IPO Details
RHP/DRHPIssue 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%
IPO Timeline
Medi Assist Healthcare Services IPO Review | Insurance Sector | Issue details, strategies and more
Kotak Securities
•3m 30s
Medi Assist Healthcare Company Background
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:
Competitive Strengths
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.
Risk Factors
- 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.
Key Strategies
- Maintain a leadership position among group accounts.
- Continue pursuing inorganic growth opportunities.
- Increase their share in the retail segment.
Medi Assist Healthcare Key financials
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
How to apply for an IPO using UPI
Kotak Securities
•01m 19 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.
How To Apply for Medi Assist Healthcare Services Ltd 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 FAQs
When is Medi Assist Healthcare Services Ltd IPO listing date?
Medi Assist Healthcare Services Ltd IPO will list on 2024-01-23.
What is the issue size of Medi Assist Healthcare Services Ltd IPO?
1171.58 is the issue size of Medi Assist Healthcare Services Ltd IPO.
What is the minimum lot size required for Medi Assist Healthcare Services Ltd IPO?
The minimum lot size is 35 shares and the investment required is ₹14630.
What is the price band of the Medi Assist Healthcare Services Ltd IPO?
The price band of Medi Assist Healthcare Services Ltd IPO is ₹397 to ₹418.
Where can I read more about Medi Assist Healthcare Services Ltd business?
You can read more about Medi Assist Healthcare Services Ltd and its IPO from the company’s red herring prospectus (RHP) here.
What is the Medi Assist Healthcare Services Limited IPO?
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.
Who is the Registrar for Medi Assist Healthcare Services Limited IPO?
Link Intime India Private Limited is the registrar for this IPO.
Where can I read more about Medi Assist Healthcare Services Limited’s business?
You may read more about Medi Assist Healthcare Services Limited and its IPO from the company’s red herring prospectus (RHP) here:
