Comparison between Azad Engineering IPO and Medi Assist Healthcare IPO.
Azad Engineering IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Medi Assist Healthcare IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Azad Engineering IPO is up to ₹740.00 Cr whereas the issue size of the Medi Assist Healthcare IPO is up to ₹1,171.58 Cr. The final issue price of Azad Engineering IPO is ₹524.00 per share and of Medi Assist Healthcare IPO is ₹418.00 per share.
| Azad Engineering IPO | Medi Assist Healthcare IPO | |
|---|---|---|
| Face Value | ₹2 per share | ₹5 per share |
| Issue Price (Lower) | ₹499.00 per share | ₹397.00 per share |
| Issue Price (Upper) | ₹524.00 per share | ₹418.00 per share |
| Issue Price (Final) | ₹524.00 per share | ₹418.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹0.00 per share | |
| Market Lot Size | 28 shares | 35 shares |
| Fresh Issue Size | 45,80,151 shares | 0 shares |
| Fresh Issue Size (Amount) | up to ₹240.00 Cr | up to ₹0.00 Cr |
| OFS Issue Size | 95,41,957 shares | 2,80,28,168 shares |
| OFS Issue Size (Amount) | up to ₹500.00 Cr | up to ₹1,171.58 Cr |
| Issue Size Total | 1,41,22,108 shares | 2,80,28,168 shares |
| Issue Size Total (Amount) | up to ₹740.00 Cr | up to ₹1,171.58 Cr |
Azad Engineering IPO opens on Dec 20, 2023, while Medi Assist Healthcare IPO opens on Jan 15, 2024. The closing date of Azad Engineering IPO and Medi Assist Healthcare IPO is Dec 22, 2023, and Jan 17, 2024, respectively.
| Azad Engineering IPO | Medi Assist Healthcare IPO | |
|---|---|---|
| Anchor Bid Date | Dec 19, 2023 | Jan 12, 2024 |
| Issue Open | Dec 20, 2023 | Jan 15, 2024 |
| Issue Close | Dec 22, 2023 | Jan 17, 2024 |
| Basis Of Allotment (Tentative) | Dec 26, 2023 | Jan 18, 2024 |
| Initiation of Refunds (Tentative) | Dec 27, 2023 | Jan 19, 2024 |
| Credit of Share (Tentative) | Dec 27, 2023 | Jan 19, 2024 |
| Listing date (Tentative) | Dec 28, 2023 | Jan 23, 2024 |
| Anchor Lockin End date 1 | Jan 25, 2024 | Feb 17, 2024 |
| Anchor Lockin End date 2 | Mar 25, 2024 | Apr 17, 2024 |
Azad Engineering IPO P/E ratio is 292.74, as compared to Medi Assist Healthcare IPO P/E ratio of 38.22.
| Azad Engineering IPO | Medi Assist Healthcare IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 78.61 | 67.55 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 65.9 | 45.75 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 292.74 | 38.22 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹3097.52 Cr. | ₹2878.32 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 4.2% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 12.99% | 24.95% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.47 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹1.79 | ₹10.94 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 4.23% | 19.63 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Azad Engineering IPO Retail Individual Investors (RII) are offered 49,16,021 shares while in Medi Assist Healthcare IPO retail investors are offered 49,16,021 shares. Qualified Institutional Buyers (QIB) are offered 28,09,155 shares in Azad Engineering IPO and 56,05,634 shares in Medi Assist Healthcare IPO.
| Azad Engineering IPO | Medi Assist Healthcare IPO | |
|---|---|---|
| Anchor Investor Reservation | 42,13,731 shares | 84,08,449 shares |
| Market Maker Reservation | ||
| QIB | 28,09,155 shares | 56,05,634 shares |
| NII | 21,06,866 shares | 42,04,226 shares |
| RII | 49,16,021 shares | 98,09,859 shares |
| Employee | 76,335 shares | |
| Others | ||
| Total | 1,41,22,108 shares | 2,80,28,168 shares |
Azad Engineering IPO subscribed 83.04x in total, whereas Medi Assist Healthcare IPO subscribed 16.25x.
| Azad Engineering IPO | Medi Assist Healthcare IPO | |
|---|---|---|
| QIB (times) | 179.64x | 40.14x |
| NII (times) | 90.24x | 14.85x |
| Big NII (times) | 93.30x | 17.22x |
| Small NII (times) | 84.12x | 10.12x |
| RII (times) | 24.51x | 3.19x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 83.04x | 16.25x |
