Medi Assist Healthcare IPO: Issue of health care service company will open on January 15, know price band and GMP
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Medi Assist Healthcare Services IPO: If you are waiting to bring money in a great IPO, then a great opportunity is about to come for you. The whole world is still troubled due to Corona. Along with this, countries around the world are investing money on their medical infrastructure. In such a situation, the IPO of Medi Assist Healthcare Service is going to come in the Indian stock market. With the announcement of the IPO, the premium on its maximum price in the gray market has started increasing. The company has fixed its shares in the range of ₹397 to ₹418 per equity share. Medi Assist IPO will be opened for subscription on January 15. It will close on Wednesday 17 January. Medi Assist Healthcare Service IPO will be opened for anchor investors on Friday, January 12. The minimum price of the shares is 79.40 times the face value and the maximum price is 83.60 times the face value. The lowest price to earnings ratio is 36.66 times while the highest price to earnings ratio is 38.60 times. The company is planning to collect Rs 1,171.58 crore through IPO.
how much money to invest
Medi Assist IPO lot size is 35 equity shares and in multiples of 35 equity shares thereafter. In such a situation, the investor will have to invest at least Rs 14,630 (35×418). In an IPO, more than 50% of the shares in the public issue are reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs) and less than 35% for retail investors. Tentatively, the basis for allotment of shares in Medi Assist Healthcare Services IPO will be finalized on Thursday, January 18 and the company will start refunds on January 19. Whereas the shares will be credited to the demat account of the allottees on the same day. Medi Assist Healthcare Services is likely to be listed on BSE and NSE on January 22.
What does Medi Assist Healthcare Services Limited do?
Medi Assist Healthcare Services Limited provides third party services to insurance companies through its wholly owned subsidiaries, MedVantage TPA, Raksha TPA and Medi Assist TPA. The company handles health insurance claims on behalf of other insurance companies and provides services such as network management, policy administration and customer service. Mainly it can be seen as a third party company. With the help of its subsidiaries, IHMS, Mayfair India, Mayfair UK, Mayfair Group Holding, Mayfair Philippines and Mayfair Singapore, the company also provides additional health care and support services, such as hospitalization, call centres, customer relations, contract management , billing, and claims processing services etc. As of September 30, 2023, the company has established a pan-India healthcare provider network comprising 18,754 hospitals spread across 1,069 cities and towns, 31 states (including Union Territories) and 141 countries across the world.
What is the GMP of IPO?
Today the premium on the share of Medi Assist IPO in the gray market is +80. According to InvestorGain.com, the share price of Medi Assist Healthcare Services was trading at a premium of ₹80 in the gray market. Considering the upper end of the IPO price band and the existing premium in the gray market, the estimated listing price of Medi Assist Healthcare Services’ share price was quoted at ₹498 per share, which is 19.14% higher than the IPO price of ₹418.
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