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...
25 Dec, 2021, 01.15 PM IST
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 ...
24 Dec, 2021, 06.42 AM IST
Should you book profit in Medplus after a solid debut?The majority of analysts are bullish on the counter and recommend it to hold for the long run. They are bullish on the growth prospects, de...
23 Dec, 2021, 12.19 PM IST
Medplus Health shares make a strong debut, list at over 30% premium over IPO priceThe Rs 1,398.30 crore IPO of Medplus Health Services was open for subscription between December 13-15. The company sold its shares in the r...
23 Dec, 2021, 10.00 AM IST
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...
22 Dec, 2021, 08.11 PM IST
Medplus Health Services' issue subscribed 52.59 timesThe portion set aside for qualified institutional buyers was subscribed 111.90 times while non-institutional investor category, which inclu...
16 Dec, 2021, 07.20 AM IST
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...
15 Dec, 2021, 05.21 PM IST
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...
14 Dec, 2021, 05.20 PM IST
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...
13 Dec, 2021, 06.35 PM IST
No reason why we cannot get to number one position, says MedPlus Health MD“We will be spending most of the money on opening new stores and for inventory of new stores. Last year we opened 350 stores despite Covid ...
13 Dec, 2021, 02.14 PM IST
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...
13 Dec, 2021, 10.24 AM IST
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...
10 Dec, 2021, 10.21 PM IST
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...
07 Dec, 2021, 09.33 AM IST
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...
01 Dec, 2021, 08.02 PM IST
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 ...
22 Nov, 2021, 06.14 PM IST
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 ...
18 Aug, 2021, 01.21 AM IST
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.
13 Nov, 2019, 09.25 PM IST