Medi Assist Healthcare IPO Date, Review, Price, Allotment Details

Medi Assist Healthcare IPO Details: Medi Assist Healthcare IPO date is fixed, the IPO is to hit the market on January 15 and will close on January 17. Medi Assist Healthcare IPO to raise around ₹1,172 crores via IPO that comprises fresh issue of ₹[.] crores and offer for sale up to 28,028,168 equity shares of ₹5 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.

Medi Assist Healthcare is India’s largest health benefits administrator in terms of revenues in the Financial Years 2021, 2022, and 2023 (Source: F&S Report). Their primary clients are insurance companies; however, they also serve as an intermediary between (a) general and health insurance companies and the insured members, (b) insurance companies and healthcare providers (such as hospitals), and (c) the Government and beneficiaries of public health schemes. For the Financial Year 2022, their total revenues accounted for 24.89%, our EBITDA accounted for 40.88%, and our profit after tax accounted for 55.31%, of the Indian health benefits administration industry revenue, EBITDA and profit after tax, respectively (Source: F&S Report).


They are also the largest health benefits administrator in India in terms of premium under management for retail and group policies, with a market share of 14.83% of the retail health insurance market and 41.71% of the group health insurance market, and combined retail and group segment share of 33.67% serviced by health benefits administrators for the Financial Year 2022 (Source: F&S Report). They managed ₹145,746.49 million of health insurance premiums (group and retail) at the end of Financial Year 2023 growing at a CAGR of 35.67% from ₹79,184.93 million as at the end of Financial Year 2021. As of March 31, 2023, we work with 36 insurance companies in India and globally.

Their technology-driven infrastructure and services are custom-built, and assist various stakeholders such as insurance companies, hospitals, insurance brokers, and insurance agents in their operations, and are scalable, comprehensive, easy to use, and secure. This enables us to offer a comprehensive healthcare solution to our customers, encompassing an extensive in-patient and out-patient network, on-demand health services, robust management of fraud, waste, and abuse, as well as effective medical inflation control. Their technology costs(operating costs and capital expenditure) were ₹49.57 million, ₹18.32 million, and ₹202.19 million for the Financial Years 2021, 2022, and 2023, respectively, and aggregated to 1.54%, 0.47%, and 4.00% of their revenue from contracts with customers, respectively.


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.

Medi Assist Healthcare IPO Review (Apply or Not)

  • May Apply

Brokerage Firm IPO Review

  • BP Equities (BP Wealth): Apply
  • Canara Bank Securities Ltd: Apply
  • Choice Equity Broking Pvt Ltd: Apply
  • Swastika Investmart Ltd: Neutral
  • Ventura Securities Limited: Apply

Medi Assist Healthcare IPO Date & Price Band Details

IPO Open:January 15, 2024
IPO Close:January 17, 2024
IPO Size:Approx ₹1,172 Crores
Offer for Sale:Approx ₹1,172 Crores
Face Value:₹5 Per Equity Share
IPO Price Band:₹397 to ₹418 Per Share
IPO Listing on:BSE & NSE
Retail Quota:35%
QIB Quota:50%
NII Quota:15%
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors List:Click Here

Medi Assist Healthcare IPO Market Lot

The Medi Assist Healthcare IPO minimum market lot is 35 shares with ₹14,630 application amount. The retail investors can apply up-to 13 lots with 455 shares or ₹190,190 amount.

ApplicationLot SizeSharesAmount
Retail Minimum135₹14,630
Retail Maximum13455₹190,190
S-HNI Minimum14490₹204,820
B-HNI Minimum692,415₹1,009,470

Medi Assist Healthcare IPO Allotment & Listing Dates

The Medi Assist Healthcare IPO date is January 15 and the close date is January 17. The Medi Assist Healthcare IPO allotment will be finalized on January 18 and the IPO listing on January 23.

Anchor Investors Allotment:January 12, 2024
IPO Open Date:January 15, 2024
IPO Close Date:January 17, 2024
Basis of Allotment:January 18, 2024
Refunds:January 19, 2024
Credit to Demat Account:January 19, 2024
IPO Listing Date:January 23, 2024

You can check IPO subscription status and IPO allotment status on their respective pages.

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 Company Financial Report

  ₹ in Crores
YearRevenueExpensePAT
2021₹345.57₹284.53₹26.27
2022₹412.02₹333.94₹64.22
2023₹518.95₹415.35₹74.04
2024 6M₹312.03₹260.62₹22.49

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):₹10.23 per Equity Share
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):19.30%
Net Asset Value (NAV):₹19.30 per Equity Share

Peer Group

  • NA

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: [email protected]
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 IPO Lead Managers aka Merchant Bankers

  • Axis Bank Limited
  • Iifl Securities Ltd
  • Nuvama Wealth Management Limited
  • SBI Capital Markets Limited

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: [email protected]
Website: https://mediassist.in/

Medi Assist Healthcare IPO FAQs

What is Medi Assist Healthcare IPO?

Medi Assist Healthcare IPO is a main-board IPO. They are going to raise ₹1,172 Crores via IPO. The issue is priced at ₹397 to ₹418 pr equity share. The IPO is to be listed on BSE & NSE.

When Medi Assist Healthcare IPO will open?

The IPO is to open on January 15, 2024 for QIB, NII, and Retail Investors.

What is Medi Assist Healthcare IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Medi Assist Healthcare IPO?

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.

How to Apply the Medi Assist Healthcare IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Medi Assist Healthcare”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Medi Assist Healthcare IPO through Upstox?

Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Medi Assist Healthcare”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Medi Assist Healthcare IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Medi Assist Healthcare”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Medi Assist Healthcare IPO Size?

Medi Assist Healthcare IPO size is ₹1,172 crores.

What is Medi Assist Healthcare IPO Price Band?

Medi Assist Healthcare IPO Price Band is ₹397 to ₹418.

What is the Medi Assist Healthcare IPO Allotment Date?

Medi Assist Healthcare IPO allotment date is January 18, 2024.

What is the Medi Assist Healthcare IPO Listing Date?

Medi Assist Healthcare IPO listing date is January 23, 2024. The IPO is to list on BSE and NSE.

Note: The Medi Assist Healthcare IPO price band and date are officially announced. The IPO grey market premium (Medi Assist Healthcare IPO Premium) will be added to the IPO grey market page as it will start).
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