Medplus health IPO -Medplus franchise- Apply or avoid? | Medplus health IPO Analysis

Medplus health IPO -Medplus franchise- Apply or avoid? | Medplus health IPO Analysis

The IPO of Medplus Health Services Ltd will begin today (December 13) and will end on Wednesday.

The public offering of MedPlus, India’s second biggest pharmacy in terms of volume and reach, consists of a new issuance of Rs 600 crore and an offer-for-sale (OFS) of Rs 798.29 crore.

According to IPOWatch, the shares of MedPlus Health Services Ltd were selling at a premium of Rs 300 on the grey market, up from Rs 250 previously.

Several brokerages are bullish on the IPO and have awarded a’subscribe’ rating, citing the fact that the firm has a great chance for development because organised retail pharmacy accounts for just 10% of total retail pharmacy and there is a steady movement from unorganised to organised pharmacy.

Medplus( Medplus franchise) is India’s second biggest pharmacy store; the firm provides an excellent value proposition to its clients in terms of pricing, product variety, and quick delivery.

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