MEDI ASSIST HEALTHCARE SERVICES LIMITED COMPANY PROFILE:
Medi Assist Healthcare Services Limited provide third party administration services to insurance companies through wholly owned Subsidiaries, Medi Assist TPA, Medvantage TPA (from February 13, 2023) and Raksha TPA (from August 25, 2023).
- A third party administrator is an organization that processes health insurance claims for insurance companies and provides services such as policy administration, customer service and network management, among others.
- As a third party administrator, company act as a facilitator between (a) insurance companies and their policy holders, (b) insurance companies and healthcare providers (such as hospitals), and (c) the Government and beneficiaries of public health schemes.
- Subsidiaries, Medi Assist TPA and Medvantage TPA, contributed to 96.32% of revenue from contracts with customers in the Financial Year 2023 and Subsidiaries, Medi Assist TPA, Medvantage TPA and Raksha TPA contributed 92.98% of revenue from contracts with customers in the six months ended September 30, 2023.
- Company also facilitate other healthcare and ancillary services such as hospitalization services, call centre services, customer relations and contract management services, billing services and claims processing services through Company and other Subsidiaries, IHMS, Mayfair India, Mayfair UK, Mayfair Group Holding, Mayfair Philippines and Mayfair Singapore.
- Company developed a pan-India healthcare provider network which comprises 18,754 hospitals across 1,069 cities and towns and 31 states (including union territories) in India and network across 141 countries globally, as on September 30, 2023.
GMP : 32₹
IPO DETAILS:
| ISSUE DATE | 15 JAN 2024 – 17 JAN 2024 |
| PRICE RANGE | Rs. 397/- to Rs. 418/- |
| ISSUE SIZE | upto 1171 CR |
| FACE VALUE | Rs.5 |
| BID LOT | RETAIL – 35 shares ( 1 LOT) -14630 RUPEES |
| FRESH ISSUE | NO |
| OFS | 2.8 CRORE SHARES (1171 CRORE RUPEES) |
| ALLOTMENT DATE | 18 JAN 2024 |
| LISTING DATE | 22 JAN 2024 |
| PROMOTER HOLDING | PRE ISSUE – 77.14 PERCENT POST ISSUE – 45.75 PERCENT |
| NAME OF REGISTRAR | Link Intime India Private Limited |
| IPO RESERVATION | RETAIL – NOT MORE THAN 35 PERCENT QIB – NOT MORE THAN 50 PERCENT NII – NOT MORE THAN 15 PERCENT |