{"id":5552,"date":"2024-01-10T14:38:21","date_gmt":"2024-01-10T09:08:21","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=5552"},"modified":"2024-01-10T14:38:28","modified_gmt":"2024-01-10T09:08:28","slug":"medi-assist-healthcare-services-ipo-details","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/medi-assist-healthcare-services-ipo-details\/","title":{"rendered":"Medi Assist Healthcare Services IPO Details - Complete Overview of Medi Assist Healthcare Services Limited IPO"},"content":{"rendered":"\n<p><strong>Medi Assist Healthcare Services IPO Price: <\/strong>\u20b9397 - \u20b9418<strong><br>IPO Date Range:<\/strong> Jan 15, 2024 - Jan 17, 2024<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:35%\">\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:100%\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" width=\"362\" height=\"120\" src=\"https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2024\/01\/Medi-Assist-Healthcare-Services-Logo.png\" alt=\"Medi Assist Healthcare Services IPO\" class=\"wp-image-5562\" style=\"width:309px;height:auto\" srcset=\"https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2024\/01\/Medi-Assist-Healthcare-Services-Logo.png 362w, https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2024\/01\/Medi-Assist-Healthcare-Services-Logo-150x50.png 150w\" sizes=\"(max-width: 362px) 100vw, 362px\" \/><\/figure>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:65%\">\n<h2 class=\"wp-block-heading\">Foundation &amp; Business Essence:<\/h2>\n\n\n\n<p>Established in June 2002, Medi Assist Healthcare Services Limited operates as a health-tech and insurance-tech enterprise, specializing in administering health benefits for employers, retail members, and public health schemes, with a primary focus on servicing insurance companies.<\/p>\n<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Product Portfolio:<\/h2>\n\n\n\n<p>Medi Assist provides medical insurance and facilitates cashless hospitalization via its extensive network of healthcare service providers. Its role extends as a mediator among various parties: between general and health insurance firms and their insured members; insurance companies and healthcare providers like hospitals; and the government and beneficiaries of public health schemes. <\/p>\n\n\n\n<p>Additionally, the company offers an array of healthcare and ancillary services, including hospitalization, call center operations, customer relations, contract management, billing, and claims processing services through its main entity and subsidiary operations.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Network and Presence<\/h2>\n\n\n\n<p>As of March 31, 2023, Medi Assist Healthcare had partnered with 36 insurance companies both in India and globally. By the same date, the company had built an extensive healthcare network spanning India, encompassing over 14,000 hospitals located in 967 cities and towns spread across 32 states and union territories. Throughout the fiscal year 2023, the company successfully resolved 5.27 million claims, which included 2.44 million in-patient claims and 2.83 million out-patient claims.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Strengths<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Established as a prominent Third-Party Administrator within India<\/li>\n\n\n\n<li>Utilizes scalable, technology-driven infrastructure to cater to all stakeholders within the health insurance ecosystem<\/li>\n\n\n\n<li>Maintains enduring relationships with a majority of insurance companies<\/li>\n\n\n\n<li>Boasts a diverse array of Group Accounts coupled with long-standing associations<\/li>\n\n\n\n<li>Holds appealing contracts with a wide-reaching healthcare provider network across India<\/li>\n\n\n\n<li>Demonstrates adeptness in integrating acquisitions to enhance operations<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading has-background has-medium-font-size\" style=\"background:linear-gradient(115deg,rgb(254,205,165) 0%,rgb(254,45,45) 50%,rgb(107,0,62) 100%);font-style:normal;font-weight:700\">Bidding Starts In<\/h2>\n\n\n\n<div class=\"wp-block-uagb-countdown uagb-block-3d225132\"><div class=\"wp-block-uagb-countdown__box wp-block-uagb-countdown__box-days\"><div class=\"wp-block-uagb-countdown__time wp-block-uagb-countdown__time-days\">-<\/div><div class=\"wp-block-uagb-countdown__label\">DAYS<\/div><\/div><div class=\"wp-block-uagb-countdown__box wp-block-uagb-countdown__box-hours\"><div class=\"wp-block-uagb-countdown__time wp-block-uagb-countdown__time-hours\">-<\/div><div class=\"wp-block-uagb-countdown__label\">HOURS<\/div><\/div><div class=\"wp-block-uagb-countdown__box wp-block-uagb-countdown__box-minutes\"><div class=\"wp-block-uagb-countdown__time wp-block-uagb-countdown__time-minutes\">-<\/div><div class=\"wp-block-uagb-countdown__label\">MINUTES<\/div><\/div><div class=\"wp-block-uagb-countdown__box wp-block-uagb-countdown__box-seconds\"><div class=\"wp-block-uagb-countdown__time wp-block-uagb-countdown__time-seconds\">-<\/div><div class=\"wp-block-uagb-countdown__label\">SECONDS<\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-marketing-button uagb-marketing-btn__align-center uagb-marketing-btn__align-text-center uagb-marketing-btn__icon-after uagb-block-5217ab29 wp-block-button\"><a href=\"https:\/\/lakshmishree.com\/ipo\/\" class=\"uagb-marketing-btn__link wp-block-button__link\" target=\"_blank\" rel=\"noopener noreferrer\"><span class=\"uagb-marketing-btn__title\">APPLY NOW<\/span><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\"><path d=\"M384 320c-17.67 0-32 14.33-32 32v96H64V160h96c17.67 0 32-14.32 32-32s-14.33-32-32-32L64 96c-35.35 0-64 28.65-64 64V448c0 35.34 28.65 64 64 64h288c35.35 0 64-28.66 64-64v-96C416 334.3 401.7 320 384 320zM488 0H352c-12.94 0-24.62 7.797-29.56 19.75c-4.969 11.97-2.219 25.72 6.938 34.88L370.8 96L169.4 297.4c-12.5 12.5-12.5 32.75 0 45.25C175.6 348.9 183.8 352 192 352s16.38-3.125 22.62-9.375L416 141.3l41.38 41.38c9.156 9.141 22.88 11.84 34.88 6.938C504.2 184.6 512 172.9 512 160V24C512 10.74 501.3 0 488 0z\"><\/path><\/svg><p class=\"uagb-marketing-btn__prefix\">Dream Big, Start with an IPO. Choose Lakshmishree.<\/p><\/a><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Medi Assist Healthcare Services IPO Specifics:<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>IPO Date<\/td><td>January 15, 2024 to January 17, 2024<\/td><\/tr><tr><td>Listing Date<\/td><td>Monday, January 22, 2024<\/td><\/tr><tr><td>Face Value<\/td><td>\u20b95 per share<\/td><\/tr><tr><td>Price Band<\/td><td>\u20b9397 to \u20b9418 per share<\/td><\/tr><tr><td>Lot Size<\/td><td>35 shares<\/td><\/tr><tr><td>Total Issue Size<\/td><td>28,028,168 shares<br>(aggregating up to \u20b91,171.58 Cr)<\/td><\/tr><tr><td>Offer For Sale <\/td><td>28,028,168 shares<br>(aggregating up to \u20b91,171.58 Cr)<\/td><\/tr><tr><td>Issue Type<\/td><td>Book Built Issue IPO<\/td><\/tr><tr><td>Listing At<\/td><td>BSE, NSE<\/td><\/tr><tr><td>Share holding pre issue<\/td><td>68,859,212<\/td><\/tr><tr><td>Share holding post issue<\/td><td>68,859,212<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Medi Assist Healthcare Services IPO Lot Size<\/h2>\n\n\n\n<p>Investors have the option to bid for a minimum of 35 shares, and they can bid in multiples of this amount. The table below outlines the minimum and maximum investment amounts for retail investors and HNIs, both in terms of shares and total value.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Application<\/th><th>Lots<\/th><th>Shares<\/th><th>Amount<\/th><\/tr><\/thead><tbody><tr><td>Retail (Min)<\/td><td>1<\/td><td>35<\/td><td>\u20b914,630<\/td><\/tr><tr><td>Retail (Max)<\/td><td>13<\/td><td>455<\/td><td>\u20b9190,190<\/td><\/tr><tr><td>S-HNI (Min)<\/td><td>14<\/td><td>490<\/td><td>\u20b9204,820<\/td><\/tr><tr><td>S-HNI (Max)<\/td><td>68<\/td><td>2,380<\/td><td>\u20b9994,840<\/td><\/tr><tr><td>B-HNI (Min)<\/td><td>69<\/td><td>2,415<\/td><td>\u20b91,009,470<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Medi Assist Healthcare Services IPO Reservation<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>QIB Shares Offered<\/td><td>Not more than 50% of the Net Issue<\/td><\/tr><tr><td>Retail Shares Offered<\/td><td>Not less than 35% of the Net Issue<\/td><\/tr><tr><td>NII (HNI) Shares Offered<\/td><td>Not less than 15% of the Net Issue<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Medi Assist Healthcare Services IPO Timetable (Important Dates)<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>IPO Open Date<\/td><td>Monday, January 15, 2024<\/td><\/tr><tr><td>IPO Close Date<\/td><td>Wednesday, January 17, 2024<\/td><\/tr><tr><td>Basis of Allotment<\/td><td>Thursday, January 18, 2024<\/td><\/tr><tr><td>Initiation of Refunds<\/td><td>Friday, January 19, 2024<\/td><\/tr><tr><td>Credit of Shares to Demat<\/td><td>Friday, January 19, 2024<\/td><\/tr><tr><td>Listing Date<\/td><td>Monday, January 22, 2024<\/td><\/tr><tr><td>Cut-off time for UPI mandate confirmation<\/td><td>5 PM on January 17, 2024<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div class=\"wp-block-uagb-advanced-heading uagb-block-b994fb1e\"><h2 class=\"uagb-heading-text\">Don't Miss Out!<\/h2><div class=\"uagb-separator\"><\/div><p class=\"uagb-desc-text\">Whether you're a seasoned investor or just starting out, Lakshmishree ensures you don't miss out on premier IPO opportunities. Dive into the future of investing with Lakshmishree.<\/p><\/div>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-50 is-style-fill\"><a class=\"wp-block-button__link has-vivid-red-background-color has-background has-text-align-center wp-element-button\" href=\"https:\/\/lakshmishree.com\/ipo\/\" target=\"_blank\" rel=\"noreferrer noopener\">APPLY NOW<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Medi Assist Healthcare Services Limited IPO Financial Information<\/h2>\n\n\n\n<p>Between the fiscal years ending March 31, 2023, and March 31, 2022, Medi Assist Healthcare Services Limited experienced a 25.95% rise in revenue and a 15.3% increase in profit after tax (PAT).<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Period Ended<\/th><th>31 Mar 2021<\/th><th>31 Mar 2022<\/th><th>31 Mar 2023<\/th><th>30 Sep 2023<\/th><\/tr><\/thead><tbody><tr><td>Assets<\/td><td>545.30<\/td><td>602.23<\/td><td>705.72<\/td><td>802.62<\/td><\/tr><tr><td>Revenue<\/td><td>345.57<\/td><td>412.02<\/td><td>518.96<\/td><td>312.03<\/td><\/tr><tr><td>Profit After Tax<\/td><td>26.27<\/td><td>64.22<\/td><td>74.04<\/td><td>22.49<\/td><\/tr><tr><td>Net Worth<\/td><td>292.55<\/td><td>339.29<\/td><td>383.67<\/td><td>416.64<\/td><\/tr><tr><td>Reserves &amp; Surplus<\/td><td>295.81<\/td><td>308.63<\/td><td>353.86<\/td><td>102.03<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><small>Amount in \u20b9 Crore<\/small><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Key Performance Indicator - Medi Assist Healthcare Services IPO<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>KPI<\/th><th>Values<\/th><\/tr><\/thead><tbody><tr><td>P\/E (x)<\/td><td>38.87<\/td><\/tr><tr><td>Market Cap (\u20b9 Cr.)<\/td><td>2878.32<\/td><\/tr><tr><td>ROCE<\/td><td>24.95%<\/td><\/tr><tr><td>EPS (Rs)<\/td><td>10.75<\/td><\/tr><tr><td>RoNW<\/td><td>19.63%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Objects of the Issue:<\/strong><\/h2>\n\n\n\n<p>The Offer's objective is to list Equity Shares on Stock Exchanges, anticipating enhanced visibility, brand recognition, and liquidity for existing Shareholders. This listing will establish a public market for the Equity Shares in India. The company won't gain from the Offer; proceeds will solely benefit Selling Shareholders, proportionate to their offered Equity Shares.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Prospectus Links:<\/strong><\/h2>\n\n\n\n<p><strong>Prospectus:<\/strong> Official documents that provide detailed information about the IPO and the company. <a href=\"https:\/\/www.sebi.gov.in\/filings\/public-issues\/aug-2023\/medi-assist-healthcare-services-limited-drhp_75948.html\" target=\"_blank\" rel=\"noopener\">Medi Assist Healthcare Services DRHP<\/a> and <a href=\"https:\/\/www.sebi.gov.in\/filings\/public-issues\/jan-2024\/medi-assist-healthcare-services-limited-rhp_80543.html\" target=\"_blank\" rel=\"noopener\">Medi Assist Healthcare Services IPO RHP<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Frequently Asked Questions<\/strong><\/h2>\n\n\n\n<div class=\"wp-block-uagb-separator uagb-block-e0c8c4f4\"><div class=\"wp-block-uagb-separator__inner\" style=\"--my-background-image:\"><\/div><\/div>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1693390748634\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">What is an IPO?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1693390791940\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">Why do companies go public with an IPO?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1693390691805\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">What is the price range for the \"Medi Assist Healthcare Services Limited\" IPO?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The price range for the\"Medi Assist Healthcare Services Limited\" IPO is \u20b9397 to \u20b9418 per share.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1693390728061\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">When will the \"Medi Assist Healthcare Services Limited\" IPO be listed on the stock exchange?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The \"Medi Assist Healthcare Services Limited\" IPO is expected to be listed on Monday, 22 January 2024.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1693390318021\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">How to apply for an IPO with Lakshmishree?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>To apply for an IPO with Lakshmishree:<br \/>Go to www.lakshmishree.com\/ipo<br \/>Select the desired IPO and fill in the required details.<br \/>Confirm your application and make the payment.<br \/>Once applied, you can track the status of your application on the platform or get in your registered Email ID.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1693390631857\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">How can I check the subscription status of an IPO on Lakshmishree?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Log in to your Lakshmishree account and navigate to the 'IPO' section. Here, you can view live updates on the subscription status of ongoing IPOs.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Medi Assist Healthcare Services IPO Price: \u20b9397 - \u20b9418IPO Date Range: Jan 15, 2024 - Jan 17, 2024 Foundation &amp; Business Essence: Established in June 2002, Medi Assist Healthcare Services Limited operates as a health-tech and insurance-tech enterprise, specializing in administering health benefits for employers, retail members, and public health schemes, with a primary focus [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5564,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[336],"tags":[],"class_list":["post-5552","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/5552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/comments?post=5552"}],"version-history":[{"count":2,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/5552\/revisions"}],"predecessor-version":[{"id":5563,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/5552\/revisions\/5563"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media\/5564"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media?parent=5552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/categories?post=5552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/tags?post=5552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}