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Below is quote on Medplus IPO to open on 13th December 2021, with an issue size of ₹1,398 crores By Mr. Yash Gupta, Equity Research Analyst, Angel One Ltd

Medplus Health Service Limited announced its IPO, IPO will open on 13^th December 2021 with an issue size of ₹1639 crores which includes a fresh issue of ₹600 crores and an offer for sale of ₹798 crores. Medplus health service limited is Hyderabad based company, was incorporated in 2006. Medplus is one of the largest pharmacy chains in India, company offer different type of pharmaceutical and wellness products. Currently, the company is operating in more than 300+ cities in India and has more than 1500+ offline stores. The company has fixed the price band of the IPO at ₹780-₹796 and IPO will open for subscription from 13^th December 2021 to 15^th December 2021. We have a neutral outlook on Medplus Health Service Limited IPO.

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