The Initial Public Offering (IPO) of Medplus Health Services Limited opens today. The public issue will be open of bidding till 15th December. The company has fixed the price band for equity shares at ₹780-796, per equity share. Medplus Health Services Limited aims to raise ₹1,398.30 crores from the public offering.
Medplus IPO is expected to get a 35 per cent listing on its first day. In the grey market today, shares of Medplus Health Service are available at a premium of ₹280 as predicted by the market observers.
Medplus Health Services is India’s second-largest pharmacy company. From the aimed ₹1,398.30 crore, the company aims to raise ₹600 crore from fresh issue and the remaining ₹798.30 crores from the offer for sale.