Inox India IPO vs Medi Assist Healthcare IPO

Comparison between Inox India IPO and Medi Assist Healthcare IPO.

IPO Details

Inox India 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 Inox India IPO is up to ₹1,459.32 Cr whereas the issue size of the Medi Assist Healthcare IPO is up to ₹1,171.58 Cr. The final issue price of Inox India IPO is ₹660.00 per share and of Medi Assist Healthcare IPO is ₹418.00 per share.

 Inox India IPOMedi Assist Healthcare IPO
Face Value₹2 per share₹5 per share
Issue Price (Lower)₹627.00 per share₹397.00 per share
Issue Price (Upper)₹660.00 per share₹418.00 per share
Issue Price (Final)₹660.00 per share₹418.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size22 shares35 shares
Fresh Issue Size0 shares0 shares
Fresh Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
OFS Issue Size2,21,10,955 shares2,80,28,168 shares
OFS Issue Size (Amount)up to ₹1,459.32 Crup to ₹1,171.58 Cr
Issue Size Total2,21,10,955 shares2,80,28,168 shares
Issue Size Total (Amount)up to ₹1,459.32 Crup to ₹1,171.58 Cr

IPO Timetable

Inox India IPO opens on Dec 14, 2023, while Medi Assist Healthcare IPO opens on Jan 15, 2024. The closing date of Inox India IPO and Medi Assist Healthcare IPO is Dec 18, 2023, and Jan 17, 2024, respectively.

 Inox India IPOMedi Assist Healthcare IPO
Anchor Bid DateDec 13, 2023Jan 12, 2024
Issue OpenDec 14, 2023Jan 15, 2024
Issue CloseDec 18, 2023Jan 17, 2024
Basis Of Allotment (Tentative)Dec 19, 2023Jan 18, 2024
Initiation of Refunds (Tentative)Dec 20, 2023Jan 19, 2024
Credit of Share (Tentative)Dec 20, 2023Jan 19, 2024
Listing date (Tentative)Dec 21, 2023Jan 23, 2024
Anchor Lockin End date 1Jan 18, 2024Feb 17, 2024
Anchor Lockin End date 2Mar 18, 2024Apr 17, 2024

Financials & KPIs

Inox India IPO P/E ratio is 39.22, as compared to Medi Assist Healthcare IPO P/E ratio of 38.22.

 Inox India IPOMedi Assist Healthcare IPO
Financials

Company Financials (Restated Consolidated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,155.811,148.36896.75687.20
Total Income580.00984.20803.71608.99
Profit After Tax103.34152.71130.5096.11
NET Worth554.24549.48502.28371.51
Total Borrowing31.0343.3860.37
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)99.3067.55
Promoter Shareholding (Post-Issue)75.4645.75
P/E Ratio39.2238.22
Market Cap₹5990.39 Cr.₹2878.32 Cr.
ROE27.79%
ROCE36.53%24.95%
Debt/Equity
EPS₹16.83₹10.94
RoNW27.79%19.63

Shares Offered

In the Inox India IPO Retail Individual Investors (RII) are offered 77,38,835 shares while in Medi Assist Healthcare IPO retail investors are offered 77,38,835 shares. Qualified Institutional Buyers (QIB) are offered 44,22,191 shares in Inox India IPO and 56,05,634 shares in Medi Assist Healthcare IPO.

 Inox India IPOMedi Assist Healthcare IPO
Anchor Investor Reservation66,33,285 shares84,08,449 shares
Market Maker Reservation
QIB44,22,191 shares56,05,634 shares
NII33,16,644 shares42,04,226 shares
RII77,38,835 shares98,09,859 shares
Employee
Others
Total2,21,10,955 shares2,80,28,168 shares

Bids Received (Subscription)

Inox India IPO subscribed 61.28x in total, whereas Medi Assist Healthcare IPO subscribed 16.25x.

 Inox India IPOMedi Assist Healthcare IPO
QIB (times)147.80x40.14x
NII (times)53.20x14.85x
Big NII (times)56.55x17.22x
Small NII (times)46.52x10.12x
RII (times)15.30x3.19x
Employee (times)
Other (times)
Total (times)61.28x16.25x

Compare with others

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Inox India IPO Vs Medi Assist Healthcare IPO