Healthy debut for MedPlus Health Services as it ends session at 41% premium

Premji Invest's PI Opportunities Fund and Natco Pharma were among the selling shareholders

The stock of pharmacy chain MedPlus Health Services made a strong debut on the bourses. The stock got listed at Rs 1,015 — a 27.5 per cent premium to its issue price. The stock ended the session at Rs 1,120.85 — 41 per cent above its issue price.

After listing, the company has a market capitalisation of Rs 13,372 crore. MedPlus had set a price range of Rs 780-796 per share for its Rs 1,398-crore initial public offering (IPO). The IPO of the Warburg Pincus-backed company comprised a fresh issue of Rs 600 crore and an offer for sale (OFS)