Medi Assist IPO

 

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.

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