New Delhi, Aug. 8 -- The initial public offering (IPO) of Medistep Healthcare kicked off on Friday, August 8. The issue sailed through within a few hours on the first day of the bidding process amid a solid grey market premium (GMP).

Medistep Healthcare IPO will remain open for bidding till Tuesday, August 12.

Medistep Healthcare IPO was booked 4.62 times as of 1.20 pm on the first day of the bidding process. The individual investor portion was booked 7.84 times and the non-institutional buyer portion was booked 1.40 times.

Overall, the Medistep Healthcare IPO received bids for 1.64 crore shares, as against 35.55 lakh shares on offer.

Medistep Healthcare IPO GMP today is Rs.15. While it is slightly lower than Rs.17, it still signals a...