Medplus IPO sees bumper subscription: Allotment, listing date, review and more

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Medplus IPO

Medplus IPO, which opened for subscription on December 13th has been subscribed by **52.6 times** at the end of the final day of the issue. The company had looked to raise Rs **1,398.30 crore**. **Medplus IPO: Subscription details** The portion reserved for Qualified institutional investors making up **50%** of the issue, got subscribed by **111.9 times**. Non-institutional investors' portion saw an overall subscription of **85 times**. Retail portion saw the lowest demand, with the portion reserved for them (35%) getting an overall subscription of **5 times**. The details of subscription numbers across categories is listed below. |**Category**|**Subscription (times)**| | - | - | |QIB|111.9| |NII|85| |Retail|5| |Total|52.6| **Medplus** **IPO: recap** INDmoney had given a Positive rating on the issue “Given the company’s strong product profile and footprint, healthy rise in topline, robust increase in profits, healthy margins, and good return ratios, we remain “Positive” on the long-term prospects of the issue,” we had said in our [**December 9th report.**]( **Medplus IPO allotment date** The finalization of Basis of Allotment for Medplus IPO will be done on Dec 20, 2021, and the allotted shares will be credited to your demat account by Dec 22, 2021. **Medplus** **IPO listing date** The Medplus IPO listing date is yet to be announced. The tentative date of Medplus IPO listing is Dec 23, 2021.