Medi Assist Healthcare IPO Allotment: Shares of Medi Assist Healthcare Services are being finalized today. Investors who had applied for the public issue can check the status of allotment of shares on the registrar’s portal or on the websites of the stock exchanges, BSE and NSE. The initial public issue was subscribed 16.25 times on the last day of bidding on Tuesday. According to data available on NSE, bids were received for 31,87,78,530 shares on offer of 1,96,19,719 shares under the company’s Rs 1,171.57 crore IPO. The category of retail individual investors (RIIs) was subscribed 3.19 times and the portion of non-institutional investors was subscribed 14.85 times. The qualified institutional investors (QIB) category was oversubscribed by 40.14 times. The IPO is entirely based on offer for sale (OFS) of up to 2,80,28,168 equity shares. The price range for this is Rs 397-418 per share. Medi Assist Healthcare Services had raised Rs 351.5 crore from anchor investors on Friday.
