Quote on Medplus Health Services Limited IPO last day for subscription, what’s expected listing gains? By Yash Gupta, Angel One Ltd
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Below is quote on Medplus Health Services Limited IPO last day for subscription, what’s expected listing gains? By Mr. Yash Gupta, Equity Research Analyst, Angel One Ltd
Medplus Health Services Limited IPO fully subscribe on day 2 itself and now overall IPO subscribed 1.81 times. Company is receiving good response from retail investors as retail investor portion subscribed by 3.04 times.
As per market reports Grey Market Premium (GMP) is trading at around 26% i.e ₹210 above issue price, so if investors receive the allotment then expected listing gains will be around ₹3780 per allotment. Looking at the valuation on the issue price, the company’s 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. Which is better than the listed peers. We have assigned a Subscribed rating to the IPO.
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