Medi Assist Healthcare Services Limited IPO
₹397 - ₹418
35
16.25
| Open Date: | 15-Jan-2024 |
| Close Date: | 17-Jan-2024 |
| Allotment Date: | 18-Jan-2024 |
| Listing Date: | 22-Jan-2024 |
| Listing Price: | N/A |
| Face Value: | ₹5 Per Equity Share |
| Issue Price: | ₹397-418 Per Equity Share |
| Issue Size: | Total Issue Size 28,028,168 shares (aggregating up to ₹1,171.58 Cr) : Offer for Sale 28,028,168 shares of ₹5 (aggregating up to ₹1,171.58 Cr) |
| Market Lot (Min Amount): | Retail - ₹14,630 : S-HNI - ₹204,820 : B-HNI - ₹1,009,470 |
As on | QIB | Nll | Rll | Total |
|---|---|---|---|---|
| Shares Offered/Reserved | 5,605,634 | 4,204,226 | 9,809,859 | 19,619,719 |
| Day 1 - 15-01-24 05:00 PM | 0.00x | 0.45x | 0.91x | 0.55x |
| Day 2 - 16-01-24 05:00 PM | 0.01x | 1.61x | 1.72x | 1.21x |
| Day 3 - 17-01-24 05:00 PM | 40.14x | 14.85x | 3.19x | 16.25x |
| Total No. of Application: | 745,684 (Approx.) | |||
| Retail Subscription on the basis of Apps: | 2.66x | |||
| Earning Per Share(EPS) | ₹10.75/- |
| P/E Ratio | 38.87 |
| RoNW | 19.63% |
| Net Asset Value (NAV) - Post Issue: | ₹N/A/- |
| Total Assets | Total Revenue | Profit After Tax | |
|---|---|---|---|
| 31 Sep,2023 | 802.62 | 312.03 | 22.49 |
| 31 Mar,2023 | 705.72 | 602.23 | 545.30 |
| 31 Mar,2022 | 518.96 | 412.02 | 345.57 |
| 31 Mar,2021 | 74.04 | 64.22 | 26.27 |
| Pre Issue Share Holding | 67.55% |
| Post Issue Share Holding | 45.75% |
| 1. Dr Vikram Jit Singh Chhatwal |
| 2. Medimatter Health Management Private Limited and Bessemer India Capital Holding II Ltd. |
The object of the Offer is to achieve the benefits of listing the Equity Shares on the Stock Exchanges. The company expects that listing the Equity Shares will enhance its visibility and brand and provide liquidity to its existing Shareholders. The 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.
Incorporated in June 2002, Medi Assist Healthcare Services Limited is a health-tech and insurance-tech company that manages health benefits for employers, retail members, and public health schemes, primarily serving insurance companies.
Medi Assist offers medical insurance and cashless hospitalization through a network of healthcare service providers. However, the company also acts as a mediator between (a) general and health insurance companies and their insured members, (b) insurance companies and healthcare providers (such as hospitals), and (c) the Government and beneficiaries of public health schemes. Medi Assist Healthcare collaborated with 36 insurance companies in India and worldwide as of March 31, 2023.
The revenue generated by the retail portfolio for the financial years 2021, 2022, and 2023 was ₹494.68 million, ₹579.84 million, and ₹570.29 million, respectively. These amounts constituted 15.33%, 14.72%, and 11.29% of the total revenue from customer contracts for the same years.
As of March 31, 2023, the company has established a healthcare network across India, with over 14,000 hospitals in 967 cities and towns in 32 states and union territories.
During FY2023, the company settled 5.27 million claims, comprising 2.44 million in-patient claims and 2.83 million out-patient claims.
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Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.
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