
Industrial & Financial Services · NSE / BSE
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.
Price Band
₹397 – ₹418
Issue Size
₹1172 Cr
Lot Size
35 shares
GMP
+8.1%
Est. Listing
₹452
at current GMP
Subscribed
16.25x
overall
Open
15 Jan 2024
Close
17 Jan 2024
Allotment
18 Jan 2024
Refund
19 Jan 2024
Demat Credit
20 Jan 2024
Listing
23 Jan 2024
Overall Subscription
16.25x
Total Demand
QIB Multiplier
40.14x
Institutions & Funds
NII / HNI
14.85x
High Net-Worth
Retail (RII)
3.19x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 5,605,634 | 224,993,755 | 40.14x |
| NIB | 4,204,226 | 62,442,800 | 14.85x |
| HNIs(10L +) | 2,802,817 | 48,256,740 | 17.22x |
| HNIs (2-10L) | 1,401,409 | 14,186,060 | 10.12x |
| RETAIL | 9,809,859 | 31,337,775 | 3.19x |
| Total | 23,823,945 | 381,217,130 | 16.25x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 280,282 | 894,100 | 3.19x |
| HNIs (10L +) | 1,793 | 26,626 | 14.85x |
| HNIs (2-10L) | 8,580 | 127,413 | 14.85x |
| Total Applications | 290,655 | 1,048,139 | 3.61x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Medi Assist Healthcare Services Limited is bringing an initial public offering (IPO) in the Industrial & Financial Services sector with an aggregate issue size of ₹1,171.58 Crores. The shares are offered at a price band of ₹397 to ₹418 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2024-01-17, the basis of allotment is scheduled to be finalized on 2024-01-18. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.
The latest Grey Market Premium (GMP) for Medi Assist Healthcare Services Limited IPO is ₹34 per equity share. Based on the upper price band of ₹397 to ₹418 per equity share, the estimated listing price is ₹452 (+8.1% expected listing gain).
With a lot size of 35 shares and current GMP of ₹34, the expected profit per application lot is approx ₹1,190 (+8.1% gain). Minimum application cost is approx ₹14,630.
The Medi Assist Healthcare Services Limited IPO aggregate issue size is ₹1,171.58 Crores with an equity price band set at ₹397 to ₹418 per equity share. The retail lot size is 35 shares requiring a minimum capital outlay of approx. ₹14,630.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 16.25x (Retail: 3.19x, QIB: 40.14x, NII: 14.85x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2024-01-18. Investors can verify status using PAN card or application number.
Medi Assist Healthcare Services Limited shares are scheduled to list on NSE and BSE on 2024-01-23.