What’s in store – A look at the retail pharmacy industry in IndiaThe Indian pharmaceutical market forms a significant part of the healthcare sector’s ecosystem. According to the National Health Accounts, ...
MedPlus shows pharma retail has lots more in storeAmidst the Covid pandemic, MedPlus Health Service became the first standalone pharmacy retail chain to get listed on the Indian bourses. Th...
MedPlus lists at 30.6% gain over issue priceThe stock opened at ₹1,040 and closed at ₹1,120.85 on the NSE. The strong listing comes after its ₹1,398-crore IPO was subscribed about 53 ...
Is MedPlus Health immune to discounted listing? Hints from the grey marketIn the unofficial market, the pharmacy retailer is commanding a mild premium of Rs 90-100 per share, a premium of 10-12 per cent over its i...
Medplus Health IPO subscribed 52.6 times on final dayThe company is predominantly a brick-and-mortar retail pharmacy with a relatively smaller presence on the omnichannel like e-pharmacy segme...
Medplus Health IPO subscribed 1.5 times on Day 2Existing shareholders and promoters will offload equity shares worth Rs 798.30 crore from their stake. Investors can bid for a minimum of 1...
Medplus Health IPO subscribed 70% on Day 1By 5:00 pm, the issue was subscribed 70 per cent. It saw applications for 87,62,598 shares against the total issue size of 1,25,75,154 shar...
MedPlus Health IPO opens for subscription: Does the pharma retailer have a pill for profit?At the issue price, MedPlus would trade at 3.1x FY21 P/S & 40x FY21 EV/EBITDA, said Aditya Birla Capital, which has suggested investors wit...
Long-term investors can wait for D-Street to price MedPlusHyderabad-based MedPlus Health Services (MHSL) is the country's second-largest pharmacy retail chain, with a network of 2,326 stores across...
MedPlus Health raises Rs 418 cr from anchor investors ahead of IPOThe company has allotted 52.51 lakh equity shares to anchor investors at Rs 796 apiece, aggregating to Rs 417.98 crore, according to a circ...
Medplus IPO to open on Dec 13; price band fixed at Rs 780-796Hyderabad-based MedPlus Health Services, the second-largest pharmacy retailer in India, is eyeing to mop up Rs 1,398.29 crore via the prima...
10 firms line up IPOs worth Rs 10,000 crore in DecemberAmong the companies that scheduled their IPOs in this month include RateGain Travel Technologies, travel and hospitality technology service...
Pharmacy retail chain MedPlus get SEBI nod to launch IPOThe initial public offering (IPO) comprises fresh issuance of equity shares worth Rs 600 crore and an offer for sale (OFS) of up to equity ...
Wellness Forever files DRHP for Rs 1500 crore IPOThe IPO consists of a fresh issue of equity shares up to Rs 400 crore and an offer for sale up to 1.60 crore equity shares, according to DR...
MedPlus Health Services files Rs 1,639 cr IPO papersThe initial public offering (IPO) comprises fresh issuance of equity shares worth Rs 600 crore and an offer for sale (OFS) of up to equity ...
Medplus plans to raise Rs 700 crore via IPOThe promoters hold 77 per cent and Wipro Chairman Azim Premji's Premji Invest holds 13 per cent while the rest is held by others.
MedPlus eyes raising $50 mn by fiscal endMedPlus Health Services today said it is in the process of raising $50 million by the end of current financial year to finance its expansio...