EPACK Durable IPO vs Medi Assist Healthcare IPO

Comparison between EPACK Durable IPO and Medi Assist Healthcare IPO.

IPO Details

EPACK Durable 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.

Issue Size and Price

The total issue size of EPACK Durable IPO is up to ₹640.05 Cr whereas the issue size of the Medi Assist Healthcare IPO is up to ₹1,171.58 Cr. The final issue price of EPACK Durable IPO is ₹230.00 per share and of Medi Assist Healthcare IPO is ₹418.00 per share.

 EPACK Durable IPOMedi Assist Healthcare IPO
Face Value₹10 per share₹5 per share
Issue Price (Lower)₹218.00 per share₹397.00 per share
Issue Price (Upper)₹230.00 per share₹418.00 per share
Issue Price (Final)₹230.00 per share₹418.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size65 shares35 shares
Fresh Issue Size1,73,91,304 shares0 shares
Fresh Issue Size (Amount)up to ₹400.00 Crup to ₹0.00 Cr
OFS Issue Size1,04,37,047 shares2,80,28,168 shares
OFS Issue Size (Amount)up to ₹240.05 Crup to ₹1,171.58 Cr
Issue Size Total2,78,28,351 shares2,80,28,168 shares
Issue Size Total (Amount)up to ₹640.05 Crup to ₹1,171.58 Cr

IPO Timetable

EPACK Durable IPO opens on Jan 19, 2024, while Medi Assist Healthcare IPO opens on Jan 15, 2024. The closing date of EPACK Durable IPO and Medi Assist Healthcare IPO is Jan 24, 2024, and Jan 17, 2024, respectively.

 EPACK Durable IPOMedi Assist Healthcare IPO
Anchor Bid DateJan 18, 2024Jan 12, 2024
Issue OpenJan 19, 2024Jan 15, 2024
Issue CloseJan 24, 2024Jan 17, 2024
Basis Of Allotment (Tentative)Jan 25, 2024Jan 18, 2024
Initiation of Refunds (Tentative)Jan 29, 2024Jan 19, 2024
Credit of Share (Tentative)Jan 29, 2024Jan 19, 2024
Listing date (Tentative)Jan 30, 2024Jan 23, 2024
Anchor Lockin End date 1Feb 24, 2024Feb 17, 2024
Anchor Lockin End date 2Apr 24, 2024Apr 17, 2024

Financials & KPIs

EPACK Durable IPO P/E ratio is 56.4, as compared to Medi Assist Healthcare IPO P/E ratio of 38.22.

 EPACK Durable IPOMedi Assist Healthcare IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,071.451,464.161,076.68520.37
Total Income616.321,540.25927.34739.66
Profit After Tax2.6531.9717.437.80
NET Worth478.31313.62121.8768.91
Total Borrowing369.57492.45383.98238.56
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets802.62705.72602.23545.30
Total Income312.03518.96412.02345.57
Profit After Tax45.2675.3163.4738.01
NET Worth416.64383.67339.29292.55
Reserves and Surplus102.03353.86308.63295.81
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)85.4967.55
Promoter Shareholding (Post-Issue)65.3645.75
P/E Ratio56.438.22
Market Cap₹2203.37 Cr.₹2878.32 Cr.
ROE14.68%
ROCE11.85%24.95%
Debt/Equity1.58
EPS₹4.08₹10.94
RoNW14.68%19.63

Shares Offered

In the EPACK Durable IPO Retail Individual Investors (RII) are offered 97,39,923 shares while in Medi Assist Healthcare IPO retail investors are offered 97,39,923 shares. Qualified Institutional Buyers (QIB) are offered 55,65,671 shares in EPACK Durable IPO and 56,05,634 shares in Medi Assist Healthcare IPO.

 EPACK Durable IPOMedi Assist Healthcare IPO
Anchor Investor Reservation83,48,504 shares84,08,449 shares
Market Maker Reservation
QIB55,65,671 shares56,05,634 shares
NII41,74,253 shares42,04,226 shares
RII97,39,923 shares98,09,859 shares
Employee
Others
Total2,78,28,351 shares2,80,28,168 shares

Bids Received (Subscription)

EPACK Durable IPO subscribed 16.79x in total, whereas Medi Assist Healthcare IPO subscribed 16.25x.

 EPACK Durable IPOMedi Assist Healthcare IPO
QIB (times)25.59x40.14x
NII (times)29.07x14.85x
Big NII (times)31.60x17.22x
Small NII (times)21.74x10.12x
RII (times)6.50x3.19x
Employee (times)
Other (times)
Total (times)16.79x16.25x

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