Medi Assist Healthcare Services Limited IPO
Medi Assist Healthcare Services Limited IPO is listed on BSE and NSE, priced at ₹397–₹418 per share. The stock debuted at ₹460, delivering a listing gain of 10.0%. The IPO had a lot size of ₹35 shares and a minimum investment of ₹14,630.
Medi Assist Healthcare Services Limited IPO
- IPO Dates
- Jan 15, 2024 – Jan 17, 2024
- Price band
- ₹397-418 per equity share
- Minimum Investment
- ₹14,630
- Issue size
- ₹1171.58 Cr
- Lot size
- 35
- Allotment Date
- Jan 18, 2024
- Listing
- Jan 23, 2024
- Listing At
- BSE, NSE
IPO timeline
-
Jan 15, 2024
Open Date
Completed
-
Jan 17, 2024
Close Date
Completed
-
Jan 18, 2024
Allotment Date
Completed
-
Jan 23, 2024
Listing Date
Completed
Price Summary
- Last closing
- 385.00 (-7.89%)
- 52 week high
- 594.10
- 52 week low
- 293.00
- Last update
Medi Assist Healthcare Services Limited IPO Essentials
Medi Assist Healthcare Services Limited IPO Details
Medi Assist Healthcare Services Limited IPO is priced at ₹397-418 per share with a total issue size of 1171.58 crore. The IPO has a lot size of 35 shares and is listed on BSE and NSE.
- Issue price
- ₹397-418 per equity share
- Lot size
- 35 shares
- Face value
- ₹5 Per Equity Share
- Issue size
- OFS : 28,028,168 shares(aggregating up to ₹1171.58 Cr)
- Total issue size
- 2,80,28,168 shares
(aggregating up to ₹1171.58 crore) - Offer for sale (OFS)
- 2,80,28,168 shares
(aggregating up to ₹1171.58 crore) - Listing at
- BSE, NSE
- List price
- 460.0(NSE)
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
Axis Bank Limited, Iifl Securities Ltd, Nuvama Wealth Management Limited, SBI Capital Markets Limited
Market Lot Size
Investors can bid for a minimum of 35 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 35 | ₹14,630 |
| Retail(max) | 13 | 455 | ₹1,90,190 |
| sHNI(min) | 14 | 490 | ₹2,04,820 |
| sHNI(max) | 68 | 2,380 | ₹9,94,840 |
| sHNI(min) | 69 | 2,415 | ₹10,09,470 |
Medi Assist Healthcare Services Limited IPO Reservation
Medi Assist Healthcare Services Limited IPO reservation details show category-wise allocation of shares. Out of the total 28,028,168 shares, approximately 20% are reserved for QIB, 15% for NII, 35% for retail investors, and 30% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 8,408,449 (30%) | |
| QIB Shares Offered | 5,605,634 (20%) | |
| NII (HNI) Shares Offered | 4,204,226 (15%) | |
| bHNI > ₹10L | 2,802,817 (10%) | 5,720 |
| sHNI < ₹10L | 1,401,409 (5%) | 2,860 |
| Retail Shares Offered | 9,809,859 (35%) | 280,281 |
| Total Shares Offered | 28,028,168 (100%) |
Medi Assist Healthcare Services Limited IPO Analytics
Medi Assist Healthcare Services Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Medi Assist Healthcare Services Limited IPO Subscription Status
Medi Assist Healthcare Services Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 5,605,634 |
4,204,226
2,802,817
1,401,409
|
9,809,859 | 19,619,719 |
|
Day 1
15-01-24 05:00 PM
|
0.00 x |
0.45x
0.36x
0.62x
|
0.89 x | 0.54 x |
|
Day 2
16-01-24 05:00 PM
|
0.01 x |
1.60x
1.55x
1.69x
|
1.69 x | 1.19 x |
|
Day 3
17-01-24 05:00 PM
|
40.14 x |
14.85x
17.22x
10.11x
|
3.18 x | 16.25 x |
Medi Assist Healthcare Services Limited Valuations
Earnings
- EPS Pre IPO
- ₹10.94/-
- EPS Post IPO
- ₹13.15/-
- P/E Pre IPO
- 38.22
- P/E Post IPO
- 31.8
Returns
- ROCE
- 24.95%
- RoNW
- 19.63%
Medi Assist Healthcare Services Limited Financials( In Crs.)
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 705.72 | 602.23 | 545.30 |
| Revenue | 518.96 | 412.02 | 345.57 |
| Profit After Tax | 74.04 | 64.22 | 38.01 |
| Net Worth | 383.67 | 339.29 | 292.55 |
| Reserves & Surplus | 353.86 | 308.63 | 295.81 |
Medi Assist Healthcare Services Limited Company & Offer Insights
About Medi Assist Healthcare Services Limited
Medi Assist Healthcare Services Limited is a health-tech and insurance-tech company that manages health benefits for employers, retail members, and public health schemes, primarily serving insurance companies.
Medi Assist offers medical insurance and cashless hospitalization through a network of healthcare service providers. However, the company also acts as a mediator between (a) general and health insurance companies and their insured members, (b) insurance companies and healthcare providers (such as hospitals), and (c) the Government and beneficiaries of public health schemes. Medi Assist Healthcare collaborated with 36 insurance companies in India and worldwide as of March 31, 2023.
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. These amounts constituted 15.33%, 14.72%, and 11.29% of the total revenue from customer contracts for the same years.
As of March 31, 2023, the company has established a healthcare network across India, with over 14,000 hospitals in 967 cities and towns in 32 states and union territories.
During FY2023, the company settled 5.27 million claims, comprising 2.44 million in-patient claims and 2.83 million out-patient claims.
Medi Assist Healthcare Services Limited Promoter(s)
Dr Vikram Jit Singh Chhatwal, Medimatter Health Management Private Limited, Bessemer India Capital Holding II Ltd are the company's promoters of Medi Assist Healthcare Services Limited.
Medi Assist Healthcare Services Limited IPO Issue Objectives
- •
- 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 Services Limited IPO - Anchor Investors
Medi Assist Healthcare Services IPO: Anchor investors buy Rs 351 crore of shares.
Marquee names in the list of anchor investors included Nomura Trust, Goldman Sachs, Ashoka Whiteoak, Pinebridge Global Funds, Troo Capital, and HSBC.
Further, HDFC Mutual Fund, Kotak Mahindra Trustee, Aditya Birla Sun Life Trustee, SBI Life Insurance Company, Mirae Asset, Canara Robeco Mutual Fund, Tata Mutual Fund, Sundaram Mutual Fund, Bandhan Mutual Fund, Edelweiss Trusteeship, Bajaj Allianz Life Insurance Company, Max Life Insurance Company and SBI General Insurance Company among domestic investors also participated in the anchor book, which was launched for a day on January 12.
Contact Information
Contact Details
Medi Assist Healthcare Services Limited
+91 80 6919 0000
investor.relations@mediassist.in
Tower D, 4th floor, IBC Knowledge Park, 4/1 Bannerghatta Road, Bengaluru 560 029
Registrar Contact Details
Link Intime India Private Ltd
+91-22-4918 6270
Frequently Asked Questions
Click any question to reveal the answer
Medi Assist Healthcare Services Limited IPO is a book-built IPO worth ₹1171.58 crore. The price band is ₹397–₹418 per share. The IPO opens on Jan 15, 2024 and closes on Jan 17, 2024. It will be listed on BSE and NSE. Link Intime India Private Ltd is the registrar.
The price band of Medi Assist Healthcare Services Limited IPO is ₹397 to ₹418 per share.
The lot size of Medi Assist Healthcare Services Limited IPO is 35 shares.
The minimum investment for Medi Assist Healthcare Services Limited IPO is approximately ₹14,630 based on the upper price band .
Medi Assist Healthcare Services Limited IPO opens on Jan 15, 2024 and closes on Jan 17, 2024.
The allotment date of Medi Assist Healthcare Services Limited IPO is Jan 18, 2024.
Medi Assist Healthcare Services Limited IPO is expected to be listed on Jan 23, 2024, on BSE and NSE .
Medi Assist Healthcare Services Limited IPO listed on Jan 23, 2024. It was issued at ₹460.0(NSE) and is currently around ₹385.00 as on 14-May-2026 3:30 PM, which is approximately -7.9% versus issue price. The 52-week high is ₹594.10.
Based on listing and post-listing performance, Medi Assist Healthcare Services Limited IPO delivered around -7.9% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Medi Assist Healthcare Services Limited IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Medi Assist Healthcare Services Limited IPO valuation snapshot: P/E 31.8, EPS ₹13.15/-, P/B N/A, RoNW 19.63%, and market cap N/A.
To apply for Medi Assist Healthcare Services Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Medi Assist Healthcare Services Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Medi Assist Healthcare Services Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Medi Assist Healthcare Services Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Medi Assist Healthcare Services Limited IPO allotment status on IPO Ji for quick and easy access.