Medi Assist Healthcare Services Limited (Mainboard)
January 15, 2024 – January 17, 2024
| Price | ₹397 - ₹418 |
| Premium | ₹34 |
|---|---|
| Lot size | 35 |
| Allotment | Jan 18, 2024 |
| Listing | Jan 23, 2024 |
Medi Assist Healthcare Services Limited
Tower D, 4th floor, IBC Knowledge Park
4/1 Bannerghatta Road
Bengaluru 560 029
Phone: (+91 80) 6919 0000
Email: investor.relations@mediassist.in
Website: https://mediassist.in/
Last Updated as on 17-Jan-2024 17:54:00
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 5605634 | 224993755 | 40.14 |
| HNIs | 4204226 | 62442800 | 14.85 |
| HNIs (10+L) | 2802817 | 48256740 | 17.22 |
| HNIs (2-10L) | 1401409 | 14186060 | 10.12 |
| Retail | 9809859 | 31337775 | 3.19 |
| Total | 19619719 | 318774330 | 16.25 |
| Total Application : 745,684 | |||
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹22.52 | @8% ₹25.74 | @9% ₹28.96 | @10% ₹32.18 | @11% ₹35.4 | @12% ₹38.61 |
| Big HNI (10+L) Cost per lot (7 Days) |
|---|
| Assuming fix interest of ₹2000 per application Big HNI (10+L) costing for every 1 lot allotment is ₹6888 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 35 | 14630 | 280282 |
| sHNI | 14 | 490 | 204820 | 2860 |
| bHNI | 69 | 2415 | 1009470 | 5720 |
Incorporated in June 2002, Medi Assist Healthcare Services Limited is a health-tech and insurance-tech company that manages health benefits for employers, retail members, and public health schemes, primarily serving insurance companies.
Medi Assist offers medical insurance and cashless hospitalization through a network of healthcare service providers. However, the company also acts as a mediator between (a) general and health insurance companies and their insured members, (b) insurance companies and healthcare providers (such as hospitals), and (c) the Government and beneficiaries of public health schemes. Medi Assist Healthcare collaborated with 36 insurance companies in India and worldwide as of March 31, 2023.
The revenue generated by the retail portfolio for the financial years 2021, 2022, and 2023 was ₹494.68 million, ₹579.84 million, and ₹570.29 million, respectively. These amounts constituted 15.33%, 14.72%, and 11.29% of the total revenue from customer contracts for the same years.
As of March 31, 2023, the company has established a healthcare network across India, with over 14,000 hospitals in 967 cities and towns in 32 states and union territories.
During FY2023, the company settled 5.27 million claims, comprising 2.44 million in-patient claims and 2.83 million out-patient claims.
Medi Assist Healthcare IPO Details
| Issue Size | 28,028,168 shares (aggregating up to ₹1,171.58 Cr) |
| Offer for Sale | 28,028,168 shares of ₹5 (aggregating up to ₹1,171.58 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 68,859,212 |
| Share holding post issue | 68,859,212 |
Medi Assist Healthcare IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Medi Assist Healthcare IPO Lead Manager(s)
- Axis Bank Limited
- Iifl Securities Ltd
- Nuvama Wealth Management Limited
- SBI Capital Markets Limited
Key Performance Indicator
| KPI | Values |
|---|---|
| ROCE | 24.95% |
| RoNW | 19.63 |
| P/BV | 0 |
Company Financials
Medi Assist Healthcare Services Limited Financial Information (Restated Consolidated)
Medi Assist Healthcare Services Limited's revenue increased by 25.95% and profit after tax (PAT) rose by 15.3% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | 30 Sep 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
| Assets | 802.62 | 705.72 | 602.23 | 545.30 |
| Revenue | 312.03 | 518.96 | 412.02 | 345.57 |
| Profit | 22.49 | 74.04 | 64.22 | 26.27 |
| Net Worth | 416.64 | 383.67 | 339.29 | 292.55 |
| Reserves | 102.03 | 353.86 | 308.63 | 295.81 |
| Borrowing | ||||
| Amount in ₹ Crore | ||||