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Below is quote on Medplus Health Services Limited- Should investors apply for the IPO By Mr. Yash Gupta, Equity Research Analyst, Angel One Ltd   

Medplus Health Services Limited IPO opens today, with an issue price of ₹780-₹796 and a bid lot of 18 shares and thereafter. IPO will be open for subscription till 15th December 2021 and the expected date of listing is 23rd December 2021. We have a Subscribe rating on Medplus Health Services Limited IPO. Based on H1FY2022 numbers, the IPO is priced at an EV/EBITDA of 27.5 times and price to sales at 2.5 times at the upper price band of the IPO. Medplus is the second largest pharmacy retailer in India, company offer good value proposition to its customer in terms of discount, a wide range of product and fast delivery. We believe that the company omnichannel platform will help to deliver strong growth in future. Hence, we are assigning a “SUBSCRIBE” recommendation to the Medplus Health Services Limited IPO.

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