IPO Details

RHP/DRHP

Issue Date

15 Jan - 17 Jan'24

Investment/lot

₹ 14630

Price Range

397 - 418

Lot Size

35

IPO Size

₹ 1171.58 Cr

IPO Listing Details

Listing On

22 Jan'24

Issue Price

418

Listed Price

₹ 460

Retail Gain/Listing Gain

10.05%

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

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All you need to know about Medi Assist Healthcare IPO
Tune in to know more about the company, IPO issue details, future strategies, important financial details, its presence and reach, product/service portfolio, and much more with Kinjal Parekh!

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

The company’s market-leading position as a third party administrator in India enhances its ability to benefit from the prospects of the health insurance industry, enhances its profitability and strengthens its value proposition due to increasing economies of scale, ability to invest in cutting edge technology and better scale for negotiating with healthcare provider networks.

Attractive contracts with a pan-India healthcare provider network

The company has developed a pan-India healthcare provider network, which, as of September 30, 2023, comprises 18,754 hospitals across 1,069 cities and towns and 31 states (including union territories) in India.

Diversified base of group accounts with longstanding relationships

The company has a diversified base of corporates whose health insurance requirements they service, and have established longstanding relationships with them. The company serviced over 9,500 group accounts with premium under management of Rs. 128,178.66 million for FY23. Premium managed for group accounts has grown at a CAGR of 37.08% between FY21 and FY23.
  • The company is dependent on five large clients for majority revenue.
  • The business is significantly dependent on group accounts in certain industries.
  • A significant portion of the revenue from contracts with customers are from subsidiaries.
  • Maintain a leadership position among group accounts.
  • Continue pursuing inorganic growth opportunities.
  • Increase their share in the retail segment.

Here are the key financials for Medi Assist Healthcare Services Limited:

Particulars (in Rs. Millions)

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How to apply for IPO through ASBA

Kotak Securities

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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.

Top Medi Assist Healthcare Services Ltd IPO IPO FAQs

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 IPO.

The minimum lot size is 35 shares and the investment required is ₹14630.

The price band of Medi Assist Healthcare Services Ltd IPO IPO is ₹397 to ₹418.

You can read more about Medi Assist Healthcare Services Ltd IPO 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:

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