The Medi Assist Healthcare date has been confirmed from January 15, 2024 and closes on January 17, 2024. Read the post to learn about Medi Assist Healthcare IPO GMP.
The Rs 1,171.58 crore Medi Assist Healthcare Developers IPO is a fixed price offering. The share price band has been set at ₹ 397 to ₹ 418. The minimal lot size for an operation is 35 Shares. The minimal quantum of investment needed by retail investors is ₹ 14,630. The minimum lot size investment for sNII is 14 lots (490 shares), amounting to ₹ 204,820, and for bNII, it’s 69 lots (2,415 shares), amounting to ₹1,009,470.
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Key Details Of Medi Assist Healthcare IPO:
Bidding Dates
January 15-17
Price Range
₹397 to ₹418
Face Value
₹5 per share
GMP
₹34
Medi Assist Healthcare IPO GMP
The Medi Assist Healthcare IPO GMP is ₹34.
Medi Assist Healthcare IPO Overview
The Medi Assist Healthcare IPO is a book- erected allocation worth Rs 1,171.58 crore. The issue is basically an offer to sell 2.8 crore shares. Medi Assist Healthcare’s original public immolation (IPO) will begin on January 15, 2024 and end on January 17, 2024. Medi Assist Healthcare IPO GMP Today is ₹ 34. The allotment for the Medi Assist Healthcare IPO is anticipated to be completed on Thursday, January 18, 2024. Medi Assist Healthcare IPO will be listed on the BSE and NSE, with a primary table date set for Monday, January 22, 2024.
Medi Assist Healthcare’s IPO pricing range is ₹ 397- 418 per share. The minimal lot size for an operation is 35 shares. The minimal investment for retail investors is ₹ 14,630. The minimum lot size investment for sNII is 14 lots (490 shares) for ₹ 204,820, while for bNII, it’s 69 lots (2,415 shares) worth ₹. The March 31, 2023 shot shows a structure of healthcare installations in India wider than that, having over 14000 units spread over 967 metropolises and municipalities in 32 countries and union homes. The company settled the claims of 5,27,000 people in the FY 2023 which covered 2,83,000 outpatient and 2,44,000 inpatient cases.
Medi Assist Healthcare IPO Details
| IPO Date | January 15, 2024 to January 17, 2024 |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Price Band | ₹397 to ₹418 per share |
| Lot Size | 35 Shares |
| Total Issue Size | 28,028,168 shares (aggregating up to ₹1,171.58 Cr) |
| Offer for Sale | 28,028,168 shares of ₹5 (aggregating up to ₹1,171.58 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 68,859,212 |
| Share holding post issue | 68,859,212 |
Medi Assist Healthcare Services Limited Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 705.72 | 602.23 | 545.30 |
| Revenue | 518.96 | 412.02 | 345.57 |
| Profit After Tax | 74.04 | 64.22 | 26.27 |
| Net Worth | 383.67 | 339.29 | 292.55 |
| Reserves and Surplus | 353.86 | 308.63 | 295.81 |
Medi Assist Healthcare IPO Timeline
| IPO Open Date | Monday, January 15, 2024 |
| IPO Close Date | Wednesday, January 17, 2024 |
| Basis of Allotment | Thursday, January 18, 2024 |
| Initiation of Refunds | Friday, January 19, 2024 |
| Credit of Shares to Demat | Friday, January 19, 2024 |
| Listing Date | Monday, January 22, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 17, 2024 |
Company Profile
In June 2002, Medi Assist Healthcare Service Private Limited, a reality operating in both the healthcare and insurance technology sectors, was innovated. It’s majorly devoted to the operation of health benefits for employers, retail members, and public health schemes, primarily feeding to insurance companies. Through its network of medical care providers, the Medi lift offers medical insurance and cashless hospitalization. Still, the company also serves as a go- between for (a) general and health insurance companies and their insured members, (b) insurance companies and healthcare providers (similar as hospitals), and (c) the government and public health system heirs.
On March 31, 2023, Medi Assist Healthcare established a working relationship with 36 insurance companies in India and also throughout the world. The retail portfolio generated 494.68 shop,579.84 shop, and570.29 shop USD in the financial times 2021, 2022, and 2023 consecutively. Those quantities had15.33,14.72 and 11.29 of the whole profit from contracts with public authorities for the times indicated.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | Medi Assist Healthcare Services Limited |
| Phone number | (+91 80) 6919 0000 |
| Email ID | [email protected] |
| Website | mediassist.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Medi Assist Healthcare IPO FAQs
When Medi Assist Healthcare IPO will open?
The Medi Assist Healthcare IPO dates are not announced. Please check back again after some time.
What is the lot size of Medi Assist Healthcare IPO?
Medi Assist Healthcare IPO lot size and the minimum order quantity is not available at this time. Please check again later.
When is Medi Assist Healthcare IPO allotment?
The finalization of Basis of Allotment for Medi Assist Healthcare IPO will be done on [.], and the allotted shares will be credited to your demat account by [.].
When is Medi Assist Healthcare IPO listing date?
The Medi Assist Healthcare IPO listing date is not yet announced. The tentative date of Medi Assist Healthcare IPO listing is [.].
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