Medi Assist Healthcare Services Limited IPO Open & Close Date, Lot Size

The subscription period for the Medi Assist Healthcare Services Limited IPO begins on January 15, 2024, and ends on January 17, 2024. The pricing range for Medi Assist Healthcare’s IPO is ₹397 to ₹418 per share. 

Medi Assist Healthcare Services Limited IPO

The book-built IPO for Medi Assist Healthcare is priced at Rs 1,171.58 crores. The whole purpose of the issuance is to sell 2.8 crore shares. The subscription period for the Medi Assist Healthcare IPO begins on January 15, 2024, and ends on January 17, 2024. 

On Thursday, January 18, 2024, the allocation for the Medi Assist Healthcare IPO is anticipated to be completed. Monday, January 22, 2024, has been set as the tentative listing date for the Medi Assist Healthcare Services Limited IPO on the BSE and NSE.

The pricing range for Medi Assist Healthcare’s IPO is ₹397 to ₹418 per share. 35 Shares is the minimum lot size required for an application. Retail investors are required to invest a minimum of ₹14,630. For both sNII and bNII, the minimum lot size investment is 69 lots (2,415 shares), or ₹1,009,470, and 14 lots (490 shares), or ₹204,820.

Medi Assist Healthcare IPO GMP Date

The recent GMP for Medi Assist Healthcare IPO is ₹64; it was last updated on January 12, 2024, at 11:23 AM. With a price band of 418.00, Medi Assist Healthcare IPO’s expected listing price is ₹482 (cap price + today’s GMP).15.31% is the anticipated percentage gain or loss per share.

Daily GMP and the previous ten sessions’ worth of grey market activity indicate that the IPO is heading higher and that a good listing is anticipated. ₹0 is the lowest GMP and ₹81 is the highest. Stay tuned to learn about the anticipated launching price and daily price movement of Medi Assist Healthcare IPO GMP.

How to Apply for Medi Assist Healthcare Public Offer? 

For the Medi Assist Healthcare IPO application:

• Make sure that a licensed brokerage company has granted you access to a Demat account.
• Verify if you satisfy the requirements set out by the initial public offering (IPO), such as being a qualified institutional buyer or a retail investor.
• Make sure you have enough money in your trading account to support the IPO application.
• Navigate to the IPO area of your brokerage’s trading account after logging in. Complete the online application and submit it for the Medi Assist Healthcare IPO.
• Use one of the many online payment options to complete the transaction.
• Once the IPO subscription period ends, you will get an allocation status and confirmation of successful application and payment.

Medi Assist Healthcare IPO Lot Size

Bids may be placed for multiples of 35 shares, with a minimum bid of 35. The lowest and maximum share and amount of investments made by HNIs and retail investors are shown below.

• Retail (Min): 1, 35, ₹14,630
• Retail (Max): 13, 455, ₹190,190
• S-HNI (Min): 14, 490, ₹204,820
• S-HNI (Max): 68, 2,380, ₹994,840
• B-HNI (Min): 69, 2,415, ₹1,009,470

Medi Assist Healthcare IPO Review

Being a unique participant in the insurance industry’s third-party administration market, the company’s reach is growing as more and more healthcare contracts are signed and awareness grows. 

Once all of the recent purchase agreements are in place, the firm will resume its current course. After listing, this business will get people’s attention for being the pioneer in the field. Investors may put money aside for this emerging industry’s medium- to long-term returns.

Why Should You Invest in the Medi Assist Healthcare Services IPO?

• In terms of the premium received, they were the most well-known health benefits administrator in the nation in 2018, 2019, and 2020.
• They control 29% of the private health insurance market that is served by health benefits administrators and 17% of the market for private health insurance.
• With a compound annual growth rate of 30.5%, the Indian healthcare industry is expected to reach USD 432 billion by 2025.
• The overall penetration of the Indian health insurance market is predicted to reach 55.0% in 2024–2025 thanks to strong growth in the group and retail health insurance categories.

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