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Medi Assist Healthcare IPO IPO

Mainline15 Jan 202417 Jan 2024
Open
15 Jan 2024
Close
17 Jan 2024
3
Allotment
Listing
Tue, Jan 23, 2024
Price Band
₹397 to ₹418
Issue Size
2,80,28,168 shares (agg. up to ₹1,172 Cr)
Lot Size
35 Shares
Listing Date
Tue, Jan 23, 2024
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Live Subscription

CategorySubscription (times)
Total11.63x

Restated Financials (₹ Cr.)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets802.62705.72602.23545.30
Total Income312.03518.96412.02345.57
Profit After Tax45.2675.3163.4738.01
NET Worth416.64383.67339.29292.55
Reserves and Surplus102.03353.86308.63295.81
Amount in ₹ Crore

About Medi Assist Healthcare IPO

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 comp

Contact Details

Medi Assist Healthcare Services Ltd. AddressTower D, 4th floor, IBC Knowledge Park4/1 Bannerghatta RoadBengaluru, Karnataka, 560029(+91 80) 6919 0000investor.relations@mediassist.inVisit Website