Medi Assist Healthcare IPO vs Rashi Peripherals IPO

Comparision between Medi Assist Healthcare IPO and Rashi Peripherals IPO.

IPO Details

Medi Assist Healthcare IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Rashi Peripherals IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Medi Assist Healthcare IPO	Rashi Peripherals IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Axis Bank Limited Iifl Securities Ltd Nuvama Wealth Management Limited SBI Capital Markets Limited	Jm Financial Limited ICICI Securities Limited
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Medi Assist Healthcare IPO is up to ₹1,171.58 Cr whereas the issue size of the Rashi Peripherals IPO is up to ₹600.00 Cr. The final issue price of Medi Assist Healthcare IPO is ₹418.00 per share and of Rashi Peripherals IPO is ₹311.00 per share.

	Medi Assist Healthcare IPO	Rashi Peripherals IPO
Face Value	₹5 per share	₹5 per share
Issue Price (Lower)	₹397.00 per share	₹295.00 per share
Issue Price (Upper)	₹418.00 per share	₹311.00 per share
Issue Price (Final)	₹418.00 per share	₹311.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	35 shares	48 shares
Fresh Issue Size		1,92,92,604 shares
Fresh Issue Size (Amount)		up to ₹600.00 Cr
OFS Issue Size	2,80,28,168 shares
OFS Issue Size (Amount)	up to ₹1,171.58 Cr
Issue Size Total	2,80,28,168 shares	1,92,92,604 shares
Issue Size Total (Amount)	up to ₹1,171.58 Cr	up to ₹600.00 Cr

IPO Timetable

Medi Assist Healthcare IPO opens on Jan 15, 2024, while Rashi Peripherals IPO opens on Feb 07, 2024. The closing date of Medi Assist Healthcare IPO and Rashi Peripherals IPO is Jan 17, 2024, and Feb 09, 2024, respectively.

	Medi Assist Healthcare IPO	Rashi Peripherals IPO
Anchor Bid Date	Jan 12, 2024	Feb 06, 2024
Issue Open	Jan 15, 2024	Feb 07, 2024
Issue Close	Jan 17, 2024	Feb 09, 2024
Basis Of Allotment (Tentative)	Jan 18, 2024	Feb 12, 2024
Initiation of Refunds (Tentative)	Jan 19, 2024	Feb 13, 2024
Credit of Share (Tentative)	Jan 19, 2024	Feb 13, 2024
Listing date (Tentative)	Jan 23, 2024	Feb 14, 2024
Anchor Lockin End date 1	Feb 17, 2024	Mar 13, 2024
Anchor Lockin End date 2	Apr 17, 2024	May 12, 2024

Financials

Medi Assist Healthcare IPO P/E ratio is 38.22, as compared to Rashi Peripherals IPO P/E ratio of 11.75.

Medi Assist Healthcare IPO

Rashi Peripherals IPO

Financial

Medi Assist Healthcare Services Limited Financial Information (Restated Consolidated)

Medi Assist Healthcare Services Limited's revenue increased by 25.95% and profit after tax (PAT) rose by 18.66% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	802.62	705.72	602.23	545.30
Revenue	312.03	518.96	412.02	345.57
Profit After Tax	45.26	75.31	63.47	38.01
Net Worth	416.64	383.67	339.29	292.55
Reserves and Surplus	102.03	353.86	308.63	295.81
Amount in ₹ Crore

Rashi Peripherals Limited Financial Information (Restated Consolidated)

Rashi Peripherals Limited's revenue increased by 1.58% and profit after tax (PAT) dropped by -32.42% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,058.64	2,798.60	2,669.76	1,594.39
Revenue	5,473.27	9,468.95	9,321.92	5,930.24
Profit After Tax	72.02	123.34	182.51	136.35
Net Worth	772.74	700.12	575.07	394.19
Reserves and Surplus	686.24	760.36	557.84	395.99
Total Borrowing	1,395.20	1,065.76	881.74	488.99
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

67.55%

89.65%

Promoter Shareholding (Post-Issue)

45.75%

63.41%

P/E Ratio

38.22

11.75

Market Cap

₹2878.32 Cr.

₹2049.48 Cr.

ROE

19.33%%

ROCE

24.95%%

14.21%%

Debt/Equity

1.53

EPS

₹10.94

₹26.46

RoNW

19.63%

17.60%%

Shares Offered

In the Medi Assist Healthcare IPO retail investors (RII) are offered 98,09,859 shares while in Rashi Peripherals IPO retail investors are offered 98,09,859 shares. Qualified institutional buyers (QIB) are offered 56,05,634 shares in Medi Assist Healthcare IPO and 38,58,521 shares in Rashi Peripherals IPO.

	Medi Assist Healthcare IPO	Rashi Peripherals IPO
Anchor Investor Reserveration	84,08,449 shares	57,87,780 shares
Market Maker Reserveration
QIB	56,05,634 shares	38,58,521 shares
NII	42,04,226 shares	28,93,891 shares
RII	98,09,859 shares	67,52,411 shares
Employee	0 shares	0 shares
Others
Total	1,96,19,719 shares	1,35,04,823 shares

Bids Received (Subscription)

Medi Assist Healthcare IPO subscribed 16.25x in total, whereas Rashi Peripherals IPO subscribed 62.95x.

	Medi Assist Healthcare IPO	Rashi Peripherals IPO
QIB (times)	40.14x	151.45x
NII (times)	14.85x	66.15x
Big NII (times)	17.22x	74.51x
Small NII (times)	10.12x	50.38x
RII (times)	3.19x	11.01x
Employee (times)
Other (times)
Total (times)	16.25x	62.95x

Compare with others

Medi Assist Healthcare IPO	Rashi Peripherals IPO
Rashi Peripherals IPO	Exicom Tele-Systems IPO
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Nova AgriTech IPO	Apeejay Surrendra Park IPO
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Innova Captab IPO	R K SWAMY IPO
Azad Engineering IPO	EPACK Durable IPO
Mufti Menswear IPO	Nova AgriTech IPO
Inox CVA IPO	Medi Assist Healthcare IPO

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