Medi Assist Healthcare IPO Details
| IPO Size | 1,172 |
| Price Range | ₹397 to ₹418 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE and BSE |
| Minimum Quantity | 35 |
| Investment (cut-off price) | ₹14,630 |
| Pre IPO Promotor Holding | 67.55% |
| Post IPO Promotor Holding | 45.75% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Medi Assist Healthcare IPO Timelines
15/01/2024
Start Date17/01/2024
End Date19/01/2024
Refund Initiation19/01/2024
Credit of Shares to Demat Ac23/01/2024
Listing DateMedi Assist Healthcare IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 35 | ₹14,630 |
| Retail Maximum | 13 | 455 | ₹190,190 |
| S-HNI Minimum | 14 | 490 | ₹204,820 |
| B-HNI Minimum | 69 | 2415 | ₹1,009,470 |
Medi Assist Healthcare IPO Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 40.14 x | 14.85 x | 3.19 x | -- | 16.25 x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹460 | ₹464.10 | ₹518 | ₹445 |
Medi Assist Healthcare IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2021 | ₹345.57 | ₹284.53 | ₹26.27 |
| FY 2022 | ₹412.02 | ₹333.94 | ₹64.22 |
| FY 2023 | ₹518.95 | ₹415.35 | ₹74.04 |
| FY 2024 (6M) | ₹312.03 | ₹260.62 | ₹22.49 |
About Company
Medi Assist Healthcare Services Limited is a health-tech & insurance-tech company offering third-party administration (TPA) services to insurance companies. Through its wholly-owned subsidiaries, Medi Assist TPA, Medvantage TPA (effective February 13, 2023), and Raksha TPA (effective August 25, 2023), the company processes health insurance claims and provides various services such as policy administration and customer service.
The company has a total of nine subsidiaries, comprising four direct subsidiaries and five indirect subsidiaries. Aside from managing third-party administration, the company also supports a range of healthcare and related services. These encompass hospitalization, call center assistance, customer relations, contract management, billing, and claims processing.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2000 | Other | Dr. Vikram Chhatwal |
Know Before Investing
Medi Assist Healthcare IPO Strengths
- The company is the Largest Health Benefits Administrator in India.
- It has Scalable Technology-Enabled Infrastructure that looks after the Needs of All Constituents of the Health Insurance Ecosystem.
- The company is cost-efficient.
- Offers a comprehensive experience for claim settlement to insurance companies as well as insured individuals.
- The company enjoys a long-standing relationship with insurance providers.
- It also has a Diversified base of Group Accounts with Longstanding Relationships.
- PAN-India presence is also a big plus.
- The company has a demonstrated history of integrating acquisitions with its business and consolidating its position in the health insurance industry.
Medi Assist Healthcare IPO Risks
- The company is significantly dependent on group accounts in certain industries.
- It is also dependent on a few major clients for revenue.
- The revenues and profitability are based on premiums under management, which may decline.
- The business relies on the continued demand for benefits administration services by insurance companies, corporates and the Central and State Governments.
- It also provides services under government-sponsored insurance schemes and thus is exposed to risks associated with program funding, enrollments and delayed payments.
- Reported negative cash flows in the past.
- The company faces intense competition.
Swot Analysis for Medi Assist Healthcare IPO
Strengths
Weaknesses
Opportunities
Threats
Contact Details of IXIGO
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/initial_offer/public-issues.html
Company Details
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/
IPO Registar Details
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/initial_offer/public-issues.html
FAQs
The key objectives of Medi Assist Healthcare IPO are:
- The object of the Offer is to achieve the benefits of listing the Equity Shares on the Stock Exchanges. The company expects that listing the Equity Shares will enhance its visibility and brand and provide liquidity to its existing Shareholders. The 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.