Established in the year 2000, Medi Assist Healthcare Services Ltd offers third-party administration services to insurance companies via its wholly-owned subsidiaries, namely Medi Assist TPA, Medvantage TPA, and Raksha TPA. A third-party administrator is an entity responsible for handling health insurance claims on behalf of insurance companies, offering services such as policy administration, customer support, and network management, among others. In addition to these core services, Medi Assist also facilitates various healthcare and ancillary services, including hospitalization services, call center services, customer relations, contract management, billing services, and claims processing services through the company and its other subsidiaries.
IPO Details
| Offer Period | 15th Jan 2024 – 17th Jan 2024 |
| Issue Details | Offer for Sale of 28,028,168 Equity Shares |
| Issue Size ₹ | ₹ 1,113 – 1,172 Cr |
| Price Band | ₹ 397 – 418 |
| Minimum Investment for Retail Cat. | ₹14,630 |
| Face Value | ₹5 per share |
| Issue Type | Book Built Issue IPO |
| Lot Size | 35 Shares and in multiple thereof |
| Registrar | Link Intime India Pvt Ltd |
| Listing on | BSE & NSE |
| Basis of Allotment | Thursday, January 18, 2024 |
| Initiation of Refund | Friday, January 19, 2024 |
| Share Credit in Demat Account | Friday, January 19, 2024 |
| Listing Date | Monday, January 23, 2024 |
The revenue generated by the retail portfolio for the financial years 2021, 2022, and 2023 was ₹494.68 million, ₹579.84 million, and ₹570.29 million, respectively
GMP of Medi Assist Healthcare Services Ltd
| GMP 10th Jan24 | ₹80 |
| GMP 12th Jan24 | ₹54 |
| GMP 14th Jan24 | ₹30 |
| GMP 15th Jan24 | ₹30 |
| GMP 16th Jan24 | ₹30 |
| GMP 17th Jan24 | ₹30 |
| Actual Listing Price 23rd Jan24 | ₹ |
