Published : January 13, 2024
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.
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.
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 |
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 |
| 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) |
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% |
| 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 |
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 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/
Medi Assist Healthcare IPO DRHP
Medi Assist Healthcare IPO RHP
Anchor Investors in Medi Assist Healthcare IPO
How to apply for the Medi Assist IPO ?
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