India's second-largest pharmacy retailer Medplus Health Services mopped up Rs 417.98 crore from 36 anchor investors, ahead of its initial public offering. The company has finalized allocation of 52,51,111 equity shares to anchor investors, at a price of Rs 796 per share, after consultation with merchant bankers.
Medplus Health Services aims to accumulate Rs 1,398.3 crore through its IPO. The offer comprises fresh issuance of shares worth Rs 600 crore, and an offer for sale of Rs 798.3 crore by selling shareholders. The fresh issue proceeds will be utilised for the working capital requirements of its subsidiary, Optival Health Solutions.
Abu Dhabi Investment Authority, Blackrock Global Funds, Nomura, Fidelity Investment Trust, Goldman Sachs are some of the investors who showed interest in the company through the anchor book.
Many domestic investors including HDFC Trustee, Aditya Birla Sun Life, SBI Mutual Fund, ICICI Prudential Life Insurance also invested in the company.
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