Last updated on February 29, 2024
Medi Assist Healthcare IPO Description – Medi Assist Healthcare Services, India’s largest health benefits administrator, primarily serves insurance companies. Yet, it functions as an intermediary linking (a) the insured with general and health insurance firms, (b) healthcare providers like hospitals with insurance companies, and (c) the Government with beneficiaries of public health schemes.
As of the conclusion of FY 2023, Medi Assist effectively managed health insurance premiums totaling INR 14,574.65 crore, encompassing both group and retail policies. This marked a substantial growth, manifesting as a CAGR of 35.67% from its FY 2021 closing figure of INR 7,918.49 crore. Notably, as of 31 March 2023, the company collaborates with 36 insurance entities, spanning both the Indian and global insurance landscape.
The company is India’s largest health benefits administrator, managing premiums for retail and group schemes. Serving over 9,500 group accounts across sectors, its core mission is to efficiently handle the insurance needs of employees.
Over time, Medi Assist has forged an extensive healthcare provider network spanning the entirety of India. This network encompasses 14,301 hospitals spread across 967 cities and towns, spanning 32 states and union territories, as of 31 March 2023. Throughout FY 2023, the company facilitated the settlement of 5.27 million claims, delineated into 2.44 million in-patient claims and 2.83 million domiciliary or outpatient claims.
Promoters of Medi Assist Healthcare Services – Dr. Vikram Jit Singh Chhatwal, Medimatter Health Management Private Limited, and Bessemer India Capital Holdings II Ltd.
Table of Contents
Medi Assist Healthcare IPO Details
| Medi Assist Healthcare IPO Dates | 15 – 17 January 2024 |
| Medi Assist Healthcare IPO Price | INR 397 – 418 per share |
| Fresh issue | NIL |
| Offer For Sale | 28,028,168 shares (INR 1,112.72 – 1,171.58 crore) |
| Total IPO size | 28,028,168 shares (INR 1,112.72 – 1,171.58 crore) |
| Minimum bid (lot size) | 35 shares (INR 14,630) |
| Face Value | INR 5 per share |
| Retail Allocation | 35% |
| Listing On | BSE, NSE |
Medi Assist Healthcare Services Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 |
| Revenue | 322.74 | 393.81 | 504.93 | 301.96 |
| Expenses | 284.53 | 333.95 | 415.35 | 260.62 |
| Net income | 26.27 | 64.22 | 74.04 | 22.49 |
| Margin (%) | 8.14 | 16.31 | 14.66 | 7.45 |
Medi Assist Healthcare Services Offer News
- Medi Assist IPO Review: Good for Portfolio Health?
- Medi Assist Healthcare RHP
- Medi Assist Healthcare DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Medi Assist Healthcare Services Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 5.62 | 9.14 | 10.83 |
| PE ratio | – | – | 36.66 – 38.60 |
| RONW (%) | 12.99 | 18.71 | 19.63 |
| NAV | 42.48 | 49.27 | 55.72 |
| ROCE (%) | 20.43 | 22.02 | 24.95 |
| EBITDA (%) | 28.48 | 27.19 | 25.70 |
| Debt/Equity | – | – | – |
Medi Assist Healthcare IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 22 January 2024 | 35 | – | – |
| 20 January 2024 | 32 | – | – |
| 19 January 2024 | 30 | – | – |
| 18 January 2024 | 30 | – | – |
| 17 January 2024 | 40 | – | – |
| 16 January 2024 | 35 | – | – |
| 15 January 2024 | 40 | – | – |
| 13 January 2024 | 55 | – | – |
| 12 January 2024 | 64 | – | – |
| 11 January 2024 | 80 | – | – |
| 10 January 2024 | 80 | – | – |
Medi Assist Healthcare IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 5,605,634 | 4,204,226 | 9,809,859 | 19,619,719 |
| 17 Jan 2024 | 40.14 | 14.85 | 3.19 | 16.25 |
| 16 Jan 2024 | 0.00 | 1.00 | 1.03 | 0.73 |
| 15 Jan 2024 | 0.00 | 0.32 | 0.68 | 0.41 |
Medi Assist IPO Allotment Status
Medi Assist IPO allotment status is now available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Medi Assist Healthcare IPO Dates & Listing Performance
| Medi Assist Healthcare IPO Opening Date | 15 January 2024 |
| Medi Assist Healthcare IPO Closing Date | 17 January 2024 |
| Finalization of Basis of Allotment | 18 January 2024 |
| Initiation of refunds | 19 January 2024 |
| Transfer of shares to demat accounts | 19 January 2024 |
| Medi Assist Healthcare IPO Listing Date | 23 January 2024 |
| Opening Price on NSE | INR 460 per share (up 10.05%) |
| Closing Price on NSE | INR 464.10 per share (up 11.03%) |
Medi Assist IPO Reviews – Subscribe or Avoid?
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Medi Assist Healthcare Services IPO Lead Manager
SBI CAPITAL MARKETS LIMITED
1501, 15th floor, A&B Wing
Parinee Crescenzo, G Block, Bandra Kurla Complex,
Bandra (East), Mumbai – 400 051, Maharashtra
Phone: +91 22 4006 9807
Email:Â [email protected]
Website:Â www.sbicaps.com
Medi Assist Healthcare Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â (+91) 810 811 4949
Email:Â [email protected]
Website:Â www.linkintime.co.in
Medi Assist Healthcare Contact Details
MEDI ASSIST HEALTHCARE SERVICES LIMITED
Tower D, 4th floor, IBC Knowledge Park,
4/1 Bannerghatta Road, Bengaluru 560 029, Karnataka
Phone:Â (+91 80) 6919 0000
Email:Â [email protected]
Website: www.mediassist.in
Medi Assist IPO FAQs
How many shares in Medi Assist IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in Medi Assist Healthcare Public Offer?
The best way to apply in Medi Assist Healthcare public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Medi Assist Healthcare IPO GMP today?
Medi Assist Healthcare IPO GMP today is INR 35 per share.
What is Medi Assist Healthcare kostak rate today?
Medi Assist Healthcare kostak rate today is INR NA per application.
What is Medi Assist Healthcare Subject to Sauda rate today?
Medi Assist Healthcare Subject to Sauda rate today is INR NA per application.
