Medi Assist Health debuts with over 11% premium
image for illustrative purpose
New Delhi: Shares of Medi Assist Healthcare Services listed with a premium of more than 11 per cent on Tuesday against the issue price of Rs418 per share. The stock listed at Rs465, up 11.24 per cent from the issue price on the BSE. It further jumped 13.35 per cent to Rs473.80.
On the NSE, the scrip of the company started the trade at Rs460, up 10.05 per cent. Further, it advanced 12.37 per cent to trade at Rs470.65 per share. In the morning session, the 30-share BSE Sensex was trading with a decline of 42.93 points or 0.06 per cent lower at 71,380.72, while NSE Nifty was trading at 21,555.50, down by 0.08 per cent.
The initial public offer of Medi Assist Healthcare Services got subscribed 16.25 times on the last day of subscription on January 17. The Rs1,171.57-crore initial public offer was entirely an Offer-for-Sale (OFS) of up to 2,80,28,168 equity shares.
