BLS E-Services IPO vs Medi Assist Healthcare IPO

Comparision between BLS E-Services IPO and Medi Assist Healthcare IPO.

IPO Details

BLS E-Services IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Medi Assist Healthcare IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	BLS E-Services IPO	Medi Assist Healthcare 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	Unistone Capital Pvt Ltd	Axis Bank Limited Iifl Securities Ltd Nuvama Wealth Management Limited SBI Capital Markets Limited
Registrar	Kfin Technologies Limited	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 BLS E-Services IPO is up to ₹310.91 Cr whereas the issue size of the Medi Assist Healthcare IPO is up to ₹1,171.58 Cr. The final issue price of BLS E-Services IPO is ₹135.00 per share and of Medi Assist Healthcare IPO is ₹418.00 per share.

	BLS E-Services IPO	Medi Assist Healthcare IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹129.00 per share	₹397.00 per share
Issue Price (Upper)	₹135.00 per share	₹418.00 per share
Issue Price (Final)	₹135.00 per share	₹418.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	108 shares	35 shares
Fresh Issue Size	2,30,30,000 shares
Fresh Issue Size (Amount)	up to ₹310.91 Cr
OFS Issue Size		2,80,28,168 shares
OFS Issue Size (Amount)		up to ₹1,171.58 Cr
Issue Size Total	2,30,30,000 shares	2,80,28,168 shares
Issue Size Total (Amount)	up to ₹310.91 Cr	up to ₹1,171.58 Cr

IPO Timetable

BLS E-Services IPO opens on Jan 30, 2024, while Medi Assist Healthcare IPO opens on Jan 15, 2024. The closing date of BLS E-Services IPO and Medi Assist Healthcare IPO is Feb 01, 2024, and Jan 17, 2024, respectively.

	BLS E-Services IPO	Medi Assist Healthcare IPO
Anchor Bid Date	Jan 29, 2024	Jan 12, 2024
Issue Open	Jan 30, 2024	Jan 15, 2024
Issue Close	Feb 01, 2024	Jan 17, 2024
Basis Of Allotment (Tentative)	Feb 02, 2024	Jan 18, 2024
Initiation of Refunds (Tentative)	Feb 05, 2024	Jan 19, 2024
Credit of Share (Tentative)	Feb 05, 2024	Jan 19, 2024
Listing date (Tentative)	Feb 06, 2024	Jan 23, 2024
Anchor Lockin End date 1	Mar 03, 2024	Feb 17, 2024
Anchor Lockin End date 2	May 02, 2024	Apr 17, 2024

Financials

BLS E-Services IPO P/E ratio is 44.31, as compared to Medi Assist Healthcare IPO P/E ratio of 38.22.

BLS E-Services IPO

Medi Assist Healthcare IPO

Financial

BLS E-Services Limited Financial Information (Restated Consolidated)

BLS E-Services Limited's revenue increased by 150.31% and profit after tax (PAT) rose by 277.94% 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	213.77	179.47	55.93	40.59
Revenue	158.05	246.29	98.40	65.23
Profit After Tax	14.68	20.33	5.38	3.15
Net Worth	120.37	106.94	15.07	9.68
Total Borrowing	0.00	0.00	8.76	11.02
Amount in ₹ Crore

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

Promoter Shareholding (Pre-Issue)

93.80%

67.55%

Promoter Shareholding (Post-Issue)

68.90%

45.75%

P/E Ratio

44.31

38.22

Market Cap

₹1226.56 Cr.

₹2878.32 Cr.

ROE

33.33%%

ROCE

30.62%%

24.95%%

Debt/Equity

0.05

EPS

₹3.05

₹10.94

RoNW

16.46%%

19.63%

Shares Offered

In the BLS E-Services IPO retail investors (RII) are offered 20,72,700 shares while in Medi Assist Healthcare IPO retail investors are offered 20,72,700 shares. Qualified institutional buyers (QIB) are offered 62,18,154 shares in BLS E-Services IPO and 56,05,634 shares in Medi Assist Healthcare IPO.

	BLS E-Services IPO	Medi Assist Healthcare IPO
Anchor Investor Reserveration	93,27,096 shares	84,08,449 shares
Market Maker Reserveration
QIB	62,18,154 shares	56,05,634 shares
NII	31,09,050 shares	42,04,226 shares
RII	20,72,700 shares	98,09,859 shares
Employee	0 shares	0 shares
Others
Total	1,37,02,904 shares	1,96,19,719 shares

Bids Received (Subscription)

BLS E-Services IPO subscribed 162.38x in total, whereas Medi Assist Healthcare IPO subscribed 16.25x.

	BLS E-Services IPO	Medi Assist Healthcare IPO
QIB (times)	123.30x	40.14x
NII (times)	300.05x	14.85x
Big NII (times)	305.27x	17.22x
Small NII (times)	289.59x	10.12x
RII (times)	236.53x	3.19x
Employee (times)
Other (times)	15.30x
Total (times)	162.38x	16.25x

Compare with others

BLS E-Services IPO	Medi Assist Healthcare IPO
Capital SFB IPO	Rashi Peripherals IPO
Jana SFB IPO	BLS E-Services IPO
Platinum Industries IPO	R K SWAMY IPO
Apeejay Surrendra Park IPO	EPACK Durable IPO
Rashi Peripherals IPO	Nova AgriTech IPO
R K SWAMY IPO	Jyoti CNC Automation IPO
EPACK Durable IPO	Innova Captab IPO
Nova AgriTech IPO	Azad Engineering IPO
Medi Assist Healthcare IPO	Mufti Menswear IPO
Jyoti CNC Automation IPO	Inox CVA IPO

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