Read Bessemer Ventures & Investcorp-backed Medi Assist Files DHRP With Sebi to Raise Rs840 crore via IPO and company data and Grey market price in Comments, Article Published in Initial public offering section on e akhabaar
Medi Assist Healthcare Services has planning to issue its first-ever IPO (Initial Public Offer) in the Market. Let’s discuss IPO date, issue size, share price, listing, allotment, GMP, and other details. The DRHP papers have been filed by them in the regulatory authority SEBI. It is the initial procedure to issue a public offer and gets approval from the stock market regulator Sebi. According to the info, the offer sale is up to 28,028,168 equity shares of Medi Assist by promoters and existing shareholders, according to the draft red herring prospectus.
Those selling shares in the offer for sale include Dr. Vikram Jit Singh Chhatwal, Medimatter Health Management, Bessemer India Capital Holdings II Ltd, Bessemer Health Capital LLC, and Investcorp Private Equity fund I.
Even if the Medi Assists IPO listing fructifies as per plan, it will be India’s first IPO by an insurance TPA (Third Party Administrator). In the previous three years, Medi Assists surged its revenue in products and even in premium services for health insurance policies also.
“Medi Assist filed its papers with the regulator, late on the evening of May 10, 2023. The IPO consists of a pure OFS ( offer for sale) component and a partial exit by its two private equity investors and selling shareholders Bessemer Ventures and Investcorp is the main trigger,”
Till now the IPO issue date is not yet unveiled by authorities and management of the company also. But approximately it will be coming to our knowledge very soon. Along with it, the IPO price is also hidden and yet to be released. Here is the table including each and every detail of Medi Assists IPO.
Medi Assist IPO Details
It is the complete detail of Medi Assists IPO including various details like issue date, listing, allotment, IPO price and much more related information.
| IPO Opening Date | June 2023 (Expected) |
| IPO Closing Date | Updated Soon |
| Issue Type | Updated Soon |
| Face Value | Updated Soon |
| IPO Price | Updated Soon |
| Market Lot | Updated Soon |
| Min Order Quantity | Updated Soon |
| Listing At | BSE NSE (Expected) |
| Issue Size | 28,028,168 Equity Shares |
Medi Assist IPO Tentative Timetable
Although there are no such dates have been finalized but here is the expected date of this Initial Public Offer. Let’s have a look at this schedule.
| IPO Open Date | June 2023 (Expected) |
| IPO Close Date | Updated Soon |
| Basis of Allotment Date | Updated Soon |
| Initiation of Refunds | Updated Soon |
| The credit of Shares to Demat Account | Updated Soon |
| IPO Listing Date | Updated Soon |
Medi Assist IPO Lot Size
According to the info, it is the Medi Assists IPO lot size and minimum lot quantity that you have to buy if you are interested to invest in this initial public offer.
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | – | – |
| Maximum | 1 | – | – |
Medi Assist IPO Subscription
The IPO subscription will be updated later when this IPO will be launch in the market and available for all the retail as well as corporate investors. Stay with us to know upcoming updates related to this IPO.
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