Medplus shares list with around 31% premium – Times of India

New Delhi: Shares of medplus Health Services was listed on Thursday with a premium of around 31 per cent against the issue price of Rs 796. The share got listed at Rs 1,015, a gain of 27.51 per cent over the issue price. BSE, It rose 40.69 per cent to Rs 1,119.95.
On NSE, it made its debut at Rs 1,040, showing a jump of 30.65 per cent.
its market valuation 13,083.06 crore stood at Rs.
initial public offering of pharmacy retail chains Medplus Health Services Limited It was subscribed 52.59 times last week.
Rs 1,398.3 crore IPO The price range was Rs 780-796 per share.
Medplus was founded in 2006 by Gangadik Madhukar Reddy, who is the Managing Director and Chief Executive Officer of the company.
The Hyderabad-based pharmacy retailer offers a wide range of products, including pharmaceutical and wellness products, such as medicines, vitamins, medical equipment and test kits, and household and personal care items such as FMCG products, including toiletries, baby care products, Includes soap. Detergent and sanitizer.
MedPlus was also the first pharmacy retailer in India to offer an omnichannel platform and continue to grow its retail store network.

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