Medi Assist Healthcare Services Limited
Book Built Issue IPO · NSE, BSE
- Price band
- ₹397 - ₹418
- Lot size
- 35 shares
- Issue amount
- ₹1,171.58 cr
- Total subscription
- 16.25×
- Opens
- 15 Jan 2024
- Closes
- 17 Jan 2024
- Allotment
- 18 Jan 2024
- Listing
- 23 Jan 2024
Offer at a glance
Issue overview
- Issue size
- 2,80,28,168 shares
- Face value
- ₹5 Per Equity Share
- Minimum investment
- ₹13,895
- Fresh issue
- ₹0 cr
- Offer for sale
- ₹1,171.58 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,630
- Issue type
- Book Built Issue IPO
- Shares before issue
- 6,88,59,212
- Shares after issue
- 6,88,59,212
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 35 | ₹14,630 |
| sHNI | 14 | 490 | ₹2,04,820 |
| bHNI | 69 | 2,415 | ₹10,09,470 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 234.32 | 9,404.74 |
| RETAIL | 410.05 | 1,309.92 |
| HNIs 2+ | 58.58 | 592.98 |
| HNIs 10+ | 117.16 | 2,017.13 |
Financial performance
Company financials
in ₹ Crore · Reported periods may include interim results.
Key performance indicators
| Metric | Values |
|---|---|
| EPS | 0 |
| ROE | 0 |
| ROCE | 24.95 |
| RONW | 19.63 |
| PRE IPO(PE) | 0 |
| POST IPO(PE) | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Incorporated in June 2002, Medi Assist Healthcare Services Limited is a health-tech and insurance-tech company specializing in managing health benefits for employers, retail members, and public health schemes, primarily serving insurance companies. The company facilitates medical insurance and cashless hospitalization through a vast network of healthcare service providers while acting as a mediator between insurance companies, insured members, healthcare providers, and government health schemes. As of March 31, 2023, Medi Assist collaborated with 36 insurance companies in India and globally, maintaining a healthcare network of over 14,000 hospitals across 967 cities and towns in 32 states and union territories. The company generated ₹494.68 million, ₹579.84 million, and ₹570.29 million in revenue from its retail portfolio in FY 2021, 2022, and 2023, respectively, accounting for 15.33%, 14.72%, and 11.29% of total customer contract revenue. In FY 2023, the company processed 5.27 million claims, including 2.44 million in-patient and 2.83 million out-patient claims.
Promoters
Dr Vikram Jit Singh Chhatwal
Medimatter Health Management Private Limited
Bessemer India Capital Holding II Ltd
Registrar & documents
Lead manager
Axis Capital Limited, IIFL Capital Services Limited, Nuvama Wealth Management Limited, SBI Capital Markets Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Tower D, 4th floor, IBC Knowledge Park 4/1 Bannerghatta Road Bengaluru 560 029
(+91 80) 6919 0000
[email protected]Company website ↗Understanding MEDIASSIST IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.