Medi Assist Healthcare Services Ltd. IPO

Medi Assist Healthcare Services Ltd.

IPO Listing Details

Listed On


Listed On

Issue Price


Issue Price

Listing Price


Listing Price

Listing Gains

+₹47.00 (+11.24%)

Listing Gains

IPO Details

Bidding Dates

15 Jan - 17 Jan '24

Bidding Dates

Min. Investment


Min. Investment

Lot Size


Lot Size

Price Range

₹397 - ₹418

Price Range

Issue Size

1,113 Cr

Issue Size

Subscription Rate

  • Retail Individual Investor
  • Non-Institutional Investor
  • Qualified Institutional Buyers
  • 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


  • 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



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.



  • 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



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:

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

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Medi Assist Healthcare Services Ltd. IPO FAQs

What are the opening and closing dates for the Medi Assist Healthcare IPO?

Medi Assist Healthcare IPO will open for subscription on January 15 and close on January 17.

What is the price band for Medi Assist Healthcare IPO?

The price band for Medi Assist Healthcare IPO is ₹397 to ₹418 per share.

Who is taking part in the OFS?

In the OFS, promoter Vikram Jit Singh Chhatwal and promoter group entities Medimatter Health Management and Bessemer Health Capital will offload part of their stakes.

What is the minimum and maximum lot size for the Medi Assist Healthcare IPO?

The minimum application size is  35 shares and the maximum investment by them is 455 shares.

What will be the promoter shareholding in Medi Assist Healthcare after the IPO?

The promoter shareholding in Medi Assist Healthcare after the IPO will reduce from 67.55% to 45.75%.

Who are Medi Assist Healthcare IPO Lead Managers?

Axis Capital, IIFL Securities, Nuvama Wealth Management, and SBI Capital Markets are the book-running lead managers of the Medi Assist Healthcare IPO.

Who is the registrar of the issue?

Link Intime India is the registrar for Medi Assist Healthcare IPO.

When will the Medi Assist Healthcare IPO allotment take place?

The finalisation of the basis of allotment for Medi Assist Healthcare IPO will be done on January 18, and the allotted shares will be credited to investors’ demat accounts by January 19. 

When and where will the Medi Assist Healthcare shares be listed?

The equity shares of Medi Assist Healthcare are proposed to be listed on January 22, 2023, on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).


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