What is the issue size of Medi Assist Healthcare Services IPO?

The issue size of the Medi Assist Healthcare Services IPO is Rs 1,171.58 cr.

What is 'pre-apply' for Medi Assist Healthcare Services IPO?

Pre-apply will alow you to apply for the Medi Assist Healthcare Services IPO 2 days before the subscription period starts.

If I pre-apply for Medi Assist Healthcare Services IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Medi Assist Healthcare Services IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Medi Assist Healthcare Services IPO order is placed?

We will notify you when your Medi Assist Healthcare Services IPO order is placed with the exchange.

What are the open and close dates of the for Medi Assist Healthcare Services IPO?

Medi Assist Healthcare Services IPO will be open between 15 Jan - 17 Jan, 2024.

What is the lot size and minimum order quantity of the Medi Assist Healthcare Services IPO?

Medi Assist Healthcare Services IPO lot size is 35 shares.

What are the allotment dates for the Medi Assist Healthcare Services IPO?

Medi Assist Healthcare Services IPO allotment date is 18 Jan, 2024. For Medi Assist Healthcare Services IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Medi Assist Healthcare Services IPO?

Medi Assist Healthcare Services IPO registrar is Link Intime India Private Ltd. You can check Medi Assist Healthcare Services IPO allotment status on the website of the registrar.

Where is the Medi Assist Healthcare Services IPO getting listed?

The shares are proposed to be listed on BSE and NSE.

Medi Assist Healthcare Services IPO

Medi Assist Healthcare Services Limited

₹13,895 /35 sharesMinimum Investment

Medi Assist Healthcare Services  IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
--₹418.00₹460.00₹42.00 (10.05%)
Medi Assist Healthcare Services  IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
15 Jan ‘24 - 17 Jan ‘24₹13,89535₹397 - ₹418
Issue SizeIPO Doc
1171.58CrRHP PDF
Subscription rate
Qualified Institutional Buyers40.14x
Non-Institutional Investor14.85x
Retail Individual Investor3.19x
Total16.24x
About the company
Medi Assist Healthcare Services Limited is a health-tech & insurance-tech company offering third-party administration (TPA) services to insurance companies. Through its wholly-owned subsidiaries, Medi Assist TPA, Medvantage TPA (effective February 13, 2023), and Raksha TPA (effective August 25, 2023), the company processes health insurance claims and provides various services such as policy administration and customer service. The company has a total of nine subsidiaries, comprising four direct subsidiaries and five indirect subsidiaries.
Aside from managing third-party administration, the company also supports a range of healthcare and related services. These encompass hospitalization, call center assistance, customer relations, contract management, billing, and claims processing. Furthermore, the company serves as an intermediary among general and health insurance companies and their policyholders, insurance companies and healthcare providers (like hospitals), and the government and beneficiaries participating in public health schemes.;Founded in
2012
Managing director
Dr. Vikram Jit Singh Chhatwal
Parent organisation
Medi Assist Healthcare Services Limited
Medi Assist Healthcare Services Limited IPO
https://www.youtube.com/watch?v=5WV-zaCcWQ0
Strength and risksStrengths
Risks
The company has a pan-India healthcare provider network, comprising 18,754 hospitals across 1,069 cities and towns in 31 states (including union territories) as of September 30, 2023.
The company has served over 9,500 group accounts across sectors, as of March 31, 2023. Medi Assist TPA and Medvantage TPA collectively managed approximately Rs. 128.18 billion in group health insurance premiums. This represents 27.61% of India's overall group health insurance market.
Medi Assist provides comprehensive healthcare solutions encompassing an extensive in-patient and out-patient network and on-demand health services. 
The company adopts a tech-driven approach apart from focusing on fraud management, waste and abuse management. This enables it to partner with insurance providers.
The company has a record of actively seeking acquisitions to strengthen its market position and integrate the acquired businesses to realize cost synergies. 
Medi Assist has maintained a long-standing relationship with its client base. As of September 30, 2023 the average term of the company’s relationship with its four PSU clients was 20 years and with non-PSU sector insurance companies it had maintained an average term of nine years.
The company has a diverse corporate client base whose health insurance requirements it services. As of Sep 2023, it had serviced 78% of the Nifty 50 companies and 35% of the BSE 500 companies.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹397 - 418₹2 Lakh
High Networth Individual₹397 - 418₹2 - 5 Lakh
For Medi Assist Healthcare Services IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
--	₹418.00	₹460.00	₹42.00 (10.05%)

Bidding Dates	Min. Investment	Lot Size	Price Range
15 Jan ‘24 - 17 Jan ‘24	₹13,895	35	₹397 - ₹418

Issue Size	IPO Doc
1171.58Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹397 - 418	₹2 Lakh
High Networth Individual	₹397 - 418	₹2 - 5 Lakh

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Qualified Institutional Buyers	40.14x
Non-Institutional Investor	14.85x
Retail Individual Investor	3.19x
Total	16.24x