Medplus Health Services’ IPO: Here is how to check allotment status

• Pharmacy retail chain Medplus Health Services IPO has been subscribed 52.59 times in three days of IPO bidding process.
• The company intended to raise ₹1,639 crore through the IPO
• Shares of the company are demanding a premium of ₹250 in the grey market today, indicating good listing gains.

If you have applied for Hyderabad-based pharmacy retail chain Medplus Health Services, note that the company is likely to open its allotment today, December 20. The issue was open for subscription between December 13 to December 15.

In the three days of IPO bidding process, the issue has been subscribed 52.59 times with great demand from qualified investors i.e.111.90 times.

The company is India's second-largest pharmacy retailer in terms of the number of stores and revenue. It sells a wide range of products, including pharmaceutical and wellness products — medicines, vitamins, medical devices and test kits, and fast-moving consumer goods — home and personal care products, toiletries, baby care products, soaps and detergents, and sanitisers.

The IPO consists of a fresh issue of ₹600 crore worth of shares and an offer for sale of shares worth ₹798.29 crore by selling shareholders.

It has grown from operating 48 stores in Hyderabad to now operating a retail network of over 2,000 stores across Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Odisha, West Bengal and Maharashtra, as of March, 2021.

Medplus’s profit went up sharply in FY21 to ₹63 crore from just ₹1.79 crore last year.

Here is how to Medplus Health Services IPO allotment status on stock exchange website:

• Go to the BSE website or NSE website here.
• On BSE, Select 'Equity' and then from the dropdown, select ‘Medplus Health Services’.
• Now, enter your application number and PAN.
• Click on 'Search'.
• Please note the details will only be available once the shares are allotted.

You can also visit the registrar website (Link Intime India) to check your application status.

• Visit the registrar's website here.
• Click on 'Select company' and click on ‘Medplus Health Services’.
• Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.
• Enter the captcha and click ’submit’.

Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you.

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