INSUBCONTINENT EXCLUSIVE:
MedPlus has allotted 52.51 lakh equity shares to anchor investors at Rs 796 apiecePharmacy retail chain MedPlus Health Services has
company has allotted 52.51 lakh equity shares to anchor investors at Rs 796 apiece, aggregating to Rs 417.98 crore, according to BSE
circular.Abu Dhabi Investment Authority, BlackRock Global Funds, Fidelity, Nomura, Goldman Sachs, Morgan Stanley, HFFC Life Insurance
Company, ICICI Prudential Life Insurance Company and SBI Life Insurance Co Ltd, SBI Mutual Fund (MF), and Aditya Birla Sun Life MF are among
the anchor investors.The Rs 1,398-crore initial share sale comprises fresh issuance of equity shares worth Rs 600 crore and an offer for
with a price band of Rs 780-796 per equity share will open for public subscription on December 13 and conclude on December 15.The issue
includes a reservation of equity shares worth Rs 5 crore for the company's employees, who will receive those shares at a discount of Rs 78
per share to the final issue price.The company will use the proceeds of the fresh issue for funding the working capital requirements of the
Half of the issue size has been reserved for qualified institutional buyers (QIBs), 15 per cent for non-institutional investors, and 35 per
cent for retail investors.The Hyderabad-based pharmacy retailer offers a wide range of products, including pharmaceutical and wellness
products, such as medicines, vitamins, medical devices and test kits, and FMCG products like home and personal care items, including
omnichannel platform and continues to scale up its retail store network.Axis Capital, Credit Suisse Securities (India), Nomura Financial
Advisory and Securities (India) and Edelweiss Financial Services are the book running lead managers to the issue
The equity shares are proposed to be listed on BSE and NSE
