Medplus Health eyes ~1,639 cr

Pharmacy retail chain Medplus Health Services has filed preliminary papers with capital markets regulator Sebi to raise ~1,639 crore through an initial share-sale. The IPO comprises fresh issuance of equity shares worth ~600 crore and an offer for sale (OFS) of up to equity shares aggregating up to ~1,038.71 crore by promoter and existing shareholders, according to the draft red herring prospectus. Proceeds of the fresh issue will be used for funding working capital requirements of the company's subsidiary, Optival.