IPOs in recent times have given great returns to investors. Nykaa and Tega Industries in recent times are great examples of how the IPO market has become a wealth creator for investors. Next in line is MedPlus – India’s second-largest pharacyy retailer.
The public issue of Medplus Health Services Limited is opening today and it will remain available for bidding till 15th December 2021. Price band of the book built issue has been fixed at ₹780 to ₹796 per equity share and the company aims to raise ₹1,398.30 crore from this public offer ( ₹600 crore from fresh issue and ₹798.30 crore through Offer for Sale or OFS). Shares of Medplus Health Services are available at a premium of ₹280 in the grey market today. That means grey market is expecting this public issue to list at around ₹1076 ( ₹796 + ₹280), according to market players.
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