Inox CVA IPO vs Medi Assist Healthcare IPO

Comparision between Inox CVA IPO and Medi Assist Healthcare IPO.

IPO Details

Inox CVA 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.

	Inox CVA 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 Axis Capital 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 Inox CVA IPO is up to ₹1,459.32 Cr whereas the issue size of the Medi Assist Healthcare IPO is up to ₹1,171.58 Cr. The final issue price of Inox CVA IPO is ₹660.00 per share and of Medi Assist Healthcare IPO is ₹418.00 per share.

	Inox CVA IPO	Medi Assist Healthcare IPO
Face Value	₹2 per share	₹5 per share
Issue Price (Lower)	₹627.00 per share	₹397.00 per share
Issue Price (Upper)	₹660.00 per share	₹418.00 per share
Issue Price (Final)	₹660.00 per share	₹418.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	22 shares	35 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size	2,21,10,955 shares	2,80,28,168 shares
OFS Issue Size (Amount)	up to ₹1,459.32 Cr	up to ₹1,171.58 Cr
Issue Size Total	2,21,10,955 shares	2,80,28,168 shares
Issue Size Total (Amount)	up to ₹1,459.32 Cr	up to ₹1,171.58 Cr

IPO Timetable

Inox CVA IPO opens on Dec 14, 2023, while Medi Assist Healthcare IPO opens on Jan 15, 2024. The closing date of Inox CVA IPO and Medi Assist Healthcare IPO is Dec 18, 2023, and Jan 17, 2024, respectively.

	Inox CVA IPO	Medi Assist Healthcare IPO
Anchor Bid Date	Dec 13, 2023	Jan 12, 2024
Issue Open	Dec 14, 2023	Jan 15, 2024
Issue Close	Dec 18, 2023	Jan 17, 2024
Basis Of Allotment (Tentative)	Dec 19, 2023	Jan 18, 2024
Initiation of Refunds (Tentative)	Dec 20, 2023	Jan 19, 2024
Credit of Share (Tentative)	Dec 20, 2023	Jan 19, 2024
Listing date (Tentative)	Dec 21, 2023	Jan 23, 2024
Anchor Lockin End date 1	Jan 18, 2024	Feb 17, 2024
Anchor Lockin End date 2	Mar 18, 2024	Apr 17, 2024

Financials

Inox CVA IPO P/E ratio is 39.22, as compared to Medi Assist Healthcare IPO P/E ratio of 38.22.

Inox CVA IPO

Medi Assist Healthcare IPO

Financial

Inox India Limited Financial Information (Restated Consolidated)

Inox India Limited's revenue increased by 22.46% and profit after tax (PAT) rose by 17.02% 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	1,155.81	1,148.36	896.75	687.20
Revenue	580.00	984.20	803.71	608.99
Profit After Tax	103.34	152.71	130.50	96.11
Net Worth	554.24	549.48	502.28	371.51
Reserves and Surplus
Total Borrowing	31.03		43.38	60.37
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)

99.30%

67.55%

Promoter Shareholding (Post-Issue)

75.46%

45.75%

P/E Ratio

39.22

38.22

Market Cap

₹5990.39 Cr.

₹2878.32 Cr.

ROE

27.79%%

ROCE

36.53%%

24.95%%

Debt/Equity

EPS

₹16.83

₹10.94

RoNW

27.79%%

19.63%

Shares Offered

In the Inox CVA IPO retail investors (RII) are offered 77,38,835 shares while in Medi Assist Healthcare IPO retail investors are offered 77,38,835 shares. Qualified institutional buyers (QIB) are offered 44,22,191 shares in Inox CVA IPO and 56,05,634 shares in Medi Assist Healthcare IPO.

	Inox CVA IPO	Medi Assist Healthcare IPO
Anchor Investor Reserveration	66,33,285 shares	84,08,449 shares
Market Maker Reserveration
QIB	44,22,191 shares	56,05,634 shares
NII	33,16,644 shares	42,04,226 shares
RII	77,38,835 shares	98,09,859 shares
Employee	0 shares	0 shares
Others
Total	1,54,77,670 shares	1,96,19,719 shares

Bids Received (Subscription)

Inox CVA IPO subscribed 61.28x in total, whereas Medi Assist Healthcare IPO subscribed 16.25x.

	Inox CVA IPO	Medi Assist Healthcare IPO
QIB (times)	147.80x	40.14x
NII (times)	53.20x	14.85x
Big NII (times)	56.55x	17.22x
Small NII (times)	46.52x	10.12x
RII (times)	15.30x	3.19x
Employee (times)
Other (times)
Total (times)	61.28x	16.25x

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