Communication eqpt maker HFCL raises Rs 600 cr fresh funds via QIP route

Medplus Health IPO subscribed 1.5x on penultimate day; Data Patterns subscribed 3.3x on opening

Communication equipment maker HFCL has successfully closed a Rs 600 crore fresh fund raise via the qualified institutional placement (QIP) route. The proceeds will be used for setting up of new manufacturing facilities and product development. Reliance Ventures, Quant Mutual Fund, IIFL Wealth, Elara India, Discovery, Segantii, Millennium are among the investors who subscribed to the QIP, which was priced at Rs 68.75 per share. Shares of HFCL last closed at Rs 80.45 on the BSE.

Medplus Health IPO subscribed 1.5x

The IPO of pharmacy chain Medplus Health Services was subscribed 1.5 times on Tuesday, a day ahead of its