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Medplus Health Services IPO to open on December 13

India’s second-largest pharmacy retailer Medplus Health Services has decided to launch its initial public offering on December 13 and fixed a price band at Rs 780-796 per equity share.

The company is planning to mop up Rs 1,398.29 crore through its public issue that consists of fresh issuance of shares worth Rs 600 crore and an offer-for-sale of shares worth Rs 798.29 crore by selling shareholders.

The Investor PI Opportunities Fund - I is going to sell shares worth Rs 623 crore and SS Pharma LLC Rs 107 crore worth shares through offer-for-sale.