Medi Assist Healthcare Services IPO GMP Today

The Medi Assist Healthcare Services IPO commenced on January 15, 2024, and concluded on January 17, 2024. The allotment of shares took place on January 18, 2024, and the initiation of refunds began on January 19, 2024. The shares were credited to the demat accounts of investors on January 19, 2024. Finally, the listing of Medi Assist Healthcare Services on the stock exchange occurred on January 22, 2024.

The Medi Assist Healthcare Services IPO was priced at ₹397 to ₹418 per share, with a lot size of shares. The total issue size was ₹1,171.58 crores, comprising an offer for sale of ₹1,171.58 crores. The IPO was listed on both the NSE and BSE.

In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.

Medi Assist Healthcare Services IPO Basic Details

Medi Assist Healthcare Services IPO GMP Today:

Medi Assist Healthcare Services IPO Details:

Medi Assist Healthcare Services Limited started in June 2002. It’s a company that uses technology to handle health and insurance matters. They look after health benefits for companies, individual members, and public health programs, mostly helping insurance companies.

Medi Assist connects people with medical insurance and helps with hospital stays without needing cash. But, it also plays the middleman between: (a) regular people and their insurance companies, (b) insurance companies and healthcare providers like hospitals, (c) the government and those who benefit from public health programs. As of March 31, 2023, Medi Assist has teamed up with 36 insurance companies in India and around the world.

In the financial years 2021, 2022, and 2023, the money made from individual customers was ₹494.68 million, ₹579.84 million, and ₹570.29 million, respectively. These amounts were 15.33%, 14.72%, and 11.29% of the total money earned from customer contracts in those years.

As of March 31, 2023, the company has built a network of healthcare across India. It includes over 14,000 hospitals in 967 cities and towns spread across 32 states and union territories.

In the financial year 2023, the company sorted out 5.27 million claims. These included 2.44 million claims for people staying in hospitals and 2.83 million claims for those who visited hospitals for outpatient services.

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