Medi Assist Healthcare IPO GMP, Price, Date, Allotment

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Medi Assist Healthcare IPO GMP

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.

Medi Assist Healthcare Services IPO

Promoters of Medi Assist Healthcare Services – Dr. Vikram Jit Singh Chhatwal, Medimatter Health Management Private Limited, and Bessemer India Capital Holdings II Ltd.


Medi Assist Healthcare IPO Details

Medi Assist Healthcare IPO Dates15 – 17 January 2024
Medi Assist Healthcare IPO PriceINR 397 – 418 per share
Fresh issueNIL
Offer For Sale28,028,168 shares (INR 1,112.72 – 1,171.58 crore)
Total IPO size28,028,168 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 Allocation35%
Listing OnBSE, NSE

Medi Assist Healthcare Services Financial Performance

 FY 2021FY 2022FY 2023H1 FY 2024
Revenue322.74393.81504.93301.96
Expenses284.53333.95415.35260.62
Net income26.2764.2274.0422.49
Margin (%)8.1416.3114.667.45
Figures in INR Crores unless specified otherwise

Medi Assist Healthcare Services Offer News


Medi Assist Healthcare Services Valuations & Margins

FY 2021FY 2022FY 2023
EPS5.629.1410.83
PE ratio36.66 – 38.60
RONW (%)12.9918.7119.63
NAV42.4849.2755.72
ROCE (%)20.4322.0224.95
EBITDA (%)28.4827.1925.70
Debt/Equity
*Compiled by IPO Central from Prospectus

Medi Assist Healthcare IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
22 January 202435
20 January 202432
19 January 202430
18 January 202430
17 January 202440
16 January 202435
15 January 202440
13 January 202455
12 January 202464
11 January 202480
10 January 202480

Medi Assist Healthcare IPO Subscription – Live Updates

CategoryQIBNIIRetailTotal
Shares Offered5,605,6344,204,2269,809,85919,619,719
17 Jan 202440.1414.853.1916.25
16 Jan 20240.001.001.030.73
15 Jan 20240.000.320.680.41

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 Date15 January 2024
Medi Assist Healthcare IPO Closing Date17 January 2024
Finalization of Basis of Allotment18 January 2024
Initiation of refunds19 January 2024
Transfer of shares to demat accounts19 January 2024
Medi Assist Healthcare IPO Listing Date23 January 2024
Opening Price on NSEINR 460 per share (up 10.05%)
Closing Price on NSEINR 464.10 per share (up 11.03%)

Medi Assist IPO Reviews – Subscribe or Avoid?

Angel One –
Anand Rathi –
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Asit C Mehta –
BP Wealth – Subscribe
Capital Market – Neutral
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Elite Wealth – Aggressive investors may apply
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Hem Securities – Subscribe for long-term
ICICIdirect –
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Jainam Broking Subscribe For Listing Gains
DR Choksey –
LKP Research –
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Motilal Oswal –
Nirmal Bang –
Reliance Securities –
Religare Broking –
SBICAP Securities – Not Rated
Samco Securities – Subscribe
SMC Global –
Swastika Investmart – Neutral
Ventura Securities – Subscribe


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[email protected]
Website: 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: (+91) 810 811 4949
Email: [email protected]
Website: 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: (+91 80) 6919 0000
Email: [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.

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