Azad Engineering IPO vs Medi Assist Healthcare IPO

Comparision between Azad Engineering IPO and Medi Assist Healthcare IPO.

IPO Details

Azad Engineering 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.

	Azad Engineering 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	Axis Capital Limited ICICI Securities Limited SBI Capital Markets Limited Anand Rathi Securities 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 Azad Engineering IPO is up to ₹740.00 Cr whereas the issue size of the Medi Assist Healthcare IPO is up to ₹1,171.58 Cr. The final issue price of Azad Engineering IPO is ₹524.00 per share and of Medi Assist Healthcare IPO is ₹418.00 per share.

	Azad Engineering IPO	Medi Assist Healthcare IPO
Face Value	₹2 per share	₹5 per share
Issue Price (Lower)	₹499.00 per share	₹397.00 per share
Issue Price (Upper)	₹524.00 per share	₹418.00 per share
Issue Price (Final)	₹524.00 per share	₹418.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	28 shares	35 shares
Fresh Issue Size	45,80,153 shares
Fresh Issue Size (Amount)	up to ₹240.00 Cr
OFS Issue Size	95,41,985 shares	2,80,28,168 shares
OFS Issue Size (Amount)	up to ₹500.00 Cr	up to ₹1,171.58 Cr
Issue Size Total	1,41,22,138 shares	2,80,28,168 shares
Issue Size Total (Amount)	up to ₹740.00 Cr	up to ₹1,171.58 Cr

IPO Timetable

Azad Engineering IPO opens on Dec 20, 2023, while Medi Assist Healthcare IPO opens on Jan 15, 2024. The closing date of Azad Engineering IPO and Medi Assist Healthcare IPO is Dec 22, 2023, and Jan 17, 2024, respectively.

	Azad Engineering IPO	Medi Assist Healthcare IPO
Anchor Bid Date	Dec 19, 2023	Jan 12, 2024
Issue Open	Dec 20, 2023	Jan 15, 2024
Issue Close	Dec 22, 2023	Jan 17, 2024
Basis Of Allotment (Tentative)	Dec 26, 2023	Jan 18, 2024
Initiation of Refunds (Tentative)	Dec 27, 2023	Jan 19, 2024
Credit of Share (Tentative)	Dec 27, 2023	Jan 19, 2024
Listing date (Tentative)	Dec 28, 2023	Jan 23, 2024
Anchor Lockin End date 1	Jan 25, 2024	Feb 17, 2024
Anchor Lockin End date 2	Mar 25, 2024	Apr 17, 2024

Financials

Azad Engineering IPO P/E ratio is 292.74, as compared to Medi Assist Healthcare IPO P/E ratio of 38.22.

Azad Engineering IPO

Medi Assist Healthcare IPO

Financial

Azad Engineering Limited Financial Information (Restated Consolidated)

Azad Engineering Limited's revenue increased by 31.24% and profit after tax (PAT) dropped by -71.24% 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	636.63	589.21	404.32	256.05
Revenue	169.54	261.52	199.26	125.03
Profit After Tax	26.89	8.47	29.46	11.50
Net Worth
Reserves and Surplus	221.14	202.51	118.88	89.42
Total Borrowing	324.94	300.60	197.18	87.71
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)

78.61%

67.55%

Promoter Shareholding (Post-Issue)

56.38%

45.75%

P/E Ratio

292.74

38.22

Market Cap

₹3097.52 Cr.

₹2878.32 Cr.

ROE

4.2%%

ROCE

12.99%%

24.95%%

Debt/Equity

1.47

EPS

₹1.79

₹10.94

RoNW

4.23%%

19.63%

Shares Offered

In the Azad Engineering IPO retail investors (RII) are offered 49,16,021 shares while in Medi Assist Healthcare IPO retail investors are offered 49,16,021 shares. Qualified institutional buyers (QIB) are offered 28,09,155 shares in Azad Engineering IPO and 56,05,634 shares in Medi Assist Healthcare IPO.

	Azad Engineering IPO	Medi Assist Healthcare IPO
Anchor Investor Reserveration	42,13,731 shares	84,08,449 shares
Market Maker Reserveration
QIB	28,09,155 shares	56,05,634 shares
NII	21,06,866 shares	42,04,226 shares
RII	49,16,021 shares	98,09,859 shares
Employee	0 shares	0 shares
Others
Total	98,32,042 shares	1,96,19,719 shares

Bids Received (Subscription)

Azad Engineering IPO subscribed 83.04x in total, whereas Medi Assist Healthcare IPO subscribed 16.25x.

	Azad Engineering IPO	Medi Assist Healthcare IPO
QIB (times)	179.64x	40.14x
NII (times)	90.24x	14.85x
Big NII (times)	93.30x	17.22x
Small NII (times)	84.12x	10.12x
RII (times)	24.51x	3.19x
Employee (times)
Other (times)
Total (times)	83.04x	16.25x

Compare with others

Azad Engineering IPO	Medi Assist Healthcare IPO
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Medi Assist Healthcare IPO	R K SWAMY IPO
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Mufti Menswear IPO	Jyoti CNC Automation IPO
Inox CVA IPO	Innova Captab IPO
Suraj Estate Developers IPO	Azad Engineering IPO
RBZ Jewellers IPO	Mufti Menswear IPO
Motisons Jewellers IPO	Inox CVA IPO

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