Medplus Health IPO opens today. GMP, other details in 10 points
Medplus IPO The public issue of Medplus Health Services Limited is opening moment and it’ll remain available for bidding till 15th December 2021. Price band of the book erected issue has been fixed at ₹ 780 to ₹ 796 per equity share and India’s alternate-largest drugstore retailer company aims to raise ₹ crore from this public offer (₹ 600 crore from fresh issue and ₹798.30 crore through Offer for Trade or OFS). According to request spectators, shares of Medplus Health Services are available at a decoration of ₹ 280 in the slate request moment.
Lot Size Investors can be suitable to apply for the IPO in lost and one lot of the IPO comprises 18 shares. One investor can be suitable to apply for minimal one lot and maximum 13 lots. Medplus Health IPO subscription status At 202 PM moment, the issue witnessed a 43 percent subscription. The issue has been subscribed 81 percent in the retail order and 13 percent in theNon-Institutional Investors order.
Medplus IPO allotment date The IPO allotment date is 20th December 2021. Inauguration 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. Shares of the company will list on both National Stok Exchange (NSE) and Bombay Stock Exchange (BSE) and the anticipated date of Medplus Health IPO table is 23rd December 2021.
KEY DETAILS ABOUT THE IPO
The price band for the IPO has been fixed at Rs 780-796 and investors will be suitable to bid for a minimum of 18 shares under one lot, and in multiples of 18 later. One lot will bring Rs and 13 lots ( outside) will bring Rs.
Profit, GMP, BROKERAGE VIEWS
. The company recorded a profit of Rs63.11 crore for FY21, marking a huge enhancement over the Rs1.79 crore in FY20. Its profit for the same period increased to Rs crore from Rs crore.
It’s worth mentioning that profit in the six-month period ended September 2021 stood at Rs66.36 crore, rising from Rs22.27 crore, while the profit rose to Rs crore from Rs crore in the same period of the former time.
Rearmost information suggests that the slate request decoration (GMP) of MedPlus Health Services IPO stands at Rs 275 or34.55 per cent. Still, the GMP is likely to change near to the table date. MedPlus Health will be listed on the stock exchanges on December 23.
Brokerage house Angel One gave a‘ subscribe’recommendation to the IPO, grounded on value proposition, deals platforms, product immolations, growth eventuality and a host of other factors.
“ Grounded on the H1FY2022 figures, the IPO is priced at an EV/ EBITDA of27.5 times and the price-to- deals at2.5 times the upper price band of the IPO,” said Angel One.
“ We believe that the company’s omnichannel platform will help deliver strong growth in future. Hence, we’re assigning a‘ subscribe’recommendation to the MedPlus Health Services IPO,” it added.
Several other brokerages have given an‘ subscribe’ standing to the IPO grounded on long- term growth and its omni- channel presence.