Medi Assist Healthcare Services IPO: Price band fixed at ₹397-418 per share; check GMP, issue details, more
Medi Assist IPO price band: The Medi Assist Healthcare Services IPO price band has been fixed in the range of ₹397 to ₹418 per equity share of the face value of ₹5. The Medi Assist IPO date of subscription is scheduled for Monday, January 15, and will close on Wednesday, January 17. The allocation to anchor investors for the Medi Assist Healthcare IPO is scheduled to take place on Friday, January 12.
The floor price is 79.40 times the face value and the cap price is 83.60 times the face value. The price to earning ratio at the floor price is 36.66 times at the cap price is 38.60 times. The Medi Assist IPO lot size is 35 equity shares and in multiples of 35 equity shares thereafter.
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Medi Assist IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors.
Tentatively, Medi Assist Healthcare Services IPO basis of allotment of shares will be finalised on Thursday, January 18, and the company will initiate refunds on Friday, January 19, while the shares will be credited to the demat account of allottees on the same day following refund. Medi Assist Healthcare Services share price is likely to be listed on BSE and NSE on Monday, January 22.
Dr. Vikram Jit Singh Chhatwal, Bessemer India Capital Holding II Ltd., and Medimatter Health Management Private Limited are the company’s promoters.
(more to come)
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Published: 10 Jan 2024, 08:14 AM IST
