Medi Assist Healthcare Services Limited IPO
Medi Assist Healthcare Services Limited IPO
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Following its successful public offering, Medi Assist Healthcare Services Limited's made its market debut on 23-01-2024 and is now actively traded on the NSE, BSEplatform. The IPO mobilized 2,80,28,168 Shares in total capital, including TBD in primary equity infusion and ₹1171.58 Cr in secondary share sales.
The offering was structured with a price band of ₹397 to ₹418 and minimum investment lots of 35 shares. Investor participation during the subscription window from 15-01-2024 to 17-01-2024 demonstrated market confidence in the company's prospects.
The allotment process concluded on 18-01-2024, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Medi Assist IPO About Company
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Medi Assist IPO Strength Factors
NA
Medi Assist IPO Risk Factors
NA
Medi Assist IPO Lead Manager(s)
- Axis Capital Limited
- IIFL Securities Limited
- Nuvama Wealth Management Limited
- SBI Capital Markets Limited
Medi Assist IPO Promoter(s)
- Dr Vikram Jit Singh Chhatwal
- Medimatter Health Management Private Limited
- Bessemer India Capital Holding II Ltd
Medi Assist IPO FAQs
Medi Assist Healthcare Services Limited IPO subscribed 16.25 times. The public issue subscribed 3.19 times in the retail category,40.14times in QIB, and 17.22 times in the HNI (10+) category byNovember 20, 2025 11:37:50 AM (Day 20).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Medi Assist IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Medi Assist IPO FAQs
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