Issue Date
15 Jan - 17 Jan'24
Investment/lot
₹ 14630
Price Range
397 - 418
Lot Size
35
IPO Size
₹ 1171.58 Cr
Listing On
22 Jan'24
Issue Price
418
Listed Price
₹ 460
Retail Gain/Listing Gain
▲10.05%
Medi Assist Healthcare Services Limited provides third-party administration services to insurance companies through their wholly-owned subsidiaries.
The company essentially processes health insurance claims for insurance companies and provides services such as policy administration, customer service and network management, among others. As a third party administrator, it acts as a facilitator between insurance companies and their policy holders, insurance companies and healthcare providers (such as hospitals), and the Government and beneficiaries of public health schemes.
Let's take a look at the competitive strengths and risk factors for Medi Assist Healthcare Services Limited:
Well established third party administrator in India
Attractive contracts with a pan-India healthcare provider network
Diversified base of group accounts with longstanding relationships
Here are the key financials for Medi Assist Healthcare Services Limited:
Particulars (in Rs. Millions)
Particulars (in Rs. Millions)
How to apply for IPO through ASBA
Kotak Securities
•00m 59 s
Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.
Here are the steps to apply for Jyoti CNC Automation Ltd:
Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
Medi Assist Healthcare Services Ltd IPO will list on 2024-01-23.
1171.58 is the issue size of Medi Assist Healthcare Services Ltd IPO.
The minimum lot size is 35 shares and the investment required is ₹14630.
The price band of Medi Assist Healthcare Services Ltd IPO is ₹397 to ₹418.
You can read more about Medi Assist Healthcare Services Ltd and its IPO from the company’s red herring prospectus (RHP) here.
The Medi Assist Healthcare Services Limited IPO has an issue size of Rs. 1,171.58 crores. The IPO opens for subscription on 15th January 2024 and closes on 17th January 2024.
Link Intime India Private Limited is the registrar for this IPO.
You may read more about Medi Assist Healthcare Services Limited and its IPO from the company’s red herring prospectus (RHP) here: