Medi Assist Healthcare IPO vs Mufti Menswear IPO

Comparision between Medi Assist Healthcare IPO and Mufti Menswear IPO.

IPO Details

Medi Assist Healthcare IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Mufti Menswear IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Medi Assist Healthcare IPO	Mufti Menswear 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 Bank Limited Iifl Securities Ltd Nuvama Wealth Management Limited SBI Capital Markets Limited	Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) ICICI Securities Limited Keynote Financial Services Ltd
Registrar	Link Intime India Private Ltd	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 Medi Assist Healthcare IPO is up to ₹1,171.58 Cr whereas the issue size of the Mufti Menswear IPO is up to ₹549.78 Cr. The final issue price of Medi Assist Healthcare IPO is ₹418.00 per share and of Mufti Menswear IPO is ₹280.00 per share.

	Medi Assist Healthcare IPO	Mufti Menswear IPO
Face Value	₹5 per share	₹2 per share
Issue Price (Lower)	₹397.00 per share	₹266.00 per share
Issue Price (Upper)	₹418.00 per share	₹280.00 per share
Issue Price (Final)	₹418.00 per share	₹280.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	35 shares	53 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size	2,80,28,168 shares	1,96,34,960 shares
OFS Issue Size (Amount)	up to ₹1,171.58 Cr	up to ₹549.78 Cr
Issue Size Total	2,80,28,168 shares	1,96,34,960 shares
Issue Size Total (Amount)	up to ₹1,171.58 Cr	up to ₹549.78 Cr

IPO Timetable

Medi Assist Healthcare IPO opens on Jan 15, 2024, while Mufti Menswear IPO opens on Dec 19, 2023. The closing date of Medi Assist Healthcare IPO and Mufti Menswear IPO is Jan 17, 2024, and Dec 21, 2023, respectively.

	Medi Assist Healthcare IPO	Mufti Menswear IPO
Anchor Bid Date	Jan 12, 2024	Dec 18, 2023
Issue Open	Jan 15, 2024	Dec 19, 2023
Issue Close	Jan 17, 2024	Dec 21, 2023
Basis Of Allotment (Tentative)	Jan 18, 2024	Dec 22, 2023
Initiation of Refunds (Tentative)	Jan 19, 2024	Dec 26, 2023
Credit of Share (Tentative)	Jan 19, 2024	Dec 26, 2023
Listing date (Tentative)	Jan 23, 2024	Dec 27, 2023
Anchor Lockin End date 1	Feb 17, 2024	Jan 21, 2024
Anchor Lockin End date 2	Apr 17, 2024	Mar 21, 2024

Financials

Medi Assist Healthcare IPO P/E ratio is 38.22, as compared to Mufti Menswear IPO P/E ratio of 23.22.

Medi Assist Healthcare IPO

Mufti Menswear IPO

Financial

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

Credo Brands Marketing Limited Financial Information (Restated Consolidated)

Credo Brands Marketing Limited's revenue increased by 43.54% and profit after tax (PAT) rose by 116.88% 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	592.38	574.48	476.05	416.99
Revenue	119.43	509.32	354.84	261.15
Profit After Tax	8.58	77.51	35.74	3.44
Net Worth	289.88	281.35	235.73	192.33
Reserves and Surplus
Total Borrowing	11.30	10.08	13.46	15.23
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

67.55%

66.66%

Promoter Shareholding (Post-Issue)

45.75%

53.66%

P/E Ratio

38.22

23.22

Market Cap

₹2878.32 Cr.

₹1800.45 Cr.

ROE

29.98%%

ROCE

24.95%%

28.16%%

Debt/Equity

0.65

EPS

₹10.94

₹0.54

RoNW

19.63%

29.98%%

Shares Offered

In the Medi Assist Healthcare IPO retail investors (RII) are offered 98,09,859 shares while in Mufti Menswear IPO retail investors are offered 98,09,859 shares. Qualified institutional buyers (QIB) are offered 56,05,634 shares in Medi Assist Healthcare IPO and 39,26,992 shares in Mufti Menswear IPO.

	Medi Assist Healthcare IPO	Mufti Menswear IPO
Anchor Investor Reserveration	84,08,449 shares	58,90,488 shares
Market Maker Reserveration
QIB	56,05,634 shares	39,26,992 shares
NII	42,04,226 shares	29,45,244 shares
RII	98,09,859 shares	68,72,236 shares
Employee	0 shares	0 shares
Others
Total	1,96,19,719 shares	1,37,44,472 shares

Bids Received (Subscription)

Medi Assist Healthcare IPO subscribed 16.25x in total, whereas Mufti Menswear IPO subscribed 51.85x.

	Medi Assist Healthcare IPO	Mufti Menswear IPO
QIB (times)	40.14x	104.95x
NII (times)	14.85x	55.52x
Big NII (times)	17.22x	55.73x
Small NII (times)	10.12x	55.10x
RII (times)	3.19x	19.94x
Employee (times)
Other (times)
Total (times)	16.25x	51.85x

Compare with others

Medi Assist Healthcare IPO	Mufti Menswear IPO
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Azad Engineering IPO	RBZ Jewellers IPO
Mufti Menswear IPO	Motisons Jewellers IPO
Inox CVA IPO	Mukka Proteins IPO

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