MedPlus IPO subscription is to start from December 13, 2021, Monday. The company to raise ₹1398 crores via IPO at a price band of ₹780 to ₹796. The retail portion of this IPO is 35%, QIB is 50% and HNI is 15% quota. The IPO subscription will close on December 15, 2021, Wednesday. The minimum bid for the IPO is 18 shares that cost ₹14,328 for 1 lot. The face value is ₹2 per equity share. MedPlus is one of the largest pharmacy retailers. MedPlus is providing genuine and unadulterated medicines. They are one of the largest pharmacy chains in India with operating in 300+ cities, with 1500+ offline stores in India. The company reported ₹3901 crores of revenues in 2021 against ₹2888 crores in 2020. Please check the MedPlus IPO details over here.
IPOWatch View
We recommend investors apply for an IPO for short-term and long-term gain. Investors should also look at the QIB and HNI numbers as well as MedPlus grey market premium movement before investing. You can check the MedPlus IPO allotment status here.
MedPlus IPO Subscription Status (Final Data)
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.06 | 0.09 | 111.90 |
| NII | 0.16 | 0.50 | 85.33 |
| RII | 1.29 | 2.64 | 5.24 |
| EMP | 0.76 | 1.73 | 3.05 |
| Total | 0.70 | 1.46 | 52.59 |
MedPlus IPO Date & Price Band
| IPO Open: | 13 December 2021 |
| IPO Close: | 15 December 2021 |
| IPO Size: | Approx ₹1398 Crores |
| Fresh Issue: | Approx ₹600 Crores |
| Offer for Sale: | Approx ₹798 Crores |
| Face Value: | ₹2 Per Equity Share |
| Price Band: | ₹780 to ₹796 Per Share |
| Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | ₹78 for Employees |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
MedPlus IPO Market Lot
The MedPlus IPO minimum market lot is 18 shares with ₹14,328 application amount. The retail investors can apply up-to 13 lots, 234 shares with ₹186,264 application amount.
| Minimum Lot Size: | Minimum 18 Shares for 1 lot |
| Minimum Amount: | ₹14,328 for 1 lot |
| Maximum Lot Size: | Maximum 234 Shares for 13 lot |
| Maximum Amount: | ₹186,264 for 13 lot |
MedPlus IPO Time Table
The MedPlus IPO date is 13 December 2021 and the IPO close date is 15 December 2021. The allotment date is 20 December 2021 and the IPO may list on 23 December 2021.
| Price Band Announcement: | 07 December 2021 |
| Anchor Investors Allotment: | 12 December 2021 |
| IPO Open Date: | 13 December 2021 |
| IPO Close Date: | 15 December 2021 |
| Basis of Allotment: | 20 December 2021 |
| Refunds: | 21 December 2021 |
| Credit to Demat Account: | 22 December 2021 |
| IPO Listing Date: | 23 December 2021 |
MedPlus IPO Subscription FAQs:
When MedPlus IPO Subscription will start?
The IPO subscription starts on 13 December 2021 for QIB, NII, and Retail Investors.
How much MedPlus IPO subscribed?
The IPO subscribed 52.59x times on day 3.
What is MedPlus IPO Retail subscription status?
The RII subscription is 5.24x on day 3.
How to subscribe MedPlus IPO?
You can go with ASBA and Non-ASBA options for the subscription. Go to your bank account and apply for IPO online via ASBA or download the form online or get the physical form and submit the filled form to your broker or bank.
How do I check live MedPlus IPO Subscription Numbers?
One can visit our portal for live IPO subscription numbers that we are updating hourly basis from the official website NSE and BSE websites. One can check the live subscription on BSE or NSE website on the particular IPO page.
