Medi Assist Healthcare Services Limited IPO bidding starts from January 15, 2024 and ends on January 17, 2024. The allotment for the Medi Assist Healthcare Services Limited IPO is expected to be finalized on January 18, 2024. Medi Assist Healthcare Services Limited IPO will list on BSE, NSE with tentative listing date fixed as January 23, 2024. Medi Assist Healthcare Services Limited IPO price band is set at ₹397 to ₹418 per share. The minimum lot size for an application is 35 Shares. The minimum amount of investment required by retail investors is ₹14,630.

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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/

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