Medplus Health Services IPO Listing at 30.65% Premium
Medplus Health Services had a strong listing on 23rd December and listed at a premium of 30.65%. However, the opening price became the low price for the day as the stock kept scaling higher through the day and closed pretty near to the high point of the day. The stock hardly faced any pressure through the day and kept building on the gains.
With 52.59 times subscription and robust trading in the grey market, Medplus Health Services was always expected to list at a premium to the issue price. However, actual listing was much better than expected by the markets. Here is the Medplus Health Services listing story on 23rd Dec.
The IPO price was fixed at the upper end of the band at Rs.796 which was not surprising considering that the issue was subscribed just 52.59 times overall with strong contribution from the HNI and the QIB segment.
The price band for the Medplus Health Services IPO was Rs.780 to Rs.796. On 23rd Dec, the stock of Medplus Health Services listed on the NSE at a price of Rs.1,040, a premium of 30.65% on the issue price of Rs.796. On the BSE also, the stock listed at Rs.1,015 a premium of 27.51% on the issue price.
On the NSE, Medplus Health Services closed on 23rd Dec with a sharp spike at a price level of Rs.1,120, a first day closing premium of 40.7% on the issue price of Rs.796. The closing price was also 7.69% above the listing price due to the sharp bounce during the day.
On the BSE, the stock closed at Rs.1,120.85, a first day closing premium of 40.81% on the issue price, but the stock also closed 10.43% above the listing price. On both the exchanges, the stock listed at a healthy premium to the issue price, and during the day the stock kept building on the robust listing to close much higher.
On Day-1 of listing, Medplus Health Services touched a high of Rs.1,143.90 on the NSE and a low of Rs.1,040. On Day-1 of listing, the Medplus Health Services stock traded a total of 184.08 lakh shares on NSE amounting to value of Rs.2,001.64 crore. On 23-Dec, Medplus Health Services was the most active stock on the NSE by traded value but eighteenth highest based on number of shares traded.
On the BSE, Medplus Health Services touched a high of Rs.1,143.10 and a low of Rs.1,015. On BSE, the stock traded a total of 11.99 lakh shares amounting to value of Rs.129.73 crore. Medplus Health Services
was the most active stock on the BSE in terms of trading value.
At the close of Day-1 of listing, Medplus Health Services had a market capitalization of Rs.13,372 crore with free-float market cap of Rs.3,611 crore.
In the week gone by, Nifty traded with higher volatility as the index corrected during mid-week upto 21860, but it then witnessed a smart recovery to register new record high and the index ended the week just below 22400 with weekly gains of three-fourth of a percent.
- Mar 02, 2024Read More
As India shifts to a greener future, the electrically powered cars and trucks market will rise significantly in 2024. This article investigates the best EV stocks in India, highlighting firms leading the way in innovation, sustainability, and market capitalization.
- Mar 01, 2024Read More
Navigating the many options for banking services becomes a crucial task for both individuals and enterprises as we enter the Indian financial scene in 2024. The top banks in India provide a wide range of services that extend beyond traditional banking, serving as cornerstones of the country's financial stability. These best banks in India offer individualized client care and state-of-the-art digital solutions that reflect the changing needs of the financial industry.
- Mar 01, 2024Read More