Medi Assist Healthcare Services Ltd
Price Range
₹397 - ₹418
Min. Quantity
35
Closes on
17 January 2024
Min. investment
₹14,630/455 Shares
Medi Assist Healthcare Services Ltd IPO Timeline
Medi Assist Healthcare Services Limited was formerly incorporated on June 7, 2000 as a Private Limited Company with the name 'Net Logistics Private Limited'. Subsequently, name of the Company was changed to 'Medi Assist Healthcare Services Private Limited' on November 21, 2012. Upon the conversion to a Public Company, the name was changed to 'Medi Assist Healthcare Services Limited' through fresh Certificate of Incorporation issued by the RoC on March 20, 2018.
| Event | Date |
|---|---|
| Medi Assist Healthcare Services Ltd IPO Opening Date | 15 January 2024 |
| Medi Assist Healthcare Services Ltd IPO Closing Date | 17 January 2024 |
| Basis of Allotment | 18 January 2024 |
| Initiation of Refunds | 19 January 2024 |
| Credit of Shares to Demat | 19 January 2024 |
| Medi Assist Healthcare Services Ltd IPO Listing Date | 23 January 2024 |
Medi Assist Healthcare Services Ltd IPO Details
| Medi Assist Healthcare Services Ltd IPO Date | 15 January 2024 to 17 January 2024 |
| Medi Assist Healthcare Services Ltd IPO Face Value | ₹5 per share |
| Medi Assist Healthcare Services Ltd IPO Price | ₹397 to ₹418 per share |
| Medi Assist Healthcare Services Ltd IPO Lot Size | 35 |
| Issue Size | Shares of ₹5 (aggregating up to ₹1,171.58 Cr) |
| Fresh Issue | Shares of ₹5 (aggregating up to ₹0 Cr) |
| Offer for Sale | Shares of ₹5 (aggregating up to ₹1,171.58 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 56,05,634 of the Net Offer |
| Retail Shares Offered | Not less than 98,09,859 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 42,04,226 of the Net Offer |
| Company Promoters | Vikram Jit Singh Chhatwal, Medimatter Health Management P, Bessemer India Capital Holding |
Medi Assist Healthcare Services Ltd IPO Lot Size
The Medi Assist Healthcare Services Ltd IPO lot size is 35 shares. A retail-individual investor can apply for up to 13 lots (455 shares or ₹1,90,190).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 35 | ₹14,630 |
| Maximum | 13 | 455 | ₹1,90,190 |
- Strengths
- Risks
- Opportunities
- Well Established Third Party Administrator in India.
- Scalable technology-enabled infrastructure addressing the needs of all constituents of the health insurance ecosystem.
- Longstanding relationships with Indian insurance companies.
- Diversified base of Group Accounts with strong relationships.
- Attractive contracts with a pan-India healthcare provider network to provide discounted rates and/or preferential packages to its customers.
- The Company's ability to integrate acquisitions with its business and consolidating its position in the industry.
- Experienced management team and institutional shareholders.
Company Financials
Medi Assist Healthcare Services Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 251.58 | 130.59 | 19.45 |
| 03-2023 | 197.67 | 85.5 | 16.59 |
| 03-2022 | 194.96 | 65.55 | 18.50 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Listing of Shares on the Stock Exchanges
Medi Assist Healthcare Services Ltd IPO Promoter Holding
| Pre Issue Share Holding | 3.69% |
| Post Issue Share Holding | - |
Medi Assist Healthcare Services Ltd IPO Subscription Status (Bidding Detail)
The Medi Assist Healthcare Services Ltd IPO is subscribed 16.25 times on 17 January 2024 05:00:00 PM. The public issue subscribed 3.19 times in the retail category, 40.14 times in the QIB category, and 14.85 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 40.14 | 14.85 | 3.19 | - | 16.25 |
Medi Assist Healthcare Services Ltd IPO Prospectus
Medi Assist Healthcare Services Ltd IPO Listing Date
| Listing Date | 23 January 2024 |
| BSE Script | 544088 |
| NSE Symbol | MEDIASSIST |
| Listing In | BSE, NSE |
| ISIN | INE456Z01021 |
| IPO Price | ₹418 |
| Face Value | ₹5 |
Company Contact Information
Tower D4th Floor IBC KnowledgePark,4/1 Bannerghatta Road,Bengaluru-560029
Phone: +91 80 6919 0000
Email: investor.relations@mediassist.in
Website: www.mediassist.in
Medi Assist Healthcare Services Ltd IPO Registrar
Medi Assist Healthcare Services Ltd IPO Lead Manager(s)
- Axis Capital Ltd
- IIFL Securities Ltd
- SBI Capital Markets Ltd
- Nuvama Wealth Management Ltd
FAQ
What is the issue size of Medi Assist Healthcare Services Ltd IPO?
I have pre-applied for Medi Assist Healthcare Services Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.