Medi Assist IPO - Should you subscribe to issue? Check Anil Singhvi's view

Medi Assist IPO subscription: The Initial Public Offer (IPO) of Medi Assist Healthcare Services is open for subscription. The Rs 1,171.57 crore IPO got a 54 per cent subscription on the first day of bidding on Monday. 

Meanwhile, the Initial Public Offering (IPO) of Medi Assist Healthcare Services was subscribed 1.20 times on the second day of subscription

Medi Assist IPO: Should you Subscribe or Not - Check Anil Singhvi's View

Zee Business Managing Editor Anil Singhvi said that only high-risk investors should subscribe to the IPO and that too for the long term. 

"Only high-risk investors with a long-term view should subscribe to the IPO. Also, the long-term view should be for three years. Alternatively, one can buy shares of Medi Assist IPO after listing," Singhiv said.

Medi Assist IPO - Positives 

- Unique business model.

- Strong market leadership.

- No other listed company from this field.

- Asset-light business model.

- Focus on inorganic growth via acquisitions. They have already done seven acquisitions.

- Strong track record of growth

Medi Assist IPO - Negatives

- Promoters' stake will come down to 46 per cent.

- The PE ratio of the IPO is 44 which is expensive.

Medi Assist IPO: Issue price 

The company has fixed a price band of Rs 397- Rs 418 per share for the IPO.

Medi Assist IPO: Lot size 

Potential investors will be able to bid for shares under the IPO in multiples of 35 shares, translating into Rs 13,895-14,630 per lot. 

Medi Assist Healthcare IPO: Book running lead managers

Axis Bank, IIFL Securities, Nuvama Wealth Management and SBI Capital Markets are the book-running lead managers, whereas Link Intime India is the registrar for the issue.

Medi Assist IPO: Allotment Dates

The allotment of shares of Medi Assist Healthcare is expected to be finalised tentatively on Thursday, January 18.

Medi Assist Healthcare IPO: Listing Dates

Medi Assist Healthcare shares are expected to be listed on stock exchanges BSE and NSE tentatively on January 22.