MUMBAI - Medi Assist Healthcare Services (NASDAQ:HCSG) Ltd, an Indian firm specializing in third-party healthcare administration, is experiencing a notable uptick in investor interest ahead of its stock market debut, scheduled Tuesday on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The company's initial public offering (IPO) has attracted a grey market premium of ₹40, signaling strong market expectations.
The healthcare provider, which caters to a substantial number of companies listed on the Nifty 50 and BSE 500 indexes, has reported a rise in income despite a downturn in profits. This financial performance has not deterred institutional investors, who have heavily oversubscribed the IPO. The Offer for Sale (OFS) IPO is set at a price range of ₹397 to ₹418 per share, with the grey market premium suggesting an opening premium of approximately 8-9.5%.
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