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Medi Assist Healthcare Services Ltd

Insurance

Offer Period :

15th to 17th Jan 2024

Founded in June 2002, Medi Assist Healthcare Services is a health-tech and insurance-tech firm managing health benefits, linking insurance companies, healthcare providers, and government schemes.  Read more... Collaborating with 36 insurance companies globally, it generated revenue and settled 5.27 million claims in FY2023, boasting a vast network across India.Read less

Medi Assist Healthcare Services Ltd IPO Details

IPO Date 15th to 17th Jan 2024 Minimum Investment ₹14630 / 1 Lots
Listing Date 2024-01-23 Maximum Investment ₹190190 / 13 Lots
Face Value ₹5 per share Total Issue Size ₹1171.58 Crores
Price ₹418 to ₹418 per share Fresh Issue ₹0 Crores
Lot Size 1 Lots (35 Shares) Offer For Sale ₹ 1171.58
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 15th to 17th Jan 2024
Listing Date 2024-01-23
Face Value ₹5 per share
Price ₹418 to ₹418 per share
Lot Size 1 Lots (35 Shares)
Listing At BSE, NSE
Employee Discount ₹0 per share
Minimum Investment ₹14630 / 1 Lots
Maximum Investment ₹190190 / 13 Lots
Total Issue Size ₹1171.58 Crores
Fresh Issue ₹0 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

15th Jan

IPO Starts

17th Jan

IPO Ends

18th Jan

Allotment Date

19th Jan

Initiation of Refund

19th Jan

Credit of Shares to Demat Account

23rd Jan

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 67.55 45.75
Public Group 32.45 54.25

Medi Assist Healthcare Services Ltd IPO Reservation

QIB Shares Offered 5605634(20%)
NII (HNI) Shares Offered 4204225(15%)
Retail Shares Offered 9809859(35%)
Anchor Investor Shares Offered 8408450(30%)
Total Shares Offered 28028168
Total Shares With Anchor Investor 28028168

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Medi Assist Healthcare Services Ltd IPO Registrar

Link Intime India Pvt Ltd
Phone Number (+ 91) 810 811 4949
Email Id medi.ipo@linkintime.co.in
Our Website www.linkintime.co.in

Medi Assist Healthcare Services Ltd IPO Lead Manager

1. Axis Capital Ltd

2. IIFL Securities Ltd

3. SBI Capital Markets Ltd

4. Nuvama Wealth Management Ltd

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Medi Assist Healthcare Services Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Medi Assist Healthcare Services Ltd

1. Well Established Third Party Administrator in India.

2. Scalable technology-enabled infrastructure addressing the needs of all constituents of the health insurance ecosystem.

3. Longstanding relationships with Indian insurance companies.

4. Diversified base of Group Accounts with strong relationships.

5. Attractive contracts with a pan-India healthcare provider network to provide discounted rates and/or preferential packages to its customers.

6. The Company's ability to integrate acquisitions with its business and consolidating its position in the industry.

7. Experienced management team and institutional shareholders.

Risks Involved

1. The company's inability to effectively manage and expand its network of healthcare providers may have an adverse effect on its business, results of operations and financial condition.

2. The company derives a significant portion of its revenues from a limited number of clients and the loss of one or more such clients could adversely affect its business and prospects.

3. The report of the previous statutory auditors of the Company and one of its Subsidiaries, Medi Assist TPA, contains certain disclaimers of opinion, and the reports of the current statutory auditors of the Company and one of the Subsidiaries, Medi Assist TPA, contain other matter and emphasis of matter paragraphs, as applicable.

4. The company's business is significantly dependent on group accounts in certain industries, and any adverse developments affecting such industries may adversely affect its business and results of operations. In addition, any termination or adverse change in the company relationship or arrangements with insurance companies or corporates could adversely affect its business, results of operations and financial condition.

5. The company has acquired certain entities in the recent past, including outside of India, and may continue to do so in the future. Any failure to realize the anticipated benefits of its acquisitions may have an adverse effect on the company business, results of operations, financial condition and cash flows.

6. There are outstanding legal proceedings involving the Company, the Directors, the Promoters and the Subsidiaries.

7. The company is dependent on its Directors, Key Managerial Personnel and Senior Management, and the loss of, or the company inability to attract or retain these persons could adversely affect its business, results of operations and financial condition.

8. The company revenues and profitability are dependent on its premium under management, which may decline.

9. The company's business is dependent on the continued demand for benefits administration services by insurance companies, corporates and the Central and State Governments.

10. The company have certain contingent liabilities that may adversely affect its financial condition and results of operations.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2024 2023 2022
Total Assets 850.58 705.72 602.23
Total Liabilities 850.58 705.72 602.23
Total Expenses 547.66 415.35 333.98
Total Revenue 
653.05 518.96 412.06
Profit After Tax 66.94 74.06 64.22
EBITDA 130.63 133.37 112.04
Adjusted EBITDA 0 0 0

Medi Assist Healthcare Services Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-01-23 544088 MEDIASSIST
INE456Z01021
₹418 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹418 ₹418
Open ₹465 ₹460
Low ₹446 ₹445
High ₹509.6 ₹518
Low ₹446 ₹445

Frequently Asked Questions

What is Medi Assist Healthcare Services Ltd IPO?

Answer Field

Medi Assist Healthcare Services Ltd IPO is a Mainboard IPO of 2,80,28,168 equity shares of a face value of ₹5 aggregating up to ₹1171.58 Crores. The issue is priced at ₹418 to ₹418 per share. The minimum order quantity is 35 Shares. The IPO opens on January 15, 2024, and closes on January 17, 2024. Link Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Medi Assist Healthcare Services Ltd IPO will open?

Answer Field

The Medi Assist Healthcare Services Ltd IPO opens on January 15, 2024 and closes on January 17, 2024.

What is the lot size of Medi Assist Healthcare Services Ltd?

Answer Field

Medi Assist Healthcare Services Ltd lot size is 35 shares, and the minimum amount required is ₹14,630.

How to apply for Medi Assist Healthcare Services Ltd IPO?

Answer Field

You can apply in Medi Assist Healthcare Services Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Medi Assist Healthcare Services Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Medi Assist Healthcare Services Ltd IPO will be done on January 18, 2024, and the allotted shares will be credited to your demat account by January 19, 2024.

When is Medi Assist Healthcare Services Ltd IPO listing date?

Answer Field

The Medi Assist Healthcare Services Ltd listing date is January 23, 2024.

Who is the registrar of Medi Assist Healthcare Services Ltd IPO?

Answer Field

The registrar of Medi Assist Healthcare Services Ltd IPO is Link Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Axis Capital Ltd,IIFL Securities Ltd,SBI Capital Markets Ltd,Nuvama Wealth Management Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Medi Assist Healthcare Services Ltd IPO?

Answer Field

The fresh issue size is ₹[-] Crores equity shares.

What minimum lot size can retail subscribers subscribe to Medi Assist Healthcare Services Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 35 shares and ₹14,630 amount.

How can I approve the UPI mandate request for Medi Assist Healthcare Services Ltd IPO?

Answer Field

To apply for Medi Assist Healthcare Services Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Medi Assist Healthcare Services Ltd?

Answer Field

The price of each Medi Assist Healthcare Services Ltd share will be ranging in between ₹418 to ₹418 per share.

What is the cut-off time for the UPI mandate for Medi Assist Healthcare Services Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, January 17, 2024.

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