Medi Assist Healthcare IPO Details: Medi Assist Healthcare IPO date is fixed, the IPO is going to hit the market on January 15, 2024 and close on January 17, 2024. Medi Assist Healthcare is going to raise around ₹ ₹1172 crores via IPO that comprises fresh issue of ₹0 crores and offer for sale up to 28,028,168 equity shares of ₹5 each. The retail quota for this IPO is 35%, QIB is 50%, and HNI is 15%.
Medi Assist Healthcare Services is a health-tech and insurance-tech company that manages health benefits for employers, retail members, and public health schemes, primarily serving insurance companies. It was incorporated in 2000 and has increased over the past years, expanding its capabilities and network across India and 141 countries worldwide. It offers medical insurance and cashless hospitalization through a network of over 14,000 healthcare service providers in India. It also provides digital solutions and products to enhance member experiences and streamline benefits administration. Medi Assist will launch its IPO on January 15, 2024 with a price band of Rs. 397 to Rs. 418 per share. Its vision is to deliver informed healthcare decisions to a billion lives connected by technology, partnerships, and human touch.
Table of Contents
Objects of the Issue:
- The Company expects that listing of the Equity Shares will enhance our visibility and brand and provide liquidity to its existing Shareholders. Listing will also provide a public market for the Equity Shares in India. The Company will not receive any proceeds from the Offer. All proceeds from the Offer will go to the Selling Shareholders, in proportion to the Equity Shares offered by them in the Offer for Sale.
IPO Date & Price Band Details
Medi Assist Healthcare IPO Allotment & Listing Dates
The Medi Assist Healthcare IPO date is January 15, 2024 and the close date is January 17, 2024. The Medi Assist Healthcare IPO allotment will be finalized on January 18, 2024 and the IPO listing date is January 22, 2024.
Medi Assist Healthcare IPO Allotment & Listing Dates
| IPO Open Date: | 15 January 2024 |
| IPO Close Date: | 17 January 2024 |
| IPO Allotment Date: | 18 January 2024 |
| Refunds Date: | 19 January 2024 |
| Credit to Demat Account: | 19 January 2024 |
| IPO Listing Date: | 22 January 2024 |
Medi Assist Healthcare IPO Market Lot
The Medi Assist Healthcare IPO minimum market lot is [.] shares with ₹[.] application amount. The retail investors can apply up-to 13 lots with [.] shares or ₹[.] amount.
| Application | Lot Size | Share | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 35 | ₹ 14,630 |
| Retail Maximum | 13 | 455 | ₹ 190,190 |
| S-HNI Mimimum | 14 | 490 | ₹ 204,820 |
| B-HNI Maximum | 69 | 2,415 | ₹ 1,009,470 |
Medi Assist Healthcare IPO GMP
| Date | IPO Price | GMP | Subject to | Expected Listing Gain |
|---|---|---|---|---|
| 11 January 2024 | ₹ 418 | ₹ 81 | ₹2200 | ₹499 (19.38%) |
| 10 January 2024 | ₹ 418 | ₹ 81 | ₹2200 | ₹499(19.38%) |
| 9 January 2024 | ₹- | ₹- | ₹- | ₹- |
Brockrage Firm Review on Medi Assist Healthcare
- Arihant Capital: To be updated Soon
- Capital Market: To be updated Soon
- Hem Security: To be updated Soon
- IDBI Capital: To be updated Soon
- Religare Broking: To be updated Soon
You can check IPO subscription status and IPO allotment status on their respective pages.
Medi Assist Healthcare Company Financial Report
Medi Assist Healthcare IPO Valuation – FY2023
Check Medi Assist Healthcare IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹ 10.75 (Pre IPO) |
| Price to Earning (P/E) Ratio: | 38.87 (Pre IPO) |
| Return on Net Worth (RoNW): | 19.63% |
| Net Asset Value (NAV): | ₹ 19.30 per Equity Share |
Medi Assist Healthcare Company Promoters
- Dr Vikram Jit Singh Chhatwal
- Medimatter Health Management Private Limited
- Bessemer India Capital Holding II Ltd.
Medi Assist Healthcare IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: Signatureglobal.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Medi Assist Healthcare IPO Allotment Status Check
Check Medi Assist Healthcare IPO allotment status on Linkintime website allotment URL. Click Here
Medi Assist Healthcare Company Address
Medi Assist Healthcare Services Limited
Tower D, 4th floor, IBC Knowledge Park
4/1 Bannerghatta Road
Bengaluru 560 029
Phone: (+91 80) 6919 0000
Email: investor.relations@mediassist.in
Website: https://mediassist.in/
Medi Assist Healthcare IPO Form
How to apply for the Medi Assist Healthcare IPO? You can apply for Medi Assist Healthcare IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Medi Assist Healthcare IPO in the Invest section. The other option is you can apply for Medi Assist Healthcare IPO via IPO forms downloaded via NSE and BSE. Check out the Medi Assist Healthcare forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
Medi Assist Healthcare IPO FAQs
Medi Assist Healthcare IPO is a main-board IPO. They are going to raise ₹ 1172 Crores via IPO that comprises fresh issue of ₹0 crores and offer for sale offer for sale up to 28,028,168 equity shares of ₹5 each. The issue is priced at ₹397 to ₹418 pr equity share.
The Medi Assist Healthcare IPO is going to open on January 15, 2024 for QIB, NII, and Retail Investors.
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
You can apply for Medi Assist Healthcare IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
Medi Assist Healthcare IPO size is ₹1172 crores.
The Price Band for Medi Assist Healthcare IPO is ₹397 to ₹418.
The minimum bid is 35 Shares with ₹14630 amount while the maximum bid 455 shares with ₹190,190 for retail investors.
Medi Assist Healthcare IPO allotment date is January 18, 2024.
Medi Assist Healthcare IPO listing date is January 22, 2024. The IPO is to list on BSE and NSE.