MedPlus Health IPO opens today, should you subscribe?
Zee News
The company has allotted 52.51 lakh equity shares to anchor investors at Rs 796 apiece, aggregating to Rs 417.98 crore, according to a circular uploaded on the BSE website.
New Delhi: Pharmacy retail chain MedPlus Health Services’ Rs 1,398-crore initial share sale opens on Monday. The IPO comprises fresh issuance of equity shares worth Rs 600 crore and an offer for sale (OFS) of up to equity shares aggregating up to Rs 798.30 crore by the promoter and existing shareholders.
MedPlus on Friday said it has mobilised Rs 418 crore from anchor investors ahead of its initial share sale that opens for public subscription on Monday.
The company has allotted 52.51 lakh equity shares to anchor investors at Rs 796 apiece, aggregating to Rs 417.98 crore, according to a circular uploaded on the BSE website.
