on December 23
Shares of pharmaceutical retail chain MedPlus Health will list on the exchange tomorrow, that is on Thursday, December 23. On the gray market, the company’s shares traded at a high of Rs 85 on Wednesday. Wednesday, much lower than the gray market high (GMP) of Rs 160 on December 21.
The MedPlus Health Services Initial Public Offering (IPO) was registered 52.59 times as of the final issuance date ending December 15. The IPO of Rs 1,398.3 received an auction of 66.13. 67,268 shares compared to 1,25,75,154 shares offered for sale .
The IPO features a new issue of up to Rs 600 crore and an offer to sell (OFS) up to Rs 798.30. The price range for the first three-day stock sale is ₹780-796/share.
MedPlus Health has obtained Rs 418 crore from anchor investors prior to the public release.
Proceeds from the new issue will be used to finance the working capital requirements of the company’s subsidiary, Optival.
The company’s shares will list on both the NSE and the BSE.
