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Medi Assist IPO
Medi Assist Healthcare Services Ltd IPO
Medi Assist IPO Details
Medi Assist is a healthcare service company that is planning to sell over two crore equity shares in the initial public offering (IPO). The IPO has a face value of Rs 10 per equity share and an issue size of Rs 840 crore.
This Bangalore-based organisation focuses on offering health-related schemes and technology to various individuals. The company came into existence in 2000. It is a HealthTech and InsurTech firm that focuses on offering initiatives that reduce healthcare costs. You can consider Medi Assist to be the bridge between customers and health insurance firms.
It has an integrated platform that offers high convenience to patients and their families. The Medi Assist IPO aims to provide fruitful benefits to the firm.
Hence, private investors have a good opportunity to leverage the ever-growing healthcare sector by choosing Medi Assist IPO. It is still crucial to understand the opportunities and risks associated with this initial public offering.
Medi Assist IPO Strengths
1. The company was one of the top medical premium health services for a consecutive span of three years
2. Medi Assist has a considerable share in the private medical insurance segment
3. The rise of the Indian healthcare market is steep, with an estimate of over USD 370 billion. So, private investors can capitalise on this lucrative sector by choosing well-known companies
4. The company has a robust technology infrastructure that can prove to be a pivotal aspect in the medical insurance segment
5.Medi Assist has a large base of the healthcare provider network that spans the country
Medi Assist IPO Weaknesses
1. As a transactional business, the profits of Medi Assist depend on the success of insurance agencies or government healthcare programs
2. The company needs to upgrade data security and IT infrastructure
3. Its transactions depend on the complexity of insurance schemes and relevant terms
4. Medi Assist is vulnerable to processing wrongful claims under some circumstances
Medi Assist Revenue & Profit
+2.32 | 0.44 |
+2.77 | 0.33 |
+3.18 | 0.39 |
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Medi Assist IPO Dates
| Open Date | 15 January , 2024 |
| Close Date | 17 January , 2024 |
| Allotment Date | To be announced |
| Initiation of Refunds | To be announced |
| Credit of Shares to Demat Account | 19th January, 2024 |
| Listing Date | To be announced |
Medi Assist IPO Lot Size
| Minimum Lot Size | To be announced |
| Maximum Lot Size | To be announced |
Seize the Opportunity! Apply for Medi Assist IPO
Free Demat Account Opening
Zero AMC Charges for First Year
Low DP Charges (Rs. 10 only)
Free IPO Report & Advisory
Medi Assist IPO Subscription Breakup
| QIBs | 50% |
| Non-Institutional Investors | 15% |
| Retail Investors | 35% |
How to Apply for Medi Assist IPO?
Step 1
First, you need to visit the IPO section in our Choice FinX app.
Step 2
Then, click on the 'More' option to view the Invest in IPO section.
Step 3
Open the Medi Assist IPO by tapping on it.
Step 4
You will see an option to subscribe that you need to click on apply button.
Step 5
Now that you can see the IPO details, you must enter details like cut-off price, number of lots, and UPI ID.
Step 6
Next, verify your details and select the 'Subscribe' option to complete the bidding.
You have completed your bidding for the Medi Assist IPO. Log in and go to the 'IPO Transactions' section to track your allotment status.