Medi Assist share price extends gains after listing; Should you book profit or hold?
₹460 apiece on NSE. On BSE, Medi Assist shares began trading at ₹465 apiece, up 11.24% than the IPO price of ₹418. After a decent listing, Medi Assist Healthcare shares made a high of ₹509.60 apiece.
In the grey market, Medi Assist shares were commanding a premium of ₹34 ahead of the listing. Read here: Medi Assist share price makes a lukewarm debut, stock opens with 10% premium at ₹460 on NSE The strong listing of Medi Assist Healthcare Services on the stock exchanges today comes after the company’s initial public offering (IPO) received robust demand from investors. Medi Assist Healthcare IPO was subscribed 16.25 times during January 15 to January 17, further adding to the positive sentiment surrounding the health-tech firm’s prospects.
The public issue was subscribed 3.19 times in the retail category, 40.14 times in the Qualified Institutional Buyers’ (QIB) category, and 14.85 times in the Non-Institutional Investors’ (NII) category. (Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) According to analysts, short term investors may book profits after listing, while long-term investors may hold the stock keeping stop loss at issue price. “Medi Assist Healthcare Services Limited is a well-established health-tech and insurance-tech company, but the identified concerns regarding client concentration and dependence on subsidiaries still require ongoing monitoring.
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