Medplus IPO: 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 Rs780 to Rs796 per equity share and India's second-largest pharmacy retailer company aims to raise Rs1,398.30 crore from this public offer ( Rs600 crore from fresh issue and Rs798.30 crore through Offer for Sale or OFS). According to market observers, shares of Medplus Health Services are available at a premium of Rs280 in the grey market today.

We list out 10 important details in regard to Medplus Health IPO:

1] MedPlus IPO GMP: As per the market observers, shares of Medplus have started to trade in the grey market ahead of its subscription opening. They said that Medplus Health IPO GMP today is Rs280, which means grey market is expecting this public issue to list around Rs1076 ( Rs796 Rs280). So, grey market today is expecting around 35 per cent listing gain from Medplus IPO.

2] Medplus IPO price: Company management has fixed price band of its public offer at Rs780 to Rs796 per equity share.

3] Medplus IPO subscribe or not: Giving her review on Medplus Health IPO; Aprajita Saxena, Research Analyst at Trustline Securities said, "Medplus Health Services is India's second-largest pharmacy retailer in terms of the number of stores and revenue. It has strong pharmacy retail network of 2,165 stores and the company is second largest retail pharmacy in India. Solid brand reputation, customer proposition, omni-channel platform and strong financial metrics are some of the strong fundamentals that may favour the public issue. Due to the positive sentiments listing gain could be of Rs300 and listing price around Rs1096 apiece for this pharmacy stock."

4] Medplus IPO size: The pharmacy retailer company aims to raise Rs1,398.30 crore from its public issue, out of which Rs600 crore is aimed from fresh issue whereas Rs798.30 crore is targeted via OFS.

5] Medplus IPO lot size: A bidder will be able to apply for the IPO in lots and one lot of the IPO comprises 18 company shares.

6] Medplus IPO application limit: One bidder can apply for minimum one lot and maximum 13 lots.

7] Medplus IPO investment limit: As one bidder can apply 1 to 13 lots of the IPO, minimum investment allowed in the public issue is Rs14,328 ( Rs796 x 18) whereas maximum investment allowed to single bidder is Rs1,86,264 [( Rs796 x 18) x 13].

8] Medplus IPO allotment date: The tentative date for finalisation of share allocation is 20th December 2021. Initiation of refund may begin on 21st December 2021 and credit of shares in the Demat Account of allottees may take place on 22nd December 2021.

9] Medplus IPO listing: Shares of the company will list on both NSE and BSE and the expected date of Medplus Health IPO listing is 23rd December 2021.

10] Medplus IPO registrar: Official registrar of the IPO is KFintech Private Limited.