How to apply for the initial public offering of Metro Brands IPO via the Angel One App?

To apply for an IPO using the Angel One app, follow the steps mentioned below – Step 1: Go to the ‘investment opportunities’ section on the mobile app of Angel One Step 2: Visit the ‘IPOs and FPOs’ section and provide the needed information Step 3: Enter your UPI handle certified by NPCI Step 4: After that, click on ‘invest’ and submit your bid for this Metro Brands IPO

Can I submit bids for the IPO of Metro Brands without using a UPI ID?

Yes, you can submit bids for the initial public offering of Metro Brands without using a UPI ID. In that case, you need to take the help of the ASBA process provided by your bank. However, if you do not have a UPI ID, you can generate one without any hiccups by referring to any of the UPI handles on the NPCI List .

Should I accept a UPI mandate immediately?

Yes, you should accept a UPI mandate once you get it. However, this approval window stays open from the closing bell of the last working day to the 12 noon the next one.

How to accept a UPI mandate request for the IPO of Metro Brands?

You can easily accept a UPI mandate request for the Metro Brands IPO through a UPI app. Nevertheless, to study the specifics of this procedure and allied steps, click here.

What is the process of creating a UPI ID through the BHIM app?

To create a UPI ID using the BHIM app, you can refer to the steps mentioned below – Step 1: Download and install the BHIM UPI app on your mobile phone Step 2: Review and authenticate your mobile number and create a PIN or password needed to use this app Step 3: Choose a bank from the list of financial institutions provided on NPCI’s list of approved service providers Step 4: BHIM UPI App will then fetch your bank account details without any manual input Step 5: If you have multiple bank accounts, choose one that you want to register and link with this app Step 6: Create a personal UPI ID for security reasons Afterwards, you can check your UPI ID in the ‘Profile’ section of this app.

Is it possible to apply for the IPO of Metro Brands through a current account?

No, you cannot apply for the public offering of Metro Brands or any other IPO through a current account. Since financial institutions do not approve any bids made via such accounts, you can instead use a savings account for this purpose. Additionally, you can talk to the representatives of your respective banks for more information.

Is it possible to apply for the initial public offering of Metro Brands through my minor daughter’s account?

No, it is not possible to apply for the public issue of Metro Brands or any other company through your minor daughter’s account via the Angel One platform. Conversely, a minor can bid for IPOs using the ASBA process.

Is it possible to apply for the IPO of Metro Brands through a HUF or Hindu Undivided Family account?

No, it is not possible to apply for the IPO of Metro Brands through a Hindu Undivided Family account. However, if you apply for any IPO through the ASBA process, in that case, you can utilise this account.

Can NRIs use the Angel One app to apply for this public issue of Metro Brands?

No, NRIs cannot use the Angel One app to submit bids for this Metro Brands IPO. But, they can always take the assistance of the ASBA (Application Supported by Blocked Amount) process offered by their respective banks to apply for any public issue.

What is the nominal time needed to get a UPI mandate request following the submission of an IPO application for the public issue of Metro Brands?

The minimum time needed to get a UPI mandate request following the submission of an application for this IPO of Metro Brands is 10 to 15 minutes. However, this process can get postponed at times owing to various reasons.

I have failed to submit bids for this public issue of Metro Brands using my existing UPI handle. What is the reason?

The reason for your failure to submit a bid for the IPO of Metro Brands through your current UPI ID is due to the fact that it does not have NPCI’s approval. In such cases, you can generate a new one from the list of service providers who have NPCI’s approval to extend UPI service. You can simply register with any one of them and complete this process.

What is the minimum required time block or unblock the funds of an IPO subscription?

Once you approve a UPI mandate request, banks will freeze the funds necessary for an initial public offering. Nonetheless, these funds will be unblocked only if you fail to get an allotment or if the UPI mandate expires. However, if your funds are not unblocked even after that, get in touch with your bank for further clarification.

Even after accepting the mandate request of Metro Brands’ public issue, its status on the Angel One App is displaying impending. What can be the reason for that?

If you see a pending status against your IPO mandate request of the public issue of Metro Brands or any other company, you cannot do anything. The reason is, Angel One App is not capable of showing real-time updates of UPI Mandate requests. But, if you have sanctioned it, it will then display its actual position on the order book of that IPO after some time.

Are there any added charges required to apply for this public issue of Metro Brands via the Angel One platform?

No, there are no add-on charges necessary to apply for this public issue of Metro Brands using the Angel One platform.

Can I submit more than one bid for a public issue using a single PAN?

No, you cannot submit more than one bid for a public issue via a single PAN. The reason is, in such cases, IPO applications are rejected as per the current guidelines from the Indian Government. Therefore, you will not manage to secure an allotment for this public issue of Metro Brands or any other firm.

What are the probable reasons behind the dismissal of my IPO application for Metro Brands?

Plausible reasons for your Metro Brands IPO application getting rejected can be – ● Failing to assure that your UPI ID, Demat account, and bank account are linked with the same PAN ● Providing a wrong UPI PIN during mandate approval For instance, in case you use your Demat account to bid for this public issue and use your friend’s UPI ID to make payment. In that case, your application can get rejected – ● If your PAN and your friend’s UPI ID are not linked ● If your Demat account is not connected with your friend’s bank account

What is a cut-off price? Can I apply for a public issue at this price?

The cut-off price is a price point at which the shares of Metro Brands or other companies will be listed on the stock market. This is a pre-set price and is principally set during the allotment stage. Moreover, if you bid at this price, it implies that you are willing to bid for Metro Brands’ IPO at this price point. Also, applying at this cut-off price improves your chances of securing an allotment.

I have submitted the final application for this initial public offering of Metro Brands; but, the funds are not debited. So, what is the reason?

The reason for the funds not being debited is that banks do not release funds of an IPO subscription right after you submit a bid. Instead, they will freeze this amount for the time being, and once you receive the allotment, they will debit it eventually. On the other hand, if you fail to get an allotment or your UPI mandate expires, banks will release this amount.

Can I change my subscription bid for the public issue of Metro Brands after finalising the application?

Yes, it is possible to change your subscription bid for the initial public offering of Metro Brands even after finalising the application. Here, you have the provision to alter the UPI Id and the lot size after submitting your bid. Nevertheless, a point to keep in mind here is that, if you make any modifications after approving your UPI mandate request, it will be considered as a new bid. In such cases, banks will block the required amount once again and alongside your current bid amount. Also, you will get a new UPI mandate request for this bid, like before.

How to get a guaranteed allotment for this public issue of Metro Brands?

It is not possible to ensure allotment for any IPO, irrespective of the public issue you decide to apply for. In case of an oversubscription, which is a regular affair, the allocation of shares is completed via a lottery system. So, it is not possible to provide any certainty in this regard. A point to remember here is that the Angel One platform only allows you to apply for an IPO, and it does not offer any guarantee regarding the allotment. Nonetheless, you can still boost up your chances by following some tips – ● Applying at the cut-off price ● Using a Demat Account linked with your PAN ● Confirm that your bank account and UPI ID are linked through a single PAN, and failing to keep that can lead to rejection. For instance, person X has applied for the Metro Brands IPO via his Demat Account but person Y’s UPI ID. In such cases, the application can get rejected due to – ● Person Y’s UPI ID is not linked with X’s PAN ● Person X’s Demat account is not linked with Y’s bank account

I cannot find my UPI ID in the dropdown menu of the Angel One App when submitting bids for this public issue of Metro Brands. What can be the reason?

In case you cannot locate your UPI ID under the dropdown menu of the Angel One App, it means your current UPI ID does not have NPCI’s approval. In such a case, you can just create a different one with any of the UPI handles allowed and declared under the NPCI List.

How to locate a UPI ID in the Angel One mobile app?

You can locate a UPI ID in the ‘profile’ section of the Angel One app.

Can I apply for this IPO of Metro Brands without using a bank account that is not linked with the Angel One app?

Yes, you can apply for the public issue Metro Brands via a bank account, which is not connected with the Angel One app. In such cases, this bank account must be in your name.

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Apply for MedPlus Health IPO

Founded in 2006, MedPlus Health operates with the goal of setting up a reliable pharmacy retail chain that offers authentic medicines to customers. It also aims to deliver better value to customers by minimising inefficiencies in its supply chain with technological help. Mr. Gangadi Madhukar Reddy, the founder, MD and CEO of MedPlus, is a doctor himself. As a result, his insight plays a key role in the growth and strategic direction of MedPlus. As of 30 June 2021, MedPlus Health operates around 2,165 retail stores in nearly 242 cities across the nation. The company currently has stores in Andhra Pradesh, Tamil Nadu, Telangana, West Bengal, Karnataka, Maharashtra and Odisha, and is planning to cover more states in future. MedPlus Health currently works with around 14,762 permanent in-house employees.

MedPlus Health excels in manufacturing private label pharmaceutical products. Its portfolio also includes FMCG and wellness products. Other operations of this company include import, distribution, wholesale, pathology diagnostic lab testing and retail sale.

MedPlus Health IPO Objectives

● MedPlus Health IPO Objectives

● General corporate purposes

MedPlus Health IPO – Details

The draft red herring prospectus filed by MedPlus Health states that it is looking to raise around Rs. 1,398.30 crores via this public offering. Moreover, this initial public offering will include fresh issue equity shares of Rs. 600 crores and In addition, existing shareholders will offload shares worth around Rs. 798.30 crores via an offer-for-sale.

Furthermore, the classification of share allocations for different categories is as follows –
1. For Qualified Institutional Buyers, it is not more than 50%
2. For Retail Individual Investors, it is 15%
3. For Non-institutional Investors, it is 35%
Moreover, MedPlus Health has appointed the following entities as the book running lead managers of this initial public offer –
1. Credit Suisse Securities (India) Private Limited
2. Nomura Financial Advisory and Securities (India) Private Limited
3. Edelweiss Financial Services Limited
4. Axis Capital Limited
Furthermore, KFin Technologies Private Limited is the registrar of this initial public offering.

Opening Date

13 Dec 2021

Closing Date

15 Dec 2021

Price Band

₹780 to ₹796

per equity share

Issue Size

₹1,398.30 Cr

Face Value

₹ 2

per equity share

Market Lot

18 Shares

Opening Date

13 Dec 2021

Closing Date

15 Dec 2021

Price Band

₹780 to ₹796

per equity share

Issue Size

₹1,398.30 Cr

Face Value

₹ 2

per equity share

Market Lot

18 Shares

Listing at NSE, BSE

Metro Brands IPO – Important Dates

IPO Open Date	13 Dec 2021
IPO Close Date	15 Dec 2021
Basis Of Allotment Date	20 Dec 2021
Initiation Of Refunds	21 Dec 2021
Credit Of Shares To Demat ACcount	22 Dec 2021
IPO Listing Date	23 Dec 2021

MedPlus Health IPO Latest News and Subscription Status Today [Live]

Day 3: 15th December 2021
Day 2: 14th December 2021
Day 1: 13th December 2021

At 10:40:00 AM.

- This IPO has been subscribed 1.86x by 10:40 AM. on Day 3
- It is a public issue of 1,25,75,154 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.53x
- (NII) Non-institutional buyers: 0.70x
- (RII) Retail Individual buyers: 3.12x
- (RII) Employees: 1.83x

At 11:40:00 AM.

- This IPO has been subscribed 2.33x by 11:40 AM. on Day 3
- It is a public issue of 1,25,75,154 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 1.40x
- (NII) Non-institutional buyers: 1.18x
- (RII) Retail Individual buyers: 3.36x
- (RII) Employees: 1.86x

At 12:40:00 p.m.

- This IPO has been subscribed 2.33x by 12:40 AM. on Day 3
- It is a public issue of 1,25,75,154 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 1.41x
- (NII) Non-institutional buyers: 1.75x
- (RII) Retail Individual buyers: 3.60x
- (RII) Employees: 1.92x

At 1:40:00 p.m.

- This IPO has been subscribed 18.45x by 1:40 AM. on Day 3
- It is a public issue of 1,25,75,154 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 16.37x
- (NII) Non-institutional buyers: 55.78x
- (RII) Retail Individual buyers: 3.83x
- (RII) Employees: 1.96x

At 2:40:00 p.m.

- This IPO has been subscribed 36.05x by 2:40 AM. on Day 3
- It is a public issue of 1,25,75,154 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 64.75x
- (NII) Non-institutional buyers: 72.43x
- (RII) Retail Individual buyers: 4.45x
- (RII) Employees: 2.03x

At 4:10:00 p.m.

- This IPO has been subscribed 52.54x by 4:10 AM. on Day 3
- It is a public issue of 1,25,75,154 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 111.90x
- (NII) Non-institutional buyers: 85.33x
- (RII) Retail Individual buyers: 5.13x
- (RII) Employees: 3.01x

At 5:10:00 p.m.

- This IPO has been subscribed 52.59x by 5:10 AM. on Day 3
- It is a public issue of 1,25,75,154 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 111.90x
- (NII) Non-institutional buyers: 85.33x
- (RII) Retail Individual buyers: 5.24x
- (RII) Employees: 3.05x

At 11:40:00 AM.

- This IPO has been subscribed 0.93x by 11:40 AM. on Day 2
- It is a public issue of 1,25,75,154 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.06x
- (NII) Non-institutional buyers: 0.23x
- (RII) Retail Individual buyers: 1.72x
- (RII) Employees: 0.86x

At 12:40:00 p.m.

- This IPO has been subscribed 0.99x by 12:40 AM. on Day 2
- It is a public issue of 1,25,75,154 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.06x
- (NII) Non-institutional buyers: 0.25x
- (RII) Retail Individual buyers: 1.85x
- (RII) Employees: 0.88x

At 1:40:00 p.m.

- This IPO has been subscribed 0.99x by 1:40 AM. on Day 2
- It is a public issue of 1,25,75,154 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.06x
- (NII) Non-institutional buyers: 0.27x
- (RII) Retail Individual buyers: 1.96x
- (RII) Employees: 0.91x

At 2:40:00 p.m.

- This IPO has been subscribed 1.16x by 2:40 AM. on Day 2
- It is a public issue of 1,25,75,154 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.06x
- (NII) Non-institutional buyers: 0.36x
- (RII) Retail Individual buyers: 2.13x
- (RII) Employees: 0.93x

At 3:30:00 p.m.

- This IPO has been subscribed 1.22x by 3:30 AM. on Day 2
- It is a public issue of 1,25,75,154 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.09x
- (NII) Non-institutional buyers: 0.37x
- (RII) Retail Individual buyers: 2.24x
- (RII) Employees: 0.95x

At 4:20:00 p.m.

- This IPO has been subscribed 1.37x by 4:20 AM. on Day 2
- It is a public issue of 1,25,75,154 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.09x
- (NII) Non-institutional buyers: 0.46x
- (RII) Retail Individual buyers: 2.49x
- (RII) Employees: 1.55x

At 5:10:00 p.m.

- This IPO has been subscribed 1.46x by 5:10 AM. on Day 2
- It is a public issue of 1,25,75,154 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.09x
- (NII) Non-institutional buyers: 0.50x
- (RII) Retail Individual buyers: 2.64x
- (RII) Employees: 1.73x

At 10:40:00 AM.

- This IPO has been subscribed 0.18x by 10:40 AM. on Day 1
- It is a public issue of 1,25,75,154 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.02x
- (RII) Retail Individual buyers: 0.35x
- (RII) Employees: 0.03x

At 12:10:00 p.m.

- This IPO has been subscribed 0.69x by 12:10 AM. on Day 1
- It is a public issue of 1,25,75,154 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.02x
- (RII) Retail Individual buyers: 0.56x
- (RII) Employees: 0.09x

At 1:10:00 p.m.

- This IPO has been subscribed 0.38x by 1:10 AM. on Day 1
- It is a public issue of 1,25,75,154 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.08x
- (RII) Retail Individual buyers: 0.72x
- (RII) Employees: 0.14x

At 2:10:00 p.m.

- This IPO has been subscribed 0.44x by 2:10 AM. on Day 1
- It is a public issue of 1,25,75,154 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.13x
- (RII) Retail Individual buyers: 0.83x
- (RII) Employees: 0.15x

At 3:10:00 p.m.

- This IPO has been subscribed 0.49x by 3:10 AM. on Day 1
- It is a public issue of 1,25,75,154 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.13x
- (RII) Retail Individual buyers: 0.93x
- (RII) Employees: 0.16x

At 4:10:00 p.m.

- This IPO has been subscribed 0.55x by 4:10 AM. on Day 1
- It is a public issue of 1,25,75,154 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.14x
- (RII) Retail Individual buyers: 1.04x
- (RII) Employees: 0.20x

At 5:10:00 p.m.

- This IPO has been subscribed 0.70x by 5:10 AM. on Day 1
- It is a public issue of 1,25,75,154 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.06x
- (NII) Non-institutional buyers: 0.16x
- (RII) Retail Individual buyers: 1.29x
- (RII) Employees: 0.76x

Why Should I Invest in MedPlus Health IPO?

Individuals can keep these factors in mind before investing in the initial public offering of MedPlus Health –

1. MedPlus Health is the second-largest pharmacy retailer in India.
2. It has a strong customer value proposition and brand name.
3. MedPlus Health is the first among all pharmacy retailers to offer an Omni-channel platform to customers.
4. A highly experienced and qualified management team is at its helm.

Financial Highlights

Financial Year	Total Assets	Total Income	Total Expenses	Profit After Tax
March FY2021	Rs. 8,269.37	Rs. 30,752.60	Rs. 29,956.99	Rs. 631.11
March FY2020	Rs. 7,711.77	Rs. 28,675.20	Rs. 28,384.35	Rs. 17.94
March FY2019	Rs. 4,633.38	Rs. 22,635.08	Rs. 22,527.60	Rs. 119.23

**Amount is mentioned in millions

How to apply for MedPlus Health IPO?

You can apply for the MedPlus Health IPO in these ways:

UPI
Link your bank account to a reliable UPI ID and register it with your Angel One account. Proceed to book MedPlus Health IPO shares using the ID, confirm the payment on the UPI app, and block the amount for allotment.

Demat Account

1. If you are already a client of Angel One, apply directly for MedPlus Health IPO, click here.
2. If you’re a new investor Open DEMAT Account for free with Angel One to begin your investment journey.

MedPlus Health IPO – Noteworthy Highlights

Some interesting facts about MedPlus Health that new investors should know before investing are listed below.

1. MedPlus Health is the second-largest pharmacy retailer brand in this nation.
2. It is one of the most trusted names in the field of general provision and medicines.
3. This company has a strong online presence owing to its ‘click and pick’ service.
4. MedPlus Health also has an exceptional offline presence with over 2,100 retail stores in more than 240 cities across the country.
5. This company has shown a significant increase in profit in FY21 as compared to the previous financial year.

MedPlus Health IPO - SWOT Analysis

Strengths

Omni-channel platform: MedPlus Health is the first company in its segment to offer an Omni-channel platform to its customers in India.
Excellent financials: The balance sheet of MedPlus Health displays its financial strengths. This company has significantly increased its net profit in FY21 as compared to FY20, which allows MedPlus Health to further invest in other areas and expand its business.
Extensive portfolio: MedPlus Health’s product portfolio includes wellness products, medicines, test kits, pharmaceuticals, and medical devices. The company also offers FMCGs like baby care products, toiletries, soaps, personal care products, and more.

Weaknesses

Inventory stack-up: Since most medicines and wellness products come with expiry dates, MedPlus needs to keep its sales up and running at all times to prevent inventory stack-ups

Opportunities

Expansion into other healthcare verticals: Since MedPlus Health is a trusted brand and its Founder and CEO, Mr. Gangadi Madhukar Reddy, is himself a doctor, this company can venture into adjacent healthcare verticals with strategic planning.
Cluster-based approach: MedPlus Health follows a cluster-based approach. It aims to achieve a higher number of customers by targeting a highly-populated region before moving to another area. Since India is a densely populated country, MedPlus Health can still expand to newer regions with its offline retail stores.

Threats

Rising Competition: Since COVID-19, companies have prioritised their online presence like never before. So, other online pharmacies with unique offerings are now mushrooming more than ever. It not only limits MedPlus Health’s scope of market expansion but also imposes a direct threat to this company’s existing customer base.

Strengths

Weaknesses

Opportunities

Threats

Strengths

Omni-channel platform: MedPlus Health is the first company in its segment to offer an Omni-channel platform to its customers in India.
Excellent financials: The balance sheet of MedPlus Health displays its financial strengths. This company has significantly increased its net profit in FY21 as compared to FY20, which allows MedPlus Health to further invest in other areas and expand its business.
Extensive portfolio: MedPlus Health’s product portfolio includes wellness products, medicines, test kits, pharmaceuticals, and medical devices. The company also offers FMCGs like baby care products, toiletries, soaps, personal care products, and more.

Weaknesses

Inventory stack-up: Since most medicines and wellness products come with expiry dates, MedPlus needs to keep its sales up and running at all times to prevent inventory stack-ups

Opportunities

- Expansion into other healthcare verticals: Since MedPlus Health is a trusted brand and its Founder and CEO, Mr. Gangadi Madhukar Reddy, is himself a doctor, this company can venture into adjacent healthcare verticals with strategic planning.
- Cluster-based approach: MedPlus Health follows a cluster-based approach. It aims to achieve a higher number of customers by targeting a highly-populated region before moving to another area. Since India is a densely populated country, MedPlus Health can still expand to newer regions with its offline retail stores.

Threats

Rising Competition: Since COVID-19, companies have prioritised their online presence like never before. So, other online pharmacies with unique offerings are now mushrooming more than ever. It not only limits MedPlus Health’s scope of market expansion but also imposes a direct threat to this company’s existing customer base.

Competitive Analysis: Market Peers

Here is a list of MedPlus Health’s competitors and their performance as of FY21.

Competitor	Funding ($)	Revenue ($)
PharmEasy	1.3 Billion	317.5 Million
Netmeds	134.2 Million	10.2 Million
1mg	125.4 Million	6.5 Million

MedPlus Health IPO FAQs

How can I apply for the public offering of MedPlus Health via the Angel One App?

To apply for an IPO via the Angel One app, you can follow these steps –
Step 1: Go to the ‘Investment Opportunities’ section in the Angel One mobile app
Step 2: Proceed to the ‘IPOs and FPOs’ section and enter the necessary details
Step 3: Then, type in your UPI handle certified by NPCI
Step 4: Finally, click on ‘invest’ and submit your bid for this MedPlus Health IPO

I cannot find my UPI ID in the Angel One App dropdown menu while applying for this IPO. What is the reason ?

If you cannot find your UPI ID in the dropdown menu of the Angel One App, it might mean that your current UPI ID does not have NPCI’s approval. In such an occurrence, you can simply generate a new one with any of the UPI handles mentioned and approved under the NPCI List.

Can I apply for this public offering of MedPlus Health with a bank account that is not linked to the Angel One app?

Yes, you can apply for this public offering of MedPlus Health with a bank account that is not linked to the Angel One app. In this case, the bank account must be in your name.

Can I change my IPO bid for MedPlus Health’s public offer after submitting the application?

Yes, you can change the IPO bid for this MedPlus Health’s public issue even after submitting its final application. Here, you have the opportunity to change your UPI ID and the lot size. However, a point to remember here is that if you make any changes following the approval of your UPI mandate request, it will be then regarded as a new bid. Therefore, banks will block your bid amount besides your existing one. Additionally, you will get a new UPI mandate request like before.

Is it mandatory to approve a UPI mandate as soon as I receive it?

Yes, it is mandatory to approve a UPI mandate for this MedPlus Health IPO or any other public issue as soon as you receive it. However, these windows of approval remain active from the closing bell of the previous working day to 12 noon of the following one.

How can I create a UPI ID using the BHIM app?

To create a UPI ID using the BHIM app, you can follow these simple steps –
Step 1: Download and install the BHIM UPI app on your mobile phone
Step 2: Validate your mobile number and generate a PIN or password required to access this app
Step 3: Choose a bank from the financial institutions mentioned on NPCI’s list of registered services providers
Step 4: BHIM UPI App will then acquire your bank account information without any input from you
Step 5: However, if you have multiple bank accounts, select the one that you want to register and link with this app
Step 6: Finally, set up a personal UPI ID for security reasons
After that, you can check your UPI ID in the ‘Profile’ section of this app.

Can I apply for the public offering of MedPlus Health without a UPI ID?

Yes, you can apply for the IPO of MedPlus Health without a UPI ID. To do so, you can do so with the help of the ASBA process provided by your respective bank. However, if you do not have a UPI ID currently, you can simply generate one right away by resorting to any of the UPI handles mentioned on the NPCI List.

How to accept the UPI mandate request for this public issue of MedPlus Health?

You can simply use a UPI App to accept the mandate request for this MedPlus Health IPO. In this regard, you can click here to learn the specifics of this process and related steps.

Can I apply for the public issue of MedPlus Health via a Hindu Undivided Family or HUF account?

No, you cannot apply for the public issue of MedPlus Health using a Hindu Undivided Family account. However, you can take the help of this account if you apply for any public issue via the ASBA process.

How to find a UPI ID in the mobile app of Angel One?

You can find a UPI ID in the ‘profile’ section of the Angel One app.

Can I apply for the initial public offer of MedPlus Health with a current account?

No, you cannot apply for the initial public offer of MedPlus Health or any other company, for that matter, with a current account. Since financial institutions do not accept any IPO applications made via such accounts, you can use a savings account for this purpose. You can also talk to the representatives of your respective banks for more information.

What is the minimum amount of time required to block or unblock funds for an IPO subscription?

As soon as you accept a UPI mandate request, banks will freeze the required funds for an IPO. However, if your UPI mandate expires or you fail to receive an allotment, the banks will unblock these funds. Nonetheless, if these funds are not unblocked even after that, you can contact your respective banks for further clarification.

Can I apply for the IPO of MedPlus Health using my minor daughter’s account?

No, you cannot apply for the IPO of MedPlus Health or any other firm using your minor daughter’s account via the Angel One platform. However, a minor can bid for any public offering via the ASBA process.

Are NRIs eligible to use the Angel One app to apply for this MedPlus Health IPO?

No, NRIs are not eligible to use the Angel One app to apply for this MedPlus Health IPO. However, they can always avail of the Application Supported by Blocked Amount or ASBA process provided by different banks to submit bids for any public offerings of their choice.

I have not managed to submit bids for this public offering of MedPlus Health using my current UPI handle. What is the reason behind this?

The reason why you have not managed to submit bids for the IPO of MedPlus Health using your existing UPI ID is that this UPI handle may not be NPCI approved. In that case, you can easily generate a fresh one through any of the service providers mentioned on the NPCI’s list to extend UPI service. You can just complete the due process and then apply for any IPOs you want.

What is the minimum amount of time required to receive a UPI mandate request after submitting an IPO application?

The minimum time needed to receive a UPI mandate request after submitting an IPO bid is 10 to 15 minutes. However, this process gets hindered at times due to a number of reasons.

Even after approving the UPI mandate request of MedPlus Health’s public offering, its status on the Angel One App is showing pending. What is the reason behind this?

If the status of your IPO mandate request is displaying pending on the Angel One app, there is nothing you can do about it. The reason behind this is that the Angel One app is not engineered to display real-time updates of UPI mandate requests. However, if you have accepted it, you can find its actual status in the order book of that public issue after a while.

What is a cut-off price? Can I bid for an initial public offering at this price?

A cut-off price is a price point at which the equity shares of MedPlus Health or of other companies get listed on the share market. This is a previously determined price and is mainly decided during the allotment stage of an IPO. In addition, if you submit a bid at this price, it suggests that you are willing to apply for the public issue of MedPlus Health at this price point. Also, applying at a cut-off price enhances your chances of receiving an IPO allotment.

Is it possible to submit multiple bids for a public issue using a single PAN?

No, it is not possible to submit multiple bids for a public issue using one PAN. IPO applications get rejected in such cases as per the existing rules. Hence, you will fail to receive an allotment for this public offering of MedPlus Health or any other firm.

Do I need to bear any extra charges to apply for this public issue of MedPlus Health via Angel One platform?

No, you need not bear any extra charges to bid for this public issue of MedPlus Health using the Angel One platform.

How can I ensure allotment for this MedPlus Health IPO?

It is not possible to guarantee allotment for any public issue, irrespective of the company you choose to apply for. In the event of an oversubscription, which is a common affair, the allocation of shares is done via a lottery system. So, it is not probable to provide any conviction in this regard.
A point to keep in mind here is that the Angel One platform only permits you to apply for an IPO, and it does not offer any assurance regarding its allocation.
Nevertheless, you can increase your odds by keeping the below-mentioned points in mind –
● Applying at the cut-off price
● Using a Demat Account linked with your PAN
● Confirm that your bank account and UPI ID are linked through a single PAN, and failing to keep that can lead to rejection.
For instance, person X has applied for the MedPlus Health IPO via his Demat Account but person Y’s UPI ID. In such cases, the application can get rejected due to –
● Person Y’s UPI ID is not linked with X’s PAN
● Person X’s Demat account is not linked with Y’s bank account

Even after submitting the final application for MedPlus Health IPO, the required funds are not debited yet. What can the reason?

The reason for the IPO related funds not being debited even after submitting the bids is that banks do not release funds related to a public issue just after you submit a bid. Alternatively, they will block this amount momentarily, and once you get an allotment, they will debit it. On the other hand, if you do not receive an IPO allotment or your UPI mandate expires, banks will release this amount.

What are the plausible reasons behind the rejection of my IPO application for MedPlus Health?

Probable reasons behind the rejection of your IPO application for MedPlus Health are –
● Failing to ensure that your Demat account, UPI ID, and bank account are connected with the same PAN
● Entering an incorrect UPI PIN while approving the mandate
For example, if you use your Demat account to apply for this public issue and use your friend’s UPI ID to make payment. In that case, your application can get rejected –
● If your PAN and your friend’s UPI ID are not connected
● If your Demat account is not linked with your friend’s bank account

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MedPlus Health IPO FAQs

How can I apply for the public offering of MedPlus Health via the Angel One App?

I cannot find my UPI ID in the Angel One App dropdown menu while applying for this IPO. What is the reason ?

Can I apply for this public offering of MedPlus Health with a bank account that is not linked to the Angel One app?

Can I change my IPO bid for MedPlus Health’s public offer after submitting the application?

Is it mandatory to approve a UPI mandate as soon as I receive it?

How can I create a UPI ID using the BHIM app?

Can I apply for the public offering of MedPlus Health without a UPI ID?

How to accept the UPI mandate request for this public issue of MedPlus Health?

Can I apply for the public issue of MedPlus Health via a Hindu Undivided Family or HUF account?

How to find a UPI ID in the mobile app of Angel One?

Can I apply for the initial public offer of MedPlus Health with a current account?

What is the minimum amount of time required to block or unblock funds for an IPO subscription?

Can I apply for the IPO of MedPlus Health using my minor daughter’s account?

Are NRIs eligible to use the Angel One app to apply for this MedPlus Health IPO?

I have not managed to submit bids for this public offering of MedPlus Health using my current UPI handle. What is the reason behind this?

What is the minimum amount of time required to receive a UPI mandate request after submitting an IPO application?

Even after approving the UPI mandate request of MedPlus Health’s public offering, its status on the Angel One App is showing pending. What is the reason behind this?

What is a cut-off price? Can I bid for an initial public offering at this price?

Is it possible to submit multiple bids for a public issue using a single PAN?

Do I need to bear any extra charges to apply for this public issue of MedPlus Health via Angel One platform?

How can I ensure allotment for this MedPlus Health IPO?

Even after submitting the final application for MedPlus Health IPO, the required funds are not debited yet. What can the reason?

What are the plausible reasons behind the rejection of my IPO application for MedPlus Health?

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