MedPlus raises Rs 417.98 crore from 36 anchor investors

Hyderabad: Hyderabad-based MedPlus Health Services, the second largest pharmacy retail chain in India has allotted 52,51,111 equity shares to 36 anchor investors and raised Rs 417.98 crore ahead of the company’s proposed IPO at the upper price band of Rs 796 per share. Non-anchor offer will open on December 13 and be available up to […]

Hyderabad: Hyderabad-based MedPlus Health Services, the second largest pharmacy retail chain in India has allotted 52,51,111 equity shares to 36 anchor investors and raised Rs 417.98 crore ahead of the company’s proposed IPO at the upper price band of Rs 796 per share.

Non-anchor offer will open on December 13 and be available up to December 15, 2021. The price band of the issue is Rs 780-796 per share. Minimum bid quantity is 18 shares and in multiple thereof.

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The anchor book constituted marquee investors including sovereign wealth funds such as Abu Dhabi Investment Authority; foreign institutional investors such as Blackrock Global Funds, Fidelity Investment Trust, Nomura Funds Ireland, Goldman Sachs Funds, Morgan Stanley India Investment Fund and Carmignac.

The investors also include domestic mutual funds such as SBI, HDFC, Nippon, Aditya Birla and Kotak Mahindra, and insurance companies such as HDFC Life, ICICI Pru Life Insurance and SBI Life Insurance and others.

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