 "initial public offerings")
Pharmacy chain Medplus Health Services’ IPO saw 52.6 times more demand than the shares on offer. The IPO garnered bids worth over Rs 52,000 crore. The qualified institutional buyer (QIB) portion of the IPO garnered 111.9 times subscription, high-networth individual (HNI) portion was subscribed over 85 times and retail portion saw over 5 times subscription.
The price band for Warburg Pincus-backed company’s Rs 1,398-crore IPO was set at Rs 780-796 per share.
Through the IPO, Medplus raised Rs 600 crore in fresh capital. The remaining Rs 798 crore was an offer for sale (OFS). Among the selling shareholders were Premji
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