MedPlus IPO Subscription Status {Live Data Day 1}
Written by Luck Wilson on December 12, 2021
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 retailer. 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
MedPlus IPO Subscription Status (Live Data Day 1)
| Category | Day 1 | Day 2 | Day 3 |
| QIB | – | – | – |
| NII | – | – | – |
| RII | – | – | – |
| Total | – | – | – |
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: | N/A |
| 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:
The IPO subscription starts on 13 December 2021 for QIB, NII, and Retail Investors.
The IPO subscribed -x times on day 1.
The RII subscription is -x on day 1.
You can go with ASBA and Non ASBA option for subscription. Go to your bank account and apply IPO online via ASBA or download form online or get the physical form and submit the filled form to your broker or bank.
One can visit our portal for live IPO subscription numbers that we are updating hourly basis from the official website NSE and BSE website. One can check the live subscription on BSE or NSE website on the particular IPO page.
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