Medi Assist Healthcare IPO vs Nova AgriTech IPO

Comparision between Medi Assist Healthcare IPO and Nova AgriTech IPO.

IPO Details

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

	Medi Assist Healthcare IPO	Nova AgriTech 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	Keynote Financial Services Ltd Bajaj Capital Limited
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt 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 Nova AgriTech IPO is up to ₹143.81 Cr. The final issue price of Medi Assist Healthcare IPO is ₹418.00 per share and of Nova AgriTech IPO is ₹41.00 per share.

	Medi Assist Healthcare IPO	Nova AgriTech IPO
Face Value	₹5 per share	₹2 per share
Issue Price (Lower)	₹397.00 per share	₹39.00 per share
Issue Price (Upper)	₹418.00 per share	₹41.00 per share
Issue Price (Final)	₹418.00 per share	₹41.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	35 shares	365 shares
Fresh Issue Size		2,73,17,073 shares
Fresh Issue Size (Amount)		up to ₹112.00 Cr
OFS Issue Size	2,80,28,168 shares	77,58,620 shares
OFS Issue Size (Amount)	up to ₹1,171.58 Cr	up to ₹31.81 Cr
Issue Size Total	2,80,28,168 shares	3,50,75,693 shares
Issue Size Total (Amount)	up to ₹1,171.58 Cr	up to ₹143.81 Cr

IPO Timetable

Medi Assist Healthcare IPO opens on Jan 15, 2024, while Nova AgriTech IPO opens on Jan 23, 2024. The closing date of Medi Assist Healthcare IPO and Nova AgriTech IPO is Jan 17, 2024, and Jan 25, 2024, respectively.

	Medi Assist Healthcare IPO	Nova AgriTech IPO
Anchor Bid Date	Jan 12, 2024	Jan 19, 2024
Issue Open	Jan 15, 2024	Jan 23, 2024
Issue Close	Jan 17, 2024	Jan 25, 2024
Basis Of Allotment (Tentative)	Jan 18, 2024	Jan 29, 2024
Initiation of Refunds (Tentative)	Jan 19, 2024	Jan 30, 2024
Credit of Share (Tentative)	Jan 19, 2024	Jan 30, 2024
Listing date (Tentative)	Jan 23, 2024	Jan 31, 2024
Anchor Lockin End date 1	Feb 17, 2024	Feb 28, 2024
Anchor Lockin End date 2	Apr 17, 2024	Apr 28, 2024

Financials

Medi Assist Healthcare IPO P/E ratio is 38.22, as compared to Nova AgriTech IPO P/E ratio of 13.05.

Medi Assist Healthcare IPO

Nova AgriTech 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

Nova AgriTech Limited Financial Information (Restated Consolidated)

Period Ended	30 Sep 2023	31 Mar 2023	22 Mar 2022	31 Mar 2021
Assets	196.37	180.78	160.30	147.44
Revenue	103.24	210.93	185.61	160.93
Profit After Tax	10.38	20.49	13.69	6.30
Net Worth	74.23	63.88	43.19	29.43
Reserves and Surplus	60.97	50.59	30.10	16.41
Total Borrowing	68.50	70.96	64.27	51.10
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

67.55%

84.27%

Promoter Shareholding (Post-Issue)

45.75%

59.39%

P/E Ratio

38.22

13.05

Market Cap

₹2878.32 Cr.

₹379.33 Cr.

ROE

38.27%%

ROCE

24.95%%

27.25%%

Debt/Equity

1.11

EPS

₹10.94

₹3.14

RoNW

19.63%

32.08%%

Shares Offered

In the Medi Assist Healthcare IPO retail investors (RII) are offered 98,09,859 shares while in Nova AgriTech 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 70,15,139 shares in Nova AgriTech IPO.

	Medi Assist Healthcare IPO	Nova AgriTech IPO
Anchor Investor Reserveration	84,08,449 shares	1,05,22,220 shares
Market Maker Reserveration
QIB	56,05,634 shares	70,15,139 shares
NII	42,04,226 shares	52,61,354 shares
RII	98,09,859 shares	1,22,76,492 shares
Employee	0 shares	0 shares
Others
Total	1,96,19,719 shares	2,45,52,985 shares

Bids Received (Subscription)

Medi Assist Healthcare IPO subscribed 16.25x in total, whereas Nova AgriTech IPO subscribed 113.21x.

	Medi Assist Healthcare IPO	Nova AgriTech IPO
QIB (times)	40.14x	81.13x
NII (times)	14.85x	233.03x
Big NII (times)	17.22x	231.40x
Small NII (times)	10.12x	236.27x
RII (times)	3.19x	80.20x
Employee (times)
Other (times)
Total (times)	16.25x	113.21x

Compare with others

Medi Assist Healthcare IPO	Nova AgriTech 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	EPACK Durable 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	Mufti Menswear IPO

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