The Medi Assist Healthcare Ltd company based in Bangalore has started preparations to bring Medi Assist IPO for which the company has filed DRHP with SEBI. The company is planning to raise Rs 840 crore through this Medi Assist IPO. The company will issue shares in this IPO through Offer for Sale. During the epidemic last year, it has been seen that the demand for health insurance has increased very much, that is why the health insurance companies are now paying more attention to the health sector.
The Medi Assist IPO will be the first IPO of an insurance third-party administrator in India. Bangalore Situation This company has emerged as India’s largest Health Benefits Administrator in terms of revenue and premium services.
Through the Medi Assist IPO, the company’s shareholders Bessemer Ventures and Investcorp will sell their shares. Bessemer Ventures and Vikram Jeet Singh Chatwal (Dr. Vikram Jit Singh Chhatwal) are the promoters of Medi Assist. They hold a 45.51 percent and 31.63 percent stake in the company respectively. Investcorp holds a 21.65 percent stake in the company.
Medi Assist Company was established in the year 2000. Medi Assist is a company based in Bengaluru with over 2999 employees working in more than 45 cities in India. and he was honored with India’s Best TPA Award in 2020.
Medi Assist IPO Review :
■ Coming Soon
Medi Assist IPO Date & Price Band & Details :
| IPO Open : | – |
| IPO Close : | – |
| IPO Size : | 840. Cr |
| Face Value : | ₹ 10 Rs. Equity Share |
| Price Band : | – Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | 840. Cr |
| Fresh Issue : | -. Cr |
| Offer For Sale : | 840. Cr |
Medi Assist IPO Market Lot :
| Minimum Lot Size : | – |
| Minimum Amount : | – |
| Minimum Shares : | – Share |
| Maximum shares: | – Share |
Medi Assist IPO Shares Offer :
| Category | Shares Offers |
| Fresh issue : | – |
| Offer For Sale : | – |
| Total : | – |
Medi Assist IPO Reservation :
| Category | Reservation | Shares |
| QIB : | – % | – |
| NII : | – % | – |
| RII : | – % | – |
| EMP : | – % | – |
| Total : | – % | – |
Medi Assist IPO Dates :
| Allotment Date : | May – June 2021 |
| Refund Date : | May – June 2021 |
| Share Credit Date : | May – June 2021 |
| Listing Date : | May – June 2021 |
Medi Assist IPO Form :
There are two ways to apply in Medi Assist IPO. You can apply for Medi Assist IPO through ASBA available in your bank account. You have to go to your online bank login and select Medi Assist IPO in the Invest section and apply through your bank account. Another option is you can apply Medi AssistIPO through IPO form download through NSE and BSE. See the Medi Assist IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.
Medi Assist Company Financial Report (Cr) :
| Year | Revenue | Expense | P&L |
| 2020 | ₹3,304.07 | ₹2,670.43 | ₹391.71 |
| 2019 | ₹2,811.69 | ₹2,217.69 | ₹329.74 |
| 2018 | ₹2,415.79 | ₹1,777.23 | ₹438.77 |
Company Promoters :
■ Dr. Vikram Jit Singh Chhatwal
Medi Assist Board of Directors
| Name | Designation |
|---|---|
| Dr. Vikram Jit Singh Chhatwal | Chairman and Whole-time Director |
| Satish V.N. Gidugu | Whole-time Director and CEO |
| Vishal Vijay Gupta | Non-Executive Nominee Director |
| Gaurav Sharma | Non-Executive Nominee Director |
| Himani Kapadia | Independent Director |
| Gopalan Srinivasan | Independent Director |
| Anil Chanana | Independent Director |
| Dr. Ritu Niraj Anand | Independent Director |
| Ananda Mukerji | Independent Director |
Quick Link :
Medi Assist IPO Lead Managers :
■ Axis Capital Limited
■ Edelweiss Financial Services Limited
■ IIFL Securities Limited
■ SBI Capital Markets Limited
Medi Assist IPO Registrar :
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bhadur Shastri Marg
Vikhroli (West)
Mumbai 400 083
Maharashtra, India
Tel: (+91 22) 4918 6200
E-mail: [email protected]
Website: www.linkintime.co.in
Note: Check Medi Assist IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Registered and Corporate Office
Tower D, 4th floor
IBC Knowledge Park
4/1, Bannerghatta Road
Bengaluru 560 029
Karnataka, India
Tel: (+91 80) 6919 0000
Medi Assist IPO FAQs :
What is Medi Assist IPO?
Medi Assist IPO is Main Board IPO. They are going to raise ₹840. Crores via IPO. The issue is priced at ₹- to ₹- per equity share. The IPO to be listed on BSE & NSE.
When Medi Assist IPO will open?
The IPO is to open on May – June 2021 for QIB, NII & RII.
What is Medi Assist IPO Size?
Medi Assist IPO size is ₹840 Crores.
What is the Fresh issue size of Medi Assist IPO.
The Fresh issue size of Medi Assist IPO ₹- Cr.
What is the Offer For Sale size of Medi Assist IPO.
The Offer For Sale size of Medi Assist IPO ₹840 Cr.
What is Medi Assist IPO Price Band?
Medi Assist IPO Price Band is ₹- to ₹-.
What is Medi Assist IPO Minimum and Maximum Lot Size?
The minimum bid is – Shares with ₹- amount while maximum bid is – shares with ₹-
What is Medi Assist IPO Investors Portion?
The investors’ portion for QIB -%, NII -%, RII -%.
What is Medi Assist IPO Allotment Date?
Medi Assist IPO allotment date is Not Declare.
What is Medi Assist IPO Listing Date?
Medi Assist IPO listing date is Not Declare. The IPO to list on BSE and NSE.
How to Apply the Medi Assist IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Medi Assist IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Medi Assist IPO through Upstox?
Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Medi Assist IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Medi AssistIPO through Groww?
Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Medi Assist IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Medi Assist IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “Medi Assist IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
Medi Assist IPO GMP: Click Here
Medi Assist IPO Subscription Status: Click Here
Medi Assist IPO Allotment: Click Here
Medi Assist IPO Listing: Click Here
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