Medi Assist healthcare IPO to open on January 15- check gmp and other details

Medi Assist Healthcare IPO description – Medi Assist Healthcare Limited is coming up with its Initial public offering. The IPO will be open for subscription on january 15, 2023

Medi Assist Healthcare IPO Details

 

Medi Assist Healthcare IPO Dates 15 – 17 January 2024
Medi Assist Healthcare IPO Price INR 397 – 418 per share
Fresh issue NIL
Offer For Sale 28,028,168 shares (INR 1,112.72 – 1,171.58 crore)
Total IPO size 28,028,168 shares (INR 1,112.72 – 1,171.58 crore)
Minimum bid (lot size) 35 shares (INR 14,630)
Face Value INR 5 per share
Retail Allocation 35%
Listing On BSE, NSE

 

Medi Assist Healthcare IPO – Date Schedule

 

IPO Open Date 15 January 2024
IPO Close Date 17 January 2024
Basis of Allotment Date 18 January 2024
Initiation of Refund 19 January 2024
Credit of Shares to Demat Account 19 January 2024
IPO Listing Date 22 January 2024

Medi Assist Healthcare IPO – About Company 

 

Medi Assist Healthcare Services Limited operates at the intersection of health-tech and insurance-tech, specializing in managing health benefits for employers, retail members, and public health schemes, with a primary focus on serving insurance companies.

The company facilitates medical insurance and cashless hospitalization through an extensive network of healthcare service providers. Acting as a mediator, Medi Assist plays a crucial role between general and health insurance companies and their insured members, between insurance companies and healthcare providers (such as hospitals), and between the government and beneficiaries of public health schemes.

Collaborating with 36 insurance companies in India and globally as of March 31, 2023, Medi Assist Healthcare has become a key player in the healthcare benefits ecosystem.

The retail portfolio contributed significantly to the company’s revenue, amounting to ₹494.68 million, ₹579.84 million, and ₹570.29 million for the financial years 2021, 2022, and 2023, respectively. These figures represented 15.33%, 14.72%, and 11.29% of the total revenue from customer contracts during the corresponding years.

As of March 31, 2023, Medi Assist Healthcare has established a robust healthcare network spanning across India, encompassing over 14,000 hospitals in 967 cities and towns across 32 states and union territories.

In the fiscal year 2023 alone, the company successfully settled 5.27 million claims, including 2.44 million in-patient claims and 2.83 million out-patient claims. Medi Assist Healthcare Services Limited continues to play a pivotal role in streamlining and enhancing the healthcare experience for individuals and organizations alike.

 

Medi Assist Healthcare IPO Details
Medi Assist Healthcare IPO Details

Medi Assist Healthcare Services Financial Performance

 

  FY 2021 FY 2022 FY 2023
Revenue 322.74 393.81 504.93
Expenses 284.53 333.95 415.35
Net income 26.27 64.22 74.04
Margin (%) 8.14 16.31 14.66

Figures in INR Crores 

 

Medi Assist Healthcare Services Valuations & Margins

 

FY 2021 FY 2022 FY 2023
EPS 5.62 9.14 10.83
PE ratio 36.66 – 38.60
RONW (%) 12.99 18.71 19.63
NAV 42.48 49.27 55.72
ROCE (%) 20.43 22.02 24.95
EBITDA (%) 28.48 27.19 25.70
Debt/Equity

Competitive Strengths

 

  • Largest health benefits administrator in India;
  • Scalable technology-enabled infrastructure addressing the needs of all constituents of the health insurance ecosystem;
  • Longstanding relationships with a majority of indian insurance companies;
  • Diversified base of Group Accounts with longstanding relationships;
  • Attractive contracts with a pan-india healthcare provider network;
  • The Ability to Integrate Acquisitions; and
  • Experienced management team and marquee shareholders.

 

Object Of The Issue

 

  • The object of the Offer is to achieve the benefits of listing the Equity Shares on the Stock Exchanges. The company expects that listing the Equity Shares will enhance its visibility and brand and provide liquidity to its existing Shareholders. The listing will also provide a public market for the Equity Shares in India. The company will not receive any proceeds from the Offer. All proceeds from the Offer will go to the Selling Shareholders, in proportion to the Equity Shares offered by them in the Offer for Sale.

Medi Assist Healthcare IPO GMP Today

 

Date IPO GMP Kostak Subject to Sauda
12 January 2024 64
11 January 2024 80
10 January 2024 80

 

Medi Assist IPO Allotment Status

 

Medi Assist IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.

 

Medi Assist Healthcare IPO – Lots Size & Price

 

Application Lots Shares Amount
Retail (Min) 1 35 14,630
Retail (Max) 13 442 1,90,190
S-HNI (Min) 14 476 2,04,820
S-HNI (Max) 68 2312 9,94,840
B-HNI (Min) 69 2346 10,09,470

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Disclaimer-The content presented here is intended solely for analytical and educational purposes. If you consider investing, it is strongly advised to conduct your own thorough research. We do not endorse or recommend any specific stocks or initial public offerings (IPOs).

 

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