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Shares of MedPlus Health Services jump nearly 41% in debut trade

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shares of Healthcare was listed on Thursday with a premium of around 31 per cent against the issue price of Rs 796 and closed with a gain of around 41 per cent.

The stock got listed at Rs 1,015, up 27.51 per cent against the issue price on BSE. It rose 43.60 per cent to Rs 1,143.10 during the day. It closed at Rs 1,120.85, up 40.81 per cent.

On NSE, it made its debut at Rs 1,040, showing a gain of 30.65 per cent. It closed at Rs 1,120, up 40.70 per cent.

Its market valuation was Rs 13,372.38 crore.

In volume terms, 11.99 lakh shares were traded on the BSE and over 1.84 crore shares on the NSE.

Pharmacy retail chain initial public offering Health Services Ltd was subscribed 52.59 times last week.

Rs 1,398.3 crore Its price range was Rs 780-796 per share.

was established in 2006 by Gangadi Madhukar Reddy, who is the Managing Director and Chief Executive Officer of the company.

The Hyderabad-based pharmacy retailer offers a wide range of products, including pharmaceutical and wellness products, such as medicines, vitamins, medical equipment and test kits, and household and personal care items such as FMCG products, cosmetics, baby care products, soaps and Huh. Detergent and sanitizer.

MedPlus was also the first pharmacy retailer in India to offer an omnichannel platform and continue to grow its retail store network.

(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is generated automatically from a syndicated feed.)

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Hassaan Minhas

Hassaan is a journalist at UsamaSpeaks.com and he deals with Latest News, India News, and Tech News. Hassaan is a very professional and authentic news journalist.

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