MedPlus Health IPO Allotment Status, Share Price, GMP Today

If you have applied for the IPO of Medplus Health and want to check the status of the order? In this article, we have tried to provide all of the information regarding the status of Medplus Health’s IPO.

Medplus Health IPO

MedPlus is the second-largest pharmacy chain in India. In 2015 it operates 1,300 stores in 150 cities in India and employs around 10,000 people in retail. MedPlus sells prescription and over-the-counter drugs, FMCG products, vitamins, and other dietary supplements, and eyeglasses. 

Medplus Health IPO
Medplus Health IPO

It also provides clinical laboratory services and medical advice services in Hyderabad, Vijayawada, and Bengaluru, India. The company owns and operates ePharmacy and an online laboratory service clinic. 

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The initial public offering (IPO) of Medplus Health is scheduled to end today, December 20th. Medplus Health India Pvt Limited, the parent company of Medplus Health, has raised Rs. 1,398.30 crore for its initial public offering. The Medplus Health IPO was subscribed 52.59 times on December 15, the last subscription day.

After underperforming in fiscal 2020, the company achieved great results and its IPO was aggressively valued based on those results. While the sustainability of such margins is a problem, the IPO price also seems inflated. a long-term investment while others can discard it. 

Provided the specifics: The public offer includes a reissue of 600 million shares and an OFS offer of 798.29 million shares by the selling shareholders for a total of Rs 1,398.29 million. sell shares valued at Rs 623 crore, and SS Pharma LLC will sell shares valued at Rs 107 crore. 

Check The IPO Allotment Status of Medplus Health

Now Medplus Health India Pvt Limited is finalizing its IPO Allotment which can be verified online through the official BSE portal or the Registrar portal. 

Here we have updated all the details like IPO award date, share price, bids received and Gray Market Premium (GMP), etc. You can check all the details with the analysis provided below.  

Medplus Health IPO Allotment Status Details
IPO Name   Medplus Health India Pvt Limited 
Official Registrar    KFintech India Private Ltd 
Face Value  Rs. 2 per equity share 
IPO Price Band   Rs.780 to Rs.796 per Equity share 
Listing at  BSE & NSE 
Market Lot    18 Shares 
Minimum Order Quantity  18 Shares 
Date of IPO Allotment  20th December 2022 
Official portal of the company 
Official Website of KFintech 

IPO Allotment Date

On December 13, 2022, the Medplus Health IPO has opened with an initial public offering volume of Rs 1,398.30 crore. The IPO was registered by the registrar KFintech India Private Limited.

The IPO ended on December 15 and was signed 52.59 times on the last day. Medplus Health’s IPO is slated to end on December 20th. 

The refund status for this IPO will close on December 21st and will be posted on December 22nd. Medplus Health’s IPO will be listed on the leading platforms BSE and NSE India on December 23rd. The price range for Medplus Health’s IPO is between 780-796. 

Important Dates 
IPO Opening Date  13th December 2022 
IPO Closing Date  15th December 2022 
Basis of Allotment Date  20th December 2022 
Initiation of Refunds  21st December 2022 
A credit of Shares to Demat Account  22nd December 2022 
IPO Listing Date  23rd December 2022 

IPO Review So Far

It has a significant stake in the organized retail pharmacy industry in these states, accounting for approximately 30% of sales from operations in Chennai, 29% in Bengaluru, 30% in Hyderabad, and 22% in Kolkata. 

In 2015, Medplus was the first pharmacy in India to offer an omnichannel platform and began to focus aggressively on online sales in the 2020 financial year. 

A real-time inventory analysis platform supports the company’s supply chain, supplemented by an algorithm-controlled, automated warehouse picking and replenishment system. Typically, you buy your stocks direct from drug companies. 

Lot Size 2022 

Company employees will receive a share reserve worth 5 billion rupees as part of the offer. Purchase shares at a discount of Rs 78 per share compared to the final offer price. 

Qualified institutional buyers receive half of the net issue, non-institutional bidders receive 15%, and private investors 35%. 

How To Check The Allotment Status Online?

Medplus Health’s IPO grant status is available on the BSE India website and the registrar website of KFintech India Private Limited. You can check the Medplus Health assignment status and other details online using the detailed instructions below. 

How to Check Medplus Health IPO Allocation Status Via BSE India Website 

  1. To check IPO allocation please first open BSE’s official website or use the link provided on this page. 
  2. Then you have to select the type of issue (Equity or Debt) and the name of the issue (Medplus Health IPO). 
  3. You then have to enter your application number. 
  4. Enter your PAN number in the next tab. 
  5. Now select the option “I am not a robot”. 
  6. And when done click Submit and your task status will show on the screen. 

How to Check Medplus Health’s IPO Assignment Status Using Registrar

  1. Open the KFin Technologies Pvt. Ltd portal. 
  2. Now select the IPO name from the drop-down menu. 
  3. Enter your PAN number in the next section. 
  4. Then click on Send and check the status of your IPO order. 

MedPlus Stock Price 2022

Medplus posted a profit of Rs 63.11 billion for FY 21, compared to Rs 1.79 billion a year earlier. Income rose to Rs 3,069.26 billion from Rs 2,870.6 billion in the same period. 

Profit for the six months to September 2022 was Rs 66.36 billion, compared to Rs 22.27 billion in the previous year, while the turnover was Rs 1,879.92 billion, after Rs 1,462.55 billion in the previous year. 

So we hope you got all the details regarding the MedPlus Health IPO Allotment Status, Share Price, GMP 2022 in the above article. You can also mention your queries in the comment section, we will surely respond with solutions

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8 thoughts on “MedPlus Health IPO Allotment Status, Share Price, GMP Today”

  1. HiI have bidded for medplus ipo but till date i have neither got allotment nor refund of my funds, please help me to look into it.I AM NOT ABLE TO SEE SHARE IN MY DEMATE ACCOUNT AND MY HOLDING IS ALSO NOT REVOKED.


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