Pharmacy retail chain MedPlus Health’s shares will record on the bourses tomorrow, i.e. on Thursday, December 23. In the gray market, the corporate’s shares had been buying and selling at a premium of Rs 85 on Wednesday, a lot decrease than the gray market premium (GMP) of Rs 160 of December 21.
MedPlus Health Services’ preliminary public provide (IPO) was subscribed 52.59 occasions on the final day of challenge which concluded on December 15. The Rs 1,398.3-crore IPO obtained bids for 66,13,67,268 shares in opposition to 1,25,75,154 shares on provide.
The IPO had a contemporary challenge of as much as Rs 600 crore and a suggestion on the market (OFS) of as much as Rs 798.30 crore. The value vary for the three-day preliminary share sale was ₹780-796 per share.
MedPlus Health had garnered Rs 418 crore from anchor buyers forward of its public challenge.
Proceeds of the contemporary challenge might be used for funding working capital necessities of the corporate’s subsidiary, Optival.
The firm’s shares will record on each the NSE and the BSE.