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MEDIASSISTEQ / NSE, BSEListed
Medi Assist Healthcare Services

Incorporated in June 2002, Medi Assist Healthcare Services Limited is a health-tech and insurance-tech company specializing in managing health benefits for employers, retail members, and public health schemes, primarily serving insurance companies. The company facilitates medical insurance and cashless hospitalization through a vast network of healthcare service providers while acting as a mediator between insurance companies, insured members, healthcare providers, and government health schemes. As of March 31, 2023, Medi Assist collaborated with 36 insurance companies in India and globally, maintaining a healthcare network of over 14,000 hospitals across 967 cities and towns in 32 states and union territories. The company generated ₹494.68 million, ₹579.84 million, and ₹570.29 million in revenue from its retail portfolio in FY 2021, 2022, and 2023, respectively, accounting for 15.33%, 14.72%, and 11.29% of total customer contract revenue. In FY 2023, the company processed 5.27 million claims, including 2.44 million in-patient and 2.83 million out-patient claims.

₹397 - ₹41816.25x sub
Listed Price₹460.00
Listing Gain+10.05%

IPO Schedule & Timeline

Book Built Issue IPO
Open15 Jan 2024
Close17 Jan 2024
Allotment18 Jan 2024
Listing23 Jan 2024

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Retail98,09,859 shares
35%
Nii(hni)42,04,226 shares
15%
QIB56,05,634 shares
20%

Minimum Application Lots

Retail1 Lot (35 shares)
₹14,630
sHNI14 Lots (490 shares)
₹2,04,820
bHNI69 Lots (2,415 shares)
₹10,09,470

Company Promoters

Dr Vikram Jit Singh ChhatwalMedimatter Health Management Private LimitedBessemer India Capital Holding II Ltd

Company Background

Incorporated in June 2002, Medi Assist Healthcare Services Limited is a health-tech and insurance-tech company specializing in managing health benefits for employers, retail members, and public health schemes, primarily serving insurance companies. The company facilitates medical insurance and cashless hospitalization through a vast network of healthcare ser...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Sep-23)₹312.03 Cr
Growth-9.7%
Revenue Trend (₹ in Crores)
0.0198.9397.9596.8Mar-21Mar-22Mar-23Sep-23
PeriodRev (Cr)PAT (Cr)AssetsDebt
Sep-23312.0322.49802.620
Mar-23518.9674.04705.720
Mar-22412.0264.22602.230
Mar-21345.5726.27545.300

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Values00%24.95%00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Link Intime India Private Limited

Allotment Finalized
Allotment Date
18 Jan 2024
Official Status
Out / Finalized
Registrar
Link Intime India Private Limited
Listing Date
23 Jan 2024

Official Allotment Verification Links

Official Registrar Portal
Link Intime India Private Limited

Direct allotment verification on the official registrar portal appointed for Medi Assist Healthcare Services. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization18 Jan 2024Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date23 Jan 2024Trading commences on exchange

How to Check Medi Assist Healthcare Services Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Medi Assist Healthcare Services from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Allotment FAQs & Help

About Medi Assist Healthcare Services IPO

Complete issue overview for Medi Assist Healthcare Services (MEDIASSIST) IPO. The issue features an equity share price band of ₹397 – ₹418 per share with a minimum retail lot size of 35 Shares (minimum application amount of ₹14,630). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions