Medi Assist Healthcare Services Limited

Company Profile
Company Name Medi Assist Healthcare Services Limited
Open Date 15-01-2024
Close Date 17-01-2024
Exchange BSE, NSE
Lot Size 35 Shares
Issue Price ₹397 to ₹418 per share
Issue Size 2,80,28,168 shares
Application Amount Min. Inv. - ₹ 14,630 (35 shares) Max. Inv. – ₹ 1,90,190 (455 shares)
Recommendation Risk_Averse - Should Wait Risk_Seekers - Should Apply

Medi Assist Healthcare Limited was originally incorporated in the year 2012 and has its registered office in Bengaluru, Karnataka, India.The company is a third-party administration services provider to insurance companies through its wholly owned subsidiaries, Medi Assist TPA, Medvantage TPA and Raksha TPA.The company also facilitate other healthcare and ancillary services such as hospitalization services, call centre services, customer relations and contract management services, billing services and claims processing services through the company and its other subsidiaries.As of 30th September 2023, the Company had 6,219 employees, out of which 4,840 are full-time employees on its payroll.

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Financial Summary in Cr.

For the Period Ended Mar-21 Mar-22 Mar-23 Sept-23
Total Assets 545.30 602.23 705.72 802.62
Net Assets 290.39 337.13 376.61 408.40
Total Borrowings - - 0.08 0.08
Total Revenue 345.57 412.02 518.96 312.03
Profit After Tax 26.27 64.22 74.04 22.49

Tentative Timeline

Opening Date 15/01/2024
Closing Date 17-01-2024
Basis of Allotment 18-01-2024
Initiation of Refunds 19-01-2024
Credit of Shares to Demat 19-01-2024
Listing Date 22-01-2024

Objects of the Issue

The Object of the offer is to achieve the benefits of listing the Equity Shares on the Stock Exchanges.

Contact Information

Registered Office Medi Assist Healthcare Services Limited Tower D, 4th floor, IBC Knowledge Park 4/1 Bannerghatta Road Bengaluru 560 029
Phone (+91 80) 6919 0000

Registrar Details

Name Link Intime India Private Ltd
Phone +91-22-4918 6270

IPO Reservation

QIB Shares Offered Not more than 50% of the Net Issue
Retail Shares Offered Not less than 35% of the Net Issue
NII (HNI) Shares Offered Not less than 15% of the Net Issue

Shareholding Pattern

Share Holding Pre Issue 77.14%
Share Holding Post Issue 45.75%

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