MEDPLUS HEALTH IPO GMP TODAY (LIVE DATA) Latest Grey Market Premium Updates

Medplus Health Services IPO GMP Today, Medplus Health IPO Grey Market Premium Updates | Medplus Health IPO Listing Gain, Latest target, Opening gain

Medplus Health Services IPO date fixed, the initial public offer (IPO) to hit the market on December 13, 2021. Medplus Adhesives IPO to raise ₹1398 crores via IPO. The retail quota is 35% with QIB 50% and HNI 15%.

Medplus Health Services is India’s second-largest pharmacy retailer in terms of the number of stores and revenue. The company offers pharmaceutical and wellness products i.e. medicines, vitamins, medical devices, test kits, and fast-moving consumer goods i.e. home and personal care products, baby care products, sanitizers, soaps, and detergents, etc. It is also the first pharmacy retailer in India to offer an omnichannel platform wherein customers can purchase products through stores, place orders over the telephone, online orders, and a Click and Pick facility.

As of June 31, 2021, the company has a strong pharmacy retail network of 2,165 stores across Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Odisha, West Bengal, and Maharashtra.

Check out Medplus Health IPO grey market premium, Kostak rates, and subject to sauda rates as of today.

Medplus Health IPO Details:

Issuer Medplus Health Services Limited
Issue Type Book Built Issue IPO
Issue Period Issue Opens: Dec 13, 2021
Issue Closes: Dec 15, 2021
Price Brand ₹780 to ₹796 Per Share
Issue Size ₹1398 Crores
Face Value Rs.2 per Equity Share
Market Lot 18 Shares
Maximum Bid amount for Retail Rs.186,264
QIB 50% of the issue size
NIB 15% of the issue size
Retail Individual Bidders 35% of the issue size
Fresh Issue ₹600 Cr
Offer for Sale ₹798 Cr
Listing at NSE & BSE
Apply With Upstox Free DEMAT Account
Equity  Shares
Grey Market Price Medplus Health IPO GMP Today

Medplus Health IPO GMP Rates day by day

Medplus Health IPO Grey market premium as of today

Date GMP (in INR) Kostak (in INR) Subject to Sauda
HNI COST ₹112
23 DEC 2021
22 DEC 2021 ₹100 ₹600 ₹2500
21 DEC 2021 ₹175 ₹600 ₹2500
20 DEC 2021 ₹170 ₹600 ₹2500
19 DEC 2021 ₹180
18 DEC 2021 ₹220 ₹600 ₹2500
17 DEC 2021 ₹240 ₹600 ₹2500
16 DEC 2021 ₹255 ₹600 ₹2500
15 DEC 2021 ₹210 ₹550 ₹2800
14 DEC 2021 ₹250 ₹600 ₹2700
13 DEC 2021 ₹305 ₹550 ₹3000
12 DEC 2021 ₹300 ₹550 ₹3000
11 DEC 2021 ₹265 ₹500 ₹4000
10 DEC 2021 ₹250 ₹500 ₹4000
09 DEC 2021 ₹300 ₹350 ₹2500
08 DEC 2021 ₹330 ₹400 ₹3000

Medplus Health IPO Market Lot:

 Lot Size:  Minimum 18 Shares & Maximum 234 Shares
 Minimum Amount:  ₹14,328
 Maximum Amount: ₹186,264

Medplus Health IPO Allotment & Listing:

 Basis of Allotment: Dec 20, 2021
 Refunds: Dec 21, 2021
 Credit to Demat Account: Dec 22, 2021
 Listing Date: Dec 23, 2021

How to Apply for Medplus Health IPO?

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How to Apply the Medplus Health IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Medplus Health”. Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Medplus Health IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Medplus Health”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate. Open Demat Account with Upstox.

In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.

PARENT COMPANY FOR SHAREHOLDER QUOTA

IPO ALLOTMENT TIPS & TRICKS

Check:-Medplus Health IPO Allotment Status

Disclaimer:

– IPO Grey Market Premium (IPO GMP) mention is valid for the specific date as mentioned in the header.
– We are not buying and selling IPO forms on IPO Grey Market.
– Kostak Rate is the premium one gets by selling his/her IPO application (in an off-market transaction) to someone else even before allotment or listing of the issue.
– Do not subscribe for IPO by just seeing premium Price as it may change anytime before listing. Subscribe only considering Fundamental of the companies.
– This is only coverage of News related to Grey Market . We don’t deal in Grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

IPO GMP rates are provided as sourced from market intelligence. Please note these IPO GMP rates may be different depending on geographies and markets.

We don’t trade into grey market nor do we facilitate buying or selling of IPO forms.

What is Grey Market?

Grey Market is the term used to describe unregulated over-the-counter market for trading IPO applications and IPO shares before the stock is listed at a stock market. This is a way for dealers to support their customers who may want to exit before listing.

This is also a way to boost the listing price and support the issue before listing happens. There are two kinds of transactions that happen in thee IPO grey market:

  • Trade of IPO shares at a grey market premium
  • Trade of IPO application at a kostak.

What is Grey Market Premium?

GMP or Grey Market Premium is the premium at which equity shares from the IPO are being traded in the grey market.

This could either be a positive or negative – meaning the trading price in the grey market is either higher or lower than issue price respectively, based on demand and supply for the shares.

Typically, investors who do not want to take the risk of allocation not happening through IPO will buy shares in the gray market and hope to flip the shares on listing to make a good profit.

What is Kostak?

Kostak is the premium at which IPO application is being traded in the grey market. Applications are typically traded after the application window is closed but the allotment has not yet been finished.

It is rare for someone to trade IPO application post-allocation. This is a way for investors to increase their chance of shares being allotted as the allocation process treats each retail application equally. An example (indicative) for kostak is:

Example:

IGL Limited
Issue Price: Rs 306 Per Equity Share (Maximum Bid price)
Lot Size: 45
Grey Market Premium: Rs 220 to Rs 230
Kostak (Rs 13770): Rs 680 to Rs 720

This means IGL IPO applications of Rs 13500 are being traded in IPO Grey Market at Rs 695 to Rs 720.

Despite the fact that this IPO’s Grey Market Premium is roughly 75% of the issue price, the ‘Kostak’ is just 5% of the application value.

As can be seen the Kostak is at a much lower %age than GMP. This indicates that the grey market expects the issue to be oversubscribed and expects on an average only one lot to be allocated per application.

Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. This is the amount an investor stands to gain, irrespective of allotment status.

Subject to Sauda simply reflects the amount which an investor stands to get by selling his/her application for firm allotment. The key operative word here is firm allotment. In case of no allotment to the applicant, the sauda stands cancelled.

In case of ‘Subject to Sauda’ deal, while selling IPO application in the grey market, buyer and seller agree that deal is only valid if the seller will get the allotment. If the seller doesn’t get any shares in IPO process, the deal gets avoid.

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