MUMBAI - Medi Assist Healthcare Services (NASDAQ:HCSG) is witnessing robust investor interest in its initial public offering (IPO), with the subscription reaching 68% on the second day. The retail investor segment has shown particularly strong engagement, fully subscribing to their allotted portion.
On Monday, the first day of the IPO, the company had already seen more than half of the shares on offer being snapped up, with retail investors claiming 89% of their quota. The IPO has been priced in the range of ₹397 to ₹418 per share, and Medi Assist aims to raise ₹1,171.58 crore through the offer-for-sale (OFS) mechanism.
Before the IPO commenced, Medi Assist garnered over ₹351 crores from anchor investors, which included prominent names such as Nomura Trust and Goldman Sachs (NYSE:GS). The proceeds from the IPO are earmarked for existing shareholders, with the anticipation of share allotment and the subsequent listing on the market to follow shortly.
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