For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

MedPlus Health Lists At 31% Premium To Issue Price Of Rs. 796

|

MedPlus as reflected by its GMP and amid improved sentiments listed at Rs. 1015 on the BSE. On the NSE, the stock opened at a price of Rs. 1040, a 31 percent premium in comparison to the issue price of Rs. 796 per share.

 
MedPlus Health Lists At 31% Premium To Issue Price Of Rs. 796

The market sentiment have comparatively improved as Omicron related worries have eased and the GMP of the stock a day prior to the listing has been Rs. 180 as per ipowatch.in. While as per another publication the GMP has gone down to Rs. 90-100 apiece, a premium of 10-12 percent in comparison to its issue price of Rs. 796. So, the listing price can be likely between Rs. 886-896 per share.

The premium listing anticipated for the issue is owing to strong financial as well as business model.

The issue of Med Plus that ran between December 13-15 saw huge investor interest with bids received about 53 times.

The Rs 1,398 crore IPO consisted of a Rs 600 crore fresh issue and an offer for sale by selling stake of Rs 798.3 crore.

GoodReturns.in

Read more about: ipo listing medplus health
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X