EPACK Durable IPO vs Medi Assist Healthcare IPO

Comparision between EPACK Durable IPO and Medi Assist Healthcare IPO.

IPO Details

EPACK Durable 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.

	EPACK Durable 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 Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) ICICI 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 EPACK Durable IPO is up to ₹640.05 Cr whereas the issue size of the Medi Assist Healthcare IPO is up to ₹1,171.58 Cr. The final issue price of EPACK Durable IPO is ₹230.00 per share and of Medi Assist Healthcare IPO is ₹418.00 per share.

	EPACK Durable IPO	Medi Assist Healthcare IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹218.00 per share	₹397.00 per share
Issue Price (Upper)	₹230.00 per share	₹418.00 per share
Issue Price (Final)	₹230.00 per share	₹418.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	65 shares	35 shares
Fresh Issue Size	1,73,91,304 shares
Fresh Issue Size (Amount)	up to ₹400.00 Cr
OFS Issue Size	1,04,37,047 shares	2,80,28,168 shares
OFS Issue Size (Amount)	up to ₹240.05 Cr	up to ₹1,171.58 Cr
Issue Size Total	2,78,28,351 shares	2,80,28,168 shares
Issue Size Total (Amount)	up to ₹640.05 Cr	up to ₹1,171.58 Cr

IPO Timetable

EPACK Durable IPO opens on Jan 19, 2024, while Medi Assist Healthcare IPO opens on Jan 15, 2024. The closing date of EPACK Durable IPO and Medi Assist Healthcare IPO is Jan 24, 2024, and Jan 17, 2024, respectively.

	EPACK Durable IPO	Medi Assist Healthcare IPO
Anchor Bid Date	Jan 18, 2024	Jan 12, 2024
Issue Open	Jan 19, 2024	Jan 15, 2024
Issue Close	Jan 24, 2024	Jan 17, 2024
Basis Of Allotment (Tentative)	Jan 25, 2024	Jan 18, 2024
Initiation of Refunds (Tentative)	Jan 29, 2024	Jan 19, 2024
Credit of Share (Tentative)	Jan 29, 2024	Jan 19, 2024
Listing date (Tentative)	Jan 30, 2024	Jan 23, 2024
Anchor Lockin End date 1	Feb 24, 2024	Feb 17, 2024
Anchor Lockin End date 2	Apr 24, 2024	Apr 17, 2024

Financials

EPACK Durable IPO P/E ratio is 56.4, as compared to Medi Assist Healthcare IPO P/E ratio of 38.22.

EPACK Durable IPO

Medi Assist Healthcare IPO

Financial

EPACK Durable Limited Financial Information (Restated)

EPACK Durable Limited's revenue increased by 66.09% and profit after tax (PAT) rose by 83.39% 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	1,071.45	1,464.16	1,076.68	520.37
Revenue	616.32	1,540.25	927.34	739.66
Profit After Tax	2.65	31.97	17.43	7.80
Net Worth	478.31	313.62	121.87	68.91
Total Borrowing	369.57	492.45	383.98	238.56
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)

85.49%

67.55%

Promoter Shareholding (Post-Issue)

65.36%

45.75%

P/E Ratio

56.4

38.22

Market Cap

₹2203.37 Cr.

₹2878.32 Cr.

ROE

14.68%%

ROCE

11.85%%

24.95%%

Debt/Equity

1.58

EPS

₹4.08

₹10.94

RoNW

14.68%%

19.63%

Shares Offered

In the EPACK Durable IPO retail investors (RII) are offered 97,39,923 shares while in Medi Assist Healthcare IPO retail investors are offered 97,39,923 shares. Qualified institutional buyers (QIB) are offered 55,65,670 shares in EPACK Durable IPO and 56,05,634 shares in Medi Assist Healthcare IPO.

	EPACK Durable IPO	Medi Assist Healthcare IPO
Anchor Investor Reserveration	83,48,504 shares	84,08,449 shares
Market Maker Reserveration
QIB	55,65,670 shares	56,05,634 shares
NII	41,74,253 shares	42,04,226 shares
RII	97,39,923 shares	98,09,859 shares
Employee	0 shares	0 shares
Others
Total	1,94,79,846 shares	1,96,19,719 shares

Bids Received (Subscription)

EPACK Durable IPO subscribed 16.79x in total, whereas Medi Assist Healthcare IPO subscribed 16.25x.

	EPACK Durable IPO	Medi Assist Healthcare IPO
QIB (times)	25.59x	40.14x
NII (times)	29.07x	14.85x
Big NII (times)	31.60x	17.22x
Small NII (times)	21.74x	10.12x
RII (times)	6.50x	3.19x
Employee (times)
Other (times)
Total (times)	16.79x	16.25x

Compare with others

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

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