
Medi Assist Healthcare Services Limited IPO – Upcoming IPO in India 2024
By: Akriti Tomar | Date : Jan 13, 24
Medi Assist Healthcare IPO is an offer for sale of Rs 1,171.58 crores, consisting of 2.8 crore shares. The subscription period for the IPO is from January 15, 2024, to January 17, 2024. The allotment is expected to be finalized on Thursday, January 18, 2024. The listing on BSE and NSE is tentatively scheduled for Monday, January 22, 2024.

The price band for the IPO is set at ₹397 to ₹418 per share, with a minimum lot size of 35 shares. Retail investors need a minimum investment of ₹14,630. The minimum lot size for sNII is 14 lots (490 shares), amounting to ₹204,820, and for bNII, it is 69 lots (2,415 shares), amounting to ₹1,009,470.
The book running lead managers for the IPO are Axis Bank Limited, IIFL Securities Ltd, Nuvama Wealth Management Limited, and SBI Capital Markets Limited. Link Intime India Private Ltd has been appointed as the registrar for the issue.
For detailed information about the Medi Assist Healthcare IPO, you can refer to the Red Herring Prospectus (RHP) of the company.

Medi Assist Healthcare Services IPO Objective
The primary objective of the Offer is to realize the advantages of listing the Equity Shares on the Stock Exchanges. The company anticipates that the listing will contribute to increased visibility and brand recognition, offering liquidity to its current shareholders. Additionally, it will establish a public market for the Equity Shares in India. It’s important to note that the company will not receive any proceeds from the Offer, as all proceeds will be directed to the Selling Shareholders, proportionate to the Equity Shares they offer in the Offer for Sale.
Medi Assist Healthcare Services IPO Details
Open and Close Date of Medi Assist Services IPO
The subscription for the IPO will be open from 15th January and will close on 17th January, 2024.
| IPO Open Date | January 15, 2024 |
| IPO Close Date | January 17, 2024 |
Medi Assist Healthcare IPO share price
The price band for the Medi Assist Healthcare Services IPO has been set at ₹397 to ₹418 per share.
| IPO Price | ₹397 to ₹418 per share |

Medi Assist Healthcare Services IPO Issue Type, Face Value, IPO Price, Market Lot, Listing, Total Issue Size
| Issue Type | Book Built Issue IPO |
| Face Value | ₹5 per share |
| Market Lot | 35 Shares |
| Listing At | BSE, NSE |
| Total Issue Size | 28,028,168 shares (aggregating up to ₹1,171.58 Cr) |
Medi Assist Healthcare Services IPO Promoter Holding
The promoters of the Company include Dr. Vikram Jit Singh Chhatwal, Medimatter Health Management Private Limited, and Bessemer India Capital Holding II Ltd.
| Share Holding Pre Issue | 67.55% |
| Share Holding Post Issue | 45.75% |
Medi Assist Healthcare’ Financial Information (Reiterated)
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 802.62 | 705.72 | 602.23 | 545.30 |
| Revenue | 312.03 | 518.96 | 412.02 | 345.57 |
| Profit After Tax | 45.26 | 75.31 | 63.47 | 38.01 |
| Net Worth | 416.64 | 383.67 | 339.29 | 292.55 |
| Reserves and Surplus | 102.03 | 353.86 | 308.63 | 295.81 |
| Total Borrowing |

Medi Assist IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: medi.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
Medi Assist IPO Lead Manager
- Axis Bank Limited (Past IPO Performance)
- Iifl Securities Ltd (Past IPO Performance)
- Nuvama Wealth Management Limited (Past IPO Performance)
- SBI Capital Markets Limited (Past IPO Performance)
Contact Information
Medi Assist Healthcare Services Limited
Tower D, 4th floor, IBC Knowledge Park
4/1 Bannerghatta Road
Bengaluru 560 029
Phone: (+91 80) 6919 0000
Email: investor.relations@mediassist.in
Website: https://mediassist.in/
IPO Prospectus
Medi Assist Healthcare IPO DRHP
Medi Assist Healthcare IPO RHP
Anchor Investors in Medi Assist Healthcare IPO

Table of content
Categories
Open Demat Account 
Related Posts
-
Mastering your mobile trading application – expertise in this digital era!
Mobile trading is made possible in recent years. The advent of technology is making every...
-
All That You Need to Know about ASBA
For the past few years, SEBI, i.e., Securities and Exchange Board of India, introduced a...
-
What are the Criteria’s for Picking Right Mutual Funds
There are plenty of mutual funds available in India, but picking the right one for...
-
Nova AgriTech Limited IPO – Upcoming IPO in India January 2024
Nova AgriTech IPO is a book-built issue worth Rs 143.81 crores, comprising a fresh issue...
Filing Complaints on SCORES (SEBI) – Easy & Quick
- Register on SCORES Portal (SEBI)
- Mandatory details for filing complaints on SCORES:
- Name, PAN, Address, Mobile Number, E-mail ID
- Benefits:
- Effective Communication
- Speedy redressal of the grieva`nces

IT'S TIME TO HAVE SOME FUN!
Your family deserves this time more than we do.
Share happiness with your family today & come back soon. We will be right here.
Investment to ek bahana hai,
humein to khushiyon ko badhana hai.
E-mail
askus@rmoneyindia.com
Customer Care
+91-9568654321




