Medi Assist Healthcare IPO – GMP, Price and Financial Performance

Medi Assist Healthcare's IPO is currently trading at a ₹32 premium in the grey market. The price band is set at ₹397-₹418 per share, with a lot size of 35 million shares. The IPO runs until January 17, 2024.
Medi Assist Healthcare IPO - GMP, Price and Financial Performance

The Medi Assist Healthcare IPO, an insurance-tech firm specializing in TPA services, opened today and will close on January 17, 2024. It offers medical insurance and cashless hospitalization services. The IPO price is set between ₹397 and ₹418 per share, with plans to list on BSE and NSE. Currently, its shares trade at a ₹32 premium in the grey market.

Medi Assist Healthcare IPO GMP Today

According to today’s market data, shares of the health-tech firm are currently trading at a ₹32 premium in today’s grey market.

Medi Assist Healthcare IPO Price Band 

The health-tech firm has established a fixed price range for the book-build offering, setting it at ₹397 to ₹418 for each equity share.

Medi Assist Healthcare IPO Lot size

In the book build issue, bidders can submit applications for multiple lots, each consisting of 35 million company shares.

Medi Assist Healthcare IPO Date

The public offering commenced today and will continue accepting bids until January 17, 2024, providing a window for participation over the specified period.

About Medi-Assist Healthcare 

Medi Assist, specializing in third-party administration for insurance firms, has reported a six-month net profit of ₹24.3 crore, a decrease from last year’s ₹36.8 crore. Despite this, their revenue increased to ₹301.9 crore. 

Key subsidiaries contributing to their earnings include Medi Assist TPA, Medvantage TPA, and Raksha TPA. With plans to list on stock exchanges, Medi Assist is poised to become India’s first insurance TPA to enter the market, boasting an estimated post-issue market cap of ₹2,878 crore.

How to apply for the Medi Assist Healthcare IPO?

To apply for the Medi Assist Healthcare IPO through Alice Blue, follow these steps:

1. Open a Demat and Trading Account with Alice Blue if you don’t have one.

2. Access IPO details for Medi Assist Healthcare on the Alice Blue platform.

3. Place your bid for the desired number of shares within the IPO’s price range.

4. Confirm your information and submit your application quickly.

After the allotment process, check your allotment status to verify share allocation. Applying for the Medi Assist Healthcare IPO with Alice Blue is quick and straightforward!

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