IPO subscribed 1.5 times on the second day, last day to apply today. Check details here

New DelhiMedPlus Health Services’ initial public offering (IPO) was underwritten 1.5 times on Tuesday, its second bidding day. The issue resulted in claims for 1.83.08.934 shares against the issue size of 1.25.75.154 shares, according to an Economic Times report. The online pharmacy retailer plans to raise Rs 1,300 crore through the IPO.Read also – Women’s World Cup 2022: the ICC announces the tournament program; India will face Pakistan on that date

The new issue consists of a new issue of shares valued at Rs 600 crore and the offloading of promoters’ shares valued at Rs 798.30 crore, according to the ET report. Today, December 15, is the last IPO application date. The call for tenders was opened on Monday, December 13. Read also – Of Indian origin, Leena Nair is the new global CEO of the French luxury group Chanel

Details of the MedPlus IPO. Check the latest details here

  • MedPlus IPO: the nominal value of each share is Rs 2.
  • the price scale of the share was set between Rs 780-796 per share.
  • MedPlus IPO Lot Size: Investors can bid on a minimum of 18 shares, one lot, then, in multiples of 18 thereafter.
  • A batch of MedPlus shares will cost Rs 14,328.
  • Employees will benefit from a discount of Rs 78 per share on the final issue price. Rs 5 crore have been set aside for them.
  • The work on the new issue will be used to meet the working capital needs of Optimal, a subsidiary of MedPlus.

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