Innova Captab IPO vs Medi Assist Healthcare IPO

Comparision between Innova Captab IPO and Medi Assist Healthcare IPO.

IPO Details

Innova Captab 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.

	Innova Captab 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	ICICI Securities Limited Jm Financial Limited	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 Innova Captab IPO is up to ₹570.00 Cr whereas the issue size of the Medi Assist Healthcare IPO is up to ₹1,171.58 Cr. The final issue price of Innova Captab IPO is ₹448.00 per share and of Medi Assist Healthcare IPO is ₹418.00 per share.

	Innova Captab IPO	Medi Assist Healthcare IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹426.00 per share	₹397.00 per share
Issue Price (Upper)	₹448.00 per share	₹418.00 per share
Issue Price (Final)	₹448.00 per share	₹418.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	33 shares	35 shares
Fresh Issue Size	71,42,857 shares
Fresh Issue Size (Amount)	up to ₹320.00 Cr
OFS Issue Size	55,80,357 shares	2,80,28,168 shares
OFS Issue Size (Amount)	up to ₹250.00 Cr	up to ₹1,171.58 Cr
Issue Size Total	1,27,23,214 shares	2,80,28,168 shares
Issue Size Total (Amount)	up to ₹570.00 Cr	up to ₹1,171.58 Cr

IPO Timetable

Innova Captab IPO opens on Dec 21, 2023, while Medi Assist Healthcare IPO opens on Jan 15, 2024. The closing date of Innova Captab IPO and Medi Assist Healthcare IPO is Dec 26, 2023, and Jan 17, 2024, respectively.

	Innova Captab IPO	Medi Assist Healthcare IPO
Anchor Bid Date	Dec 20, 2023	Jan 12, 2024
Issue Open	Dec 21, 2023	Jan 15, 2024
Issue Close	Dec 26, 2023	Jan 17, 2024
Basis Of Allotment (Tentative)	Dec 27, 2023	Jan 18, 2024
Initiation of Refunds (Tentative)	Dec 28, 2023	Jan 19, 2024
Credit of Share (Tentative)	Dec 28, 2023	Jan 19, 2024
Listing date (Tentative)	Dec 29, 2023	Jan 23, 2024
Anchor Lockin End date 1	Jan 26, 2024	Feb 17, 2024
Anchor Lockin End date 2	Mar 26, 2024	Apr 17, 2024

Financials

Innova Captab IPO P/E ratio is 31.64, as compared to Medi Assist Healthcare IPO P/E ratio of 38.22.

Innova Captab IPO

Medi Assist Healthcare IPO

Financial

Innova Captab Limited Financial Information (Restated Consolidated)

Innova Captab Limited's revenue increased by 16.45% and profit after tax (PAT) rose by 6.26% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,086.16	704.41	575.48	369.62
Revenue	234.37	935.58	803.41	412.03
Profit After Tax	17.59	67.95	63.95	34.50
Net Worth	294.27	276.46	208.56	144.78
Reserves and Surplus	317.51	228.51	196.61	132.82
Total Borrowing	441.90	235.19	198.18	45.03
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)

66.85%

67.55%

Promoter Shareholding (Post-Issue)

45.75%

P/E Ratio

31.64

38.22

Market Cap

₹2563.70 Cr.

₹2878.32 Cr.

ROE

24.58%%

ROCE

22.61%%

24.95%%

Debt/Equity

0.85

EPS

₹14.16

₹10.94

RoNW

24.58%%

19.63%

Shares Offered

In the Innova Captab IPO retail investors (RII) are offered 44,53,125 shares while in Medi Assist Healthcare IPO retail investors are offered 44,53,125 shares. Qualified institutional buyers (QIB) are offered 25,44,643 shares in Innova Captab IPO and 56,05,634 shares in Medi Assist Healthcare IPO.

	Innova Captab IPO	Medi Assist Healthcare IPO
Anchor Investor Reserveration	38,16,963 shares	84,08,449 shares
Market Maker Reserveration
QIB	25,44,643 shares	56,05,634 shares
NII	19,08,482 shares	42,04,226 shares
RII	44,53,125 shares	98,09,859 shares
Employee	0 shares	0 shares
Others
Total	89,06,250 shares	1,96,19,719 shares

Bids Received (Subscription)

Innova Captab IPO subscribed 55.26x in total, whereas Medi Assist Healthcare IPO subscribed 16.25x.

	Innova Captab IPO	Medi Assist Healthcare IPO
QIB (times)	116.73x	40.14x
NII (times)	64.95x	14.85x
Big NII (times)	71.59x	17.22x
Small NII (times)	51.65x	10.12x
RII (times)	17.15x	3.19x
Employee (times)
Other (times)
Total (times)	55.26x	16.25x

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