The allotment status of shares of Medplus Health Services is likely to be finalized Monday. The Medplus Health Services IPO received an overwhelming response from investors when it opened for subscription earlier this month. The first offer was received 52.6 times.
Those who have invested in the Medplus Health IPO will be able to check the status of their stock application on December 20. Investors can check the allotment status of Medplus Health’s shares on the exchange through the BSE website. There will also be an option to check the allotment status of Medplus Health IPO shares through the website of the registrar — KFin Technologies Private Limited.
Once Medplus Health shares have been allocated, the ineligible investors will get their money back on Monday. Shares will be credited to the demat accounts of Eligible Investors on December 22.
How to Check Medplus Health IPO Share Assignment Status via BSE Website
1) Visit the official BSE website at the URL https://www.bseindia.com/investors/appli_check.aspx
2) You will be taken to a page called ‘Status of Issue Application’. There you need to select the option ‘Equity’.
3) Select ‘Medplus Health Services Limited’ from the drop-down menu next to the problem name.
4) Enter your application number and Permanent Account Number (PAN).
5) Then click on ‘I am not a robot’ to verify yourself and click on ‘Search’. Here you can see the status of the request.
How To Check Medplus Health IPO Assignment Status From Registrar’s Website (KFin Technologies Private Limited)
1) Visit KFin Tech Pvt Ltd website at URL https://ris.kfintech.com/ipostatus/
2) From here you have to select one of the five available servers
3) Select the name of the IPO from the drop down menu i.e. Medplus Health Services Limited. The name will only be populated when the shared file mapping process is complete
4) Then you need to select one of the three modes: application number, DPID/client ID or PAN ID
5) Enter the details of the mode you selected in step ‘4’
6) Click on the search option
7) After this, your assignment status will be visible
The Medplus Health Services IPO received bids for a whopping 66,13,67,268 shares against a total issue size of 1,25,75,154 shares. The portion allocated to qualified institutional investors (QII) was booked 111.89 times.
Medplus Health Services GMP:
The privately held share of Medplus Health Services Ltd traded at Rs 220 in the gray market on Dec. 20, according to IPO Watch.
Founded in 2006, Medplus Health Services is the second largest pharmacy chain in India. With more than 2,000 stores, the Medplus Health Services network spreads across Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Odisha, West Bengal and Maharashtra. It offers a wide range of products including pharmaceutical and wellness products (drugs, vitamins, medical devices and test
kits) and fast-moving consumer goods, such as home and personal care products, including toiletries, baby care products, soaps, detergents and disinfectants.
Medplus Health Services Limited IPO open for enrollment Dec 13-15. The price band was set at Rs 780-796 per share of shares with a par value of Rs 2 each. Medplus Health Services’ initial offer consisted of a new share issue worth Rs 600 crore and an offer for sale (OFS) of shares worth Rs 798.29 crore by shareholders to sell. The company wanted to raise a total of Rs 1,398.29 crore. The net proceeds from the new issuance will be used to fund the working capital needs of subsidiaries, Optival and general corporate purposes.
Read all the Latest News, Breaking News and Coronavirus News here.