Let’s have a detailed review of the company and analytics of the Medi Assist Healthcare IPO release date, IPO offer price, subscription, Medi Assist Healthcare Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 5
Price BandRs [●]
Listing AtBSE, NSE
Min. Order QuantityNA
Listing DateNA
Offer for SaleRs Million
Fresh IssueRs Million
IPO SizeRs Million
Tick Size1

Medi Assist Healthcare IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.

Live Performance – Medi Assist Share Price

Medi Assist Healthcare IPO – Summary

Medi Assist Healthcare IPO

They are a technology-led company that plays a crucial role in the health insurance ecosystem. They are India’s largest health benefits administrator in terms of revenues and premium serviced for health insurance policies for the financial years 2018, 2019, and 2020.

While under the TPA Regulations, their primary clients are insurance companies, they also serve as an intermediary between (a) general and health insurance companies and the insured members (under retail, corporate, and insurance backed public health insurance policies), (b) insurance companies and healthcare providers (such as hospitals), and (c) the Government and beneficiaries of public health schemes.

The Promoter of this company is DR. VIKRAM JIT SINGH CHHATWAL, MEDIMATTER HEALTH MANAGEMENT PRIVATE LIMITED AND BESSEMER INDIA CAPITAL HOLDINGS II LTD. The lead manager to the issue is Axis Capital Limited, Edelweiss Financial Services Limited, IIFL Securities Limited and SBI Capital Markets Limited, and the Registrar to this issue is Link Intime India Private Limited.


Medi Assist Healthcare IPO Date

The opening and the closing date of the IPO of Medi Assist Healthcare Limited are not available yet.

Check out Related IPO Links:

Medi Assist Healthcare IPO GMP
Medi Assist Healthcare IPO Allotment

Medi Assist Healthcare IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day –  
3rd Day – 
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.

Check Medi Assist Healthcare IPO LIVE Subscription

  • Medi Assist IPO LIVE Bid details on BSE
  • Medi Assist IPO LIVE Bid details on NSE

For the Latest Bid details click on the above links.


Medi Assist Healthcare IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Medi Assist Healthcare Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment Finalization
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

Medi Assist Healthcare IPO Price Band 

The face value of each share is Rs.5, but the price band of the IPO is Rs.[●] 


Medi Assist Healthcare IPO Equity Size

This Initial Public Issue of 28,028,168 Equity Shares of Rs.5 each for cash at a price of Rs.[●]  per equity share aggregating to Rs.[●] Million.


Medi Assist Healthcare IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.5/ each.

Issue Size: X Equity Shares of Rs.5 each, aggregating to Rs.[●] Million


Medi Assist Healthcare IPO – Live Performance

The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.

Live IPO Performance – Medi Assist Healthcare Share Price

Medi Assist Healthcare IPO Grey Market Premium

The Medi Assist Healthcare Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


Medi Assist Healthcare IPO – Company Overview

They managed ₹ 78,295 million of health insurance premiums for the financial year 2020, and also had market shares of 17% of the private health insurance market and of 29% of the private health insurance market serviced by health benefits administrators in India, based on premium under management for the financial year 2020.

Their technology-driven infrastructure and services are custom-built and are integral to the operations of insurance companies, hospitals, insurance brokers and insurance agents. Their technology infrastructure is scalable, customized, comprehensive, easy to use and secure.

They are the largest health benefits administrator in India for corporates in terms of premium serviced for the financial years 2018, 2019 and 2020. They serviced over 7,800 corporate accounts across sectors to help administer the insurance requirements of their employees, and as of March 31, 2020.

The company managed ₹ 62,439 million of corporate premium, representing 24% of the overall corporate health insurance market in India and 36% of the corporate health insurance market serviced by health benefits administrators.


Medi Assist Healthcare IPO – Financial Statements

A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR & Million)
31-Dec-2031-Dec-1931-Mar-20Mar-1931-Mar-18
Total Assets5,422.015,055.095,581.745,207.624,802.18
*Total Revenue2,574.442,451.563,304.072,811.692,415.79
Total Expense2,040.201,946.572,670.432,217.691,777.23
Profit After Tax380.88352.00391.71329.74438.77

Earnings per Equity Share (in Million)

31-Dec-2031-Dec-1931-Mar-20Mar-1931-Mar-18
Basic 4.954.655.175.176.05
Diluted4.904.615.133.896.00

 


Medi Assist Healthcare IPO – Promoters

The Promoter of this company is:

  1. DR. VIKRAM JIT SINGH CHHATWAL,
  2. MEDIMATTER HEALTH MANAGEMENT PRIVATE LIMITED
  3. BESSEMER INDIA CAPITAL HOLDINGS II LTD

List of Related Parties (Key Managerial Personnel)

  • Dr. Vikram Jit Singh Chhatwal, Chairman and Whole-time Director
  • Satish V.N. Gidugu, Whole-time Director and Chief Executive Officer
  • Vishal Vijay Gupta, Non-Executive Nominee Director
  • Gaurav Sharma, Non-Executive Nominee Director
  • Himani Kapadia, Independent Director
  • Gopalan Srinivasan, Independent Director

Medi Assist Healthcare IPO – Promoters Holding

  • Pre Issue Share Holding – %
  • Pos Issue Share Holding – %

Medi Assist Healthcare IPO Offer Details or Issue Details

 Particulars No. Of Equity Shares
 Equity Shares Offered Up to 28,028,168 Equity Shares aggregating up to Rs.[●] Million
of which:
Issue Reserved for the Market MakersUp to [●] Equity Shares aggregating up to Rs.[●]
Million
Net Issue to the PublicUp to [●] Equity Shares aggregating up to Rs.[●]
Million
Of which:
Retail Investors Portion Not less than [●] Equity Shares
Other than Retail Individual InvestorsNot more than [●] Equity Shares
 Equity Shares outstanding prior to the Issue68,859,212 Equity Shares
 Equity Shares outstanding after the IssueX Equity Shares

Medi Assist Healthcare IPO Issue Object

Their Company proposes to utilize the Net Proceeds towards funding the following objects:

1. To achieve the benefits of listing the Equity Shares on the Stock Exchanges and for the Offer for Sale of up to 28,028,168 Equity Shares.
2. General Corporate Purpose
3. To meet issue expenses

Medi Assist IPO – Business Strategy

  • Maintain their Leadership Position among Corporate Accounts
  • Grow their Market Share in the Retail Portfolio
  • Expand their relationships with digital insurance companies, web aggregators and digital insurance brokers
  • Pursue Inorganic Growth Opportunities
  • Continue to Enhance their Technology Platforms

Medi Assist Healthcare IPO – Basis of Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

  • Well-positioned to capture favorable industry dynamics;
  • Largest health benefits administrator in India;
  • Scalable technology-enabled ecosystem addressing the needs of all constituents of the health insurance ecosystem;
  • Longstanding relationships with a majority of Indian insurance companies;
  • Diversified base of corporates accounts with longstanding relationships
  • Attractive contracts with a pan-India healthcare provider network; and
  • Experienced management team and marquee shareholders

The relevant quantitative factors are:

Basic EPSDiluted EPS
RONW (%)NAV (Rs.)
31-Mar-205.175.1316.11
31-Mar-193.923.8911.90
Mar-186.056.0019.49

Medi Assist IPO: Competitive Peers

Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Crores)
Medi Assist Healthcare Limited5[●]
Listed Peers
NA

Medi Assist Healthcare IPO Lead Managers

Lead Managers
Axis Capital Limited

Edelweiss Financial Services Limited

IIFL Securities Limited

SBI Capital Markets Limited

Medi Assist Healthcare IPO Registrar to offer

Registrar to the Offer
Link Intime India Private Limited
C-101, 1st Floor, 247 Park, Lal Bhadur
Shastri Marg, Vikhroli (West)
Mumbai 400 083
Maharashtra, India
Tel: (+ 91 22) 4918 6200
E-mail: mahs.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor grievance E-mail:
mahs.ipo@linkintime.co.in
Contact person:Shanti Gopalkrishnan
SEBI Registration No.:
INR000004058

Medi Assist IPO – Other Details

  • Statutory Auditor – B S R & Co. LLP, Chartered Accountants
  • Legal Counsel to the Company – Shardul Amarchand Mangaldas & Co
  • Bankers to the Company –  NA


Medi Assist IPO Review by Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

 


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    Medi Assist Healthcare Limited IPO News

    News 1 – IPO DRHP Download

    News 2 – IPO RHP Prospectus Download


    Medi Assist IPO Review FAQs

    Ques – What is the Issue Size of Medi Assist IPO?

    Answer – The Company is making an initial public offer of 28,028,168 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.

    Ques – What is the Price band of Medi Assist Healthcare IPO?

    Answer – The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.10 per share.

    Ques – What is the Medi Assist IPO Open Date?

    Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.

    Ques – What is the Medi Assist Healthcare IPO Allotment Date?

    Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.

    Ques – What is the Medi Assist Healthcare IPO Listing Date?

    Answer – Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.

    Ques – Who is the Registrar of Medi Assist IPO?

    Answer – One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.

    Ques – Who is the Promoter of Medi Assist Healthcare IPO?

    Answer – Here are the promoters of this IPO – DR. VIKRAM JIT SINGH CHHATWAL, MEDIMATTER HEALTH MANAGEMENT PRIVATE LIMITED AND BESSEMER INDIA CAPITAL HOLDINGS II LTD. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

    Ques – What is GMP of Medi Assist IPO?

    Answer – They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

    Ques – Is Medi Assist Healthcare IPO good for Investment?

    Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

    Ques – What is the PAT of Medi Assist Healthcare Company?

    Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2020 in Million is 391.71, 2019 is 329.74, 2018 is 438.77. PAT from Dec 2020 is 380.88.


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