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Medplus IPO: Pharma sector company Medplus IPO to open on December 13, know issue price

Medplus IPO: The Rs 1398 crore IPO of MedPlus Health Services under the Medicines Retail Series will open on December 13. The company has kept the price band for the IPO at Rs 780 to 796 per share. The company has said today that the three-day long IPO will close on December 15 and bidding for anchor investors will open on November 10.

New shares worth Rs 600 crore will be issued
Under the IPO, new shares worth Rs 600 crore will be issued. Apart from this, the promoters and existing shareholders will make an offer for sale (OFS) of shares worth Rs 798.30 crore. The company has reduced its OFS size from Rs 1,038.71 crore to Rs 798.30 crore.

5 crore shares reserved for the company’s employees
In this issue, shares worth Rs 5 crore will be reserved for the employees of the company. Employees will also get a discount of Rs 78 per share from the fixed issue price.

This year dominated the IPO market
The country’s IPO market is in full swing this year. Even today the IPO of RateGain Tech is open and it is a company providing technology solutions in the segment of travel. Now the IPO of Medplus, a retail chain company of the pharma sector, will open on December 13.

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