Medi Assist Healthcare Services Limited IPO
Important Dates:-
| Particulars | Value |
|---|---|
| Open Date:- | January 15, 2024 |
| Close Date:- | January 17, 2024 |
| Allotment Date:- | January 18, 2024 |
| Listing Date:- | January 23, 2024 |
About Medi Assist Healthcare Services Limited :-
Founded in June 2002, Medi Assist Healthcare Services Limited is a health-tech and insurance-tech firm specializing in managing health benefits for employers, retail members, and public health schemes, primarily catering to insurance companies.
Medi Assist facilitates medical insurance and cashless hospitalization through a network of healthcare service providers. Acting as an intermediary, the company connects general and health insurance companies with their insured members, collaborates with insurance firms and healthcare providers (including hospitals), and facilitates interactions between the Government and beneficiaries of public health schemes. As of March 31, 2023, Medi Assist Healthcare has partnerships with 36 insurance companies in India and globally.
For the financial years 2021, 2022, and 2023, the retail portfolio generated revenues of ₹494.68 million, ₹579.84 million, and ₹570.29 million, respectively. These figures represent 15.33%, 14.72%, and 11.29% of the total revenue from customer contracts during the same periods.
By March 31, 2023, the company has established an extensive healthcare network covering over 14,000 hospitals in 967 cities and towns across 32 states and union territories in India.
In FY2023, Medi Assist Healthcare settled a total of 5.27 million claims, including 2.44 million in-patient claims and 2.83 million out-patient claims.
Contact Details :-
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
E-mail:- investor.relations@mediassist.in
Website:- https://mediassist.in/
IPO Details :-
| Particulars | Value |
|---|---|
| IPO Type:- | Mainline |
| Price:- | ₹397 to ₹418 |
| Lot Size:- | 35 |
| Minimum Amount for 1 Lot:- | ₹14,630 |
| Listing At:- | BSE, NSE |
| Total issue of Shares:- | 2,80,28,168 |
| Total issue Size:- | ₹1,171.58 Crore |
| Offer for Sale issue of Shares:- | 2,80,28,168 |
| Offer for Sale issue Size:- | ₹1,171.58 Crore |
| Face Value:- | ₹5 per Equity Share |
Financial Information :-
Amount in ₹ Crore
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 802.62 | 705.72 | 602.23 | 545.30 |
| Revenue | 312.03 | 518.96 | 412.02 | 345.57 |
| Profit After Tax | 45.26 | 75.31 | 63.47 | 38.01 |
| Net Worth | 416.64 | 383.67 | 339.29 | 292.55 |
| Reserves and Surplus | 102.03 | 353.86 | 308.63 | 295.81 |
| Total Borrowing |
Key Performance Indicator :-
| Particulars | Value |
|---|---|
| Market Cap (₹ in Crore):- | 2,878 |
| ROCE:- | 24.95% |
| RoNW:- | 19.63% |
IPO Prospectus :-
| Particulars | Link |
|---|---|
| Medi Assist Healthcare Services Limited IPO DHRP:- | Click Here |
| Medi Assist Healthcare Services Limited IPO RHP:- | Click Here |
GMP :-
| GMP Date | GMP | Estimated Listing Price | Estimated Listing Gain |
|---|---|---|---|
| 15-01-2024 | ₹33 | ₹451 | 7.89% |
| 16-01-2024 | ₹44 | ₹462 | 10.53% |
| 17-01-2024 | ₹27 | ₹445 | 6.46% |
| 18-01-2024 | ₹29 | ₹447 | 6.94% |
| 19-01-2024 | ₹35 | ₹453 | 8.37% |
| 20-01-2024 | ₹39 | ₹457 | 9.33% |
| 21-01-2024 | ₹39 | ₹457 | 9.33% |
| 22-01-2024 | ₹34 | ₹452 | 8.13% |
| 23-01-2024 | ₹34 | ₹452 | 8.13% |
Subscription Details :-
| Date | QIB | NII | Retail | Employee | Other | Total |
|---|---|---|---|---|---|---|
| January 15, 2024 | 0.00 | 0.45 | 0.91 | 0.45 | 0.45 | 0.55 |
| January 16, 2024 | 0.01 | 1.61 | 1.72 | 1.61 | 1.61 | 1.21 |
| January 17, 2024 | 40.14 | 14.85 | 3.19 | 14.85 | 14.85 | 16.25 |
Listing Details :-
| Particulars | Value |
|---|---|
| Listing Date:- | January 23, 2024 |
| BSE Script Code:- | 544088 |
| NSE Symbol :- | MEDIASSIST |
| ISIN:- | INE456Z01021 |
| Final Issue Price:- | ₹418.00 |
| Open:- | ₹465.00 |
| Low:- | ₹446.00 |
| High:- | ₹509.60 |
| Close:- | ₹464.25 |
Medi Assist Healthcare Services Limited IPO FAQ :-
What is the opening date for Medi Assist Healthcare Services Limited IPO?
The Medi Assist Healthcare Services Limited IPO opens on January 15, 2024.
What is the closing date for Medi Assist Healthcare Services Limited IPO?
The Medi Assist Healthcare Services Limited IPO closes on January 17, 2024.
When will the shares be allotted for Medi Assist Healthcare Services Limited IPO?
Shares of Medi Assist Healthcare Services Limited IPO will be allotted on January 18, 2024.
What is the listing date for Medi Assist Healthcare Services Limited IPO?
The listing date for Medi Assist Healthcare Services Limited IPO is January 23, 2024.
What is the price/ price range for Medi Assist Healthcare Services Limited IPO?
The price/ price range for Medi Assist Healthcare Services Limited IPO is ₹397 to ₹418.
What is the minimum lot size for the Medi Assist Healthcare Services Limited IPO?
The minimum lot size for Medi Assist Healthcare Services Limited IPO is 35 shares.
What is the minimum investment required for retail investors in the Medi Assist Healthcare Services Limited IPO?
The minimum investment required for retail investors in the Medi Assist Healthcare Services Limited IPO is ₹14,630.
What type of IPO is the Medi Assist Healthcare Services Limited IPO?
The type of Medi Assist Healthcare Services Limited IPO is Mainline.
What is the total issue size of the Medi Assist Healthcare Services Limited IPO?
The total issue size of Medi Assist Healthcare Services Limited IPO is ₹1,171.58 Crore.
How many shares are being offered in the Medi Assist Healthcare Services Limited IPO?
Total 2,80,28,168 shares are being offered in the Medi Assist Healthcare Services Limited IPO.
What is the face value of Medi Assist Healthcare Services Limited IPO share?
The face value of Medi Assist Healthcare Services Limited IPO share is ₹5.
What is the market capitalization of the Medi Assist Healthcare Services Limited IPO?
The market capitalization of the Medi Assist Healthcare Services Limited IPO is ₹2878.32 Crore.
Who is the registrar for the Medi Assist Healthcare Services Limited IPO?
The registrar for the Medi Assist Healthcare Services Limited IPO is .
Where can I check the IPO Allotment status for Medi Assist Healthcare Services Limited IPO?
You can check the IPO Allotment status for Medi Assist Healthcare Services Limited IPO at .
What is the email address and website of Medi Assist Healthcare Services Limited IPO?
The email address of Medi Assist Healthcare Services Limited IPO is investor.relations@mediassist.in and website is https://mediassist.in/.
What is the Medi Assist Healthcare Services Limited IPO GMP (Grey Market Premium) as of 23-01-2024?
The latest GMP for Medi Assist Healthcare Services Limited IPO is ₹34 as of 23-01-2024.