Medplus Health Services Limited which is tapping the capital markets with its fresh issue for Rs 600 crs and an offer for sale of Rs 798.29 crs in a price band of Rs 780-796 completed allocation to anchor investors. The issue opens on Monday the 13th of December and closes on Wednesday the 15th of December.
The discovered price on BSE was Rs 1,015 at which price 2,35,329 shares were traded. The discovered price on NSE was Rs 1,040 at which price 39,65,005 shares were traded.
The company allotted 52,51,111 shares to 25 anchor investors comprising of 36 entities. The top allocation was made to four anchor investors equally who were allotted 3,46,086 shares or 6.59% each. These were Abu Dhabi, Blackrock, Fidelity and Nomura. This was followed by five domestic funds being allotted an equal 3,01,518 shares or 5.74% of the anchor book each. The top nine anchor investors were allotted 55.06% of the anchor book. Seven Domestic funds comprising of 18 entities were allotted 17,96,238 shares or 34.21% of the anchor book.
The overall issue was subscribed 53.67 times. QIB portion was subscribed 114.19 times, HNI portion was subscribed 87.08 times, Retail portion was subscribed 5.34 times and Employee portion was subscribed 3.12 times. There were 16.36 lac applications and on basis of lots, Retail portion was subscribed 4.81 times.
The high of the day on BSE was Rs 1,143.10, the low was Rs 1,015 and the close was Rs 1,120.85. The gain was Rs 324.85 or 40.81%. On NSE, the high of the day was Rs 1,143.90, low was Rs 1,040 and the close was Rs 1,121.15 a gain of Rs 325.15 or 40.85%.
| Exchange | Open | High | Low | Close | Net Change | % Gain/ Loss | Wt.Avg | Volume | Delivery | Del %age |
| BSE | 1015.00 | 1143.10 | 1015.00 | 1120.85 | 324.85 | 40.81 | 1081.95 | 1199056 | 745113 | 62.14 |
| NSE | 1040.00 | 1143.90 | 1010.00 | 1121.15 | 325.15 | 40.85 | 1087.40 | 18407607 | 9461084 | 51.40 |
| Total | 19606663 | 10206197 | 52.05 |
The traded volume on the two exchanges combined was 196.06 lac shares which was 1.10 times the IPO size of 178.26 lac shares and 1.56 times the non-anchor portion of 125.75 lac shares. Delivery volume was 102.06 lac shares which was 52.05 % of the traded volume. It was 57.25 % of the issue size and 81.16 % of the non-anchor portion. The weighted average of the day’s trade was Rs 1081.95 on BSE and Rs 1087.40 on NSE.
In terms of institutional or bulk trade, none were reported on either BSE or NSE. The traded volumes were decent and so were the delivery volumes. Investors have chosen to cash out with decent gains of 40% on the counter. With no names available for buyers, one wonders who they are.
A decent listing on day one with appreciation for all investors. Retail participation was low and the stiff valuations with which the IPO came could have been a dampener.
