Medplus Health Services, India's second-largest pharmacy retailer, is opening its initial public offering on December 13. Here's all you need to know about the IPO:
Also read/watch: MapMyIndia IPO's GMP at 100%; issue subscribed 4.3 times on Day 2
IPO Date: Dec 13 to Dec 15
IPO Price: Rs 780 to Rs 796
Grey Market Premium: Rs 250
Lot Size: 18 shares
Min. Investment: Rs 14,328
Issue Size: Rs 1,398 crore
About the company:
Not just the second-largest pharmacy retailer company in India, Medplus is also the first pharmacy retailer in India to offer an omnichannel platform wherein customers can purchase products through stores, telephone, online, and a Click and Pick facility. the company has a strong pharmacy retail network of 2,165 stores across Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Odisha, West Bengal, and Maharashtra.
Also read/watch: Metro Brand IPO subscribed 27% on Day 1; GMP falls to 6%
Shares of the company will list on both NSE and BSE and the expected date of Medplus Health IPO listing is 23rd December 2021.