MediAssist IPO subscription is to open on Jan 15, 2024 and will close on Jan 17, 2024, the price band of the MediAssist IPO is fixed at ₹ 397 – ₹ 418.. MediAssist Healthcare Services provides third party administration services to insurance companies through the wholly owned Subsidiaries, Medi Assist TPA, Medvantage TPA and Raksha TPA.
Table of Contents
About MediAssist
MediAssist Healthcare Services provides third party administration services to insurance companies through our wholly owned Subsidiaries, Medi Assist TPA, Medvantage TPA and Raksha TPA. A third party administrator is an organization that processes health insurance claims for insurance companies and provides services such as policy administration, customer service and network management, among others
As a third party administrator, MediAssist act as a facilitator between
(a) insurance companies and their policy holders,
(b) insurance companies and healthcare providers (such as hospitals), and
(c) the Government and beneficiaries of public health schemes.
Objects of the Issue
- To achieve the benefits of listing the Equity Shares on the Stock Exchanges
MediAssist Limited Financials:
Summary of financial Information (Restated Consolidated Statement)
| Particulars | For the year ended (₹ in million) | ||
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
| Total Assets | 7,057.16 | 6,022.30 | 5,452.95 |
| Total income | 5,189.55 | 4,120.23 | 3,455.74 |
| Total Expenses | 4,153.46 | 3,339.47 | 2,845.32 |
| Profit After Tax | 740.42 | 642.18 | 262.74 |
MediAssist IPO Price – Details
| Description | IPO Details |
|---|---|
| Public Issue | Initial Public Issue of upto 28,028,168 Equity Shares of ₹ 5 (aggregating up to ₹ [.] Cr) |
| Issue Open Date | 15-Jan-24 |
| Issue Close Date | 17-Jan-24 |
| Issue Type | Book Building |
| IPO Price Band | ₹ 397 – ₹ 418 |
| Face Value | ₹ 5 |
| Market Lot | 35 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 35 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | NSE, BSE |
| NSE Symbol | MEDIASSIST |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
MediAssist IPO DRHP & RHP
MediAssist IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 35 | 14,630 |
| Maximum | 13 | 455 | 190,190 |
MediAssist IPO Lead Managers
- Nuvama Wealth Management Limited
- Axis Capital Limited
- IIFL Securities Limited
- SBI Capital Markets Limited
MediAssist IPO Registrar
MediAssist IPO Allotment Date, Listing Date and other Important Dates
| Details | Date |
|---|---|
| Bid / Offer Opens on | 15-Jan-24 |
| Bid / Offer Closes on | 17-Jan-24 |
| Finalisation of Basis of Allotment | 18-Jan-24 |
| Initiation of refunds | 19-Jan-24 |
| Credit of the Equity Shares | 19-Jan-24 |
| Listing Date | 22-Jan-24 |
Company Registered and Corporate Office
Tower D, 4th floor, IBC Knowledge Park,
4/1 Bannerghatta Road,
Bengaluru 560 029,
Karnataka, India
Website: www.mediassist.in
Company Promoters
DR. Vikram Jit Singh Chhatwal
Medimatter Health Management Private Limited
Bessemer India Capital Holdings II Ltd
MediAssist IPO – FAQS
What is the MediAssist IPO Price?
The MediAssist IPO price band is ₹ 397 – ₹ 418 per share
When MediAssist IPO will open?
The MediAssist IPO opens on Jan 15, 2024 and closes on Jan 17, 2024
What is the lot size of MediAssist IPO?
The MediAssist IPO lot size is 35 Equity Shares and the minimum order quantity is 35 Equity Shares
Who is the Registrar for MediAssist IPO?
The Registrar for MediAssist IPO is Link Intime India Private Limited
How to apply in MediAssist IPO through UPI?
Check the step by step process here – Click here
How to apply in MediAssist IPO through Zerodha?
Check the step by step process here – Click here
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