Medi Assist Healthcare is India’s largest health benefits administrator in terms of revenues in the Financial Years 2021, 2022, and 2023 (Source: F&S Report). Their primary clients are insurance companies; however, they also serve as an intermediary between (a) general and health insurance companies and the insured members, (b) insurance companies and healthcare providers (such as hospitals), and (c) the Government and beneficiaries of public health schemes. For the Financial Year 2022, their total revenues accounted for 24.89%, our EBITDA accounted for 40.88%, and our profit after tax accounted for 55.31%, of the Indian health benefits administration industry revenue, EBITDA and profit after tax, respectively (Source: F&S Report).

They are also the largest health benefits administrator in India in terms of premium under management for retail and group policies, with a market share of 14.83% of the retail health insurance market and 41.71% of the group health insurance market, and combined retail and group segment share of 33.67% serviced by health benefits administrators for the Financial Year 2022 (Source: F&S Report). They managed ₹145,746.49 million of health insurance premiums (group and retail) at the end of Financial Year 2023 growing at a CAGR of 35.67% from ₹79,184.93 million as at the end of Financial Year 2021. As of March 31, 2023, we work with 36 insurance companies in India and globally.

Their technology-driven infrastructure and services are custom-built, and assist various stakeholders such as insurance companies, hospitals, insurance brokers, and insurance agents in their operations, and are scalable, comprehensive, easy to use, and secure. This enables us to offer a comprehensive healthcare solution to our customers, encompassing an extensive in-patient and out-patient network, on-demand health services, robust management of fraud, waste, and abuse, as well as effective medical inflation control. Their technology costs(operating costs and capital expenditure) were ₹49.57 million, ₹18.32 million, and ₹202.19 million for the Financial Years 2021, 2022, and 2023, respectively, and aggregated to 1.54%, 0.47%, and 4.00% of their revenue from contracts with customers, respectively.

Objects of the Issue

• The Company expects that listing of the Equity Shares will enhance our visibility and brand and provide liquidity to its existing Shareholders. Listing will also provide a public market for the Equity Shares in India. The Company will not receive any proceeds from the Offer. All proceeds from the Offer will go to the Selling Shareholders, in proportion to the Equity Shares offered by them in the Offer for Sale.

Medi Assist Healthcare IPO Review (Apply or Not)

• To be updated soon

Brokerage Firm IPO Review

• Capital Market: To be updated soon
• Religare Broking: To be updated soon
• Hem Securities: To be updated soon
• Arihant Capital: To be updated soon

Medi Assist Healthcare IPO Date & Price Band Details

Medi Assist Healthcare IPO Market Lot

The Medi Assist Healthcare IPO minimum market lot is [.] shares with ₹[.] application amount. The retail investors can apply up-to 13 lots with [.] shares or ₹[.] amount.

Medi Assist Healthcare IPO Allotment & Listing Dates

The Medi Assist Healthcare IPO date is January 2024 and the close date is January 2024. The Medi Assist Healthcare IPO allotment will be finalized on 2024 and the IPO listing on 2024.

You can check IPO subscription status and IPO allotment status on their respective pages.

Medi Assist Healthcare IPO Form

How to apply for the Medi Assist Healthcare IPO? You can apply for Medi Assist Healthcare IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Medi Assist Healthcare IPO in the Invest section. The other option is you can apply for Medi Assist Healthcare IPO via IPO forms downloaded via NSE and BSE. Check out the Medi Assist Healthcare forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.

Medi Assist Healthcare Company Financial Report

Medi Assist Healthcare IPO Valuation – FY2022

Check Medi Assist Healthcare IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group

• Dr Vikram Jit Singh Chhatwal
• Medimatter Health Management Private Limited
• Bessemer India Capital Holding II Ltd.

Medi Assist Healthcare IPO Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/

Medi Assist Healthcare IPO Allotment Status Check

Check Medi Assist Healthcare IPO allotment status on Linkintime website allotment URL. Click Here

Medi Assist Healthcare IPO Lead Managers aka Merchant Bankers

• Axis Bank Limited
• Iifl Securities Ltd
• Nuvama Wealth Management Limited
• SBI Capital Markets Limited

Company Address

Medi Assist Healthcare Services Limited
Tower D, 4th floor, IBC Knowledge Park
4/1 Bannerghatta Road
Bengaluru 560 029
Phone: (+91 80) 6919 0000
Email: [email protected]
Website: https://mediassist.in/

Medi Assist Healthcare IPO FAQs

Note: The Medi Assist Healthcare IPO price band and date are not officially announced yet. The IPO grey market premium (Medi Assist Healthcare IPO Premium) will be added to the IPO grey market page as it will start).

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• Source: https://ipowatch.in/medi-assist-healthcare-ipo-date-review-price-allotment-details/