Medi Assist Healthcare Services IPO
Medi Assist Healthcare Services Limited (MEDIASSIST) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 23 January 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +5.8% (likely range 0% to +19%), day's high +17.9%, chance of a gain 51%. Actual: +10.1% at the open, +23.9% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 56,05,634 | 22,49,93,755 | 40.1x | |
| NII (HNI) total | 42,04,226 | 6,24,42,800 | 14.9x | |
| Big NII (above ₹10 lakh) | 28,02,817 | 4,82,56,740 | 17.2x | |
| Small NII (₹2-10 lakh) | 14,01,409 | 1,41,86,060 | 10.1x | |
| Retail | 98,09,859 | 3,13,41,975 | 3.19x | |
| Total | 1,96,19,719 | 31,87,78,530 | 16.2x |
Bids on NSE and BSE together, as published by NSE, as of 17 Jan 2024, 07:00 PM. Shares offered exclude the anchor portion. 8% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Medi Assist Healthcare Services's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| R R KabelSep 2023 | 52.3x | 13.2x | 2.13x | 18.7x | ₹1,964 Cr | +14.0% | +17.2% |
| Concord BiotechAug 2023 | 67.7x | 17.0x | 3.78x | 24.9x | ₹1,551 Cr | +21.5% | +33.3% |
| Uniparts IndiaDec 2022 | 67.1x | 17.9x | 4.63x | 25.3x | ₹836 Cr | -0.3% | 0.0% |
| Bandhan BankMar 2018 | 38.7x | 13.9x | 1.20x | 14.6x | ₹4,473 Cr | +33.1% | +33.1% |
| Larsen & Toubro InfotechJul 2016 | 19.9x | 10.8x | 7.39x | 11.7x | ₹1,242 Cr | -6.1% | 0.0% |
| Aptus Value Housing Finance IndiaAug 2021 | 32.4x | 33.9x | 1.35x | 17.2x | ₹2,780 Cr | -5.7% | +0.5% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Nuvama Wealth Management | 35 | +11.9% | 66% |
| Axis Capital | 107 | +20.4% | 73% |
| IIFL Securities | 94 | +19.3% | 71% |
| and SBI Capital Markets | — | — | — |
Offer documents (NSE)
Frequently asked
What is the Medi Assist Healthcare Services IPO price band and lot size? ₹397–418 per share, with a lot of 35 shares, so the smallest retail bid is ₹14,630.
How many times has it been subscribed? 16.2x overall: QIB 40.1x, NII 14.9x, retail 3.19x.
How did it list? It opened at ₹460, +10.1% against the issue price of ₹418, and closed its first day +11.0%.
