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MedPlus IPO: Healthtech startup raises Rs 418 crore from anchor investors ahead of IPO

MedPlus IPO: Healthtech startup raises Rs 418 crore from anchor investors ahead of IPO

Zee News
Saturday, December 11, 2021 02:45:55 AM UTC

MedPlus Health Services said it has mobilised Rs 418 crore from anchor investors ahead of its initial share sale that opens for public subscription on Monday.

New Delhi: Pharmacy retail chain MedPlus Health Services 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.

Abu Dhabi Investment Authority, BlackRock Global Funds, Fidelity, Nomura, Goldman Sachs, Morgan Stanley, HFFC Life Insurance Company, ICICI Prudential Life Insurance Company and SBI Life Insurance Co Ltd, SBI Mutual Fund (MF) and Aditya Birla Sun Life MF are among the anchor investors.

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