Medi Assist will be the first insurance third-party administrator to go public in the india. In respect of sales and premium facilities, the Bengaluru-based company has grown to become India’s biggest health benefits administrator. Medi Assist IPO will hit the market in 2021.
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About Medi Assist Healthcare
They are India’s leading HealthTech and InsurTech firm, engaging in the administration of health coverage for employers, retail participants, and government health policies. To reduce health-care costs, they actively work to speed up progress and participate in such projects.
Their Health Benefits Administration model is developed to provide the resources needed for a health plan to flourish, weather it is their modular claims management system & innovation that reveals data to make essential judgments or their support techniques developed through the perspective of the consumer.
In a nutshell, they want to connect their growth to that of their members.
Claim Data Research
To help their members defy national claim cost patterns, they combine talent and technology in their claims research.
Internal analysis is supplemented by efficient computing software, and once a claim is recognized as having the opportunity for cost savings trained medical experts examine the claim for cost-cutting opportunities.
Benefits Management Strategy
Sometimes, benefits administrators will promote their provider network discounts or a lower service charge as evidence of their capacity to assist increase the bottom line; however, at Medi Assist, benefits management entails more than just lowering service charges.
Their holistic strategy to benefits management provides a positive atmosphere for their clients while also assisting employers and members in lowering health-care costs.
Their robust benefits management strategy guarantees that their clients have an excellent feedback while also assisting employers and members in lowering medical costs.
Vision
Their technology, collaborations, and personal touch will allow Medi Assist to bring educated health choices to a billion lives.
Mission
- To be the most dependable partner in the field of technology-assisted healthcare.
- To be dedicated to each MAven’s personal development and appreciation, as well as to create an atmosphere that fosters teamwork, superior efficiency, empathy, and a strong sense of social accountability.
Financials Trends
| Particulars | For the year/period ended ( in Cr.) | ||||
|---|---|---|---|---|---|
| 30-Sep-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 542.20 | 558.17 | 520.76 | 480.22 | |
| Total Revenue | 257.44 | 330.41 | 281.17 | 241.58 | |
| Profit After Tax | 38.09 | 39.17 | 32.97 | 43.88 | |
Issue
The initial public offering includes an offer to sell(OFS) up to 2.8 cr. equity shares of Medi assist healthcare of Rs 5 each by the promoter company. There is no Fresh Issue in this IPO.
The IPO will be contingent on market circumstances the acceptance of required approvals, and other factors.
Objects of the Issue
- Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
- To meet common corporate objectives.
IPO Details
| IPO Opening Date | 2021 |
| IPO Closing Date | 2021 |
| Issue Type | Book Builting |
| Face Value | 5 per share |
| IPO Price | 0 to 0 per equity share |
| Market Lot | 0 |
| Min Order Quantity | 0 |
| Listing At | BSE, NSE |
| Issue Size | 2.8 Cr equity share |
| Fresh Issue | 0 |
| Offer for Sale | 2.8 Cr equity share |
IPO Tentative Date
The Medi Assist IPO open date is 2021, and the close date is 2021. The issue may list in 2021.
| IPO Open Date | 2021 |
| IPO Close Date | 2021 |
| Basis of Allotment Date | 2021 |
| Initiation of Refunds | 2021 |
| Credit of Shares to Demat Account | 2021 |
| IPO Listing Date | 2021 |
Basis of Allotment
| Type | % of Offer | Basis of Allotment |
|---|---|---|
| Qualified Institutional Buyer | 50 |
Roughly
equivalent
|
| Non Institutional Investor | 15 |
Roughly
equivalent
|
| Retail | 35 | Minimal level of 1 lot, based on availability, for every shareholder. |
Medi Assist IPO GMP
Medi Assist IPO Grey Market Premium is INR 0.
Promoters
- Vikram Jit Singh Chhatwal
- Medimatter Health Management Private Limited
- Bessemer India Capital Holding II Ltd
Promoter Holding
| Pre Issue Share Holding | 67.55 % |
| Post Issue Share Holding |
Medi Assist IPO Prospectus
Medi Assist IPO Review
Medi Assist IPO review will depend on the price band. Whenever it will be announced we will update you regarding this IPO is good or bad.
Contact Details
MEDI ASSIST HEALTHCARE SERVICES LIMITED
Tower D, 4th floor, IBC Knowledge Park, 4/1 Bannerghatta Road,
Bengaluru 560 029, Karnataka, India;
Tel: (+91 80) 6919 0000
E-mail:[email protected]
Website: www.mediassist.in
Registrar
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: [email protected]
Website: http://www.linkintime.co.in
Lead Manager(s)
- Axis Capital Limited
- Edelweiss Financial Services Limited
- IIFL Securities Limited
- SBI Capital Markets Limited
We hope we are able to answer all you questions about Medi Assist IPO. If you don’t have Demat account open it now with Zerodha best trading app.
Medi Assist IPO Opening Date?
Medi Assist IPO will open in 2021.
Medi Assist IPO Allotment Date?
Medi Assist IPO Allotment Date is 2021.
Medi Assist IPO Listing Date?
Medi Assist IPO Listing date is 2021
Medi Assist IPO GMP Today?
Medi Assist IPO Grey Market Premium is INR 0.
Medi Assist IPO Price Band?
Medi Assist IPO price Band is 0 to 0.
