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Shares of MedPlus Health Services

Shares of MedPlus Health Services

 Shares of MedPlus Health Services Info

Name: Shares of MedPlus Health Services
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Shares of MedPlus Health Services will hit the market on December 23, know the possibility of listing gains,
Analysts say that even if the premium in the gray market has decreased due to market fluctuations, the stock may have a listing gain.
Written By FE Online
December 22, 2021 10:02:00 pm
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Good prospect of listing gain in shares of MedPlus
The largest pharmacy retail chain MedPlus Health Services is going to be listed on December 23. Investors are concerned about whether its stock is listed at a premium. The question is whether investors will gain listing. According to IPO Watch, shares of MedPlus are trading at a premium of Rs 150 to 180 in the gray market, which is 18-22 per cent higher at an IPO price of Rs 796. However, this is lower than the rate that was running in the gray market on the day of IPO launch. At that time it was trading at Rs. 1,096 per share. In fact, it is declining due to the decline in the secondary market.

The stock may be listed at a premium
However, analysts say that the stock may be listed at a premium. Even if the gray market premium has decreased due to market fluctuations, there may be a listing gain in this stock. The IPO received a good response from investors during the subscription period of December 3-15. This IPO was subscribed 53 times. Qualified Institutional Buyers i.e. QIBs subscribed 112 times, while Institutional Investors subscribed 85 times. Retail investors and employees also responded well to the issue. Received 5.23 and 3.05 times subscriptions from them respectively.

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The financial performance of the company is good
The Rs 1,398 crore IPO includes a new equity share of Rs 600 crore and a sale offer (OFS) for promoters and existing shareholders for shares worth Rs 798 crore. Will be used to complete. MedPlus had earned a profit of Rs 63.11 crore during the financial year 2020-21. While in the financial year 2019-2020, it had achieved a profit of just Rs 1.79 crore. During this period, the company's revenue has increased from Rs 2,870.6 crore to Rs 3,069.26 crore.
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