MedPlus Health Services IPO Subscription Status Day 2: Issue booked 1.46 times, retail portion filled over 2.64 times

MedPlus Health Services Limited Initial Public Offer (IPO) was subscribed 1.46 per cent around 05:00 pm on Tuesday, December 13, 2021, as per BSE data. Against reserved 1,25,75,154 shares, bids for 1,83,08, 934 shares were made on the second day so far.  

Meanwhile, retail investors were seen subscribing to the issue enthusiastically as the portion reserved for the RIIs category was booked 2.64 times around the same time.  

The issue of the second-largest Pharmacy retailer in India saw employees' quota being filled 1.73 times. The Non-Institutional Investors (NIIs) portion saw bidding being made for 0.50 times, while the QIBs booked the issue 0.09 times on day 2. 

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On Day 1, MedPlus Health Services Limited Initial Public Offer (IPO) was subscribed 70 per cent around 5 pm on Monday, December 13, 2021.

Medplus had a fixed price band of Rs 780-Rs 796 for this IPO. One lot consists of 18 equity shares. An investor can apply for a minimum of one lot or 18 equity shares and in multiples thereof. The maximum subscription amount for a retail investor has been capped at Rs 2 lakh, while for eligible employees, it is Rs 5 lakh.  

Maximum bid quantity for the QIB investors 12,503,916 equity shares in multiple of 35 Equity Shares, while for NIB Investors 8,931,366 equity shares in multiple of 35 Equity Shares.  

Axis Capital Limited, Credit Suisse Securities (India) Private Limited, Edelweiss Financial Services Limited and Nomura Financial Advisory and Securities (India) Private Limited are Book Running Lead Managers (BRLMs), while the sponsor bank is Axis Bank Limited.  

The three-day initial public offer (IPO) that opened on Monday will close on December 15. The issue comprises a fresh issue of up to Rs 600 crore and an offer for sale (OFS) of up to Rs 798.29 crore.  

MedPlus IPO Timeline  
Application start date: December 13, 2021  
Application end date: December 15, 2021  
Allotment begins on: December 20, 2021  
Refund initiation date: December 21, 2021  
Allotment finalisation date: December 22, 2021  
Listing date: December 23, 2021  
 

Dates as per Upstox