Raghunandan Money – Investment Khushiyon Ka.

Medi Assist Healthcare Services Limited IPO – Upcoming IPO in India 2024

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.

Medi Assist Healthcare Services Limited IPO

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.

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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 DateJanuary 15, 2024
IPO Close DateJanuary 17, 2024
Open and Close Date of Medi Assist Healthcare Services IPO

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 share price
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Medi Assist Healthcare Services IPO Issue Type, Face Value, IPO Price, Market Lot, Listing, Total Issue Size

Issue TypeBook Built Issue IPO
Face Value₹5 per share
Market Lot35 Shares
Listing AtBSE, NSE
Total Issue Size28,028,168 shares
(aggregating up to ₹1,171.58 Cr)
Medi Assist Healthcare Services IPO Issue Type, Face Value, IPO Price, Market Lot, Listing, Total Issue Size

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 Issue67.55%
Share Holding Post Issue45.75%
Medi Assist Healthcare Services IPO Promoter Holding

Medi Assist Healthcare’ Financial Information (Reiterated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets802.62705.72602.23545.30
Revenue312.03518.96412.02345.57
Profit After Tax45.2675.3163.4738.01
Net Worth416.64383.67339.29292.55
Reserves and Surplus102.03353.86308.63295.81
Total Borrowing
Amount in ₹ Crore
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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

  1. Axis Bank Limited (Past IPO Performance)
  2. Iifl Securities Ltd (Past IPO Performance)
  3. Nuvama Wealth Management Limited (Past IPO Performance)
  4. 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

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How to apply for the Medi Assist IPO ?

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