Medi Assist Healthcare Services’ IPO had been subscribed 8.09 times as of January 17, the final day of bidding, with bids for 15.86 crore shares against the issue size of 1.96 crore shares. The issue will be closed today.
Qualified institutional purchasers took the lead, picking 16.31 times their permitted quota. Retail investors purchased 2.76 times, whereas high net-worth individuals purchased 9.55 times their permitted quota.
Analysts at most brokerage firms advised investors to ‘Subscribe’ to the IPO, citing the company’s dominating position in the third-party administrator (TPA) sector, stable financial performance, and solid cash flow production, among other factors.
Qualified institutional purchasers took the lead, picking 16.31 times their permitted quota. Retail investors purchased 2.76 times, whereas high net-worth individuals purchased 9.55 times their permitted quota.
Analysts at most brokerage firms advised investors to ‘Subscribe’ to the IPO, citing the company’s dominating position in the third-party administrator (TPA) sector, stable financial performance, and solid cash flow production, among other factors.
