MedPlus Health IPO: The initial public offering (IPO) of pharmacy retail chain MedPlus Health Services opened for subscription on Monday, December 13, 2021. The offer got 50 per cent subscribed so far till 3:30 pm on the first day of bidding.
It received total bids for 63,40,050 shares across both the stock exchanges against 1,25,75,154 shares on offer, data from BSE showed. The Rs 1,398 crore MedPlus Health IPO will be available for subscription till Wednesday, December 15, 2021, and the price band of the company has been fixed at Rs 780-796 per share.
MedPlus Health Services is a Hyderabad-based pharmacy retail chain. It offers a wide range of products, including pharmaceutical and wellness products, such as medicines, vitamins, medical devices and test kits, and FMCG products like home and personal care items, including toiletries, baby care products, soaps and detergents and sanitisers.