Medi Assist Healthcare Services Ltd. IPO
Medi Assist Healthcare Services Ltd.
IPO Listing Details
Listed On
BSE & NSE
Listed On
Issue Price
₹418
Issue Price
Listing Price
₹465
Listing Price
Listing Gains
+₹47.00 (+11.24%)
Listing Gains
IPO Details
Bidding Dates
15 Jan - 17 Jan '24
Bidding Dates
Min. Investment
₹13,895
Min. Investment
Lot Size
35.00
Lot Size
Price Range
₹397 - ₹418
Price Range
Issue Size
1,113 Cr
Issue Size
Subscription Rate
- Retail Individual Investor3.19x
- Non-Institutional Investor14.85x
- Qualified Institutional Buyers40.14x
- Employees
About Company
Founded in June 2002, Medi Assist Healthcare Services Limited is a health-tech and insurance-tech business that specialises in supporting insurance companies by managing health benefits for retail members, employers, and public health initiatives.
Through a network of medical service providers, Medi Assist provides cashless hospitalisation and medical insurance. But the business also serves as a go-between for general and health insurance companies and their insured members, insurance companies and hospitals and other healthcare providers, and the government and those who benefit from public health programs. As of March 31, 2023, Medi Assist Healthcare had partnerships with 36 insurance firms both domestically and abroad.
Important Dates - Medi Assist Healthcare IPO
| Application opens on | 15th January 2024 |
| Last date of application | 17th January 2024 |
| Date of Allotment | 18th January 2024 |
| Refund begins from | 19th January 2024 |
| Credit of shares to Demat | 19th January 2024 |
| Listing date | 22nd January 2024 |
Why should you invest in Medi Assist Healthcare Services Ltd. IPO?
As more healthcare contracts are signed, the company—which is a unique participant in the third-party administration market inside the insurance industry—is expanding its reach. Once all of the recent acquisition settlements are in place, the company will resume its current course. After listing, this business will get the public's interest in being the pioneer in the field. Investors can put money aside for this emerging industry's medium- to long-term returns.
Medi Assist Healthcare IPO Grey Market Premium
| Date | GMP |
|---|---|
| 12th January | Rs.64 |
| 11th January | Rs.81 |
Medi Assist Healthcare IPO Noteworthy Highlights
- The goal of the Offer is to obtain the advantages of the Equity Shares' Stock Exchange listing. The company anticipates that by listing the equity shares, it would improve its reputation and visibility and give its current shareholders access to liquidity.
- There will be no earnings from the Offer for the corporation. In proportion to the equity shares they offered in the offer for sale, the Selling Shareholders shall receive all offer proceeds.
Medi Assist Healthcare Services Ltd. IPO - SWOT Analysis
Strengths
- India's Largest Health Benefits Administrator
- Long-Term Partnerships with the Majority of Insurance Companies Scalable
- Technology-Enabled Infrastructure Meeting the Needs of All Ecosystem Members
Weaknesses
The company's future earnings are heavily contingent on effectively managing premium growth, highlighting a critical revenue dependency. Simultaneously, there exists a notable risk to brand reputation due to the organisation's reliance on technology, emphasising the need for strategic measures to mitigate potential technological vulnerabilities. Balancing these challenges will be pivotal for ensuring the company's sustained financial success and brand resilience in the market.
Opportunities
- A diversified group account base with established connections
- Appealing Agreements featuring a pan-India Healthcare Provider Network
- Ability to integrate acquisitions
- Seasoned management group and premium shareholders
Threats
Client loss could significantly impede business operations and future prospects, emphasizing the need for robust retention strategies. Additionally, the company faces a substantial risk in regulatory compliance, particularly with IRDAI standards, requiring proactive measures to align practices and ensure long-term stability.
Financial Snapshot - Medi Assist Healthcare IPO
Check out the financial performance of Medi Assist Healthcare for recent years:
| Financial Year | Total Assets | Total Revenues | Net Profit |
|---|---|---|---|
| March 2021 | Rs 543.30 crore | Rs 345.57 crore | Rs 26.27 crore |
| March 2022 | Rs 602.23 crore | Rs 412.02 crore | Rs 64.22 crore |
| March 2023 | Rs 802.62 crore | Rs 312.03 crore | Rs 22.49 crore |
How to apply for Medi Assist Healthcare Services Ltd. IPO?
You can apply for the Medi Assist Healthcare Services Ltd. IPO in these ways:
UPI
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.
Demat Account
1. If you are an Existing TradeSmart demat account holder and wish to apply for an Medi Assist Healthcare Services Ltd. click here.
2. If you don't have a TradeSmart Account? Sign up.
