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Business News/ Markets / Ipo/  Medi Assist share price makes a lukewarm debut, stock opens with 10% premium at 460 on NSE
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Medi Assist share price makes a lukewarm debut, stock opens with 10% premium at ₹460 on NSE

Medi Assist share price today made a lukewarm debut on the bourses today, listed at ₹per share, 10% higher than the issue price of ₹418.

Medi Assist share price today lists on the bourses. (https://www.mediassist.in/)Premium
Medi Assist share price today lists on the bourses. (https://www.mediassist.in/)

Medi Assist listing price: Medi Assist share price today made a lukewarm debut on the bourses today. On NSE, Medi Assist share price was listed at 460 per share, 10% higher than the issue price of 418. On BSE, Medi Assist share price was listed at 465 apiece, up 11.24% than the issue price.

Analysts predicted that Medi Assist share price would be between 450 and 470 per share. On day 3, Medi Assist IPO subscription status was 16.25 times. The Medi Assist IPO garnered a lot of interest from both retail and non-institutional investors (NII). Medi Assist Healthcare Services IPO's retail investors portion was subscribed 3.19 times, NII portion was subscribed 14.85 times, and QIB portion is booked 40.14 times.

Medi Assist Healthcare Services IPO raised 351.47 crore on Friday, January 12, allotting 84,08,449 equity shares to 35 anchor investors.

Also Read: Medi Assist IPO listing date today. GMP, experts signal positive debut of shares

Medi Assist IPO details
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Medi Assist IPO details

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Medi Assist Healthcare Services IPO details

Medi Assist IPO, which is worth 1,171.58 crore, consists of offer-for-sale (OFS) by investors and promoters, among other current shareholders, who plans to sell 2.8 crore shares of the company. Therefore, the selling shareholders will receive the entire issue proceeds, less the IPO expenses.

Dr. Vikram Jit Singh Chhatwal, Bessemer India Capital Holding II Ltd., and Medimatter Health Management Private Limited are the company's promoters.

Investor Investcorp Private Equity Fund I and promoter Bessemer India Capital Holdings II decreased their ownership of Medi Assist Healthcare Services prior to the anchor book and IPO opening dates. On January 10, shares of the company valued at 536 crore were sold, according to a notice sent to investors on Financial Express (FE) on January 12.

The book running lead managers of the Medi Assist Healthcare IPO are Axis Bank Limited, IIFL Securities Limited, Nuvama Wealth Management Limited, and SBI Capital Markets Limited. The registrar of the offering is Link Intime India Private Ltd.

Also Read: Medi Assist IPO: What GMP signals as listing date fixed on 23rd January

Medi Assist Healthcare Services IPO GMP today

Medi Assist IPO GMP today or or grey market premium is +34. This indicates Medi Assist Healthcare Services share price were trading at a premium of 34 in the grey market, according to investorgain.com.

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Medi Assist Healthcare Services share price was indicated at 452 apiece, which is 3.35% higher than the IPO price of 418.

'Grey market premium' indicates investors' readiness to pay more than the issue price.

Also Read: Medi Assist IPO: GMP jumps ahead of share listing date

Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.

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Published: 23 Jan 2024, 10:00 AM IST
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